National accountancy firm MHA Macintyre Hudson, part of Baker Tilly International, has acquired Northampton IFA Cave & Sons as it seeks to build its wealth management division. Cave & Sons has been renamed MHA Caves Wealth and rebranded. MHA Caves dates its history back to 1906. It provides financial advice and wealth management services as […]
Archives for April 2022
FPA Defines Its New Roadmap: Serving CFP Professionals And Building (Trust With) Local Chapters
Leading up to the arrival of new CEO Patrick Mahoney in 2020, the Financial Planning Association (FPA) had experienced a rocky few years. From the continued decline in membership (including a 25% cut between 2018 and 2020) to the angry backlash among members regarding the OneFPA initiative (not to mention challenges brought on by the […]
Long-running Carey SIPP case comes to a close
The Supreme Court has denied STM Group permission to appeal in the landmark Adams vs Carey case, effectively ending the long-running saga which questioned provider responsibility when accepting investments into a SIPP. The appeal was denied this morning. Some experts have warned that the judgment could spark £1bn of claims against SIPP firms STM-owned Options […]
How to ensure good cash flow in 2022
It’s been a tough two years for Australian small businesses, to say the least. Pandemic induced shutdowns, reduced consumer confidence, low foot traffic, employee lay offs and the ever-looming threat of getting sick. Yes, there was some reprieve through state and federal grants and support packages, but these were no silver bullet. Promoting and ensuring […]
How to ensure good cash flow in 2022
It’s been a tough two years for Australian small businesses, to say the least. Pandemic induced shutdowns, reduced consumer confidence, low foot traffic, employee lay offs and the ever-looming threat of getting sick. Yes, there was some reprieve through state and federal grants and support packages, but these were no silver bullet. Promoting and ensuring […]
Weekend Reading For Financial Planners (Apr 9-10)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Biden administration will be extending the current moratorium on Federal student loan payments, originally scheduled to end on May 31, until August 31 (which, while welcome to many borrowers, also leaves many in financial […]
PFS wants more ‘proportional’ FCA regulation
The Personal Finance Society, the biggest professional body for Financial Planners and Paraplanners, has called for more ‘proportional’ regulation by the FCA under its new strategy to avoid killing off parts of the advice sector. The PFS made the comments in its initial response to the FCA’s new three year business strategy published this week. […]
FCA issues warnings on 19 suspect firms in 7 days
The FCA has issued 19 warnings on unauthorised and clone firms in the past 7 days, a rate of nearly 3 per day. Many of the firms were bogus firms, firms unauthorised to do regulated business in the UK or clones of legitimate UK regulated firms. If the rate of warnings continues at the current […]
Adviser firm with 3 trading names fails
The Financial Services Compensation Scheme has declared in default a company with three trading names, including two Financial Planning arms, after at least one BSPS claim. Keywood Olley & Associates Ltd, of Bingley, West Yorkshire, traded under three names: Keywood Olley & Associates, North East Mortgages and EMH Financial Planning. The business, first authorised in […]
Taskforce warns on vulnerability and sudden wealth
The Financial Vulnerability Taskforce, the industry body campaigning for better treatment of vulnerable clients, has launched a new guide to help planners work better with clients who are vulnerable due to experiencing ‘sudden wealth.’ The FVT has warned that these clients are particularly vulnerable to abusive or coercive behaviour or poor advice. The guide comes […]