Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Securities and Exchange Commission (SEC) has received significant pushback from investment adviser and financial industry trade groups to the regulator’s recent proposal that would establish formalized due diligence and monitoring obligations for investment advisers […]
Archives for 2023
Editor’s Comment: An unseemly family bust-up
Sometimes close family members fall out – just ask Princes Harry and William. Don’t worry I’m not going to dwell on the Royal bust-up but there are considerable parallels with the dispute between the Chartered Insurance Institute and the Personal Financial Society which has made the trade press headlines, including our own, over the […]
Editor’s Comment: An unseemly family bust-up
Sometimes close family members fall out – just ask Princes Harry and William. Don’t worry I’m not going to dwell on the Royal bust-up but there are considerable parallels with the dispute between the Chartered Insurance Institute and the Personal Financial Society which has made the trade press headlines, including our own, over the […]
IWP hunts for new chair as founder steps down
Independent Wealth Planners (IWP), the acquisitive Financial Planning firm, has begun the search for a new chair after founder and chair David Inglesfield unexpectedly stepped down at the end of December. Mr Inglesfield helped to set up the firm, which has grown rapidly through acquisition, in 2019. Since 2019 IWP has acquired more than 30 […]
Skerritts buys £62m AUM Kent Financial Planner
Brighton and Hove-based wealth manager Skerritts Group has acquired £62m AUM Kent Financial Planner Equinox Wealth. The deal, for an undisclosed sum, adds to Skerrits four acquisitions in 2022. Skerritts said the acquisition of Equinox would help extend its presence in Kent and boost its plans to reach more of the South Coast. Skerrits acquisition strategy […]
Nucleus to buy Curtis Banks for £242m
Platform firm Nucleus is set to buy SIPP and SSAS provider Curtis Banks for £242m in an agreed cash offer. Nucleus will pay 350 pence for each Curtis Banks share, a 32% premium to the Curtis Banks share price on 24 November. Curtis Banks directors have recommended the all-cash deal to shareholders. Curtis Banks is one […]
Nucleus to buy Curtis Banks for £242m
Platform firm Nucleus is set to buy SIPP and SSAS provider Curtis Banks for £242m in an agreed cash offer. Nucleus will pay 350 pence for each Curtis Banks share, a 32% premium to the Curtis Banks share price on 24 November. Curtis Banks directors have recommended the all-cash deal to shareholders. Curtis Banks is one […]
CII ‘sadness’ over PFS President’s resignation
CII group chair Helen Phillips has expressed “sadness” over the decision yesterday by PFS President Caroline Stuart to resign but has insisted that the CII will pursue its aim of taking control of the PFS board. Ms Phillips said the CII’s accusations of PFS governance failings as the reason for intervention were based on facts. […]
