International wealth manager, Financial Planner and professional services firm Azets has acquired Scottish Financial Planner and chartered accountancy firm Milne Craig in a major deal for the financial services sector north of the border.
Archives for 2024
Exclusive: Consumer Duty ‘reducing’ access to advice
Nearly three in 10 Financial Planners (28%) surveyed in an exclusive poll for Financial Planning Today say they have cut the number of clients they serve as a result of the Consumer Duty.
Quilter Cheviot lowers fees for nominee MPS
Discretionary wealth manager Quilter Cheviot has lowered the charges for clients invested in its managed portfolio service (MPS) via its own nominee arrangements.
Global economy slowing, but not in recession, says report
Ned Davis Research analysis predicts the Federal Reserve will cut interest rates by 25 basis points at each of the remaining meetings this year, starting in September.
Are AI Agents the next big wealth management disruptor? What financial advisors should know
AI agents are already transforming how financial planners and clients interact; the “app-less” version will add an infusion of enterprise-wide scale to the mix.
Why Regulators Are Questioning The Use Of Held-Away Asset Management Technology (And What Advisors Can Do About It)
Historically, advisors haven’t had many avenues to manage clients’ 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans. Which wasn’t necessarily a big issue back when most clients hired advisors after they had already retired and were able to roll over their employer plans into […]
DB transfer activity surges in July
The number of defined benefit pension transfers in July surged to the highest level since August 2023.
Hoxton Capital Management rebrands to Hoxton Wealth
International Financial Planner Hoxton Capital Management has rebranded to Hoxton Wealth.
#FASuccess Ep 400: Sizing Up Versus Scaling Up To Build An Enduring Advisory Business, With Mark Tibergien
Welcome everyone! Welcome to the 400th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Mark Tibergien. Mark is the former CEO of Pershing Advisor Solutions, a former Principal with Moss Adams Consulting, and is a longtime practice management consultant and thought leader in the financial advisory industry. What’s unique about […]
Don’t speak: How firms like Morningstar teach AI what not to say
Firms like Morningstar and Savvy Wealth share their experiences in building guardrails around AI tools to prevent them from giving risky advice or creating regulatory concerns.