Let’s consider the global economic problem in a few statements – low interest rates, lax regulatory control and a proliferation of financial engineering (once referred to as innovation) in the banking industry. Add these together and they have all allowed people and governments to borrow beyond their capacity and for the financial sector to be overvalued relative to loan exposures.
Though the subject of costs and charges to investors has always been an issue, the arrival of a lower return environment and greater market volatility have brought this into sharper focus. America is facing the same downward pressure on costs as we are, but they’re a bit further on this journey. Advisers in the US […]
Three advisers reveal their recipes for success when taking on a trainee Young people are the lifeblood of a firm, but what should you consider when hiring a trainee? Three advisers who have gone down different routes share their experiences. Not a ‘mini-me’Bringing in a graduate as a trainee administrator/paraplanner was part of a broader […]
Wrap platform Novia saw its profits before jump by 72.5 per cent to £5.6m in 2018, on the back of increase in its assets under administration. Novia AUA increased by 5 per cent to £6.1bn. According to the company, the performance was dented by a significant market drop in the fourth quarter of 2018. Novia […]