Major US-owned fund manager Vanguard, one of the world’s largest investment firms, has opened a new office in Manchester. The new 14,000 square foot base is in the Barings’ Landmark office building in central Manchester. Greater Manchester Mayor Andy Burnham opened the new office recently. It is Vanguard’s first UK office outside London. Vanguard […]
24 new Premium Bond millionaires created in 2023
Premium Bonds have created 24 new prize-winning millionaires in 2023. There were 64m Premium Bond prizes drawn in 2023 and total prize money paid out to all bond winners topped £4.6bn, according to government-backed savings provider NS&I. The bonds pay no interest but offer a number of prizes each month in lieu of interest. The […]
FCA CEO Rathi hails year of regulatory action
FCA CEO Nikhil Rathi has hailed the new Consumer Duty as a “game changer” and has said regulatory action this year has been unprecedented. In an end of year message, Mr Rathi said that the FCA would be “unwavering” in its implementation of the Consumer Duty. He cited key regulatory actions this year as including: […]
Biden administration’s Medicare drug price negotiations will face major tests in 2024
Next year could set the precedent for the Inflation Reduction Act’s controversial talks, which could affect dozens of medications by the end of the decade.
Kitces & Carl Ep 128: Noticing What You Spend Money On That’s Actually An Investment
Throughout history, there has been an age-old question of the difference between an investment and an expense. Society often views expenses as a permanent fixture in life, suggesting that there is no path away from their burden. But what if there was an alternative path? What if there was a way to shift our financial […]
AI will be a mixed blessing, say advisers
Financial advisers believe Artificial Intelligence (AI) technology will improve client servicing but could also potentially threaten the jobs done by human advisers. A study of 267 UK financial advisers by research firm CoreData found that 32% believe AI will “revolutionise” the advice sector. This increases to four in 10 (40%) advisers focused on high net worth […]
AI-Generated Financial Advice And The Fiduciary Catch-22
Financial advisors have a fiduciary obligation to act in their clients’ best interests, and at the same time are prohibited by state and SEC rules from making misleading statements or omissions about their advisory business. These responsibilities also extend to the use of any technology used in the process of giving advice: A recommendation made […]
Here are 3 stocks — other than Nvidia — getting an AI premium from Wall Street
While Nvidia was the big winner for investors this year in the generative AI boom, other tech stocks have also gotten a boost
#FA Success Ep 365: Scaling Expanded Advice Services To 100+ Team Members In A $5B AUM Enterprise, With Rob Nelson
Welcome everyone! Welcome to the 365th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Rob Nelson. Rob is the CEO and Founder of NorthRock Partners, an RIA based in Minneapolis, Minnesota, that oversees $5 billion in assets under management for 1,500 client households. What’s unique about Rob, though, is how […]
The Best Of Weekend Reading 2023: Top 25 Articles You Might Have Missed
Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more. And as 2023 draws to a close, we wanted to highlight 25 of the most popular and insightful […]