UK platform market set for consolidation
Door is ‘well and truly open for larger players to potentially acquire distressed platforms at knockdown prices’
United Kingdom
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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
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Parmenion integrates data tools to improve adviser reporting
Fastrak and FINIO will give advisers access to data about their clients’ investments
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Progeny acquires Nottingham-based wealth manager
Taking the firm’s assets under management to £8bn
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Four-fifths of DB pension trustees expected to approach insurer in next five years
With 36% expected to approach one within the next year
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PEOPLE MOVES: Benchmark, Aviva Investors, Schroders PW
Advice business announces CEO change, as asset manager names head of global wealth for UK
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Retail investment advice revenues increase by 3%
As firms pay £166m in professional indemnity premiums
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IFA market set for mass client switching due to wealth transfer
Just 48% of inheriting Brits have a relationship with an adviser used by family members