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 […]
Archives for 2024
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.
Ex-minister warns of pensions ‘nightmare’ for grieving families
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.
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 […]