This week we covered a story which had me puzzled and slightly concerned. It revealed the woeful level of interest among job switchers in a career in financial advice or Paraplanning. Surprisingly, financial advice comes off even worse than Paraplanning, which I would guess was less well known as a career choice. According to a […]
Quad-A eyes ‘different direction’ with leadership change
In their first interview about the shakeup atop the influential organization for Black financial advisors, its interim leaders emphasized continuity amid the shift from Christian Nwasike.
2 in 3 over-40s ‘in the dark’ about Triple Lock
Two in three adults aged 40 and over are in the dark about what the Triple Lock provides, according to a new survey. The survey found widespread ignorance about the Triple Lock which guarantees minimum rises in the State Pension. One in four adults over 40 (25%) said they did not know what the Triple […]
Can a new breed of ETFs shield investors from global chaos?
A set of carefully curated ETFs promise a way out of geopolitical risks, but their logic remains untested.
Private credit, Wall Street’s hottest trade, has an ugly moment
Once touted as safer for creditors, direct lending is starting to show some familiar risks.
1 in 10 want tax cut on investments: election survey
More than one in 10 (11%) of people would vote in next month’s election for a party that pledged to cut tax on investments, according to a new survey. But they may end up disappointed as “this one may not make into the manifestos,” according to Hargreaves Lansdown. Almost a third (31%) of investors think […]
FINRA tells firms there’s no mandatory RTO — but it’s time to register your remote locations
Brokerages have until June 26 to decide if they want to take part in a pilot program allowing them to continue inspecting their branch office remotely; plus, the rundown on residential supervisory locations
PFS appoints independent chair
The Personal Finance Society has appointed experienced financial services CEO Piers White as its first independent chair, a new role created by the organisation following its internal governance review completed last year. Mr White will be joined on the PFS board by two new directors, while Christine Elliott will depart having served as the board’s […]
Isio launches illiquid assets platform
Pension consultancy Isio has launched a new platform to allow investors such as pension schemes to sell illiquid assets more efficiently. The company said it is responding to demand to sell illiquid assets, along with the difficulties sellers face doing so. It said desire to sell illiquid assets increased following the market volatility caused by […]
UBS makes Karofsky and Khan wealth co-heads in shakeup
Management changes expected to help in CEO Ermotti’s wealth management ambitions in the U.S.