Archives for February 2023
Weekend Reading For Financial Planners (Feb 11-12)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that according to CFP Board leaders, “everything is on the table” when it comes to the organization’s announced competency standards review. Among others, one notable item that could be reviewed is the current certification requirement that […]
Editor’s Comment: A global movement making waves
Amid a sea of gloomy news – zero growth anyone? – it was cheering to see this week that global Financial Planner numbers are on the rise. The number of Certified Financial Planner (CFP) professionals has topped a record 213,000, with growth of 5% over the past 12 months. Growth has been particularly rapid in […]
FCA restricts IFA firm over client money concerns
The FCA has restricted Campbell & Associates Independent Financial Advice Ltd of Hants after concerns about £1.5m in client funds being potentially ‘misappropriated’. The restrictions prevent the firm (FRN 602550) from carrying out any regulated activities. The firm, based in West Wellow near Southampton, has also been restricted from accessing its assets due to FCA […]
DFM launches free Consumer Duty kit for advisers
Discretionary fund manager Copia Capital Management has launched a free online Consumer Duty Toolkit for adviser firms. The aim is to help advice firms comply with the new legislation and implement it in the “most effective manner possible”, the company said. The pack includes written guides, videos, templates and webinars, with additional material being […]
Public ‘scarlet letter’ awaits sketchy brokerages flagged by FINRA
How the hunger for alts creates hurdles, with Cliff Corso of Advisors Asset Management
FSCS declares 13 firms in default
The government-backed Financial Services Compensation Scheme (FSCS) has today declared 13 firms in default – most of them adviser businesses – opening the door to clients claiming compensation. Some of the firms have been involved in pension transfer advice, including BSPS cases. Many of the firms are financial advisers, wealth managers and a small number […]
Kitces & Carl Ep 105: When A Prospect Doesn’t Meet Your Minimum: Navigating The Awkwardness Gracefully
For many financial advisors, setting asset minimums helps ensure that their firm can generate enough revenue to maintain business costs and compensate the advisor appropriately. While finding prospective clients who are a good fit for the firm can be challenging, what can be even more challenging is letting a prospect who doesn’t meet the firm’s […]
How to Manage Cash Flow for Your Home Pet Business
The new book, ‘Start Your Own Pet Business,’ explains how to manage critter-based cash flow.