Planners who recommend the increasingly popular charitable vehicles could face penalties for what’s currently a pretty common practice in the industry, experts say.
QBI tax break — should it stay or should it go?
The 20% deduction for the qualified income of pass-through entities has strong supporters and critics. Here’s how tax experts say it could play out if made permanent.
LPL adding $16B Wintrust program in recruiting grab from Wells Fargo
The firm’s big tech investments and history working with banks attracted Wintrust, the CEO of its wealth division told FP.
Editor’s Comment: A duty to think again
As the next stage of the FCA’s Consumer Duty looms in July – when legacy products and sales will be included – some new research suggests the Duty may be rather more of a burden on Financial Planners and advisers than first thought. In addition, there are also signs that many consumers, more than seven […]
FSCS bill for Hartley exit costs rises £2m to £38m
The FSCS’s estimated costs in paying exit charges to allow trapped Hartley Pensions clients to transfer their money elsewhere has risen by £2m to £38m and could rise further. Yesterday, the FSCS agreed to declare the SIPP and SSAS provider in default, opening the way to it meeting the cost of exit charges. The move […]
Waging war against the status quo with Dimensional Fund Advisors
Catherine Williams and Daron K. Roberts spoke with Financial Planning about building leadership skills and making time for self care.
Abrdn launches Money Market MPS
Investment provider Abrdn has launched a new MPS product, the Abrdn Money Market MPS, to meet client for a low risk MPS alternative to cash products. The Money Market MPS will aim to deliver a return closely aligned to the Bank of England base rate, the firm says. The Bank of England base rate is […]
What the industry can learn from ‘finfluencers’
The CFA Institute analyzed 110 videos and other social media posts. Here’s what financial advisors and other investment professionals should know.
Man pleads guilty to £19m investment fraud
A 46-year-old man pleaded guilty to fraud today at Southwark Crown Court following a prosecution brought by the Financial Conduct Authority (FCA). Guy Flintham, based in Blackburn, Lancashire, defrauded around 240 investors by making false representations to persuade them to invest approximately £19m in an investment scheme operated by him between January 2016 and November […]
Ask an advisor: How do I get out of credit card debt?
A reader in D.C. owes $12,000 across seven different credit cards. Can financial advisors help him dig himself out?