Financial advisers believe Artificial Intelligence (AI) technology will improve client servicing but could also potentially threaten the jobs done by human advisers. A study of 267 UK financial advisers by research firm CoreData found that 32% believe AI will “revolutionise” the advice sector. This increases to four in 10 (40%) advisers focused on high net worth […]

It’s cheers for pro bono advisors and people working to diversify the industry, and jeers for planners who defraud the elderly and big firms that let their regulatory responsibilities slip.

Despite concerns about corporate DEI efforts in retreat, financial planners at an industry diversity summit rallied to move forward on creating inclusive cultures.

The Consumer Duty is just over three months old and it’s already developing muscle to push through reform of the wealth management and Financial Planning sectors, particularly on fees. Some advisers may have thought the Consumer Duty was just another piece of regulation to tick off. It seems not. Two developments this week suggest the […]

Should a young saver put more in his 401(k) or strike out on his own? The active vs. passive investing debate comes to retirement.

After hiring a U.S. fine art specialist from the gallery world, the Swiss wirehouse is doubling down on its art-world connections to attract ultrarich Americans.

Alltrust has partnered with Platform One to launch a white-label investment and custody platform. The platform will include all of Alltrust’s products available to UK advisers including SIPPs, family pension trusts, and SSAS. The platform price will be 10 basis points. The brokerage, custody, front and back end technology, and pension administration will be provided […]

Sir David Harrison is stepping down from his role as chairman of Financial Planning wealth management firm True Potential, the company he founded in 2007. He will remain involved with the business as strategic adviser to the board and as a major shareholder of True Potential. The move has been more two years in the […]

Despite recruiting efforts, firms have struggled to bring in new blood, making retention more important than ever.

In the largest-ever conversion, issues are bound to come up. With some dust settled, what’s the outlook for the giant custodian’s dominance?