Australia's ASIC, in a recent release, notes that it is working alongside multiple global regulators to clamp down on unlawful 'finfluencer' activity, with warning notices issued for unlicensed advice and misleading claims, and a renewed focus on the responsibility of licensed entities to supervise such activity. The regulator has ...
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The UK’s Financial Conduct Authority reports that Sapia has agreed to make a voluntary payment of over £19.6m to WealthTek clients after failing to adequately safeguard client money, with the regulator issuing a formal censure against the firm. The failures centred on weak internal controls, particularly the lack of ...
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By Lee Rossini
As financial planners approach retirement, succession planning should be a strategic decision rather than a last-minute event. Industry trends show many planners nearing retirement age, expect their business to change hands in the next decade. A well-structured succession plan ensures business continuity, protects client relationships, and maximises business value. Several options are available, each with advantages and disadvantages:
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