Archives for May 2023
Weekend Reading For Financial Planners (May 20-21)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news of a recent survey indicating that investors overwhelmingly believe that Artificial Intelligence (AI) will help financial advisors better serve their clients and would like to work with an advisor who leverages AI tools. And despite some […]
Editor’s Comment: Is the regulated sector shrinking?
We are often told that financial services is a boom sector and in many ways it is, employing over 1m people and bubbling with innovation and enterprise, but does all this activity mask the fact that in one key measure the sector is actually shrinking? Our story we covered this week about the number […]
FCA halts BSPS adviser from making £50 redress offers
The FCA has imposed restrictions on a financial adviser firm based in South Wales to prevent it from making unsolicited offers of £50 in redress to BSPS members. The watchdog says it is the third time it has acted against firms making unsolicited offers of redress. The FCA says it is taking action against David […]
A Beginner’s Guide to a Cash Flow Forecast
Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your […]
Income Lab launches advisor tool to test clients’ retirement confidence: Wealthtech Weekly
FCA secures £130k payout to UCIS investors
The FCA has secured two orders to return over £130,000 to investors in two unauthorised collective investment schemes. The orders relate to a UCIS operated by Synergy Land Group Limited and a separate CFD operation through 24HR Trading Academy Ltd. Investors in the UCIS established and operated by Synergy Land Group Limited between the end […]
Kitces & Carl Ep 112: When You No Longer Want To Be A Manager And Have To Let An Associate Advisor Go
As a solo advisory firm owner grows their practice, they may reach capacity constraints that prompt them to hire an additional employee. While this can be a logical step in scaling their firm, some advisory firm owners may not anticipate the managerial challenges that come with hiring additional staff. And even though some firm owners […]
Your comprehensive guide to preparing for the retirement of old reports
There’s now a little over two months to go before old reports in Xero are retired. Over the past year, we’ve been encouraging you to make the switch, with lots of education, support and advice from other small business owners and their advisors. If you’ve waited until now to start using new reports, you’ll have […]
Return on assets: how to calculate total profitability
Yauhen Zaremba, Director of Demand Generation tell us, “Put simply, a higher ROI indicates you are productively managing your balance sheet and generating profit. A higher ROI also indicates that your business requires minimal investment for maximum profit. However, it’s important to keep in mind that it shouldn’t be the only metric you measure for […]