Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study has found that consumers are increasingly likely to spread their portfolios across a range of asset managers, and that this trend is particularly pronounced amongst more affluent clients (e.g., millionaires), suggesting that […]
Archives for August 2023
Morgan Stanley pursues former broker accused of trying to ‘guilt’ client into moving to UBS
James Tuminello argues in court documents that he only reached out to clients he formed with relationships before joining the large wirehouse.
FASB details its investor outreach efforts
FASB engaged in more than 435 investor interactions in the last year, and the feedback collected is helping fuel several high-priority projects.
Staffing a key challenge for Planner firm growth
The recruitment and retention of staff is one of the biggest challenges faced by expanding firms, according to Financial Planners. Lumin Wealth told Financial Planning Today that one of its biggest challenges has been the recruitment of advisers and Paraplanners. Progeny UK managing director Caroline Hawkesley said that recruitment remains a key focus for the […]
Inheritance race gap persists even among wealthier families
Advisors who want to close the racial wealth gap must encourage Black and Hispanic clients to have estate plans, a new research brief says.
How Outsourcing Your Restaurant’s Bookkeeping Can Save Time and Money
As a restaurant owner, your fortè is most likely not related in any way to bookkeeping. Additionally, employing someone is pricey and comes with other costs besides a salary. From health benefits to unemployment taxes, keeping a full-time in-house bookkeeper equals more than you want to spend.
5 tips to plan for unexpected challenges of caregiving
Caregiving will touch the lives of many wealth management clients, but its financial and emotional costs can overwhelm. Here’s how advisors can help.
WH Ireland shareholders back £5m rescue deal
WH Ireland shareholders have voted to back a £5m fund-raising move which will help stabilise finances at the troubled wealth manager and Financial Planner. Despite some opposition, all votes were carried at a general meeting held by the company yesterday. WH Ireland warned that it was in danger of being wound up if the deal did […]
Motivational Interviewing Techniques To Help Clients Talk Themselves Into Implementing Advice
Financial advisors create value for clients not only by giving good advice, but also by ensuring that the advice they give is actually implemented. After all, financial planning is worth a lot more to clients when they act on the advisor’s recommendations (and realize the projected outcomes), in contrast to the advisor simply handing clients […]
The importance of community football
When I moved back to Melbourne in 2017 after 15 years living overseas, I joined the Glen Eira football club as a volunteer because it’s a great way to meet people and it’s really rewarding. At the club we live by our motto which is “football for all”. We have wheelchair football, we have all […]