Americans love talking about their favorite mom-and-pop shops. When we use the term mom-and-pop, we’re talking about a spouse-owned business. A spouse-owned business gives new meaning to “for richer and poorer” (and “till death do us part!”). According to Harvard Business Review, three million businesses in the U.S. are spouse-owned. This type of business also […]
Archives for June 2022
Artemis founder Stuart to hand over fund reins
Derek Stuart, one of the UK’s best known fund managers and a founder of Artemis Investment Management, is to step back from co-managing one of its leading funds to spend more time on charity work. He has been a manager of the Artemis UK Special Situations Fund since its launch in 2000. He will hand […]
Morningstar to rename Praemium after £35m takeover
Financial research and investment management company Morningstar is to rename Praemium as the Morningstar Wealth Platform after its £35m acquisition of the formerly Austrlian-owned platform. Praemium has sold its operations in the UK, Jersey, Hong Kong and Dubai to Morningstar. The deal adds more than 100 new staff to Morningstar who will move across from Praemium’s UK and […]
Kitces & Carl Ep 89: From Financial Plan Software To One Page Financial Planning
Many financial advisors have traditionally aimed to present the financial plan as a thick, bound, all-encompassing document to be used as a tool to help clients achieve their financial goals. But beyond providing an in-depth roadmap for clients, the financial plan also demonstrates the expertise and value financial advisors offer. To help streamline the financial […]
New RIA? Time to prep for an SEC audit
NS&I Green Bond pulled in £228m
NS&I’s new Green Bond pulled in £228m, according to the government-backed savings body’s Annual Report for 2021/2022. The amount raised helped NS&I deliver £4.4 billion of net financing to the government over the past year. NS&I said Green Savings Bonds, which help raise funds towards tackling climate change, were “successfully launched” although critics said the […]
NS&I Green Bond pulled in £228m
NS&I’s new Green Bond pulled in £228m, according to the government-backed savings body’s Annual Report for 2021/2022. The amount raised helped NS&I deliver £4.4 billion of net financing to the government over the past year. NS&I said Green Savings Bonds, which help raise funds towards tackling climate change, were “successfully launched” although critics said the […]
Reframing Monte Carlo Results To Increase Trust In Dynamic Retirement Spending
Financial advisors often use Monte Carlo simulation in their financial planning process, which (as is commonly found in major financial planning software packages) traditionally presents the results of the projection in terms of probability of success or failure (with ‘success’ being defined as an iteration of the plan where the client doesn’t run out of […]
Reframing Monte Carlo Results To Increase Trust In Dynamic Retirement Spending
Financial advisors often use Monte Carlo simulation in their financial planning process, which (as is commonly found in major financial planning software packages) traditionally presents the results of the projection in terms of probability of success or failure (with ‘success’ being defined as an iteration of the plan where the client doesn’t run out of […]
Innovation Open Day to be held at FCA HQ
The FCA is to hold a tech-focused Innovation Day at its London HQ in July to showcase what it is doing to nurture new financial technology developments. The regulator said the day will “showcase what’s next for our innovation agenda.” The day will feature a mixture of keynotes, panel sessions and presentations, as well as […]