More than 250 Financial Planners and wealth managers have backed a campaign group called Financial Planners United set up to help smaller firms fight soaring regulatory costs.

Social media network LinkedIn has defended its anti-scam policies after it came under fire from boosst.financial when it fell prey to a cloning scam.

Financial Planning firm boosst.financial has revealed how it fought back against scammers who tried to clone the firm’s identity to rip off investors.

LinkedIn remains the top choice of social media platform for advisers to promote their businesses but Facebook has gained the biggest increase overall, according to Intelliflo's annual social media survey.