Prime minister Rishi Sunak surprised quite a few people this week with an unexpected announcement direct from No.10 that financial cold calling will be banned. We are still short of a few details but he at least seems determined to grasp the thorny, but increasingly painful, nettle of financial fraud. The move is a timely […]
Continuum Q1 assets up 13% to £1.72bn
Plymouth-based national IFA Continuum has reported assets under influence up 13% year-on-year to a record £1.72bn at the end of the first quarter of 2023. The firm says the growth in assets marks the 35th consecutive quarter of growth. The quarter also saw Continuum add new advisers, boosting the total to 63. During Q1 2023 […]
FCA launches further raids on crypto ATMs
The FCA has stepped up its crack down on illegal crypto ATMs. The watchdog has used its powers to inspect cash machine sites in Exeter, Nottingham and Sheffield suspected of hosting illegally-operated crypto ATMs. The inspections were part of a joint operation with the South West Regional Organised Crime Unit, Yorkshire and Humber Regional Organised […]
Poor ESG returns putting off HNW investors
High Net Worth individuals are being put off ESG investments due to poor returns, scepticism and mistrust, according to a new study by a Chartered Financial Planner firm. Four out of five HNW clients (80%) do not see climate change as a priority, the study by wealth manager Saltus Wealth found. This attitude and poor […]
FINRA: Broker numbers up for first time in years
Evelyn adds 2 Planners to Bristol team
Wealth manager and Financial Planner Evelyn Partners has added two Financial Planners to its Bristol team. Adam Deacon joins Evelyn as an associate director from Fidelius Group and Azets Financial Planning where he was senior Financial Planner. Mr Deacon will be responsible for providing bespoke, holistic Financial Planning advice to clients including business owners. Mr […]
Annuity sales smash more records at start of 2023
Half of investors scaling back investments
Over half (55%) of investors say they are scaling back investments, according to new research. Three in four investors(74%) are rethinking their investment plans due to cost-of-living increases, according to the survey by investment provider and wealth manager Charles Schwab. Two thirds (64%) of UK investors were concerned that the current economic climate will have […]
Behavioral finance experts on the benefits of becoming superhuman wealth advisors in the AI era
Inflation is clients’ top worry say advisers
Four in five (83%) financial advisers say the high level of inflation is their clients main worry this year. The second biggest concern was the value of portfolios, with 68% of advisers stating this was a key concern for clients. The research from Canada Life revealed that despite a difficult economic environment, fears over recession […]