The FSCS’s estimated costs in paying exit charges to allow trapped Hartley Pensions clients to transfer their money elsewhere has risen by £2m to £38m and could rise further. Yesterday, the FSCS agreed to declare the SIPP and SSAS provider in default, opening the way to it meeting the cost of exit charges. The move […]
Archives for February 2024
Kitces & Carl Ep 132: What Drives Real Advisor Marketing Success: Vanity Metrics Vs Engaged Prospects
At the end of each calendar year, social media platforms compile a wrap-up of each user’s metrics, showing a theoretical reach for every account’s best-performing piece of created media content and highlighting the “Best Of The Best” on the web, while revealing social media ‘superstars’ who have millions of impressions and followers. But how much […]
Hartley Pensions enters default as £36m in claims loom
The Financial Services Compensation Scheme (FSCS) has declared SIPP and SSAS provider Hartley Pensions in default. The compensation body said it had placed Hartley in default in order to be able to pay compensation to ex-clients for exit charges. In January the body confirmed that it will pay the exit and administration charge (EAC) that […]
Waging war against the status quo with Dimensional Fund Advisors
Catherine Williams and Daron K. Roberts spoke with Financial Planning about building leadership skills and making time for self care.
Abrdn launches Money Market MPS
Investment provider Abrdn has launched a new MPS product, the Abrdn Money Market MPS, to meet client for a low risk MPS alternative to cash products. The Money Market MPS will aim to deliver a return closely aligned to the Bank of England base rate, the firm says. The Bank of England base rate is […]
Do You Need a Business Tax Attorney? (When to Hire One)
There might come a time when you need to hire a business tax attorney. An experienced business tax attorney can help you structure your company, dispute legal challenges involving taxes, and more. Do you need to hire a tax lawyer for your business? Learn what tax attorneys do, when hiring one makes sense, and more. […]
FinCEN’s New 2024 Requirement For State-Registered RIAs (And Other Small Businesses) To Report Beneficial Ownership Information (BOI)
In 2021, Congress passed the Corporate Transparency Act, which, for the first time, required small business entities such as LLCs and corporations to report identifying information on their “beneficial owners” (i.e., those who own at least 25% of, or who otherwise exercise substantial control over the business). The law’s provisions became effective on January 1, […]
What the industry can learn from ‘finfluencers’
The CFA Institute analyzed 110 videos and other social media posts. Here’s what financial advisors and other investment professionals should know.
#FA Success Ep 373: Transitioning To Launch A New RIA By Taking On Passive Investors For Startup Capital, With Ben Hockema
Welcome back to the 373rd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Ben Hockema. Ben is the Founder of Illuminate Wealth Management, an RIA based in Barrington, Illinois that oversees $100M in assets under management for 55 client households. What’s unique about Ben, though, is that he spent 13 […]
CEO Sam Allert breaks down Reckon’s 2023 full year results
Article by Sam Allert, Reckon CEO. Reckon is proud to announce its full year results for 2023, with the company displaying robust growth across the board and a consistent commitment to key areas of development. The Business Group continues to generate strong cashflow through products like Reckon One and Reckon Payroll, alongside strong performances from […]