Carson Group has snagged two powerhouse leaders in tech and wealth management on the heels of former CEO Ron Carson’s departure and the naming of Burt White to the top role.
Ameriprise to pick up $2B credit union program from LPL
Kinecta Wealth Management, the wealth arm of Kinecta Federal Credit Union, will switch firms by the end of the year.
Equity Release Council enhances guide for advisers
The Equity Release Council, the trade body for equity release providers, has published a new Consumer Duty-friendly guide to help financial advisers communicate more clearly and simply with clients about equity release. The Council said the handbook would help advisers ensure their communications are “clear, fair and not misleading” as required by the FCA’s new […]
Number facing financial struggle falls by 3.5m
The number of people struggling to meet financial commitments has fallen by 3.5m since last year, according to new figures published today by the FCA. Its latest research for its long term Financial Lives study found that 7.4m people were struggling to pay bills and credit repayments in January, down from 10.9m in January 2023. […]
Dynasty makes its case to RIAs with a look under the hood
The platform provider offered up rare transparent data about financial advisor payouts and the cost of its technology amid an accelerating race for top talent.
FINRA phishing warning: Those aren’t regulators sending those emails
The broker-dealer watchdog is putting the industry on notice about the latest scheme attempting to extract client information.
Editor’s Comment: A new age for pensions is needed
I have to confess I was quite pleased this week when Aegon pension sage Steven Cameron raised an issue that many have neglected: the fairness of the State Pension. It was brave and timely thing to do on the eve of one of the biggest increases in the State Pension in its history – an 8.5% […]
Americans think they’ll need $1.5M to retire, but their savings are nowhere near that
The “magic number” Americans think they’ll need for a comfortable retirement went way up this year — but their actual savings went down.
Aegon urges Govt to consider early State Pension access
Pension provider Aegon is calling on the Government to consider introducing a more flexible State Pension age and early access to avoid the harm to some people of further “significant” increases in State Pension age up to 74. Aegon believes that giving some people in need access to a reduced pension up to three years […]
Ex-Morgan Stanley advisors’ $3M win could open floodgates to deferred comp claims
The lawyers representing the claimants in a recent FINRA arbitration case say they have scores of clients still seeking to secure pay they contend they’re owed after departing for another firm.