When financial advisors seek new clients, their outreach efforts can often lead to prospective clients approaching them because of a specific issue on their mind that they would like the advisor to address. In these instances, the advisor may start the discussion simply with the intention of better understanding the client’s problem. But sometimes, when […]
Archives for June 2022
Tech Survey 2022: How advisors are investing for the future
What does Santander see in the U.S. that other banks are missing?
1 in 10 Planners see clients postpone retirement
Over one in ten (12%) of financial Planners have seen clients postpone retirement due to the cost of living crisis. Almost half (42%) of Financial Planners surveyed by the Personal Finance Society (PFS) had seen clients reducing their spending. A further 37% had seen clients pull cash out of their savings to cope with increased […]
1 in 10 Planners see clients postpone retirement
Over one in ten (12%) of financial Planners have seen clients postpone retirement due to the cost of living crisis. Almost half (42%) of Financial Planners surveyed by the Personal Finance Society (PFS) had seen clients reducing their spending. A further 37% had seen clients pull cash out of their savings to cope with increased […]
Complying With PTE 2020-02 Under DoL’s New IRA Rollover Requirements
As of February 1, 2022, financial advisors who give advice to clients about whether to roll over 401(k) plan assets into an IRA are subject to a new set of regulations from the U.S. Department of Labor (DOL). Specifically, advisors who would receive increased compensation as a result of recommending a rollover (such as a […]
Complying With PTE 2020-02 Under DoL’s New IRA Rollover Requirements
As of February 1, 2022, financial advisors who give advice to clients about whether to roll over 401(k) plan assets into an IRA are subject to a new set of regulations from the U.S. Department of Labor (DOL). Specifically, advisors who would receive increased compensation as a result of recommending a rollover (such as a […]
Law firms join forces for Woodford group claim
Law firms Leigh Day and Harcus Parker have joined forces to submit a joint claim against Link Fund Solutions over its handling of the collapsed Woodford Equity Income Fund. Both law firms had previously begun separate court proceedings against Link. The law firms submitted an application for a Group Litigation Order against authorised corporate director […]
Kingswood completes acquisition of Lincolnshire IFA
Fast growing Financial Planning and wealth management firm Kingswood has completed its £421,000 acquisition of Lincolnshire-based IFA Vincent & Co. The acquisition was first announced in May. The deal has received regulatory approval and been completed. Kingswood paid £211,000 on completion, with the balance to be paid on a deferred basis. Kingswood currently has a […]
How Can Your Product-based Business Respond to Shifts in Consumer Spending (2022)?
Target’s slashing prices on inventory like appliances and televisions. Marriott’s hotel room demand for leisure travel is up 10% compared to 2019 bookings. What does this mean for consumer spending in 2022? It means that a great shift in consumer spending 2022—from goods to services—might be here. For product-based businesses, this change could lead to […]