A former Pensions Minister and retirement expert has attacked the government’s Budget day decision to include pensions and pension death benefits within estates for inheritance tax (IHT) purposes.
Archives for October 2024
Kitces & Carl Ep 150: When The Early Years’ Scarcity As A Financial Advisor Prevents You From Growing To The Next Level
For many years, the traditional career track for financial advisors has been an ‘eat what you kill’ model – where advisors must independently find, convert, and manage their own clients. As such, it isn’t uncommon for an advisor’s first few years to be characterized by long hours, high rejection rates, and low pay. For many, […]
Some advisors say business interests trump personal politics at the voting booth
According to Financial Planning’s research, most registered Republicans polled seem to have aligned their personal and business interests, while registered Democrats were nearly evenly split.
XSBI: Are interest rate or income tax cuts benefiting small businesses yet?
Cuts to official interest rates and income taxes have begun in some countries, with some hoping the changes would help boost consumer spending. Unfortunately, this doesn’t seem to be the case yet for small businesses, according to the latest Xero Small Business Insights (XSBI) data. What cuts have happened? Central banks have been busy in […]
Budget: Inherited pensions face IHT from April 2027
From April 2027 inherited pension pots will be subject to inheritance tax (IHT), Chancellor Rachel Reeves announced today in her Budget.
Why Advertising “Conflict-Free” Advice Could Violate The SEC’s Marketing Rule
As fiduciaries, financial advisors are required to disclose any conflicts of interest that exist between themselves and their current and potential clients. The conflicts themselves can range from compensation models that impact how much money an advisor might earn as the result of a recommendation (such as specific product recommendations for advisors compensated on commission […]
Rethinking CRM: New tech entrants challenge advisors’ old platforms
Hundreds of new tech offerings have entered the wealth management landscape the past five years, challenging the capabilities of traditional CRM systems. Is it time for advisors to rethink their CRMs?
Nearly 220 claims against LEBC as firm defaults
The Financial Services Compensation Scheme today declared former national IFA, pensions and employee benefits firm LEBC Group Ltd (FRN: 760755) in default after receiving 218 claims against the firm.
#FASuccess Ep 409: Adding 1,400 New Clients In A Year As An Extension Of Doing (Profitable) Student Loan Consulting At Scale, With Travis Hornsby
Welcome, everyone! Welcome to the 409th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Travis Hornsby. Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financial planning (as well as consulting […]
Tech Spotlight: Opto Investments on opening private markets for RIAs
Opto Investments is building out a fully integrated tech platform for RIAs to gain access to the multitrillion-dollar private markets.