Archives for 2023
Instead Of Asking “Why”, Try “What Else” To Get Clients To Open Up About Goals
In meetings with current and prospective clients, asking follow-up questions can be a valuable tool for uncovering information about the client’s underlying values, goals, and motivations… and for deepening the personal connection that drives the advisor-client relationship. But while it’s one thing to know that it’s good to ask questions, it’s another thing to know […]
FCA will take “swift” action if Consumer Duty breached
The Financial Conduct Authority has warned regulated firms who ignore its upcoming Consumer Duty deadline to expect “swift action.” The regulator’s new Consumer Duty will come into force from 31 July and will introduce new requirements for firms to avoid “foreseeable” harm to consumers. In a speech at financial consultancy EY this morning, Sheldon Mills, FCA […]
Meet the new faces of Australia’s XPAC
Xero wouldn’t be where it is today without the support of our partner community, and that includes our Xero Partner Advisory Council (XPAC). That’s why we’re thrilled to announce our latest XPAC cohort for Australia. The XPAC team is a group of experts connecting Xero to the community and industry alike. They both challenge and […]
Budget recap – what was in it for small businesses?
Well, there we have it folks – the 2023-24 federal budget has now been dropped by the Labor government. We reached out to over 290 SMBs last week to unearth what they wanted to see included in the budget and deduce how they were feeling about a range of important issues. So, what came to […]
Advisors out in force against SEC’s custody rule proposal
Resilience During a Recession: Strategies for Business Survival
For months, the looming recession has been on everyone’s mind. In October 2022, 91% of CEOs said one would occur within the year. And in December 2022, Forbes found that large tech companies, banks, and manufacturers had laid off nearly 125,000 employees to prepare. With the March 2023 Silicon Valley Bank collapse, concerns of a […]
Business Update – 10 May 2023
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia to deliver first budget surplus in 15 years Australia is set to deliver its first budget surplus in 15 years, with a small surplus of around A$4 billion for the fiscal year […]
#FA Success Ep 332: Transitioning From (A Father’s) Commissions-Based Practice To Fee-Based Planning As A G2 Advisor, With Liz Hand
Welcome back to the 332nd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Liz Hand. Liz is the co-owner of Pleasant Wealth, a hybrid advisory firm based in Canton, Ohio that oversees $146 million in assets under management for 522 client households. What’s unique about Liz, though, is how she […]
Succession buys £170m AUM Edinburgh firm
Wealth manager and Financial Planner Succession Wealth – recently bought by Aviva for £385m – has acquired £170m AUA Edinburgh-based IFA Spence & Spence for an undisclosed sum. The deal is subject to regulatory approval. Spence & Spence was founded in 1994 and provides holistic financial advice to clients on pensions and retirement planning, investments, […]