Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious activity to Treasury’s Financial Crimes Enforcement Network, […]
Archives for September 2024
FCA bans 4 over ‘reckless’ pension transfer advice
The FCA has banned four financial advisers, three provisionally, over “reckless” pension transfer advice which has so far cost £13.4m in compensation payments.
£5.4bn takeover of Hargreaves Lansdown moves closer
The acquisition of platform provider Hargreaves Lansdown by a private equity-led consortium has moved a step closer today as the scheme of arrangement was officially confirmed.
Just 1 in 10 crypto applications approved
Only just over 1 in 10 (13%) of cryptoasset authorisation applications were approved by the FCA in 2023-24, according to the regulator’s annual report.
What is the Right to Disconnect? What small businesses need to know
The Right to Disconnect law has passed in Australia and is now in effect for larger businesses, but employers are still trying to understand what type of after-hours contact is considered reasonable or unreasonable. So, if you run a small business in Australia, what do you need to know? Let’s lay out the facts. What […]
Former athletes can win big by tackling careers in financial advice
Professional athletes, who may have struggled financially for years, often suddenly come into large sums of money once they achieve their dreams. That’s where a financial advisor can help — especially one who is a former athlete.
Harris pushes 28% capital gains tax rate on millionaires
The increase would “ensure that the wealthy and big corporations pay their fair share” at a level that also “rewards investment in America’s innovators, founders and small businesses,” Harris said.
Financial Planning unveils 2024 Innovation Award winners
These eight firms are using AI and technology to build stronger connections with clients and build business at scale.
Reduce client regrets on retirement savings with these tips
Most Americans wish they had started saving for retirement sooner and that they hadn’t withdrawn money early from retirement accounts, a recent study says.
Kitces & Carl Ep 146: Re-Educating Clients (Scalably) After They “Read Something On The Internet”
A cornerstone service that many financial advisors provide is education. While strategic advice is crucial, advisors also face the challenge of presenting the strategies to clients in context, explaining different financial planning concepts, and showing clients how to implement these strategies (as well as pointing out any long-term consequences). While curious, proactive clients who are […]