Also this week, Ameriprise CEO James Cracchiolo sees a 12% bump in compensation in 2024 and new LPL CEO Rich Steinmeier also sees a hefty pay bump.
A job-hopping slowdown could be a boon for retirement savings
Wage growth for job-hoppers is on the decline, but financial advisors say that might be a good thing for long-term retirement savings.
Weekend Reading For Financial Planners (March 29–30)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent survey indicates that 70% of affluent financial advisory clients who believe their advisor is always obligated to act as a fiduciary indicated they are satisfied with their relationship and aren’t seeking out a […]
Wealth manager with 18 ARs in default
London-based wealth manager LLP Services Ltd (FRN: 229382) has been declared in default today by the Financial Services Compensation Scheme (FSCS).
4 arrested over suspected fraud and money laundering
The FCA, backed by City of London Police, has arrested four individuals over suspected fraud and money laundering offences.
Planners reject in-house platforms
Developing in-house platform propositions is being rejected by planners as a solution to poor service from platform providers, Financial Planners have told Financial Planning Today magazine, Financial Planning Today’s sister publication.
Texting is the new email for RIA client transitions
Delivering documents via SMS can smooth a stressful process, reinforce advisor-client bonds and keep firms on the windy side of industry regs.
Planners react to ‘subdued’ Spring Statement
Financial Planners have shrugged off Chancellor Rachel Reeves’ Spring Statement as having little effect on their clients.
Ten Charts To Help Address Client Concerns On Recession Fears, Tariff Risks, And Market Volatility
While financial markets tend to rise in the long run, short-term volatility can be alarming for investors. Recent swings have been driven by economic policy shifts, persistent inflation concerns, and geopolitical uncertainty – all of which may unnerve even the steadiest of clients. During turbulent periods like these, advisors play a critical role in helping […]
Tenet network declared in default
The network arm of failed advice firm Tenet, TenetConnect (FRN: 149826) and TenetConnect Services (FRN 150643), has been defaulted as failed by the Financial Services Compensation Scheme, opening the door to compensation claims.