money managing

Mon, 24 Nov 2014 15:49:33 GMT

FT Adviser

Advisers increasing minimum portfolio sizes since RDR
FT Adviser
Colin Rodger, managing director at Alexander Sloan Financial Planning, agreed that £50,000 was a realistic minimum for new clients. “Typically the cost of meetings, fact find, research, implementation and compliance would not offer value ... Malcolm Coury, founder of Money Wise IFA, stated that theoretically their minimum was around £25-30,000 for advisory work, rising to £50,000 for discretionary model portfolios. “However, we tend to target clients with at least £100,000 investable, but will always take a view and ...

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Mon, 24 Nov 2014 14:47:55 GMT

Latin America: Money Laundering Grows
Latinvex (subscription)
Money laundering is growing in Latin America despite growing enforcement by both US and Latin American authorities, experts say. “Money laundering has grown and will continue to grow in the region,” says Michael Diaz, Global Managing Partner of Diaz ...

Mon, 24 Nov 2014 13:33:34 GMT

UMaine business students manage $2.3 million on new terminals
The Maine Campus
A group of undergraduate students on campus are getting direct experience in money management by handling a portion of the University's money, approximately $2.3 million. SPIFFY (Student Portfolio Investment Fund) handles a portion of the University of ...

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Mon, 24 Nov 2014 11:34:53 GMT

FT Adviser

Cost of advice falls as IFAs look to go restricted
FT Adviser
Managing partner of the firm, Brian Spence, said, “This sharp move towards restricted status seems to be driven primarily by regulatory pressures.” “Our experience is that today, many IFAs feel like they are only just staying on top of their regulatory obligations, ...

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Mon, 24 Nov 2014 05:47:02 GMT

Billionaire Money Habits: 5 Financial Habits Practiced By The World's Richest ...
International Business Times AU
Forbes.com released its list of the world richest in 2014. The group of billionaires has grown to 1,645 with 268 newcomers. There are a number of familiar names in the list, who have been consistent in growing their business and managing their finances.

Mon, 24 Nov 2014 01:34:09 GMT

Money Management

Licensees agreement could reopen adviser movements
Money Management
Advisers can still move between licensees and retain trail commissions but would need to rely on their former licensee acting as 'a good corporate citizen' and continuing to pay advisers no longer in their advisory group. Claire Wivell Plater, managing director ...

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Sun, 23 Nov 2014 22:17:40 GMT

Money Management

Banned adviser jailed for stealing shares worth $1.5m
Money Management
A former financial adviser has been jailed after being found guilty of stealing shares worth almost $1.5 million to meet margin calls on his mother's margin lending account. Todd Michael King was sentenced to two years imprisonment on Friday, after being ...

Sun, 23 Nov 2014 18:45:36 GMT

Professional Planner

Has a popular solution to managing market volatility kicked the bucket?
Professional Planner
Financial planners know that even intelligent people can become highly irrational when it comes to money. Managing a client's expectations and emotions is just as important as managing their exposure to markets. The “bucket strategy” (or “time ...

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Sun, 23 Nov 2014 13:16:26 GMT

This wealth manager can watch your money – and your back, too
Crain's Detroit Business (blog)
... Group in the Bloomfield Hills office of Merrill Lynch and has carved out two niches to go with her group's traditional wealth management services: serving the investment needs of the LGBT community and helping manage health care costs for the elderly.

Fri, 21 Nov 2014 01:09:58 GMT

Money Management

High price paid for bad planner behaviour
Money Management
The whole industry had been made to pay a price for the actions of whistleblowers associated with the Commonwealth Financial Planning enforceable undertaking and subsequent events, according to Financial Planning Association (FPA) chief executive, ...