Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the SEC this week fined 4 RIAs for violations of its marketing rule related to their claims that they offered ‘conflict-free’ financial advice. Which means that while many fee-only RIAs use the reduced conflicts that […]
Archives for September 2024
Wells Fargo’s $3M fine shows ‘churning’ is alive and well
A FINRA settlement accuses the firm of failing to supervise a broker who recommended frequent purchases and then resales of various investment products.
Londoners among least likely to take retirement advice
Londoners are among the least likely people in the UK to seek retirement planning financial advice with just 9% stating that financial advisers have been their main source of retirement advice compared to 18% in Scotland.
Reckon Community spotlight: what’s new at Reckon
Ever had a question about Reckon? Chances are Rav Singh has an answer for you. Rav moderates the Reckon Community, a forum where members can discuss and discover all things Reckon. This week, we sat down with him to get the inside scoop on what makes the Reckon Community tick. This interview has been edited […]
BlackRock to offer retail investors ‘one-stop’ access to private markets
The offering comes amid a slowdown in large insitutional investors’ funding of private credit and equity.
FE Fundinfo acquires product selection tool provider
Fintech and data firm FE Fundinfo has acquired adviser platform and product selection tool provider AdviserAsset.
Why a Goldman ESG stock picker is so high on a coal company
The recommendation relies on the “circular economy.”
CISI awards Chartered status to Dubai firm
The Chartered Institute for Securities & Investment (CISI), the professional body which provides the Certified Financial Planner designation in the UK, has awarded CISI Chartered Firm status to wealth manager AHR Dubai.
New RMD Rules For Spousal Beneficiaries Of Retirement Accounts With SECURE 2.0’s “Spousal Election” Option
Among all the different types of retirement account beneficiaries, those who are the surviving spouse of the original account owner receive the most preferential tax treatment when it comes to distributing the account’s assets after the owner’s death. While non-spouse beneficiaries face strict timelines – either starting Required Minimum Distributions (RMDs) the year after the […]
Missing super contributions: what small business owners need to know
Over the last decade, over $41 billion dollars of superannuation payments have gone unpaid. Australian workers rely on their super to enjoy retirement and be financially independent, so businesses across Australia are legally obligated to provide super guarantees for their employees; it is part of the trust between workers and business owners. So, what’s gone […]