The Financial Club’s Post

🔥 Hot off the presses! Discover the real trailblazers of Croydon's financial services sector in 2023. These rising stars, their innovative ventures, and relentless dedication to financial modernization deserve your attention. 🔥 💼 See it all for yourself here 👇: https://lnkd.in/e7-mfFcn 🌟Featuring: 💥 Niche Advice Limited is shifting the gears of financial advisory and insurance services. 💥 Elev8 Finance, leading the way in equitable financial solutions, makes credit more approachable than ever. 💥 richard keys accountancy is not just about bookkeeping - it's a hub for all things business-related. 💥 Claimer , led by Adam McCann, streamlines R&D credit claims. 💥 Forbes Alexander Consultants & Actuaries maximize efficiency in employee benefits and financial planning. 💥 Oakam Ltd, headed by Frederic Nze, is redefining micro-lending through technology. 💥 Inalytics, with Rick DiMascio at the helm, helps asset managers perfect their game. 💥 Neptune Software Group, pushing boundaries in financial systems technology. 💥 Sable International balances expertise in a range of financial services. 💥 Premier Pensions Management is the go-to consultancy for all pension and wealth matters. 💥 Lucra will guide you through the maze of financial planning. 💥 NatWest International takes online banking to another level. 💥 GoCaptain - not just driving courses, but a financial manoeuvre. Amplify your knowledge of these remarkable professionals by tapping into the link above!👆 Better yet, show some support, connect, share, and join the conversation. 🔗 #FinMag #Croydonfinance #risingstars #Croydon #financialservices2023 #financeindustry #FinTech #UnitedKingdom #innovation

In the ever-evolving financial landscape of 2023, a distinctive trend emerged, and top financial institutions are predicting a significant rise in the influence of independent advisors in 2024. What sets this forecast apart? It's the undeniable allure of serving the clients’ best interest, high payout rates and the pursuit of professional freedom. 1. The Independent Advisor Renaissance: Forecasts suggest that independent advisors will take center stage in 2024, redefining the industry's narrative. These financial trailblazers are poised to reshape the landscape, driven by a compelling desire for autonomy and the ability to forge their unique path. 2. The Pinnacle of Payout Rates: An unmistakable theme resonating among financial professionals is the quest for high payout rates. Independent advisors, in particular, are seeking platforms that not only acknowledge their expertise but also offer substantial rewards. Enter Candor Group, a veteran in the industry, perfectly positioned to meet this demand with its impressive track record. 3. Freedom Redefined: 2024 is witnessing a resounding call for freedom among financial professionals. Independent advisors, at the forefront of this movement, are prioritizing flexibility. The freedom to work on their own terms is non-negotiable, and Candor Group stands out as a beacon, offering a supportive environment that encourages a healthier work-life balance. 4. Technological Symphony for Independent Triumph: In sync with the rise of independent advisors, financial institutions predict a deeper integration of technology. Candor Group, with its 28 years of industry experience, is at the forefront of this movement. The firm's commitment to top funds, and technological advancements positions independent advisors for success in a rapidly changing financial landscape. 5. Advisors as Visionary Entrepreneurs: The landscape of financial advisors is evolving into one of visionary entrepreneurs. Independent professionals, viewed as business owners, are turning to platforms that support their entrepreneurial spirit. Candor Group, with a rich history spanning 28 years, excels in providing the necessary tools and support for advisors to create personalized, client-focused experiences. How does Candor Group foresee the trends of 2024 and its role in shaping the future for independent advisors? Candor Group Spokesperson: In 2024, we anticipate the rise of independent advisors to continue, and we're here to amplify their success. Our platform is designed to meet the demand for high payout rates, providing an environment that nurtures individuality and flexibility. With our technological prowess and commitment to supporting entrepreneurial ventures, Candor Group is well-poised to lead advisors into this empowering era. Are you ready to be a part of it? https://lnkd.in/grPBr5M2

MoneyOwl, a “bionic’’ financial adviser set up by NTUC Enterprise Co-operative Limited, is winding down 5 years since it began operations in 2018. Unlike other robo advisers who focus mostly on investments and portfolio services, MoneyOwl was established to provide comprehensive financial planning. Financial planning was initially free on a promotional basis. MoneyOwl is one of only two robos allowed to offer #investment services for the CPF Board Investment Scheme. The other is Endowus. MoneyOwl built a contact base of 91,000. Of these, 45,000 set up accounts. About 23,000 signed up for one of its 4 services. But only 10% or 9,700 opted for a revenue-generating service, which suggests that few acted on their financial plans. While many recognised the importance of financial planning, most did not take further actions, and far fewer were inclined to pay financial planning fees or purchase investment or insurance products through which we earned revenues. The investment business is tough to do for lower-income #households. While they really need to save for their #retirementplanning adequacy, they may not understand investing very well and need a lot of #education and #risk coaching. Yet their investment amount may be too small to make the business commercially viable. https://lnkd.in/g6GQ672V

I have some bad news if you suffer from ochlophobia (the fear of crowds) 😱. We will have a record attendance (set to exceed 500 of the industry's finest!) at the Autumn Asset Finance Connect Conference on November 29th in London. Tickets for the conference are in short supply – but a few are still available. So don't delay if you want to attend! 🏃♀️ Contact me today to secure your place. Everyone else will be there, will you? Why is this event so popular I hear you ask? 🤷♂️ Well, you can find more info about the event and the agenda here: www.afcconferenceuk.com. But let me tell you just some of the reasons: The Autumn 2023 conference will have no less than 3 Professors 👨🏫 👩🏫 👨🏫 speaking at the event: Professor David Greenwood from Warwick University; Professor Karen Elliott from Birmingham University; and the industry’s own Professor Paul Jennings from Aston. We also have 3 chairs of the FLA (1 current and 2 ex-chairs): the new chair John Phillipou from Paragon Bank; Richard Jones from Motonovo and AFC’s own David Betteley. There will be 3 fantastic workshops including our Auto Decisioning workshop which will focus on next generation credit decisioning, which has 55 participants (also our largest ever workshop); our BrokerZone workshop which will contain a private and a public session for existing broker members and prospective members respectively; and our Next Gen workshop produced in association with the Leasing Foundation which will focus on diversity and inclusion. Asset Finance Connect’s conference focusses on 3 discrete communities within the wider industry – our Auto Finance community, led by David Betteley will focus on increased concerns about the impact of Consumer Duty; our Asset Finance community, led by Stephen Bassett which will focus on economic outlook and the outlook for 2024, on the increasing concern around the impact and cost of compliance for lenders mostly focused on unregulated business, and the use of technology to organise and manage the interaction between lenders and brokers better; and our Equipment (vendor) Finance community, led by John REES which will focus on how sustainability and the trend towards direct to customer platforms is changing the decision by OEMs between captive, joint venture and vendor finance partnerships. We will be announcing the 30 under 30 award winners 🏆 – a well established and very successful project run by the The Leasing Foundation which we are pleased to support. You will have the opportunity to meet the industry's leading and most innovative suppliers, including FIS, Alfa Financial Software, NETSOL Technologies Inc., Acquis, Odessa, Solifi, Sopra Banking Software, Lendscape, Bynx, CGI, Great American Lease & Loan Insurance Services, LTi Technology Solutions, Shoosmiths, FICO and Nivo. There of course many more reasons why you should attend (including the networking 🤝) but you need to be quick to not miss out! #AssetFinance #EquipmentFinance #AutoFinance

The role of the modern financial advisor as we know it is evolving–and for the better. One trend shaping the future of financial advice is the adoption of the family-office service model by modern firms. This model, while historically reserved for the ultra-wealthy, is now being democratized and offered to a broader audience. In the past, the family office service model was used to provide a ‘full suite’ of financial planning services to ultra-high net worth clients. For example, the family office advisor might offer tax planning, charitable distributions, estate planning, and/or succession planning within the network of experts at the firm (such as lawyers, accountants, financial planners, etc.). Client Life Management is pivotal to the success of the modern advisor. This approach enables advisors to engage with clients at every stage of their journey, from onboarding through to legacy planning and beyond. Using a Digital Vault makes financial information, data, and documents central for the client: all their relevant documents, in one safe place. This sets a firm foundation for the client service relationship, as advisors can now address the entirety of the client’s financial, business, and personal life. It also allows clients to relax knowing their documents, and all of the decisions that go along with them, are safe. Living and working in cluttered spaces can cause stress and anxiety, according to the American Psychological Association. It’s reasonable to suggest financial clutter might operate in the same way. By addressing the entirety of a client's financial, business, and personal life (plus keeping it organized and safe) advisors can forge a deeper, more meaningful relationship. This comprehensive engagement strategy serves as a digital moat, enhancing the firm's competitive position by fostering trust, expanding influence across family members and generations, and ultimately, creating a highly referable business. The value proposition of adopting a Client Life Management perspective is clear. It allows advisors to become indispensable, guiding clients through life's complexities with sage advice and integrated solutions. This not only elevates the advisor's role, it also solidifies their position as a trusted partner across generations. https://lnkd.in/gnY2U5Hm #FinancialAdvisor #FamilyOffice #Future #Fintech #WealthTech #AdviceTech #DigitalVault #FutureVault

Have You Lost That Lovin’ Feeling? Are you a passionate advisor in a Bank Trust/Private Wealth environment who loves your clients and loves providing valuable, strategic planning advice to help your clients navigate today’s challenges? Have you fallen out of love with your current organization? We know the feeling. Maybe the constant hamster wheel of sell, sell, sell and pushing your company’s products/strategies has taken its toll on you? We felt that too. Has your compensation become increasingly opaque and disconnected from your actual performance, regardless of how hard you work? We too know that frustration. How about a declining company culture, ever-changing initiatives/priorities? Ever wish you could just focus on your clients, take phenomenally good care of them and have fun again? Yup, us too. So what do you do about that? Does it seem like every other bank has the same issues? So simply changing brands doesn’t seem to solve the problems. That’s what we thought too. Maybe you have spoken with an RIA or two? Did you find that their cultures were so far from the fiduciary mindset that you want, with cultures that were less team-based and more lone-wolf? That is exactly what we found too. What about compensation? Leaving a high-income role as a seasoned advisor can be scary for most of us. We had families to support and found the idea of a fresh start without any safety net to be scarry too! What did we, the founders of PostRock Partners do? We built the firm we always wanted – an outstanding client experience and investment platform that empowers us to efficiently work with the clients we love, in a culture we love, with a team we love with all the client tools/resources, and more of a big bank. What about benefits, you ask? We also wanted all of the employee benefits of a big bank, so we have those too. Oh and we brought along the fiduciary mindset we are proud to be steeped in, removed the sales pressure and prioritized more thought-time to plan, advise and serve clients well. We are looking for great advisors with that same passion, knowing they will have the same reservations that we did. So, we asked ourselves what we would want to help us make the move more confidently and comfortably and we built just that. Then we built a bridge to make it easy for seasoned advisors to make the transition stress-free. If this sounds like what you have been searching for, we should talk. Also, please share this post with any other advisor(s) who may feel like we did. We can help! PostRock Partners LLC is a registered investment advisor.

Thrilled to spotlight North Yorkshire’s movers and shakers in the financial services industry. Our latest feature on Finmag enlightens us on the innovative startups that are fundamentally reshaping how we handle our finances. From industry disruptors to sustainability advocates, this lineup of startups is certainly worth keeping an eye on! [Link to post] https://lnkd.in/es66MH-W [Featuring:] Gale and Phillipson – An Independent Financial Adviser committed to delivering reliable financial advice and solutions. FAMILY FIRST FINANCIAL SERVICES LIMITED – A pioneer in insurance and investment advisory, providing tailored financial planning solutions for families. Environment Bank – Founded by David Hill and James Cross, it's an innovative solution advocating for environmental responsibility in financial dealings. Grosvenor – Providing a wide variety of financial services including fund management and private equity. Sustainable Future - A leading advisory fund promoting sustainable projects and renewable energy solutions. Howard Matthews Partnership – A reliable and trustworthy financial consultancy service for businesses and individuals. Lithgow Perkins LLP – Offering comprehensive business and personal advisory services. ELLIS BATES FINANCIAL SOLUTIONS LIMITED – Your trusted partner when it comes to bespoke financial planning. Ethos Asset Finance Limited – Providing financial solutions in commercial funding and Asset refinancing. Consumer Credit Compliance Limited – The name you can trust in providing assistance for FCA queries & detecting compliance risks. PROSPERIS – Leading wealth management service that crafts tailor-made financial strategies. Cooper Johnston Wealth Management A one-stop solution for personalized financial planning and wealth management. iboss – Expert in asset management and providing financial advice. Remember, these companies are putting North Yorkshire’s financial services sector on the map. #FinTech #Startups #Finance #Innovation #FinancialServices #NorthYorkshire Stay tuned for more on the pulse of financial innovation in the UK!

🌟 Calling All Innovators: Open Finance Data Innovation Challenge! 🌟 We launched a unique UK Fintech innovation challenge with FinTech Scotland that aspires to make a difference in UK citizens' financial futures. The Challenge: As life expectancy rises, so does the need for better financial planning. We're looking for groundbreaking solutions that harness the power of Open Finance data to revolutionise how people prepare for the long haul. Whether it's savings, pensions, or investments, your ideas could be the game-changer that shapes the future of financial security. If your idea is successful, you could win up to £50,000 to bring it to life! And that's not all. With the backing of industry giants like NatWest Group PwC and Royal London, you'll have the necessary support and resources to turn your idea into a reality and make a significant impact in the fintech world. How to Get Involved: Whether you're a seasoned pro or a fresh face in the #fintech scene, we want to hear from you! Explore our industry challenges, brainstorm ideas, and let your creativity shine. Test out ideas by utilising our aizle.ai synthetic data sets. No matter where you are in your journey, your perspective could be just what we need. Take advantage of this chance to be part of something special. Together, we can make a real difference in people's lives. 👉 Apply now, and let's build a better financial future together! 👈 https://lnkd.in/e4JS3EFx Bryn Coulthard | David Tracy | Nicola Anderson | Mickael Paris | Kirsty McKenna | Paola Arce

Many struggle with tracking expenses, saving effectively, and investing wisely, leading to financial stress and insecurity. The complexity of financial management often results in a disjointed approach, with individuals juggling multiple apps and tools, each catering to different aspects of their economic life. The impact of poor financial management extends beyond personal stress; it affects overall economic stability and individual well-being. A holistic solution that simplifies financial planning and provides comprehensive insights is essential for fostering financial health and security. Zactor Tech, is a company dedicated to transforming the way people manage their finances. Zactor Tech offers an all-in-one digital personal finance platform designed to help users take control of their financial future. Founded by CA. Abhishek Walia and Shivam Parihar, Zactor Tech is driven by a #mission to empower individuals through innovative financial solutions. The founders recognized the need for a comprehensive platform that combines advanced analytics with personalized recommendations to help users achieve their financial goals. Zactor Tech’s platform offers a range of features designed to enhance financial well-being. Users can assess their financial health in under two minutes, gain insights into their savings and investment habits, and receive personalized recommendations. The platform’s intuitive tracking feature allows users to monitor their financial growth and identify areas for improvement, ensuring they stay on track toward their goals. It's an AI-powered financial advisor, that provides tailored investment recommendations based on users' goals and risk tolerance. This AI-human expert duo ensures that users receive the best advice possible, helping them make informed decisions about their finances. The platform also offers step-by-step action items, guiding users through their financial journey with bite-sized tasks designed to improve their financial health. The platform uses industry-standard encryption and security protocols to protect user data. In addition to its core financial management features, Zactor Tech offers educational resources to help users build their financial literacy. Zactor Tech is an AMFI-registered Mutual Fund Distributor, bringing expertise and reliability to the investment process. The platform allows users to diversify their portfolios by investing in mutual funds and fixed deposits effortlessly, ensuring their financial growth. With a #vision to revolutionize financial planning and wellness, Zactor Tech is committed to making a positive impact on millions of livesy by offering a comprehensive, secure, and user-friendly platform,Zactor Tech enables individuals to take control of their finances, make informed decisions, and secure a prosperous future. Learn More: https://lnkd.in/gYRqzSHf

Financial advice is evolving, and it's not just about traditional consultations anymore. moneyGPS and its co-founders George Haramis and Drew Fenton were featured in a recent article in Professional Planner about how they are using technology to make financial guidance more affordable and accessible. By using their algorithms & calculation engine, the moneyGPS and accountantsGPS platforms enables users to type in their current financial situation and where they want to go so that the bots can guide their journey. Read the full article via the link below. #accountantsGPS #moneyGPS #digitaladvice #professionalplanner