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1 week ago | 
moneymarketing.co.uk | Dan Cooper |Ed Dymott |Kimberley Dondo |Phil Jeynes
Over two thirds (69%) of advisers are ready to “break up” with their CRM system, new research from Twenty7tec and Smart Money People has found. The study revealed that advisers’ relationships with these systems are coming under serious strain. Just 12.3% describe themselves as very satisfied with their current provider, while a third remain neutral. Almost half of respondents (43.4%) say a client portal is very important in their CRM, while a further 36.4% say it’s somewhat important.
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2 weeks ago | 
moneymarketing.co.uk | Tom Browne |Ed Dymott
Discretionary model portfolio services (MPS) have seen a sharp rise in assets over the past year, significantly outpacing growth in underlying platform assets, according to the latest data from NextWealth. Its bi-annual MPS tracking study shows discretionary MPS assets increased by 11% over the past six months and 25% over the past year. In contrast, assets on adviser platforms grew just 5.3% year-on-year.
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2 weeks ago | 
moneymarketing.co.uk | Momodou Musa Touray |Ed Dymott
St James’s Place (SJP) recently hosted what is believed to be the largest-ever financial adviser careers day, attracting more than 2,000 students from across the UK. Delivered in partnership with Young Professionals, the virtual event marks a significant step forward in the industry’s efforts to tackle diversity, broaden access and raise financial literacy among young people.
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Jan 30, 2025 | 
moneymarketing.co.uk | Momodou Musa Touray |Ed Dymott |Darius McQuaid
National advice firm Shackleton has cut its platform fees for existing and new clients on the Shackleton Hub and reduced the overall cost of its funds. The changes will come into effect on 1 February 2025. From that date, the starting rate for investments between £0 and £500k will drop from 0.23% to 0.20% – a 13% reductionFor investments between £500k and £1m, a new tier is introduced with an even lower rate, dropping from 0.23% to 0.15% – a 35% reductionAll other charges remain unchanged.
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Jan 29, 2025 | 
moneymarketing.co.uk | Dan Cooper |Ed Dymott
Threesixty has developed a compliance management suite designed to support advice firms of all sizes. The suite, called ‘Trust’, is designed to simplify regulatory risk management by streamlining the organisation, review, tracking, and evidencing of compliance tasks. It also supports firms in demonstrating that they are actively monitoring the Consumer Duty outcomes.
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Jan 21, 2025 | 
moneymarketing.co.uk | Ed Dymott |Dan Cooper |Emmelia Powell |Kimberley Dondo
Artificial Intelligence (AI) is set to transform financial planning over the next 3-5 years. It will automate manual processes, efficiently converting tasks that currently take hours into minutes, reduce compliance burden and improve the quality of advice. The impacts of AI extend far beyond financial planning and it will find its way into pretty much every walk of life. It already is.
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Dec 3, 2024 | 
moneymarketing.co.uk | Ed Dymott |Tim Sargisson
Quilter Cheviot has launched an investment proposal tool to help advisers promote and implement its on-platform model portfolio service (MPS) investment proposition to clients. The tool will use a minimal number of adviser-provided details to create a proposal for a client. The proposal will include details including the account type and value, the investment objective, time horizon and risk tolerance, the investment platform, the pricing structure and expected charges and the strategy factsheet.
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Nov 29, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Dan Cooper |Ed Dymott
Good morning and welcome to your Morning Briefing for Friday 29 November 2024. To get this in your inbox every morning click here. VCTs raised £12.5bn to invest in smaller companiesVenture capital trusts (VCTs) have raised £12.5bn to invest in thousands of smaller companies, according to the Association of Investment Companies (AIC). Last year VCTs raised £882m, the third highest figure on record, following £1.3bn in 2021/22 and £1.08bn in 2022/23.
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Nov 28, 2024 | 
moneymarketing.co.uk | Ed Dymott
The peak age for retirement planning becoming an advice priority 55, a new study by St James’s Place (SJP) has revealed. The study, which surveyed just under 12,000 individuals, found that the top three advice priorities across the country were retirement planning advice, general investment and savings advice, and better budgeting. However, there is a large generational divide as cost of living and budgeting see younger generations push retirement planning down the line.
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Nov 27, 2024 | 
moneymarketing.co.uk | Dan Wiltshire |Ed Dymott |Robin Powell
I’ve been thinking a lot about death recently. I turn 40 in August, so I’ve put this down to my looming mid-life crisis. Mid-life crises have a bad reputation, characterised by questionable wardrobe choices, infidelity and impulsive “I’m still cool” purchases. These negative, self-destructive stereotypes are embedded in our culture, as the recent Jilly Cooper Rivals TV adaptation vigorously demonstrates.
