Almost nine in ten (87%) advisers have built a relationship with their clients’ children or grandchildren, according to a new report from Abrdn. Just over a quarter of the advisers (29%) surveyed by the fund manager said that they have relationships with more than one family member for more than half of their client base […]
Archives for February 2023
SimplyBiz adds PMI service for advisers
Adviser support network SimplyBiz has partnered with Usay Compare to offer a private medical insurance (PMI) referral service to its members. The partnership will offer advisers a PMI referral route for complex cases and more general PMI cover for advisers who do not offer PMI as a core business area. Advisers will also have access […]
The worst-performing fixed-income ETFs of the past 10 years
How to start a retail store in Australia
There are any ways to operate a business in Australia, and retail is certainly a popular choice. In fact, according to the Productivity Commission, “There are almost 140 000 retail businesses in Australia, accounting for 4.1 per cent of GDP and 10.7 per cent of employment.” If you’re thinking about opening your own retail store […]
Scots Planner enters default following court loss
The Financial Services Compensation Scheme has declared Scottish Financial Planner Alexander Sloan (FRN: 190674) in default. The move opens the door for clients of the Financial Planning firm to seek compensation. The default comes a year after the Glasgow-based firm lost a court case for unfair dismissal and ordered to pay £140,000 to a former […]
Costly cuts? How the Wells Fargo regional shakeup could affect recruitment and retention
Five tech trends for small businesses to watch in 2023
Technology advancements are continuously reshaping not only the way we work, but fundamentally how we operate across nearly every industry. With new innovations unlocked almost daily — each with a unique promise to transform how we do business — how do busy small businesses and their advisors separate the fad from the fancy? We’ve been […]
Five steps to a seamless payroll year end
It’s that time of year again. As summer winds to a close, the days will start getting shorter as the workload ramps up. For those working in payroll, that can only mean one thing: year end is approaching. There are four key changes in New Zealand payroll calculations for the new financial year: Adult minimum […]
I was a big bank diversity hire. It didn’t go well.
The HSA ‘Deathbed Drawdown’: Making Tax-Efficient Distributions Of Large Balances (When There Isn’t Much Time)
Health Savings Accounts (HSAs) feature useful tax advantages that make them a popular savings vehicle. In addition to allowing for tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses (the so-called ‘triple tax benefit’), HSA funds can be invested and allowed to grow for the long term – which has led many people […]