Despite major pushback on various proposed regulations, the chair said he is focused on “getting it right.”
Archives for February 2024
Virgin Money buys out Abrdn JV for £20m
Virgin Money is to buy Abrdn’s 50% stake in their joint venture called Virgin Money Investments. Following the deal Abrdn will continue to provide investment advice for Virgin Money Investments, allowing both firms to utilise their strengths, according to Virgin Money. The joint venture between Virgin Money and Abrdn was launched in 2019. It includes […]
A Proposed Salesperson’s Exemption To The DoL’s Retirement Security Rule?
When an investor is seeking to work with a financial professional, there’s a substantial difference in expectations about the nature of the relationship when the professional being consulted is an advisor versus when they’re a salesperson. In hiring an advisor, the investor is presumably seeking to put their trust and confidence in someone with their […]
Compliance experts look to AI, tech to help with WhatsApp violations
With so many compliance systems on the market, regulators are likely to look askance at firms that don’t embrace them.
Biogen revenue and profit shrink on Aduhelm costs, slumping sales of multiple sclerosis therapies
The results come amid the rollout of Biogen and Eisai’s Leqembi, the first drug found to slow the progression of Alzheimer’s to win FDA approval.
#FA Success Ep 372: Quadrupling Revenue By Restructuring Your Business Model To Reflect Your Entire Value To Clients, With Melody Townsend
Welcome back to the 372nd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Melody Townsend. Melody is the president of Townsend Financial Planning, an RIA based in Lexington, KY, that oversees $112 million in assets under management for 160 client households. What’s unique about Melody, though, is how after her […]
Leaving Stifel, Alex David to boost Raymond James independent channel
The move brings the 28-year industry veteran from a firm where independent planners make up less than 5% of the advisory headcount to one where they are the majority.
Ascend Expands with New Partnerships and Texas Growth – Inside Public Accounting – INSIDE Public Accounting
Ascend Expands with New Partnerships and Texas Growth – Inside Public Accounting INSIDE Public Accounting
PFS calls for better adviser ESG knowledge
The Personal Finance Society (PFS) has urged Financial Planning and advice firms to improve their knowledge and awareness of ESG and sustainable financial advice. In a new report published today, the PFS said there were inconsistent approaches or levels of confidence in ESG advice. The report, ‘Sustainable Finance: Knowledge Gap’, examined the sector’s approach to, […]
The Importance Of Employee Appreciation (Going Beyond Just Recognition) For Advisory Team Satisfaction And Retention
While there is a plethora of ways that financial advisory firm owners can build and run their practices (from service models to specialties to fee structures and beyond), one of the most complex activities shared by many growing firms are those that involve hiring, training, managing, and retaining employees. And with the increasing shift to […]