Sales were mostly flat until 2020. Over the past four years though, they’ve nearly doubled.
Archives for November 2024
Advisors are using AI but skipping compliance guardrails
An industry survey of 200 compliance officers showed that a mere 12% of respondents currently using AI said they also adopted an AI risk management framework; experts said advisory firms need an AI governance plan ASAP.
RBC’s firing of female advisor lands it a $9.7M discrimination penalty
Cinda Collins alleged before a FINRA arbitration panel that RBC fired her in late 2019 in an attempt to “steal much of her book of business without compensating her for it.”
Weekend Reading For Financial Planners (November 2–3)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that SIFMA, which represents broker-dealers, investment banks, and asset managers, released a white paper that argues that CFP Board “increasingly functions as a de facto private regulator for CFP certificants” and proposes that CFP Board eliminate […]
FCA readies action against Crispin Odey over ‘lack of integrity’
The FCA has issued a warning notice that it is preparing to take action against high profile fund manager Crispin Odey for demonstrating a “lack of integrity.”
5 winners of FP Today Survey Prize draw announced
The five winners of Financial Planning Today’s Financial Planning Profession Survey Prize Draw have been announced.
7IM acquires MPS provider Rockhold from ASHL
Investment platform and wealth manager 7IM has today struck a deal to acquire £2bn AUM MPS provider Rockhold Asset Management from national adviser firm ASHL.