Navigating the Future of Financial Advising: A Call to Action

Ensuring Compliance and Building Trust: The Imperative of Documenting and Evidencing Ongoing Reviews In the ever-evolving landscape of financial advising, the stark revelation that 77% of fee income for firms is recurring raises critical questions about the sustainability and integrity of current practices. The Financial Conduct Authority's scrutiny has underscored a fundamental principle: without documented … Continue reading Navigating the Future of Financial Advising: A Call to Action →

The “Plot Twist” of M&A in the Financial Advice Sector: From Advisers to Planners

In the dynamic world of financial services, mergers and acquisitions (M&A) represent a pivotal mechanism for growth, transformation, and adaptation. According to Investopedia, M&A refers to the consolidation of businesses or assets through various financial transactions, which signifies significant changes not only in ownership but also in the strategic direction and operational frameworks of the … Continue reading The “Plot Twist” of M&A in the Financial Advice Sector: From Advisers to Planners →

The Changing Landscape of Financial Advice: A Generational Shift

In the dynamic world of financial planning, a stark transformation is underway, shaped by the values and aspirations of different generations. Recent research and data from the Financial Conduct Authority (FCA) reveal a concerning trend: a significant decrease in the number of young financial advisers, particularly among Generation Z, contrasted with an increase in advisers … Continue reading The Changing Landscape of Financial Advice: A Generational Shift →

Navigating the Retirement Crisis: A Revolutionary Approach for Financial Planners to Secure Elder Boomers’ Futures

In an era where the prospect of retirement is increasingly daunting, the findings of gerontologist Ken Dychtwald in his seminal book What Retirees Want paint a stark picture: the average cost of retirement now exceeds $1,000,000, yet the typical 60-year-old pre-retiree has saved a mere $135,000. This discrepancy signals not just a pending crisis but … Continue reading Navigating the Retirement Crisis: A Revolutionary Approach for Financial Planners to Secure Elder Boomers’ Futures →

Live Forever | Connect Eternal

Eternal Life stands as a testament to the potential of technology to touch the most personal aspects of human existence. Through its innovative use of artificial intelligence, it offers not just a service, but a promise: the promise of preserving the essence of who we are for generations to come. As we navigate the complexities … Continue reading Live Forever | Connect Eternal →

The FCA’s Controversial Strategy: A Catalyst for Change in the Financial Advisory Landscape

The Financial Conduct Authority's (FCA) recent announcement to 'name and shame' firms under investigation has sparked significant debate within the financial services sector. With approximately two-thirds of these investigations concluding without further action, there's a growing concern among regulated advisers about the potential for unwarranted reputational damage. This aggressive enforcement tactic may lead advisers to … Continue reading The FCA’s Controversial Strategy: A Catalyst for Change in the Financial Advisory Landscape →

Unpacking SJP’s £426m Ongoing Advice Review: A Call for Transparency and Integrity

St James’s Place (SJP), a renowned wealth management firm, recently made headlines with its decision to set aside £426m for an ongoing advice compensation review. This action highlights the company's commitment to accountability and fairness, underscoring the importance of delivering on promises to clients. Between 2018 and 2023, SJP embarked on a meticulous review of … Continue reading Unpacking SJP’s £426m Ongoing Advice Review: A Call for Transparency and Integrity →

The Paramount Importance of Reputation and Credibility in Financial Advice

In a world increasingly driven by the quest for financial stability and clarity, the role of Independent Financial Advisers (IFAs) has never been more critical. However, a recent YouGov survey conducted on behalf of IFA firm Continuum highlights a significant barrier in the path towards financial empowerment for many: the perceived reputation and credibility of … Continue reading The Paramount Importance of Reputation and Credibility in Financial Advice →

Financial Advisory Reforms: A Missed Opportunity for Genuine Support

In a recent gathering at a conference organised by software provider Dynamic Planner, Citywire's New Model Adviser reports that Treasury committee chair and Conservative MP for West Worcestershire, Harriett Baldwin, addressed a room full of independent financial advisers (IFAs) on the subject of regulatory reforms proposed by the Financial Conduct Authority (FCA). The reforms, aimed … Continue reading Financial Advisory Reforms: A Missed Opportunity for Genuine Support →

The Game Plan: A Framework For Living

Life, in its essence, is a marvel—a complex, awe-inspiring journey that, despite its challenges, offers boundless opportunities for growth, happiness, and fulfilment. Embarking on the quest to live our best lives is no trivial endeavour. Yet, it is within this pursuit that we uncover the rich tapestry of guidance woven through the annals of human … Continue reading The Game Plan: A Framework For Living →