In a change that may affect financial advisors and tax professionals’ clients, the agency reversed course on a position it took seven years earlier.
New RIA platform bets on unique business model: No private equity money
For advisors seeking a type of independence that defies industry norms of success, two female CFPs have launched a co-op promising to be a firm of one’s own.
County Durham advice firm fails
County Durham-based firm D&G Financial Services Ltd (FRN: 208521) has been declared in default by the Financial Services Compensation Scheme. The compensation body has so far received two claims against the firm relating to pension advice and British Steel Pension Scheme transfers. So far one claim has been upheld, triggering the FSCS default process. The […]
A hybrid RIA, $2M in cannabis fund losses and a search for responsibility
In a case with industry-wide implications, PKS Investments argues that a Utah couple cannot pursue damages against the brokerage through FINRA arbitration.
Whitmore leaves Jupiter to set up boutique firm
Long-serving Jupiter fund manager Ben Whitmore, who looks after around £10bn, is leaving the firm to start his own boutique fund management business. Mr Whitmore has been with Jupiter since 2006 after joining them from Schroders. He manages the Jupiter UK Special Situations Fund (AUM £2.1bn), as well as the Jupiter Income Trust (AUM £1.6bn), Jupiter […]
A year of strong opinions in Financial Planning — 12 highlights
In 2023, Financial Planning’s op-ed section featured nearly 100 original columns penned by experts across wealth management, from tax pros to tech founders and seemingly everything in between.
How advisors can win doctors as new clients
Doctors face many personal finance challenges, from hefty student loan debt to temptations to overspend. Experts share how to win them as clients.
These are the 10 RIAs with the largest average client account
A new ranking of the channel by SmartAsset includes arms of Sammons Financial Group and McKinsey and global portfolio management firm Cambridge Associates.
What does 2024 have in store for wealth management? Arizent research offers ‘Predictions’
We asked hundreds of wealth managers what they expect for their industry in the year ahead. Here’s what they told us.
Anthony Arter appointed interim chair of Pensions Ombudsman
Anthony Arter CBE has been appointed as interim chair of The Pensions Ombudsman (TPO) to replace Caroline Rookes who died in October. It will be for an interim period during which a recruitment campaign will be conducted to fill the position permanently. Mr Arter has a wealth of experience and expertise from various roles within […]