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The London-based banking giant announced a plan this week to exit the mass-market U.S. retail business and focus on managing the wealth of affluent globe-trotters. But other international banks will provide stiff competition.

Raymond James, LPL, Kestra, the SEC, Dynasty, Janney Montgomery Scott, Mercer Global Advisors, Adasina Social Capital, Fidelity and other quick takes from the week in financial advice.

Uncertainty around coming tax changes and the coronavirus pandemic are making it harder for tax pros to plan.

When you stop worrying about what you can get from others and focus more on what you can give back, it turns out that there’s a lot to gain, writes Tim Gerend.

The firm grew its total assets under administration by 30% year-over-year, reaching $530 billion.

Once the cost of coverage is accounted for, the implied rate of return for investing through a return of premium term policy can be quite attractive, Derek Tharp writes.

The firm serves UHNW clients, and the advisors embarked on a search in order to enable clients to have more access to private investments.

The long-term leaders carry fees more than twice the broader industry.

Records obtained by Financial Planning detail dozens of worker safety complaints related to COVID. But the problem could be as much about employee relations as it is about the pandemic.

The custodian has 15 firms scheduled to transition before the end of this year. It hopes to migrate each of them over in less than six weeks.