Even amid high inflation and an uneven stock market, millions of Americans still strive for FIRE — “financial independence, retire early.” But to keep the dream alive, they’ve had to change it.
Archives for August 2023
5 tips to help advisory firms keep off-channel communications compliant
SEC crackdowns on off-channel communications are costing firms millions. Here’s how to avoid being caught up in the next enforcement sweep.
Wells Fargo-SEC settlement on advisory fees underscores M&A challenges
The company is paying $75 million in penalties and restitution in connection with SEC allegations that its investment advisory arm overcharged customers it inherited in its Wachovia acquisition in 2008. The settlement is said to show the importance of conducting extensive compliance checks in a rapidly consolidating industry.
Weekend Reading For Financial Planners (August 26-27)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent CFP Board survey indicates that consumers do not expect AI tools to replace human financial advisors, but rather supplement advisors’ work. Further, 87% of respondents said they would trust advice from human advisors, […]
Open Now: Win £50 to spend at M&S in our survey prize draw
Our 2023 Financial Planning Profession Survey is now open and we want you to share your views. The survey gives Financial Planners, Paraplanners and Wealth Managers a unique chance to voice their opinions about the profession and tell us how their firms are faring. As a thank you for completing the survey we are offering entry […]
Editor’s Comment: Time for a break, no seriously…
As the Bank Holiday nears (at least officially in England, Wales and Northern Ireland), I was intrigued by a story we ran this week revealing that financial services and insurance workers are taking 5% fewer days holiday than they are entitled to. This unexpected ‘sacrifice’ over the past few years has occurred at the same […]
Tax pros give mixed reviews to wait times, service on PPS line
Wait times increased about the same time as the IRS ended program that thwarted line-jumping services, say tax practitioners, who also questioned the training of new hires.
Verve Foundation launches new adviser ‘incubator’ initiative
Verve Foundation, the not-for-profit organisation looking to bring new blood into the profession and help advisers to grow, is to launch a second tranche of its ‘Adviser Incubator’ initiative following the success of the pilot programme. The Foundation says that applications are open from today for the next cohort. The Incubator initiative aims to support […]
RBC saw profits grow in Q3 but warns of job cuts
The Canadian firm saw an 8% jump in its net income, but CEO Dave McKay foresees a “softer economic outlook” next quarter.
Accounting firm adds new partner – Daily Herald
Accounting firm adds new partner Daily Herald