Archives for June 2022
America’s Best-kept Secret: The Employer-provided Childcare Tax Credit
The employer-provided childcare tax credit has existed for over 20 years to help employers secure affordable childcare for their employees. The only problem is, no one seems to know about it. It may be America’s best-kept secret for your employees with children. In 2020, only 11% of employees had access to employer-provided childcare assistance. And […]
#FA Success Ep 287: Finding Solo Efficiency To Serve 50 Great Clients With $100M AUM, With Jennifer Murray
Welcome back to the 287th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Jennifer Murray. Jennifer is the owner and founder of Stonebridge Financial Advisors, an independent RIA based in Morristown, New Jersey, that oversees $100 million of assets under management for 50 client households. What’s unique about Jennifer, though, […]
Hargreaves Lansdown makes move into Open Banking
Hargreaves Lansdown has added a ‘pay by bank’ service as its first move into Open Banking. A solution from Ecospend will allow Hargreaves Lansdown clients to make secure payments directly to the investment platform without the need for cards. The investment platform said it plans to adopt more Open Banking services in the future. George […]
Novia assets rise 6% under new ownership
Adviser platform Novia saw a 6% rise in assets under administration for the year ended 31 December 2021. Total assets under administration were £8.95bn at year-end, an increase of £533m. Revenues rose 14% to £27.8m (2020: £24.3m). Adjusted EBITDA (a measure of profitability) rose 31% to £6.7m. Novia Financial was acquired by private equity firm […]
PFS challenges FCA approach to British Steel compensation
The Personal Financial Society (PFS) has asked the Financial Conduct Authority (FCA) to reconsider its plans for assessing the amount of compensation owed to British Steel pension scheme (BSPS) members. It has asked the regulator to ditch plans to mandate lump sum compensation. The professional body said lump sum compensation does not address the central […]
Talking about inflation raises prices. Here’s how financial advisors can address the “I” word
How To Take More Vacation: An Advisor’s Guide To Balancing Work And Time Off
Taking time away from the office can have many benefits for advisors, from the personal (e.g., spending time with family and exploring new places) to the professional (e.g., resting and recharging to help prevent burnout). At the same time, being away from work (whether it is working fewer hours during the week or taking full […]
Standard Life cuts pension charges to appeal to advisers
Standard Life has reduced its personal pension charges for its AMPP and SIPP products as part of a series of upgrades designed to appeal to financial advisers. Most AMPP and SIPP personal pension clients are expected to see a 0.5% discount. The discounts apply immediately for both new and existing customers holding insured funds in […]
Pension transfer values fall to lowest since 2016
Average pension transfer values in May fell to £217,000, the lowest level seen since June 2016, as the number of transfers raising one or more warning flags rose to 83%. The fall of 7% over May for the XPS Pension Group Transfer Value Index was due to increases in gilt yields and a fall in […]