Wealth manager Tavistock has acquired asset manager ABP as it completes its sale of its financial advice businesses, Tavistock Partners Limited and Tavistock Partners (UK) Limited, to Saltus.
UBS to cut base pay for low-end producers — and some high-end
UBS is reducing pay substantially for sub-$750K producers and making smaller reductions for advisors on the higher end of the scale.
50,000 powers of attorney rejected last year
More than 50,000 power of attorney applications were rejected last year because of mistakes.
Don’t want a full family office? Goldman says try it à la carte
The financial services giant lets wealthy clients pick and choose things like assistance with cybersecurity, alternative investments and estate planning.
Seeking Best Execution: Understanding The SEC’s Expectations For Advisors To Deliver Best Outcomes For Clients
Investment advisers are fiduciaries that owe a duty of care and loyalty to their clients. One component of this duty of care is an obligation to seek best execution of client securities transactions. While this requirement might sound relatively straightforward, the lack of a single definition for what this duty actually requires can make it […]
Staffs adviser defaults after pension transfer claims
Staffordshire-based advice firm Norrix Financial Services Ltd (FRN: 224577) has been declared as in default by the Financial Services Compensation Scheme (FSCS).
What Trump’s next administration will mean for financial regulation
Whoever is named SEC chair by the president-elect is likely to take a lighter hand on crypto, AI and “regulation by enforcement.”
Job hoppers save £15,000 more into pensions
People who have switched jobs multiple times have £15,000 more in pension savings than the average person, mainly because they end up earning more than the average.
#FASuccess Ep 412: 3X’ing The Business With No More Than 50 Great Clients By Hyperfocusing On Who You Can Add The Most Value For, With Anjali Jariwala
Welcome everyone! Welcome to the 412th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Anjali Jariwala. Anjali is the Founder of FIT Advisors, an RIA based in Torrance, California (but works virtually with clients nationwide) and oversees $65 million in assets under management for 45 client households. What’s unique about […]
Morgan Stanley wealth head bets on reinvestment over recruiting
Jed Finn says the firm’s wealth unit could easily meet its operating margin goals if it simply stopped spending money to support advisors. But it’s not about to do that.