From new certifications to better health, here are the goals wealth managers have set for themselves this year.
Archives for December 2023
Year in magazines — download and read every 2023 issue of Financial Planning
Explore the last year in Financial Planning magazines. Read each article, or download a digital version.
Weekend Reading For Financial Planners (December 30-31)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the S&P 500 index is on pace to return around 24% in 2023, defying expectations that investors had early this year for weak growth and high volatility – which underscores both the unpredictability of markets […]
These wealth management stories won big awards for FP reporters in 2023
From the rise of ChatGPT to ESG hypocrisy and in-depth reporting on DEI issues in wealth management, these are the stories that garnered awards for FP reporters in 2023.
Vanguard opens office in Manchester
Major US-owned fund manager Vanguard, one of the world’s largest investment firms, has opened a new office in Manchester. The new 14,000 square foot base is in the Barings’ Landmark office building in central Manchester. Greater Manchester Mayor Andy Burnham opened the new office recently. It is Vanguard’s first UK office outside London. Vanguard […]
24 new Premium Bond millionaires created in 2023
Premium Bonds have created 24 new prize-winning millionaires in 2023. There were 64m Premium Bond prizes drawn in 2023 and total prize money paid out to all bond winners topped £4.6bn, according to government-backed savings provider NS&I. The bonds pay no interest but offer a number of prizes each month in lieu of interest. The […]
FCA CEO Rathi hails year of regulatory action
FCA CEO Nikhil Rathi has hailed the new Consumer Duty as a “game changer” and has said regulatory action this year has been unprecedented. In an end of year message, Mr Rathi said that the FCA would be “unwavering” in its implementation of the Consumer Duty. He cited key regulatory actions this year as including: […]
Biden administration’s Medicare drug price negotiations will face major tests in 2024
Next year could set the precedent for the Inflation Reduction Act’s controversial talks, which could affect dozens of medications by the end of the decade.
Kitces & Carl Ep 128: Noticing What You Spend Money On That’s Actually An Investment
Throughout history, there has been an age-old question of the difference between an investment and an expense. Society often views expenses as a permanent fixture in life, suggesting that there is no path away from their burden. But what if there was an alternative path? What if there was a way to shift our financial […]
AI will be a mixed blessing, say advisers
Financial advisers believe Artificial Intelligence (AI) technology will improve client servicing but could also potentially threaten the jobs done by human advisers. A study of 267 UK financial advisers by research firm CoreData found that 32% believe AI will “revolutionise” the advice sector. This increases to four in 10 (40%) advisers focused on high net worth […]