Last year, we reached a significant milestone in our data journey when we built machine learning algorithms that worked to accurately predict your transactions’ contact and account codes. Whenever we invest in machine learning, our vision is always to give you more meaningful time back in your day, so we’re thrilled that this work in […]
Archives for October 2022
J.P. Morgan adds 792 financial advisors as megabank weathers inflation
Weekend Reading For Financial Planners (Oct 15-16)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Cost Of Living Adjustment (COLA) for Social Security beneficiaries will be 8.7% for 2023, the largest COLA since 1981. While this will help seniors keep pace with rising prices, it also creates tax planning […]
These are the fee-only RIAs with the most financial advisors
Editor’s Comment: Plus ça change, plus c’est la même chose
I’ve been away for a bit – have I missed anything? I suspect I have. The truth is I haven’t really been away, I’ve been working hard (honest) writing and editing for Financial Planning Today but this column has taken an extended summer break and has now returned. It’s good to be back. There’s so […]
Corporation Tax U-turn as Hunt is made Chancellor
Prime Minister Liz Truss has made a U-turn on a controversial decision to cut Corporation Tax following her appointment today of Jeremy Hunt as the new Chancellor to replace sacked Kwasi Kwarteng. In a press conference this afternoon, Ms Truss accepted that part of the mini-Budget announced by former Chancellor Kwasi Kwarteng had gone […]
Chancellor Kwasi Kwarteng out after 38 days
Chancellor Kwasi Kwarteng has quit his job after 38 days in charge of the nation’s finances after being asked to “stand aside” by Prime Minister Liz Truss. Former Health Secretary Jeremy Hunt MP has been appointed as Mr Kwarteng’s replacement. Mr Kwarteng met with Prime Minister Liz Truss today at no.10 to discuss his future. […]
FCA fines Shariah-based challenger bank £1.5m
The FCA has fined Gatehouse Bank, a Shariah-compliant challenger bank, £1.5m for poor anti-money laundering checks. The regulator reported today that it had fined Gatehouse Bank Plc £1,584,100 for “significant weakness” in its financial crime systems and controls. The bank failed to carry out sufficient money laundering checks on transactions from countries with a higher […]
Continuum assets up 9% despite tough market
Fast-growing national IFA firm Continuum, which has recruited heavily in recent years, has reported assets under influence up 9% year-on-year to £1.53bn. In its latest quarterly figures, the company – acquired by M&G Wealth in August – said the growth was pleasing against a difficult market backdrop. For the quarter ending 30 September Continuum reported: […]
Budd to step down as wellbeing institute chair
Chris Budd, the founder of the non-profit Institute for Financial Wellbeing, is to step down as chairman after three years. Experienced Financial Planner Ruth Sturkey, currently vice chair, will take over as chair. The group was founded in 2019 by Chris Budd, the founder of Financial Planning firm Ovation Finance, to promote and encourage wellbeing among […]