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.
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.
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.
Succession Wealth snaps up £1.1bn AUA True Wealth
Aviva-owned Financial Planning-focused Succession Wealth has acquired Leeds-based Financial Planning and wealth manager True Wealth Group, for an undisclosed amount.
What do Trump’s reelection, Fed rate cuts mean for small-caps?
Experts and advisors say they are cautiously optimistic about the future of small caps in the coming years.
How financial advisors are going full-RIA — with a ‘brokerage’
More planners are dropping their FINRA registration but keeping some ties to independent wealth management firms once thought to be in a different channel.