IFA consolidator Perspective Financial Group has acquired Wirral-based Investment Principles. This is the second acquisition for the group in 2019 following the purchase of North East-based firm Galloway Whitfield (Life & Pensions) in January. Including the latest acquisition Perspective has bought 33 IFAs since 2008 and says it has more deals in the pipeline for […]
Lloyds Bank has confirmed it will launch a new financial planning proposition for wealthy clients as part of its wealth and investment tie-up with Schroders. Money Marketing understands this is part of the bank’s focus on wider advice plans reported by the Financial Times last week. The bank will reportedly hire around 700 new advisers […]
Wealth management, financial planning and legal advice group Progeny has acquired Scottish advice firm Innovate Financial Services in its first expansion north of the border. The consolidator, which has offices in London, Leeds, and Salisbury, has agreed to purchase Edinburgh-based Innovate to help the group offer a “UK-wide presence with a consistently high level of […]
Quilter retail customer solutions director John Porteous has left the company just over a year from when he took on the role. Porteous (pictured) joined Quilter in September 2017, after two and a half years at national advice firm Towry. Towry was acquired by Tilney in April 2016 and Porteous was subsequently appointed head of […]
The Rt Hon the Lord Blunkett of Brightside and Hillsborough will deliver the keynote presentation to close Money Marketing Interactive in April. The flagship conference, which also features leading figures from the FCA and Financial Ombudsman Service alongside top financial planning talent like Ovation’s Chris Budd, will be topped off by Blunkett, who served as […]
IFA consolidator Perspective Financial Advisory Group has acquired Newcastle-based Galloway Whitfield (Life & Pensions) Ltd. The Perspective chairman is Paul Hogarth (pictured) who is also chief executive of Tatton Asset Management which floated on the AIM market in 2017. The listed company is made up of the DFM Tatton Investment Management, support service provider Paradigm […]
Consolidator Fairstone has acquired Darlington-based Belasis IFA. The addition brings 1,250 clients, £500,000 in gross fee income and £50m funds under management to the national firm. Five advisers and two support staff join Fairstone as part of the acquisition. Fairstone chief executive Lee Hartley says: “Having worked with Belasis IFA through our proprietary downstream buyout programme […]
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
St James’s Place has acquired the Reigate protection advice firm Future Proof. Future Proof, now part of SJP Group, provides specialist advice on income protection insurance, critical illness and live insurance in both personal and business markets and has arranged over £800 million worth of cover for clients since 2011 when it was established. SJP […]
Royal London chief executive Phil Loney is stepping down at the end of 2019 and the new chairman, Kevin Parry, will lead the search for his successor. Parry’s appointment and Loney’s departure were both announced this morning. Parry, will leave his current non-executive director position at Standard Life Aberdeen at the end of December and […]
The Brussels region has made a bid to attract UK-based financial services companies concerned about their post-Brexit fate. Secretary of state for foreign trade at the region of Brussels, Cécile Jodogne, targeted a sales pitch to companies which need to work across EU borders: “Despite the UK and EU establishing in principle, a withdrawal agreement, […]
The financial services could see a business boost by becoming more dementia-friendly, says Alzheimer’s Society. The charity says in the worse cases firms without sufficient knowledge of or accommodation for the disease are leaving people alienated from the their finances. However, it projects businesses could not only care better for clients but also boost their […]
In just over a month, our all-star speaker lineup will assemble in London for Money Marketing’s flagship conference. Money Marketing Interactive will bring together the finest minds in financial planning, along with senior staff at the FCA and Financial Ombudsman Service and other leading experts to debate and analyse the way forward for the profession […]
Being the dedicated adviser to the employees of local businesses will boost your reputation and grow your firm Taken at face value, the roles of financial planner and HR officer may not appear to have much in common. Yet, the two can dovetail perfectly in some situations. The most obvious benefit is when it comes […]
Confronting the darkest topics seems to be the way forward as financial advisers try to tackle the intergenerational gap Financial advisers should draw on aspects from traditional family office models to help hold on to clients across generations, leading advice market experts have said. By smoothing clients’ intergenerational wealth transfer, advisers can secure their clients’ […]
Professional connections between advisers and solicitors can be mutually beneficial but it takes time and effort to get the best from these relationships Relationships with law firms can be invaluable in bringing new business through advisers’ doors. Where their clients need financial advice, solicitors will want to recommend an adviser to save them from having to find one from scratch. However, as any personal recommendation […]
The advice market veteran turned consultant Malcolm Kerr gives his verdict on the ‘work in progress’ that is today’s financial planning profession, before offering his wisdom on how to take your firm to the next level at Money Marketing’s Interactive conference in London on 4 April. What key reforms would help get people saving more? […]
Gambles have been taken, including saying goodbye to recruitment consultants As the first article from me in 2019, I should pick a subject that will really grab your interest; something exciting and inspirational. Instead, I have decided to write about recruitment. I wanted to tell you about two big changes that we have made to […]
Platform and investment guru Caridade-Ferreira talks rebuilding trust in advice and why coaching will be core to your business ahead of her session at Money Marketing’s Interactive conference. What are the keys to winning over more consumers to start seeking advice? Unfortunately, there’s a trust issue when it comes to advice. Over the years, a […]
Thameside Financial Planning’s Tom Kean looks at why life planning is so important to his firm before taking on the robo-advice revolution at Money Marketing Interactive. What is the most encouraging advice market trend you are seeing at the moment? Fewer defined benefit transfers. What one word or phrase do you think sums up the […]
Giving financial advice is second nature to IFAs, but making it stick can be trickier. Some clients might leave their meeting with the best of intentions but find that the objectives they set with their adviser start to slip down their list of priorities. Others may find their annual review comes around quicker than they […]
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It is not the markets that make mistakes, but investors. Advisers must take on their biases and change their approach accordingly As humans, it is in our nature to misbehave when it comes to money and investing. That is just what we do. The average person carries round a suitcase full of biases ready to […]
Until every single firm acts professionally, there is a risk financial planning will not be considered as such from those outside it I was asked an interesting question by Money Marketing last week: “What one word or phrase do you think sums up the state of the financial planning profession today?” A number of potential […]
Managing director of gbi2 Graham Bentley shares some strong views on adviser charging ahead of his appearance on the panel discussing the discretionary dilemma- whether firms need new permissions at Money Marketing’s Interactive conference in London on 4 April. What key reforms would help get people saving more? Reforms won’t persuade people to save if […]
Last month, star manager Terry Smith announced he was throwing £25m of his own money behind a new investment trust, Smithson. Ahead of its launch, Money Marketing editor Justin Cash sat down with Simon Barnard and Will Morgan, the fund’s managers, to talk strategy, as well as their thoughts on some of the hottest topics […]
PFS chief executive Keith Richards, Threesixty managing director Russell Facer and financial planner Susan Hill sit down with Money Marketing editor Justin Cash to discuss what’s wrong with the FSCS, and how it can be reformed.
Catch up with last week’s Money Marketing debate on what Labour would mean for financial planners with former pensions minister Steve Webb and three leading advisers.
FSCS levies are one of the biggest bills advisers have to pay. But how are they calculated? Watch our video to find out Advisers slam levy increases as FSCS bills hit desks Solving the FSCS’ long list of problems FSCS chief executive Mark Neale’s blog
By Mark Martin, Head of UK Equities Despite the lack of clarity surrounding Brexit and the UK’s future relationship with the EU, Mark argues that the outlook for selective M&A activity is positive… Read the article here Investment risks This Fund may have a high volatility rating and past performance is not a guide to […]
Discretionary will trusts can be an exceptional estate planning tool, but care needs to be taken when it comes to the charges. Planning is the key here – with the right strategy it’s possible to ensure your clients’ beneficiaries benefit in a tax efficient manner. The initial choice is clear: through their will, clients can […]
By Storm Uru, Fund Manager Concerns over technology stocks emerged as we entered 2019. In particular, Apple, which we classify as a ‘frontier’ firm and a key Neptune holding, suffered after issuing its first profit warning in 16 years. Read the article here Investment risks The value of an investment and any income from it can […]