While the share of advisors with the CFP marks has risen steadily over time, today, about 2/3 of financial advisors are not CFP professionals. This means that, for most advisors, the decision to obtain this designation remains an open one. A crucial factor in an advisor’s decision to prepare for the CFP exam – often […]
Archives for 2024
Financial planning as a perk opens doors for advisors
This fringe benefit can take the weight off of the company’s human resources department, allow employees to experience the benefits of financial planning and even allow advisors to prospect for new clients.
Tech execs: Don’t adopt advisor AI because of FOMO
Top executives at Advyzon, Kwanti, Softlab360 and The Oasis Group discuss how advisors should be careful not to jump into AI too quickly, despite being tech advocates themselves.
Weekend Reading For Financial Planners (September 7–September 8)
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, […]
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.