Latest Wealth Management & Fintech News

Industrial Thought introduces Raw Knowledge, FSL’s data-driven sister company

Financial services group Industrial Thought Ltd has announced the launch of its subsidiary Raw Knowledge, a specialist data provider and consultant delivering a comprehensive Excess Reportable Income (ERI) solution. Backed by its proprietary database, Raw Knowledge offers the most in-depth, accurate ERI data available, tackling one of the most challenging issues affecting investors – reporting on offshore investments. […]

Introducing Raw Knowledge: a letter from Group MD Mike Baker

I have the pleasure of sharing with you the official launch of the Industrial Thought group’s newest company, Raw Knowledge. Raw Knowledge is a specialist data provider and data consultant. It launches today with two initial core offerings: Its comprehensive excess reportable income (ERI) data solution And its bespoke data consultancy service. ERI data The […]

The Horizontal Wealth Transfer: what does it mean for wealth managers?

Women set to inherit trillions Roughly $83 trillion (£62.8 trillion) of wealth is expected to be transferred between generations globally within the next 2o to 25 years. But, with women generally outliving their male partners, intragenerational wealth transfer is likely to come before intergenerational inheritance. UBS estimate that around 10% of this $83 trillion figure […]

SDR: FCA offers temporary flexibility on naming rules

Delayed until April 2025 The UK Financial Conduct Authority (FCA) have delayed the implementation of its Sustainability Disclosure Requirements (SDR) and investment labels regime until next year. The new naming and marketing rules were originally set to come into effect in early December 2024. However, the FCA has decided to push the implementation to April […]

Nearly half of advisers find ESG research ‘confusing’

Advisers lack clear information Advisers are finding ESG research confusing, according to the 2024 Advisers Attitudes Report by financial services firm Aegon. 47% of the 200 advisers surveyed said finding research “confusing” was a key issue for them when selecting ESG investments. A further 30% reported a lack of information was an issue in their selection […]

Industrial Thought appoints Mike Baker as Group Managing Director

Industrial Thought Ltd has announced the appointment of Mike Baker as its Group Managing Director. Industrial Thought is the parent company of a group of businesses specialising in investment taxation, financial data, and related consultancy services, which include Financial Software Ltd (FSL), creators of CGiX, the UK’s market-leading capital gains calculator. With around 30 years […]

Younger generations starting investment journey earlier

Earlier start According to HSBC’s Affluent Investor Snapshot 2024, which looks into the investment portfolios, behaviours, and priorities of affluent individuals around the world, the younger generations are beginning their investment journey earlier than their older counterparts. On average, those in Gen Z (ages 25 to 27) began investing at 23, while Millennials (ages 28 […]

Industrial Thought hopes to fast-track the future of the financial services industry with Finbridge Global partnership

Bridging the collaboration gap Global investment in fintech stood at $51.8 billion in the first half of 2024. This was the lowest level recorded since the first half of 2020, according to accountancy firm KPMG. Against a challenging market backdrop, promising start-ups are struggling to find a route to market and financial institutions have an […]

Fintech investment in the UK climbs despite wider global decline

The global picture Global investment in fintech stood at $51.8 billion (around £39.2 billion) in the first half of 2024, according to the figures from KPMG. This is down 18% from $62.3 billion in the previous six month period and the lowest level of fintech investment recorded by KPMG since the first half of 2020. […]

The Importance of Personalization for UHNWIs

The global high-net-worth individual population rose by 5.1% in 2023, and their wealth grew by 4.7%, according to Capgemini’s 2024 World Wealth Report. Population growth across different HNWI wealth bands was highest for the so-called ‘millionaires next door’, described having $1 million to $5 million in assets. Ultra-high-net-worth individuals (UHNWIs) were the most concentrated among […]

Could AI revolutionise ESG reporting?

A global survey of 1,491 executives across 16 countries conducted by The Harris Poll for Google Cloud found that most executives aren’t measuring their environmental, sustainability and governance (ESG) metrics. Only 36% of respondents said their organizations have measurement tools in place to quantify their sustainability efforts, despite 65% agreeing they want to advance these […]

Human or robo-advice: what do investors prefer?

After the pandemic flipped the world of interaction on its head, most investors got used to some level of digitisation in their relationship with their advisor. But now, more and more investors deciding to cut out the human and embrace the digital entirely. According to Polaris Market Research, the robo-advisory market is predicted to […]

INDUSTRY INSIGHTS AND COMPANY NEWS