It’s been a long hot summer and one adviser’s thoughts have turned to just how many funds he needs to offer within his investment solution.
Yellowtail’s Dennis Hall says he is moving towards using just one fund or at most two – from a number of Vanguard and Dimensional funds - to reduce to costs built up by rebalancing. The reaction from advisers and indeed fund managers should be interesting.
Tax consultants Blick Rothenberg warns advisers to remind clients with offshore tax liabilities that an HMRC reporting deadline is looming on the 30th September.
Phil Deeks, technical consultant at TCC, considers what advisers should think about when selling their firm – mostly it is to consider what the acquirer would think about on issues such as management information and culture.
Plimsoll reports that the largest 25 advice firms control nearly half the market. St James’s Place has a 12 per cent share.
Some 26% of millennials seek financial advice about their retirement although a huge number are saving into a pension says Prudential. Is that a terrible figure? One could argue that it augers rather well.
Daniel Schlaepfer president of Select Vantage argues that MiFID II is sending small adviser and broker firms to the wall and quotes among others, the Institute of Economic Affairs. Really not sure this applies to adviser firms.
UBS has closed its robo-adviser to new clients and sold the intellectual property rights to a US firm. Will this give other similar businesses pause for thought?
This is an excellent story. North Devon-based chartered financial planner Elizabeth Webb has become a world champion in the sport of powerlifting.
Protection challenger Guardian Financial Services opens for business following a pilot with ambitions to grow the protection market.