Welcome back to the 376th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Eric Simonson. Eric is the Founder & CEO of Abundo Wealth, an Advice-Only RIA based in Minneapolis, Minnesota, that oversees $600M in assets under advisement for 420 client households. What’s unique about Eric, though, is that Abundo […]
Archives for March 2024
10 Tax Law Changes You Need to Know to Save Your Business Thousands of Dollars
Now that the new year is here, it’s time to look at 2023 taxes for your business. If you weren’t watching closely, there are a few new wrinkles for the 2023 tax year that you should be aware of, whether you’re doing your taxes yourself or working with a tax professional.
Huddersfield firm fined £900k over BSPS failings
The FCA has fined Huddersfield-based Inspirational Financial Management Ltd (FRN 223511) £897,840 saying it poorly advised people to transfer out of DB pension schemes, including the British Steel Pension Scheme (BSPS). Meanwhile Arthur Cobill, an adviser at IFM, which is in administration, and William Hofstetter, one of its directors, have been banned by the FCA. […]
How Advisors Can Get Client Referrals By Identifying “Active Promoters”
Referrals can play a vital role in the growth of financial advisory firms since finding prospective clients via referral requires virtually no hard-dollar costs, and it takes only a fraction of the time needed for other marketing channels like social media, blogging, and seminars. However, finding reliable sources of referrals can sometimes be challenging for […]
UK mobile app, Xero Go, to be retired
Over a year ago, we launched an early version of Xero Go to see how a purpose built app could help cater for the entry-level accounting needs of the self-employed in the UK. We have spent the last year testing and refining Xero Go and after completing a careful review to understand the future of […]
Single woman seeks wealth management: How to advise independent female clients
Single women are poised to gain trillions of dollars in wealth by the end of the decade. Here’s what financial advisors need to know about working with them.
Ex-Wells advisors’ suit describes pressure to ‘cross-sell’ bank products
A pair of former wealth managers contend they were yelled at and suffered other retribution after raising concerns about sharing clients’ information without their knowledge.
Weekend Reading For Financial Planners (March 9-10)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that RIA clients of an insurance broker providing Errors & Omissions (E&O) coverage saw a 213% increase in claims paid in 2023, attributed to significant jumps in suitability claims (likely stemming from the 2022 market downturn) […]
Editor’s Comment: A ‘smoke and mirrors Budget?’…maybe
Don’t reach for your hankies just yet, but I’m beginning to feel a touch of sympathy for our much-lambasted Chancellor Jeremy Hunt. In virtually every media interview I’ve listened to this week since his Budget he’s been hammered. Spring must be the season for ‘Chancellor bashing.’ Many planners have seen it as a ‘smoke and […]
Craven Street absorbs Punter Southall Financial Planning arm
Chartered Financial Planner Craven Street Wealth has completed its acquisition of Punter Southall Aspire’s Financial Planning division which was announced in January. The deal increases AUM for Craven Street by over £600m to £1.85bn. The two firms are underpinned by a longstanding relationship between Craven Street Group and pensions and advice firm Punter Southall Group. […]