For the past several decades, platforms for advisors have differentiated with the quality of their technology. The focus on ‘tech’ was a natural evolution for advisor platforms away from their roots – which was originally to differentiate by the quality of their proprietary product shelf, the primary means that brokerage firms and insurance companies attracted […]
Archives for March 2023
What is a balance sheet and how does it help me manage my finances?
You’ve likely heard the phrase “in the black.” Your balance sheet is the tool that shows you whether your business is indeed “in the black.” Your balance sheet includes a section for your assets (things you own or will receive that have value), your liabilities (what you owe to others) and equity (retained earnings […]
Interns can be a challenge. 5 tips for future financial planners and advisory firms
Shares in other banks with tech exposure plunge after SVB’s failure
Weekend Reading For Financial Planners (March 11-12)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that President Biden released his latest budget proposal this week, which calls for a range of tax increases on higher-income and wealthier taxpayers to fund deficit reduction and the president’s spending priorities. While the budget almost […]
Editor’s Comment: Cost of crime is going up
There was a stark reminder this week that the cost of economic crime is hitting everyone in the pocket and financial advisory firms will be no exception. The FCA confirmed this week that its new Economic Crime Levy will begin in July, with some regulated large firms facing bills of £250,000 a year. While financial […]
Pathstone to boost hiring amid expansion, rise in millionaires
Onshore bonds grow in popularity with advisers
Advisers are more frequently recommending onshore open-architecture bonds, annuities and more sophisticated investment products. According to data provider Defaqto’s newly published annual Investment Bond Service Review for 2023, there is a growing trend for advisers to recommend onshore bonds. The company said that this year has reinforced two emergent industry trends: firstly, that open architecture products […]
1.1m more to pay higher rate tax by 2027
Quilter has warned that more than 1.1m taxpayers could be dragged into higher rate tax bands by 2027. New data from HMRC has revealed that the number of higher rate taxpayers is rising rapidly and rose by 100,000 between the tax years 2019/2020 and 2020/2021. As a result 4m are now paying higher rate tax. […]
