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Affluent married individuals hold on average £791,000 in wealth, compared with £653,000 for divorced individuals, a gap of 18% according to a new report.
This leaves divorce costing on average £138,000, according to the report from Handelsbanken Wealth & Asset Management.
The wealth gap was wider for women. The gap for divorced women to married women was £153,000 compared to £113,000 for men.
The number of affluent divorced people has risen from 1.369m to 1.436m over the past
... moreAffluent married individuals hold on average £791,000 in wealth, compared with £653,000 for divorced individuals, a gap of 18% according to a new report.
This leaves divorce costing on average £138,000, according to the report from Handelsbanken Wealth & Asset Management.
The wealth gap was wider for women. The gap for divorced women to married women was £153,000 compared to £113,000 for men.
The number of affluent divorced people has risen from 1.369m to 1.436m over the past two years.
Divorcees were wealthier than they were two years ago, with total wealth up 8.7% to £937.8bn and average wealth up 1.2% to £576,610.
Divorced women accounted for nearly two-thirds of the total number of affluent divorced people.
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Christine Ross, head of private office (north) and client director at Handelsbanken Wealth & Asset Management said: “Divorce, no matter how amicable, has a major impact on people’s lives and their long-term average wealth – engendering a £138,000 gap between married individuals and divorced people.
“The impact is worse for divorced women compared with married women and divorced men, but there is some positive news in that divorced people are generally becoming wealthier. This could be down to more people taking advice from someone independent who can help them find a financial solution which works for both parties.”
The research was based off Government data on the wealth of those with a household net financial wealth of over £200,000.
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Propel(x) is a digital investment platform that allows accredited investors to invest in high-growth potential startups.
The post Propel(x) Review: Invest In Startups appeared first on The College Investor.




Today, I’ll share how we’re doing with our real estate crowdfunding investment. Investing in real estate is a proven way to build wealth. I got started by renting out our ... Read more
The post Our
... moreToday, I’ll share how we’re doing with our real estate crowdfunding investment. Investing in real estate is a proven way to build wealth. I got started by renting out our ... Read more
The post Our Real Estate Crowdfunding Investment Performance appeared first on Retire by 40.
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For bigger businesses and growing companies, here are the main areas of focus for tax planning ahead of end of financial year.
This post originally appeared on MYOB Pulse.




This is what it looks like when people say I don’t care what stocks I own, just sell some of them, says Ritholtz’s Brown from CNBC....
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In a contract for deed transaction, the buyer skips the traditional mortgage lender and works out a deal directly with the seller. That sounds great on paper, but contract for deed sales have plenty of downsides. Learn more about this unusual type of real estate deal.
The post Contract for Deed – Meaning, Pros & Cons of This Real Estate Agreement appeared first on
... moreIn a contract for deed transaction, the buyer skips the traditional mortgage lender and works out a deal directly with the seller. That sounds great on paper, but contract for deed sales have plenty of downsides. Learn more about this unusual type of real estate deal.
The post Contract for Deed – Meaning, Pros & Cons of This Real Estate Agreement appeared first on Money Crashers.
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This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save
... more Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Do you need extra money? Who doesn’t? Well, you’ve come to the right place. We’ve compiled a list of 50 creative ways to add more […]This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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Capita-owned business software provider Synaptic has added pre-sales reporting, comparison and switching to its Pathways tool.
Synaptic said that, combined with existing features, Pathways now offers a ‘complete end-to-end’ solution for Financial Planners.
The new features include ex-ante (pre-sales reporting) illustrations and reports, cost and charge comparisons, and investment switching facilities.
The new additions are the latest in a series of updates to Synaptic’s tools.
... moreCapita-owned business software provider Synaptic has added pre-sales reporting, comparison and switching to its Pathways tool.
Synaptic said that, combined with existing features, Pathways now offers a ‘complete end-to-end’ solution for Financial Planners.
The new features include ex-ante (pre-sales reporting) illustrations and reports, cost and charge comparisons, and investment switching facilities.
The new additions are the latest in a series of updates to Synaptic’s tools.
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Ben Rogers, managing director of Synaptic, said: “The new features available in Pathways for financial advisers will further improve usability. By combining the latest technology with the power of the Salesforce™ platform, this solution will enable advisers to focus more time on their clients and create an even better user experience.”
Synaptic Pathways is built as a Salesforce platform application and is integrated into Salesforce.
Pathways is available for both Salesforce CRM users or as an external application that can be integrated into other CRMs, including bespoke integrations on request.
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Noel Maye, the founder CEO of the global Financial Planning Standards Board (FPSB), is to step down from the body at the end of the year.
Mr Maye is one of the best known figures on the global Financial Planning scene and helped set up the FPSB – which sets standards globally for Certified Financial Planners (CFP) – in 2004.
In the UK the Chartered Institute for Securities & Investment is the local body for CFP certification and a member of the FPSB.
Globally the number of CFP
... moreNoel Maye, the founder CEO of the global Financial Planning Standards Board (FPSB), is to step down from the body at the end of the year.
Mr Maye is one of the best known figures on the global Financial Planning scene and helped set up the FPSB – which sets standards globally for Certified Financial Planners (CFP) – in 2004.
In the UK the Chartered Institute for Securities & Investment is the local body for CFP certification and a member of the FPSB.
Globally the number of CFP Professionals has risen from 20,353 in 1990 when the CFP certification went international to 203,312 today. In the UK there are about 1,000 CFP Professionals.
The number of territories with CFP Professionals has risen from 17 to 27.
Other key milestones under Mr Maye have included creating the first Global Financial Planner Competency Profile, joining the International Organization of Securities Commissions (IOSCO) and the Organisation for Economic Co-operation and Development’s International Network on Financial Education and launching in 2017 World Financial Planning Day.
In the UK the FPSB worked for many years with the Bristol-based Institute of Financial Planning headed by CEO Nick Cann. The IFP merged with the CISI in 2015.
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The FPSB, based in Denver, says it has now begun the search for Mr Maye’s replacement.
Mr Maye said now was the right time for him to step back after nearly 20 years with the FPSB.
He said: “It’s been my privilege to have served the international CFP certification programme, global Financial Planning profession and FPSB for two decades.”
“I’m humbled by what the FPSB team, FPSB Network and global CFP professional community have collectively achieved on behalf of the public and the profession. The time is right for me to step back, support the transition to FPSB’s next CEO, and cheer on the FPSB board, team and global Financial Planning community to new heights.”
FPSB board chairperson Garry Muriwai praised Mr Maye for his “drive and passion for the FPSB mission and vision.”
He said: “FPSB has achieved a lot and substantially raised the global profile of Financial Planning and CFP certification under Noel’s leadership. The FPSB board and I are grateful for his contribution and leadership and appreciate his commitment to supporting an orderly transition to a new CEO later this year.”
The FPSB board says that it has “pre-identified” a potential strong candidate to replace Mr May but will consider all suitable candidates who apply to ensure fairness and transparency.
Jacqueline Lockie, former head of Financial Planning at the CISI, said: "It was my pleasure to work alongside Noel when I was the director of training and education at the Institute of Financial Planning and again as the head of Financial Planning at the Chartered Institute for Securities and Investment.
"He has been a significant driving force behind the growth in numbers of CFP professionals across the world and the expansion and understanding of the Financial Planning profession globally. He has been supportive in his role as CEO of the FPSB; willing to support individual countries by flying in to speak at conferences, do interviews and has been an inspiration to many within the profession, including me. I wish him well in his next chapter.”
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A director from recruitment agency Recruit UK has launched a mental health initiative for male Financial Planners.
The Financial Planner Life Talk Club offers men within the profession to connect and support each other.
Male Financial Planners will be encouraged to open up with others about their concerns, fears and challenges to help them to open up, something Recruit UK says can be hard within the male-dominated Planning profession.
Talk Club is a secure mental health fitness community
... moreA director from recruitment agency Recruit UK has launched a mental health initiative for male Financial Planners.
The Financial Planner Life Talk Club offers men within the profession to connect and support each other.
Male Financial Planners will be encouraged to open up with others about their concerns, fears and challenges to help them to open up, something Recruit UK says can be hard within the male-dominated Planning profession.
Talk Club is a secure mental health fitness community helping keep men fit by giving them a friendly and private space to share and support others.
Sessions will ask members to check in with how they are, discuss the positives in their lives, and discuss mental fitness plans.
Sam Oakes from Recruit UK said: “By checking in regularly with yourself and other men, talk club creates a community that we are all missing in today’s fast-paced world.
“A Talk Club is not therapy, it’s exactly what it says, a club for men to talk, it’s about starting the conversation and listening to others.
“Suicide remains one of the leading causes of death worldwide. In England, around 1 in 8 men have a common mental health problem, and it is a known fact that men are 3 times more likely to take their own life than women.
“We have a secure community within the talk club platform, where you are able to check-in 24/7.”
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The Financial Planner Life Talk Club will run for 2 hours a session and each session will host between 8-14 men from the profession.
Mr Oakes continued: “For some time, I have wanted to use my platform to create a mental health community for men within the Financial Planning profession. As a recruiter who has talked to 1000’s of men within the profession over the past decade I was acutely aware of the number of men who were suffering with their mental health, due to the pressures that the job can bring, this was reinforced during lockdown when sadly Nick Gunnel a financial adviser from York took his own life.
“At the time I reached out via social media to express how little I see the Financial Planning profession taking about mental health within the profession, and what could be done about it, the post had a great response and several advisers reached out to me. We started meeting once a week online to discuss our personal experiences of poor mental health and how it affected our careers, families, and our own personal wellbeing. It was then that we discovered the infinite power of talking and listening.”
Financial Planning Life Talk Clubs will be launching across the UK
Interested Planners can contact The Financial Planner Life Talk Club team and view podcasts at https://financialplannerlife.com/
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