Thomas Brenner joins his accomplices Perry ‘King Perry’ Santillo and Christopher Parris in receiving prison sentences for defrauding investors.

The number of wealthy Asian Americans is growing. But most RIAs courting them are missing a key approach, according to one firm that is doing it differently.

The latest FCA data on complaints does not make comfortable reading for advisers and providers, particularly those involved in giving advice on pension decumulation and annuities. Unfortunately these are just the big growth areas in financial advice. The latest FCA complaints report on the first half of the year reveals a 20% rise in complaints about […]

The CRPC is a popular sister certification of the CFP. FP spoke with the program’s head and with advisors who say it’s a must-have credential for retirement planning.

M&G is to suspend and wind up its troubled M&G Property Portfolio Fund and sister fund, the M&G Feeder of Property Portfolio. M&G said that it would close the funds due to, “declining interest in open-ended daily dealing property strategies from UK retail investors.” The fund manager said the move was in the “best interests” […]

New research from Fidelity Investments finds that advisors speak highly of independence but lack the knowledge to do it with confidence.

Platform Transact has reported total Funds Under Direction for Q4 rose by nearly £5bn year on year to hit a record £54.9bn, according to figures released today by parent company Integrafin Holdings plc (IHP). Despite the rise in funds, Transact saw net inflows fall during the quarter from £702m to £411m although total inflows were […]

A new Cerulli report found that the 10 largest broker-dealers hold 58% of retail AUM, in the wake of rapid consolidation among the top 25 BDs.

CEO Charlie Scharf said the bank’s troubled wealth unit had ‘treaded water’ for a while, but showed signs of recovery as client assets and fee income grew.

Investors in St James’s Place can be forgiven for reaching for a stiff Scotch this evening – it’s been one hell of a day. At one point today the company’s share price was down by 21% today to 640p, rallying slightly at the end to close down 18.5%. This year to date the share price […]