Managed accounts approach $100bn with strong H2 gains
13 March 2024 by Laura Dew, Money Management
Data from the Institute of Managed Account Professionals (IMAP) has seen funds under management (FUM) in managed accounts approach $100 billion. Money Management previously covered how there has been a 50 per cent rise in advisers’ usage...
New PI insurance targets advisers
11 March 2024 by Insurance News
A Lloyd’s-backed professional indemnity cover designed for financial advisers has launched under a partnership between Adviser Ratings and insurtech Numerisk. The partners say the product will deliver improvements for advisers and insurer...
Salaries taking up almost half of advice firm revenues
11 March 2024 by Laura Dew, Money Management
Advice practices say practice profitability is strong, but staff salaries are taking up almost half of their revenue as the battle for talent heats up. According to Adviser Ratings, some 264 advisers departed the sector in the final quart...
Adviser Ratings launches adviser PI offering
6 March 2024 by Jasmine Siljic, Money Management
Adviser Ratings has entered a strategic partnership to introduce a professional indemnity (PI) insurance solution, aimed at opening up adviser supply and improving trust in the industry. The wealth data platform has partnered with Numeris...
New PI insurance offering launched
5 March 2024 by Todd Wills, selfmanagedsuper
Independent ratings agency Adviser Ratings has partnered with insurance broker Numerisk to launch a professional indemnity (PI) insurance product tailored to financial advisers. The insurance product will use Adviser Ratings and Numerisk ...
Managed accounts on the rise among advisers
5 March 2024 by Shy-ann Arkinstall, Independent Financial Adviser
According to Adviser Ratings’ data, more than half (54 per cent) of advisers were using managed accounts in 2023, noting a 5 per cent increase from 2022. The percentage of advisers using managed funds has continued to increase over the la...
Adviser Ratings JV looks to address imbalanced PI market
4 March 2024 by Chris Dastoor, Professional Planner
Adviser Ratings has partnered with insuretech Numerisk to argue the case for high quality advisers to show they are less of a risk to insurance suppliers, in a bid to solve the issue of rising PI insurance costs. The joint venture aims to...
Culture is king: Retaining PY talent in advice
4 March 2024 by Jasmine Siljic, Money Management
Retaining new entrants in the advice industry as they complete their Professional Year is a key focus for advice firms in 2024, while younger generations increasingly value workplace culture more than ever. Adviser Ratings’ Musical Chairs...
Managed accounts see 50% rise in adviser usage
27 February 2024 by Laura Dew, Money Management
More advisers than ever are using managed accounts with their clients, according to Adviser Ratings, with the sum rising to 54 per cent last year. In 2023, 54 per cent of advisers surveyed said they were using managed accounts for all or ...