LifeSight, the defined contribution master trust owned by Data analysts WTW, has partnered with Octopus Money to provide one-to-one money guidance for its members to support their financial wellbeing. They will receive support tailored to their personal circumstances, as well as access to group webinars and other resources to support longer-term Financial Planning. The one-to-one support will allow LifeSight […]
Using AI to help advisors find the right words
Fintech veteran and former Skience president Marc Butler believes by working together, advisors can help develop generative AI that truly works for them.
7 key tax questions about paying off student loan debt
Decisions about which type of repayment plan to use and whether to file jointly or separately carry important implications for borrowers, experts said.
Editor’s Comment: Weeding out the rotters
One thing that has always disappointed me about financial regulation is how many rotters are allowed to get involved in financial services in the first place. That may be changing, finally, as the FCA moves towards a much more interventionist and proactive policy on those wanting to be regulated individuals and run regulated firms. Not […]
Benchmark buys 32-adviser Swindon Planner
Schroders’ Benchmark Capital arm is to acquire 32-adviser, £755m AUM Swindon-based Unique Financial Planning. The deal is for an undisclosed sum. Benchmark has acquired several Financial Planning firms in recent times and supports more than 1,000 financial advisers with platform assets of over £18bn. In November Benchmark acquired a 49% stake in West Midlands-based Chartered […]
$3M fraud scams defrauded seniors and the U.S. government
In one case, an ex-advisor is accused of defrauding clients with disabilities and spending their money on casinos and adult entertainment, among other things.
Goldman’s wealth management unit shows dip amid tough quarter
The Wall Street giant struggles amid plans to rely less on its own balance sheet and more on fees from managing others’ investments.
$17B branch Concurrent picks PKS after leaving Raymond James
The hybrid RIA is “out of the woods” after completing its giant custodial and brokerage transition in recent months, CEO Nate Lenz tells FP.
HL says no decision yet on ‘under fire’ chair
Investment provider Hargreaves Lansdown said today that no decision has been taken on whether under fire chair Deanna Oppenheimer will step down early, despite media reports suggesting she will leave soon. In a statement today the Bristol-based firm said: “No decisions have been taken at this time.” Sky News and other outlets have reported that […]
Citi earnings show struggles with wealth management ambitions
The firm’s Wealth at Work division delivered strong results while the private bank stumbled.