The Pensions Regulator issued 20,555 compliance notices between July and December 2021, well down on the 35,087 issues for the previous six months. It also issued thousands fewer fixed penalty notices – 17,284 – compared to the previous six month period (22,542) and fewer 6,988 escalating penalty notices (compared to 7,407). However, the regulator issued […]
Archives for April 2022
Questions Advisors Can Ask To Help Clients Take Action By Exploring Their Money Memories
In recent years, understanding and applying concepts of financial psychology have become increasingly important skills used by financial advisors. While technical knowledge can help advisors develop objectively sound financial strategies, turning those strategies into advice that the client will actually follow often requires some knowledge of the client’s personality, culture, and background, so the advisor […]
SEI selects a new CEO as founder steps aside
Get to Know the 12-Month Rule for Prepaid Expenses
If you want to take advantage of business deductions before the end of the year, you may decide to prepay some of your expenses. But, hold up! Before you do that, you need to learn about the 12-month rule for prepaid expenses. What are prepaid expenses? So, what do prepaid expenses include? Prepaid expenses are […]
FCA makes trio of senior hires
The Financial Conduct Authority has made three senior hires as it fills 95 new authorisation roles. The regulator has appointed two new directors of authorisations. A new finance director will also join next month. Craig Chapman will join the FCA as finance director to replace David Godfrey who has retired. Mr Chapman is currently CFO […]
#FA Success Ep 275: Growing Organically Past $4B Of AUM With A Shared Ownership Mentality, With Michael Chasnoff
Welcome back to the 275th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Michael Chasnoff. Michael is the founder and CEO of Truepoint Wealth Counsel, an independent fee-only RIA based in Cincinnati, Ohio that oversees $4.5 billion in assets under management for 750 client households. What’s unique about Michael, though, […]
The Latest In Financial #AdvisorTech (April 2022)
Welcome to the April 2022 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month’s edition kicks off with the big news that Wealthbox has raised a new $31M […]
Cardiff IFA handed 9-year bankruptcy order
Marc Jones, an IFA from Cardiff, has undertaken nine years of bankruptcy restrictions after failing to provide services to customers. At the point of bankruptcy he owed over £350,000. Mr Jones worked as a self-employed IFA between January 2012 and October 2018. From 2018 to 2019 he worked on behalf of an unnamed financial institution selling […]