Platform engine GBST has relaunched its Composer wealth platform and rebranded to signal a new direction for the business following an aborted attempt to take over the company. GBST was sold by rival FNZ at the end of 2021 to a private equity firm after the Competition and Markets Authority (CMA) blocked FNZ’s acquisition of GBST. […]
Archives for March 2023
Budget: Guarded welcome from the profession
Today’s Budget brought a generally positive reaction from Financial Planners and industry professionals, especially on pensions, but there was disappointment that many reforms would only help a minority of people. Gavin Jones, Chartered Financial Planner at Old Mill, said generally the Budget was positive for pensions but many hoped for reforms were missing. He said: “The […]
Morgan Stanley to launch first custom OpenAI product with GPT-4 for advisors
Cyber Threats To Client Wealth And Well-Being: Why And How Wealth Managers Will Soon Play A Key Role In Managing These Risks
Risk management is a key part of many financial advisors’ value propositions. For instance, ensuring clients maintain the proper insurance coverage based on their needs is an important part of the financial planning process. At the same time, clients face another class of risks that advisors often do not consider: cyber. In this article, guest […]
SVB exposes ‘lazy’ ESG funds as hundreds bought into doomed bank
#FA Success Ep 324: Managing Revenue And Income Volatility Through The Scaling Phase Of Growth, With Nancy Knous
Welcome back to the 324th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Nancy Knous. Nancy is the CEO and Founder for Benchmark Wealth Management, an independent RIA affiliated with LPL Financial based in Memphis, Tennessee, that oversees nearly $340 million in assets under management for almost 1000 client households. […]
Early retiree numbers fall by 7% in six months
The number of early retirees fell to 1.1m in the period November to January – down 7% in six months. Latest employment data released today by the government reveals that the number of people aged 16-64 who say they are retired has declined in the past six months, with 90,000 rejoining the workforce. The […]
The national practice prepared for economic uncertainty
As we grapple with rising inflation and cost of living pressures, Xero’s State of the industry report shows that many advisors (43 percent) anticipate some of their clients will be at risk of closing in the year ahead. For Dace Harris, RSM Australia’s National Head of Business Advisory, the looming threat of recession sees him […]
Edward Jones profits fall sharply but firm loses fewer financial advisors
Skerritts buys £73m AUM Sussex Planner
Expanding South Coast-based wealth manager and adviser firm Skerritts Group has acquired Horsham-based Financial Planner Mercier Allen & Associates. Chartered Financial Planning firm Skerritts says the deal, for an undisclosed sum, will boost its expansion plans in the South where it has acquired many firms in recent years. The purchase of Mercier Allen and Associates […]