Clients withdrawing funds to plug financial shortfall, advisers say
Amid the cost of living crisis advisers are seeing significant changes in their clients’ behaviours
Industry
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UK financial advice group enters administration
With all assets transferred to its sister company
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UHNW investors eyeing up more private equity assets
Making it the second-largest asset allocation in UHNW portfolios
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UK IFA firm fails
With the FSCS receiving claims in regard to the British Steel Pension Scheme
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Endowus raises $35m in funding round
Singapore-headquartered digital wealth adviser tapped Citi Ventures and MUFG Innovation Partners for funding.
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Quilter Cheviot eyes ‘bolt-on acquisitions’
And also wants to expand its advice operation internationally
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UK platform market set for consolidation
Door is ‘well and truly open for larger players to potentially acquire distressed platforms at knockdown prices’
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Advisers missing out on benefits of intergenerational planning
As only 30% say they have discussions with clients’ children
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UK wealth manager launches franchise-style model
It will complement the existing business
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Investors Trust rolls out online university for advisers
It will only be available for IFAs working with the firm
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Seven firms declared in default in last two months
This means firms have gone out of business and are unable to meet any claim themselves
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Plan First Wealth partners with Optimise to provide cross-border tax service
Allowing clients to access US tax preparation and advice