As we grapple with rising inflation and cost of living pressures, Xero’s State of the industry report shows that many advisors (43 percent) anticipate some of their clients will be at risk of closing in the year ahead. For Dace Harris, RSM Australia’s National Head of Business Advisory, the looming threat of recession sees him […]
Archives for 2023
Edward Jones profits fall sharply but firm loses fewer financial advisors
Skerritts buys £73m AUM Sussex Planner
Expanding South Coast-based wealth manager and adviser firm Skerritts Group has acquired Horsham-based Financial Planner Mercier Allen & Associates. Chartered Financial Planning firm Skerritts says the deal, for an undisclosed sum, will boost its expansion plans in the South where it has acquired many firms in recent years. The purchase of Mercier Allen and Associates […]
The Future Of Advisor Platforms: Reducing Overhead Costs With Services (Not Technology)
For the past several decades, platforms for advisors have differentiated with the quality of their technology. The focus on ‘tech’ was a natural evolution for advisor platforms away from their roots – which was originally to differentiate by the quality of their proprietary product shelf, the primary means that brokerage firms and insurance companies attracted […]
What is a balance sheet and how does it help me manage my finances?
You’ve likely heard the phrase “in the black.” Your balance sheet is the tool that shows you whether your business is indeed “in the black.” Your balance sheet includes a section for your assets (things you own or will receive that have value), your liabilities (what you owe to others) and equity (retained earnings […]
Interns can be a challenge. 5 tips for future financial planners and advisory firms
Shares in other banks with tech exposure plunge after SVB’s failure
Weekend Reading For Financial Planners (March 11-12)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that President Biden released his latest budget proposal this week, which calls for a range of tax increases on higher-income and wealthier taxpayers to fund deficit reduction and the president’s spending priorities. While the budget almost […]
Editor’s Comment: Cost of crime is going up
There was a stark reminder this week that the cost of economic crime is hitting everyone in the pocket and financial advisory firms will be no exception. The FCA confirmed this week that its new Economic Crime Levy will begin in July, with some regulated large firms facing bills of £250,000 a year. While financial […]
