Archives for 2023
Providing Mortgage Advice In A Higher Interest-Rate Environment: Opportunities For Advisors To Add Value
Leading up to 2022, financial advisors and their clients had grown accustomed to a relatively low mortgage rate environment. In fact, until earlier this year, the average 30-year fixed mortgage rate had stayed below 5% since 2010 (and below 7% since 2001). But as the Federal Reserve has sought to raise interest rates this year […]
3 firms declared as failed by FSCS
Three financial firms, including a Financial Planning firm, have been declared as failed since the start of the year by the Financial Services Compensation Scheme. The three firms include Nurture Financial Planning of Norwich, Midhurst Asset Management Limited and Cadogan Asset Management Limited. Norwich-based Nurture Financial Planning Limited (FRN 496332) has three claims in progress […]
The importance of collecting mentors
The idea of mentorship is hardly a novel one – it’s been the primary way people have been passing down knowledge for Millenia. Some of you may have a few mentors already. You may not even think such people as being ‘mentors’ as such. Many more of you will think you don’t need one – […]
Half of America stopped saving for retirement last year amid soaring inflation
#FA Success Ep 315: Learning Business Development By Consistently Being Seen Where Your Ideal Clients Are, With Lisa Brown
Welcome back to the 315th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Lisa Brown. Lisa is a Partner and Wealth Advisor for CI Brightworth, an RIA under the CI Financial umbrella with offices in Atlanta, Georgia, and Charlotte, North Carolina, that oversees nearly $5 billion in assets under management* […]
Progeny gains Corporate Chartered status
Financial Planning and wealth management firm Progeny Wealth has been awarded Chartered firm status by the Chartered Insurance Institute. Around 15% of UK financial advice firms currently hold corporate Chartered Financial Planner status from the Chartered Insurance Institute / Personal Finance Society. Progeny said that Chartered status demonstrates that the firm puts customers’ interests first, […]
$5.7B RIA gets new private equity backer as Emigrant exits
How This New Accounting Feature Can Save Businesses From Fraud and Financial Mishap
Reconciliation has been a pain point for small businesses for a long time, but new technologies now enable payments companies like banks to automate the reconciliation process. The small business banking market in North America still leaves much to be desired, leaving room for innovative banks to differentiate themselves from competitors.
What Makes Financial Advisors Happier: More Time Or More Money?
While it may be easy to assume that having more money would make a person happier by opening consumption opportunities unavailable to those with less income, experienced advisors can likely identify many examples of high-income individuals who are unhappy with their lives. To provide a more holistic view, researchers have sought to assess whether increased […]