The word audit can be enough to elicit worry and consternation from business owners and employees alike. For most people, having their work double- and triple-checked by someone else is nerve-wracking. Not many people relish the idea of someone else looking over every detail of their work, poking and prodding for mistakes. Of course, the […]
Archives for 2024
What High-Net-Worth Prospects (Really) Want From A Financial Advisor
In the early days of wealth management, a financial advisor’s value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g., selling and trading) or on sales-oriented advice that centered on implementing insurance products. As the industry has evolved, though, the value offered by financial advisors, especially for High-Net-Worth (HNW) […]
The industry’s opportunity to work with new Black and Hispanic investors
The GameStop saga is long over, but the retail investors who drove it could turn into long-term clients if wealth management firms adapt to changing times.
Morgan Stanley’s Gorman tops JPM’s Dimon for 2023 pay
The former Morgan Stanley CEO got a 17% bump in his final year at the helm.
Citizens’ new private bank targets $10B in assets by 2025
The bank is betting on attracting high net worth clients in the wake of last year’s turmoil.
Weekend Reading For Financial Planners (January 20-21)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study has found that while total financial advisor headcount across all channels only increased by 0.3% in 2023, the RIA space showed significantly more strength, with 10.4% growth, as breakaway brokers and new […]
Editor’s Comment: Has Financial Planning failed?
Financial Planning Week, the CISI’s annual consumer-focused campaign to promote the benefits of professional financial advice, kicks off on Monday. It’s the first time it is taking place in chilly January as it’s usually held in Autumnal October. Let’s hope the shift rejuvenates a campaign which has become a little low key in recent years. […]
1 in 4 adults snub financial advice – even if free
Nearly one in four UK adults (23%) say they would never seek financial advice, even if it was free. The findings appear in new research to coincide with the launch of Financial Planning Week 2024 which kicks off on Monday. The research suggests widespread consumer avoidance of professional financial advice and significant numbers of […]
Söderberg takes ‘significant’ stake in Chartered Planner
Major Swedish wealth manager Söderberg & Partners has taken a “significant” minority stake in expanding Bath-based Chartered Financial Planner Fidelius as it continues its UK expansion drive. Söderberg says the deal is one its biggest investments in the UK and its seventh stake-building deal in the UK Financial Planning and wealth management sectors. The cost of […]
Reporting of digital assets as cash delayed until IRS issues regs.
In an announcement posted Tuesday, until regulations are issued, the IRS said businesses do not have to include digital assets in determining whether cash received in a single transaction is over the $10,000 reporting threshold.