Archives for April 2023
Weekend Reading For Financial Planners (April 15-16)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that on the heels of introducing its own self-clearing platform and acquiring fellow RIA custodian Shareholder Services Group, Altruist announced that it raised $112 million in a series D funding round, bringing its total funding to […]
Vanguard, T. Rowe Price, Schwab top 2023 J.D. Power DIY investor survey; Merrill Lynch and Wells Fargo remain at bottom
Editor’s Comment: Why better financial literacy adds up
The UK has an impressive 99% literacy rate, according to international studies. While this is worthy of praises I suspect the ‘financial literacy’ rate for the UK is just a fraction of this and the country is poorer as a result. We have a population which is, seemingly, routinely scammed, cannot work out 15% of 100 and […]
CISI’s new financial literacy charity moves forward
The CISI Future Foundation, a body set up by the CISI to improve financial literacy, has been granted charitable status and can begin considering grant applications. The body, set up last year, aims to boost financial literacy in the UK and will focus initially on working with young people from disadvantaged backgrounds. The foundation aims […]
2 board appointments for FCA
The Treasury has appointed experienced financial services executive Sophie Hutcherson to the FCS board and reappointed Bernadette Conroy for a second term. Mr Hutcherson is appointed as a non-executive director. She has 30 years’ experience in financial services and was a senior adviser to the CEO at Wells Fargo. She also held senior positions at […]
A sneak peek into what’s next for reports in Xero
Our team hit the ground running in 2023, introducing a number of exciting features to new reports that we know you’ve been waiting for — including the addition of foreign currency to new reports. Here are some of the highlights and a sneak peek into what’s coming next. Don’t forget, the older versions of our […]
Despite climate pledges, 6 largest U.S. banks lag on meeting emission-reduction goals, report shows
LV= replaces Columbia Threadneedle with BlackRock
Investment, protection and retirement provider LV= is to replace Columbia Threadneedle Investments with BlackRock as its primary asset manager. The funds that will move to BlackRock have been with Columbia Threadneedle for 12 years. The transition will be phased over the next 12 months, subject to regulatory approval. LV= said the move will help build […]
The future of automation in small businesses: predictions and trends
“Process automation for small businesses can support your team members, prevent burnout, and streamline internal processes to increase revenue and productivity,” says Catherine Schwartz, finance editor at Crediful. “Trends and predictions for 2023 will include RPA tool integration, hyperautomation, and process simulation.” All over the world, automation is rapidly adapting to the needs of banking, […]