Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
Pensions and anti-poverty campaigner Frank Field dies at 81
Former Labour minister and lifelong pensions and anti-poverty campaigner Frank Field, Lord Field of Birkenhead, has died at 81 after a long battle against prostate cancer. Mr Field was known for his fierce but intelligent and radical comments and proposals on pensions and welfare. In the pensions sector he was best known as chair of […]
FTC issues noncompete ban as lawsuit looms
The prohibition would be on most contract provisions meant to keep emplolyees from taking jobs with competitors.
More ex-First Republic advisors exit JPMorgan for smaller firms
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
Merrill leaps back into recruiting with $3.5B team from JPMorgan
An industry recruiter said the Bank of America subsidiary has become almost “unhinged” with the amount of money it’s willing to offer advisors it’s recruiting.
Editor’s Comment: It’s time to kick off
I never thought I’d see former professional footballers march through central London to protest about financial scams and poor regulation but that’s exactly what happened this week. Ex-pro footballers Andy Cole, Danny Murphy and Colin Hendry were among a large group of campaigners attending the Transparency Task Force’s “Enough is Enough March for Justice” in […]
Hoxton adds 380 clients with double Planner acquisition
Abu Dhabi-based IFA Hoxton Capital Management has added over 380 clients with the acquisition of two UK-based Financial Planning firms. The acquisition of £80m AUM Dudley-based Alpha Financial Services gives Hoxton its first office in the West Midlands. The firm serves over 300 families and corporate clients and has been providing financial management, pensions, and […]
Creating industry on-ramps as 100K advisors head toward the exit
Some planners and firms are taking action to address impending retirements. Here’s why opening more pathways into the field matters to every company in wealth management.
Citi wealth CIO David Bailin to leave next month
The departure comes amid continued turn at the head of the bank’s wealth management ranks.
Editor’s Comment: A costly legacy of firm failure
It’s been a bad week for some adviser firms with no fewer than seven being declared as failed or under investigation by the Financial Services Compensation Scheme. Seven is a pretty high number for one week and suggests that we are seeing a string of firms leaving their liabilities to the FSCS and, indirectly, to […]