Nicholas Takahashi and his team are accused of deliberately trying to poach the clients of a former colleague managing hundreds of millions in assets and producing more than $1 million a year in revenue.
Archives for November 2024
Weekend Reading For Financial Planners (November 16-17, 2024)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the latest Fidelity RIA Benchmarking Study shows that while RIAs saw gains in AUM and revenue last year, their operating margins tightened, suggesting that rising expenses are cutting into firm profits. The study also looked […]
PFS writes to rebel members to ‘understand’ concerns
The PFS board is sending a letter today to rebel members who voted to reject two key motions at this week’s AGM in a shock result.
Regulators clarify post-Duty pension marketing rules
Regulators have stepped in to clarify pensions marketing communication after confusion caused by the new Consumer Duty rules and how they affect existing regulations.
Full text of Chancellor’s 2024 Mansion House speech
Chancellor Rachel Reeves delivered her first Mansion House speech on the evening of Thursday 14 November 2024. This is the full text of the speech exactly as delivered, as supplied by the Treasury.
The 10 best- and worst-performing large-cap funds of the decade
Large-cap funds are generally defined as those that invest in companies with over $10 billion in market capitalization and are often considered safer than small-cap funds.
FSCS pays £26.6m to WealthTek administrators
The Financial Services Compensation Scheme has made a first payment of £26.6m to the Joint Special Administrators of failed Newcastle-based wealth manager WealthTek LLP.
Kitces & Carl Ep 151: What’s Holding You Back From Delegating What You Need To Let Go Of?
As the financial advice industry began shifting from a sales-based model to a more sustainable asset management approach, advisors found their roles shifting along with it. With revenue rooted in more predictable, recurring income, many advisors were able to step off the relentless ‘treadmill’ of constant sales, allowing them to invest in growth by hiring […]
Morgan Stanley looks at IPO resurgence and sees AUM
A new partnership with the tech firm Carta will position Morgan Stanley at Work to manage stock-compensation plans for more than 2,000 private companies that are moving toward IPOs.
How to Create a Business Budget: From Planning to Profit
People are budgeting more than ever—86% of Americans, to be exact. And they’re budgeting for a good reason. Eighty-five percent of people said budgeting helped them get out or stay out of debt. Whether you’re a budgeter in your personal life or not, one thing’s for certain: Budgeting for your business is a must. Like […]