David Ferguson will take on the role of chief executive at Seccl, a white-label platform provider from April. The firm offers advisers the ability to create and own more of their platforms, as FTAdviser reports.
It is interesting that Ferguson says he would have set up such a business had Seccl not already existed and offered the opportunity.
Ferguson has developed a habit about being correct about lots of industry developments so it is certainly worth watching his progress.
It is also interesting that he has given such as long interview while still on gardening leave from Nucleus.
Document design company Doc Vinci has developed a template for a two-page annual suitability report for financial planners to use with their clients.
The company’s co-founder Dan Graham told Money Marketing the aim of the two-page reports is to make this part of the process “easily digestible, and even fun” for clients.The documents include easy-to-understand graphics and a simple layout.
"This will save financial planning firms heaps of time, but also make their communications with clients much clearer,” he added.
It will be very interesting to hear the market reaction not just from advisers who in an ideal world would very much welcome this, but also from compliance experts.
Rathbones head of multi-asset portfolios David Coombs discusses lessons learned as investors from Covid. (I like his rationale for investing in Shimano.)
The Financial Services Compensation Scheme (FSCS) has declared Argent Wealth Ltd, trading as Orchard Financial Planners and Morley James Asset Management in default. The firm was liquidated on January 20.
The FSCS has received 17 claims applications from former customers of Argent Wealth which it is currently investigating.
Actually, this reads as an adviser firm that dipped its toes in the water rather than some kind of wholesale operation to process these cases. The sums involved are more than enough to topple an advice business. FOS had for example award £160,00 to a former client last year.
The directors surely rue the day they decided to accept and advise on these matters.
Ceri Griffiths, principal at Willow Brook Lifestyle Financial Planning says more women are seeking post divorce financial advice amid reports divorce proceedings have soared during the pandemic.