The publication of 24 LIBOR settings has ended with a change in methodology coming into force for the six remaining Euro and Swiss Franc settings. The benchmark rate was widely used in banking and financial markets, including the mortgage market. It was also used in interest rate derivatives, bonds and securitisations, loans and other products. […]
Archives for 2022
Mattioli Woods client assets pass £15bn
Client assets at wealth manager and SIPP provider Mattioli Woods rose 42% to £15.1bn over the six months ending 30 November 2021. Gross discretionary assets under management rose 55% over the half to £5.1bn. The wealth manager and SIPP provider released a trading update in advance of its interim results which are to be announced […]
Credit Card Rewards Strategies: How To Maximize Benefits And Add Client Value
Credit cards are ubiquitous in the United States, and financial advisory clients are likely to have at least one in their wallet. And while many consumers may know about the rewards they earn on the credit cards they hold, they might not be aware of the opportunities that maximizing their rewards could offer. In fact, […]
Kingswood pays £500,000 to director-owned firms
The parent company of wealth management and Financial Planning firm Kingswood spent over £500,000 with companies owned by its directors in 2018/19. Kingswood Holdings released information on related party transactions on New Years Eve. The firm entered into a number of transactions with Moor Park Capital Partners LLP, Kingswood LLP and KPI (Nominees) Ltd in […]
Why avoiding your bookkeeping is a bad idea
If you ask 100 business owners what they like least about running a business, chances are good that bookkeeping will rank high on the list. It’s an annoying and frustrating chore that takes up a lot of time and is easy to put off until tomorrow. Avoiding your bookkeeping is a bad idea, and we’re […]
Woodford directors paid £510k by failed fund manager
The two remaining directors of Woodford Investment Management received a total of £510,250 in salaries for the year ended 31 March 2021. Neil Woodford and Craig Newman kept drawing the salaries despite having no money to manage. According to Woodford Investment Management’s end of year accounts the two also incurred social security costs of £119,204 […]
Your Guide to GAAP: Generally Accepted Accounting Principles
When it comes to accounting, you must follow certain rules for recordkeeping or tax reporting. Otherwise, you may wind up making mistakes and costing your company money—and nobody wants that. Many businesses must follow a set of accounting guidelines called GAAP. But, what is GAAP exactly? And, how do you know if you have to […]
Higher earners may owe more to Uncle Sam for 2022, even without tax increases
#FA Success Ep 262: Asking More Questions In The Discovery Process To Deepen Client Relationships, With Melanie Milam
Welcome back to the 262nd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Melanie Milam. Melanie is the founder of Gateway Financial Partners, a hybrid financial advisory firm based in Midland, Texas, that oversees $150 million of assets for 110 client households. What’s unique about Melanie, though, is her approach […]
Kingswood completes “milestone” asset manager acquisition
Fast-growing wealth manager and Financial Planner Kingswood has completed the acquisition of asset manager and IFA the IBOSS Group less than two months after announcing the deal. Kingswood has hailed the deal as a “milestone” acquisition for the firm. It completed the acquisition of Metnor Holdings, the holding company for IBOSS Asset Management (IBOSS) and […]