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5 Ways Leaders Can Eliminate Stress And Reboot For Change In 2021

by Joel Patterson, the founder of The Vested Group and author of “The Big Commitment: Solving The Mysteries Of Your ERP Implementation

As a challenging year winds down, companies are sifting through what worked and what didn’t as they prepare to reboot for 2021 after dealing with the many difficulties brought on by the pandemic.

And if a business is planning significant changes in its operations in the New Year, the leadership team’s empathy for the workforce is vital in the process. Leaders need to be empathetic to help their employees manage stress and stay productive, especially in these unprecedented times. The holidays always add stress, but company transitions heading into the New Year, magnified by the uncertainty we all face due to COVID-19, can send that stress off the charts.

For example, when a company installs new software or makes other major changes in operations and Read the rest

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Key platform switch criteria revealed in new report

Financial advisers are placing more focus on financial strength when considering switching platforms, according to a new study.

The report by analysts AKG suggests that financial strength is becoming a more important factor for advisers when selecting a new platform.

Despite this only just over half said it had been an important criteria when choosing their existing platform. The research suggests that financial strength may be the most “under considered” factor when initially selecting a platform.

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AKG, which provides financial strength ratings and other financial analysis, said the study suggested the financial strength of a platform was becoming more important to advisers when switching platform.

Overall, advisers were most likely to have chosen their existing platform based on charges, investment options and online functionality.

CRITERIA FOR SELECTION1 – TOP 5

BIGGEST CONCERNS WHEN ISSUES ARISE – TOP 5

Charges – 74%

Charges – 66%

Investment options –

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How To Build Up A Real Estate Investment Portfolio In 2021

by Mateo Monsalve Molina, Founder and CEO of Loyalty Property Advisors

Warren Buffett, the notorious business tycoon, once said: “Be greedy when the others are fearful,” and one would hardly find a more timeless quote when it comes to investment. After all, it perfectly fits the current situation as well. While many of us are holding our breath, savvy investors are already dividing the biggest pieces of the property market pie.

Although the fabric of real estate is changing considerably, the sales are far from plunging even despite the pandemic. Real estate remains a favored option because it can be owned indefinitely, tends to appreciate in value, and has predictable cash flow with profits that can be further reinvested. Unpredictability or not, it continues to represent a potent way for anyone to multiply their wealth.

So, whether you’re looking to grow your portfolio in 2021, or you’re eager to … Read the rest

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Chartered Financial Planner secures bigger HQ

Expanding Chartered Financial Planning firm Equilibrium has shown confidence in the future by taking a 15 year lease on a new HQ office building for its 89 staff.

The Cheshire-based firm has moved from two older buildings to 23,000 square feet of new premises in Ascot House, Handforth.

The company manages £1bn worth of assets and has a turnover of over £10m. Recently the firm announced it would invest client money only in fund groups that meet ESG criteria.

Equilibrium was founded in 1995 by Colin Lawson and specialises in all areas of wealth management, including Financial Planning, investment management, pensions, tax planning and estate planning. 

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Managing partner Gaynor Rigby says that the relocation will provide space for further expansion.

She said: “We’ve been in our old office for nearly 15 years, and we really made it our home – the whole team has some great memories there,

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4 Workers’ Comp Mistakes New Business Owners Make

One of the primary concerns for new business owners is what type of insurance or bonding they may need before beginning operations. This is always largely determined by the industry and type of work they will be performing. Of course, the number of people employed by the business will matter as well. All of these questions will have an impact on the necessary operational expenses for all new business owners.

Workers’ compensation is assuredly one of those major concerns because it is often a legal requirement and a significant component of the business operating budget. Here are a few mistakes to avoid when setting up your business, and evaluating the workers’ compensation insurance needs.

1. Failure to Maintain Coverage.

The first mistake many business owners make is not providing any coverage for workers. Not only is it required by law for most employers, but it can leave the owner vulnerable … Read the rest

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Unbiased reveals award-winning advisers

 

Online adviser directory provider Unbiased has revealed the first winners of its new Trusted Professional Annual Awards.

The awards are for financial advisers, mortgage brokers and accountants and were presented at an online ceremony this week. Entrants were nominated by clients and peers.

The top award, the Unbiased Excellence Award, went to IFA Antony Cotchobos of Aurum Capital.

He received a particularly high number of nominations from clients, Unbiased said. One client praised his “clarity and transparency.” He was also highly rated for presenting multiple options and patiently explaining the features of each one.

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The client said: “With Antony, I always had the feeling he was working for me. A very positive, really professional experience.”

The winners were:

Unbiased Excellence Award: Antony Cotchobos, Aurum Capital London

Financial Adviser of the Year: Mary Hemingway, Truly Independent (highly rated for helping a client who feared he had lost all his

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Post COVID – How To Bring Your Employees To The Office Safely

Since the coronavirus breached these shores, we’ve seen a huge surge in the number of employees working remotely and from home.

In fact, it’s estimated that 46.6% of the UK workforce operated remotely in April 2020 alone, with 86% of this number doing so solely as a result of the coronavirus pandemic.

While several larger companies have pledged to maintain remote working as a permanent arrangement, however, many are planning to bring their employees back sometime after spring.

But what steps can you take to do this successfully and safely?

1. Take Steps to Assuage Your Employees’ Concerns.

According to some surveys, almost half of workers want to continue working remotely even after a vaccine has been rolled out for the coronavirus pandemic.

This is a significant gap that employers will have to bridge in the near-term, especially with a growing number of firms pledging to maintain remote working … Read the rest

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Family Office buys Isle of Man fiduciary IQE

Boston Multi Family Office has completed its acquisition of IQE, an Isle of Man fiduciary, following approval by the Isle of Man Financial Services Authority.

The deal is the first acquisition since the management buyout at Boston in 2019.

All of IQE’s services and clients will transfer to Boston’s Isle of Man headquarters.

IQE Limited directors David Karran, Moira McHarrie and Anne Couper Woods have joined Katherine Ellis, Alex McNee and Sarah Ingrassia on the Boston board, with other IQE staff also transferring to Boston’s Hill Street offices.

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Boston CEO Katherine Ellis said: “We are delighted to welcome our new colleagues and clients to the Boston family. Due to the Coronavirus pandemic, this acquisition was, by necessity, managed entirely remotely so it is very pleasing that we can now work together as one team.

“I would like to acknowledge the professionalism of staff at both companies in bringing

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Who’s The New Boss? How To Avoid Succession Planning Mistakes

by Jennifer Mackin, ForbesBook author of “Leaders Deserve Better: A Leadership Development Revolution

Many corporations have endured a rough 2020 that included the resignations of top executives at some major brands. Will their replacements be ready? It’s a fair question, especially if the new company leader is promoted from within. Studies show many senior leaders don’t think their companies properly educate and prepare future leaders for succession.

If an organization has no pipeline of leaders ready to take over senior leadership positions, then a lack of succession planning can be catastrophic for even the most enduring company. Many companies don’t find the development of leaders significant until they are readying for succession planning, embarking on a new venture, or weathering storms that threaten their viability. This reactive approach is risky because development takes time.

It’s time for CEOs, senior leaders, and heads of HR to modernize … Read the rest

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Editor’s Column: Ominous failure of PI-hit adviser

 

Sceptics may have questioned warnings that the soaring cost of Professional Indemnity Insurance would put some advisory firms out of business. They may have to eat their words.

This week we learned that wealth manager Harwood had placed its subsidiary, appointed rep adviser firm Network Direct, into voluntary administration due in part to rising Professional Indemnity insurance costs.

It’s one of the first cases of an adviser firm being put out of business due to PI costs. Fortunately in this case another firm, Adviser Services Holdings Limited (ASHL), has swooped in to take over the remnants of Network Direct and offer its advisers new contracts.

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Network Direct’s advisers have been fortunate in this instance. Others in the future may not be.

Some may see Network Direct as a weak business and guilty of its own misfortune but it’s been around for 10 years and its advisers operated as

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