CEO Scott Kirby said the Max 9 grounding after a door plug blew on an Alaska Airlines flight is the “straw that broke the camel’s back.”
Archives for January 2024
Number of FCA-regulated firms falls 7%
The number of active FCA-authorised firms dropped significantly to 75,213 over the last six months, a fall of 3.7% in that period, and down 7% over the year, with M&A activity driving consolidation. The number of Registered Individuals (RIs) also fell slightly suggesting a contraction in the industry over the last six to 12 months, according […]
#FA Success Ep 369: Breaking Through To New Growth By Changing Your Mindset Around Hiring (Complementary) Team Members, With Michelle Ogden
Welcome back to the 369th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Michelle Ogden. Michelle is the founder of Ogden Wealth, an RIA based in Maitland, Florida, that oversees $50M in assets under management for almost 120 client households. What’s unique about Michelle, though, is that after seeing the […]
Cash flow: what it is, how it works, and how to analyse it
Today, let’s dive into the financial lifeblood of your small business – cash flow! Poor cash flow is often cited as the biggest threat to a businesses’ stability and ability to trade, so understanding it is crucial to success. Sure, it might sound like accounting jargon, but trust me, understanding cash flow is like having […]
Secure 2.0 created emergency accounts. Will 401(k) plans use them?
The IRS and Labor Department issued guidance on the new savings vehicles, but financial advisors and other wealth management professionals have questions.
What Are the Differences Between In-House Audits and External Audits?
The word audit can be enough to elicit worry and consternation from business owners and employees alike. For most people, having their work double- and triple-checked by someone else is nerve-wracking. Not many people relish the idea of someone else looking over every detail of their work, poking and prodding for mistakes. Of course, the […]
What High-Net-Worth Prospects (Really) Want From A Financial Advisor
In the early days of wealth management, a financial advisor’s value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g., selling and trading) or on sales-oriented advice that centered on implementing insurance products. As the industry has evolved, though, the value offered by financial advisors, especially for High-Net-Worth (HNW) […]
The industry’s opportunity to work with new Black and Hispanic investors
The GameStop saga is long over, but the retail investors who drove it could turn into long-term clients if wealth management firms adapt to changing times.
Morgan Stanley’s Gorman tops JPM’s Dimon for 2023 pay
The former Morgan Stanley CEO got a 17% bump in his final year at the helm.
Citizens’ new private bank targets $10B in assets by 2025
The bank is betting on attracting high net worth clients in the wake of last year’s turmoil.