The Morning Briefing: More IFA consolidation and investors ignoring ESG

Hello and welcome to your Morning Briefing on Wednesday, July 20, 2022. To receive it each morning in your inbox, click here.

One Four Nine makes a fourth purchase

One Four Nine has bought Glasgow-based APC Financial Solutions & Consultancy Services – its fourth acquisition since launching last October.

The move expands the company’s footprint in Scotland. It increases assets under management (AUM) to around £650 million for 2,000 clients and increases the number of employees to 50.

The APC team offers comprehensive financial planning services in all areas of investment and protection.

Investors ignore ESG

Many investors are unaware of environmental, social and governance (ESG) factors, according to a new report from Foster Denovo.

In fact, 60% of investors who took the survey had no knowledge of the existence of ESG investing.

However, a quarter of respondents had invested with ESG factors in mind.

Wealth advice and income protection

The role of a wealth advisor can have a significant impact on a client’s life course, beyond simple wealth management.

Whether a wealthy client is planning for their future with pensions and investment advice or looking to make the most of their savings and looking for investment growth, it all depends on their ability to earn income. and keep it.

Multi-coverage protection plans

In the latest episode, Amanda Newman Smith, screenwriter at Money Marketing, and Gregor Sked, Intermediary Development & Technical Manager at Royal London, explain how multi-coverage protection plans can help advisers meet the new consumer obligation. We’ll also see how these plans can be tailored to meet customer needs and budgets – which is especially important given the current cost of living crisis.

quote of the day

In order to stay ahead of the dismal economic data we’ve been seeing lately, it’s important that people start thinking about how their savings can work harder for them to achieve their long-term financial goals. term.

– Derrick Dunne, managing director of YOU Asset Management, comments on the consequences of the 2.8% drop in wages after inflation

Stat Attack

As cost-of-living compression continues to be a growing concern, a Canada Life study reveals the impact this will have on family members’ ability to financially support their loved ones now and in the future. coming.


Of those who financially support their loved ones (or could), they said the next 12 months would make it harder or they would no longer be able to support them.

Three quarters

They said they would not feel comfortable asking family or friends for financial support


Adults whose parents are alive said they would find it difficult to offer financial support if their parents needed it

Almost half

Say the same for their adult children

More than half

For their adult grandchildren


Are not only concerned about the impact the rising cost of living will have on themselves, but are also increasingly concerned about the known effect it will have on the extended family,


This includes their children




And the grandparents

Source: Canada Life

In other news

Sanlam Wealth, which recently revealed plans to rebrand and change its name to Atomos from September 2022, has announced the appointment of Paul Gordon to the newly created position of Head of Specialist Medical Wealth Planners.

Gordon, who is based in London and reports to Elliott Silk, head of wealth planning, will lead the company’s NHS pensions proposal.

Prior to Sanlam Wealth, Gordon spent 16 years at MacArthur Gordon and previously worked at BMA Services for four years.

He has over twenty years experience in all aspects of financial planning which impact doctors, healthcare professionals and general practitioners, including providing advice in relation to NHS pension schemes.

In his new role, he will be responsible for leading the NHS pensions proposition and working as a central point of expertise for financial planning professionals across the business.

The Personal Finance Society’s financial education program has held a record number of sessions since returning to schools last September.

The My Personal Finance Skills program provides free financial education to schools across the country.

It aims to help students better understand money and leave school “ready for life”. The sessions explain topics such as payslips, debt, savings, insurance and credit.

During the 2021 to 2022 academic year, 700 sessions were held, reaching over 23,000 students.

Due to the cost of living crisis, members of the Personal Finance Society who volunteered to facilitate the sessions revealed an increased appetite among students to understand how inflation will affect the way they manage their money on a day-to-day basis. .

Evelyn Partners is opening a new office in Brighton to support clients in Sussex.

The move will help pave the way for further expansion of the leading integrated wealth management and professional services group in the South East.

Mocatta House’s new offices on Trafalgar Place will provide workspace for its professionals and a place to meet clients.

The initial team based in the new Brighton office will consist of 12 people, but there is room for further growth.

With £55.8bn of client assets under management, Evelyn Partners will be the only top ten UK wealth manager to have an office in Brighton.

By the way

Chancellor ‘examines’ powers to overrule financial regulators (The Independent)

Mortgage strikes threaten China’s economic and political stability (The Guardian)

Rising fuel and food prices push UK inflation to 9.4% (Financial Times)

We are witnessing the death of spendthrift Britain (Daily Telegraph)

Have you seen?

M&G Wealth Advice has chosen Intelliflo as its new technology partner to help accelerate its ambitious growth plans.

Earlier this month, M&G Wealth Advice announced plans to increase the number of advisers from the current level of 400 to 1,000 over the next five years.

After a thorough market analysis and evaluation process, Intelliflo was selected as the successful partner.

It is hoped that this partnership will help M&G achieve this goal and support its current proposals.

Full story here.

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