Category: Paraplanner
-
Financial Adviser Career: Navigating Roles for Success
Starting a career as a financial adviser involves more than just passing exams. According to Mitchell Harrison, an associate adviser at LBW Business and Wealth Advisors, it is essential for new entrants to prioritize junior roles to bridge the gap between theory and practice in the financial advisory field. The Financial Advisor M&A Guidebook: Best…
-
Record-Keeping Evolution: File Notes Key in Post-SoA Financial Advice
Advice practices with robust record-keeping systems are poised to excel post the Statement of Advice (SoA) era, as the focus shifts towards the significance of file notes as superior evidence in dispute resolution processes. Michelle Levy’s recent proposals advocate for replacing the current legislative framework around SoAs with a principles-based ‘good advice’ regime, emphasizing the…
-
AdvisoryAI Introduces ‘Emma’: AI Revolutionizes Financial Reporting
A new artificial intelligence (AI) assistant named ‘Emma’ has been introduced by AdvisoryAI for financial advisers and paraplanners. This innovative tool offers bespoke reporting capabilities, enabling professionals to create tailored suitability reports using templates specific to their firms. Setting a high bar for accuracy at 95%, AdvisoryAI aims to redefine industry standards for AI-driven financial…
-
Computer Weekly Spotlights IT Sustainability and Women in Tech
Computer Weekly’s Downtime Upload podcast recently featured Caroline Donnelly, Clare McDonald, and Brian McKenna discussing various tech topics, including the launch of the Most Influential Women in UK Technology 2022 list and Lambeth Council’s modernization efforts. Environmental ESG for Tech Efficiency: Sustainability Projects for Positive Impact | $24.92 In a recent episode, the team highlighted…
-
BEA Systems Reports Revenue Shortfall in First Quarter
BEA Systems, Inc., a software provider based in San Jose, California, recently announced its first-quarter results, revealing revenue figures below what Wall Street analysts had anticipated. The company cited challenges in the selling environment, particularly in the Americas, and noted a decline in significant deals during the quarter. This led BEA Systems to adjust its…
-
Advisers Raise Concerns Over FE Analytics Technical Performance
Financial advisers have voiced concerns about the technical performance of FE Analytics, a tool that supports fund research, portfolio construction, and risk profiling. Provided by FE fundinfo, the platform has been criticized for its user experience, particularly during busy periods like the end of tax years. Users have reported issues such as slowdowns, crashes, and…
-
Financial Advisors Embrace Outsourcing Paraplanning for Efficiency and Quality
Outsourcing paraplanning has become a strategic move for many financial advisors and dealer groups seeking cost efficiency and flexibility. It allows them to tap into experienced contract paraplanners for various reasons. Small practices often find it challenging to maintain a full-time paraplanner, while larger dealer groups benefit from outsourcing to streamline their paraplanning workload. Contract…
-
Financial Advice Firm Boosts Efficiency Through Strategic Outsourcing
Outsourcing has become a pivotal strategy for financial advice leaders aiming to streamline operations and enhance efficiency. By leveraging third-party offshore teams, firms can delegate time-consuming tasks, allowing advisors to focus more on client interactions. HOW TO USE A QUICKEN FOR BEGINNERS: Simplify Budgeting and Track Every Dollar: An All-in-One Guide to Financial Planning f……
-
Financial Firms Navigate AI Regulations for Innovation and Compliance
As EU lawmakers refine the AI Act, financial services firms must navigate a shifting landscape where compliance, innovation, and risk management collide. Gordon Baggott, Director of AI at 4most, explores how evolving rules could unlock AI’s potential for firms – or leave them stuck at the starting line. Designing the Future of Risk & Compliance:…
-
Albanese Government Progresses Delivering Better Financial Outcomes Legislation
The Albanese government has reached a significant milestone in the development of the Delivering Better Financial Outcomes legislation’s second tranche. This legislative phase involves the elimination of Statements of Advice (SOAs) and the introduction of various measures aimed at enhancing superannuation fund practices. Treasury has recently released the exposure draft for Tranche 2 of DBFO,…