We started 2021 with optimism and hope that this year is going to be better than the last. This includes boosting sales during COVID-19. The pandemic has disrupted the way we interact, shop, work, and transact. Businesses of all sizes have been plunged into darkness, with some even having to shut completely. Meanwhile, others managed […]
Archives for 2021
SEC places new focus on climate-related disclosures
Acting SEC Chair Allison Herren Lee directed the commission’s Division of Corporation Finance on Wednesday to enhance its focus on climate-related disclosure in public company filings. The division’s staff will review the extent to which public companies addressed the topics identified in 2010 SEC guidance regarding disclosure of climate change matters. The staff also will: […]
Head of German accounting watchdog to step down in wake of Wirecard – Yahoo Finance
Bloomberg Lucid SPAC Gives Up Some of Giant Gain After Pact Confirmed (Bloomberg) — Shares of the blank-check firm combining with electric-vehicle startup Lucid Motors Inc. plunged in U.S. trading after confirming the biggest SPAC merger yet to cash in on investor enthusiasm for battery-powered cars.Churchill Capital Corp IV, the special-purpose acquisition company run by […]
The 15 best robo advisors
Robo advisors rebounded from a tough first quarter to finish 2020 with strong investment performances. The average automatically managed portfolio returned 14.90% on equity holdings and 6.3% on fixed income, according to Backend Benchmarking, a research firm that analyzes the performance of the industry’s leading digital advisors. Over the five years that Backend Benchmarking has […]
AICPA seeks certainty on filing deadline and relief for 2020 tax year
News Practice & Procedures By Alistair M. Nevius, J.D. In a recent letter to Treasury and the IRS, the AICPA called for greater certainty for taxpayers and tax practitioners and for underpayment and late-payment penalty relief, both of which will provide greater assistance to those affected by the COVID-19 pandemic. In the letter, sent on […]
Why not just print and give away money infinitely?
Allison Schrager has a common-sensical take (as she usually does) on the coming fiscal stimulus, which has reached an approval rating of about 70% according to a recent poll. Nothing in America polls at 70% except bacon. So why not do more? Why not go even bigger? If we can do it, why shouldn’t we […]
Hamburg deploys oneM2M smart city standards to go greener
Whether one is dealing with a manufacturing plant or a smart city, the architecture of a distributed Internet of Things (IoT) system depends on several design considerations, says Ingo Freise, software architect at Deutsche Telekom. One is the ability to combine legacy sub-systems, such as a final-assembly cell, with greenfield deployments such as an image […]
How Transparent Nudges Can Help Clients Take Action… And Learn, Too
Executive Summary Financial advisors often have clients who are too busy to deal with many of the numerous tasks that are required of them by their financial plans, as their cognitive and/or emotional plates are filled by the issues that take priority in their daily lives. In these situations, advisors can use ‘nudges’ as decision-making […]
1 in 3 advisers expect growth in younger clients
Almost a third (30%) of financial advisers expect the age at which clients first engage with a Financial Planning professional to decrease over the next five years, according to new research. A quarter of advisers have been making a concerted effort to attract the younger generation of potential clients, according to a new report from wealth manager Charles […]
As clients ask about buying SPAC shares, advisors remain wary
Stephanie Mackara’s clients are “long-term, buy-and-hold investors,” but that hasn’t stopped some from calling to ask her about special purpose acquisition companies (SPACs), the trendy alternative to an initial public offering that’s sweeping the equities markets. “[SPACs] are extremely speculative and one is putting their full faith and credit into the SPAC firm to pick […]