Wells Fargo is in talks to sell its asset management business to a private equity consortium led by GTCR and Reverence Capital Partners, according to a person familiar with the matter, as CEO Charlie Scharf revamps the long-beleaguered bank. The exact price under discussion couldn’t immediately be learned and the talks could still end without […]
Archives for 2021
Here are the major parts of $1.9T Biden relief plan
President-elect Biden’s $1.9 trillion COVID-19 relief plan is designed to both pump money into the economy and contain the coronavirus pandemic. The plan includes a wave of new spending, including more direct payments to households, an expansion of jobless benefits, more money for state and local governments and an expansion of vaccinations and virus-testing programs. […]
Cryptocurrencies face greater oversight under Gensler-led SEC
Gary Gensler’s expected nomination to lead the SEC is seen ushering in an era of greater federal oversight of the $1 trillion cryptocurrency market. Gensler, who most recently taught about cryptocurrencies and their underlying technologies at the Massachusetts Institute of Technology, previously chaired the CFTC and was a partner at Goldman Sachs. He is known […]
Ex-broker arrested after Capitol riot dies by suicide: authorities
Three days after he was arrested by police officers restoring control in the wake of the U.S. Capitol riot, a veteran financial professional killed himself, according to authorities. Christopher S. Georgia — who had been a registered representative of four wealth managers and a regional investment executive for a trust company over his 25-year career […]
RMDs are back: What advisors need to know in 2021
Clients subject to required minimum distributions from retirement accounts were allowed to skip them last year, but RMDs resume in 2021. So, what strategies are on the table? Going Steady“We recommend using RMDs as a monthly supplement for Social Security,” says Jessica Hovis Smith, president of Longview Financial Advisors in Huntsville, Alabama. Account owners subject […]
Wiregrass accounting earns national note | Local News – Valdosta Daily Times
VALDOSTA — Wiregrass President Dr. Tina K. Anderson has announced the college’s accounting certificate program has been ranked fifth in the nation by Best Value Schools.org website. Best Value Schools helps students to choose the best accounting certificate programs in the state and nation, Wiregrass Georgia Technical College officials said in a statement. The distinction […]
Here’s How to Save Time and Money This Tax Season
Stop paying accountants when you can just use QuickBooks. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. January 15, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a […]
Editor’s Column: Why putting cash before clients is a mistake
I was mightily impressed this week by the words from the expanding senior team at Glasgow-based holistic Financial Planning firm Murphy Wealth. Their words reminded me once again that while there are many ways to run a Financial Planning business, focusing entirely on acquiring funds under management – with little regard to client happiness and […]
Good at the Cyber (with Crowdstrike CEO George Kurtz), 3 tech stocks for 2021 (with hedge fund manager Eric Jackson), Impeachment – ANOTHER ONE
This week on The Compound Show, Josh talks with George Kurtz, co-founder and CEO of Crowdstrike, one of the fastest growing technology companies in America. Crowdstrike’s shares have nearly quadrupled over the past year as Wall Street has fallen in love with the company’s growth prospects, business model and expanding TAM. George’s official blog is […]
Supreme Court backs Covid-19 insurance payouts
The Supreme Court has mostly accepted an FCA appeal which opens the door to Covid-19 business interruption (BI) insurance payouts. An estimated 370,000 SME policyholders could be helped by the judgment. Last year the FCA launched a business interruption insurance test case to seek a judicial judgment on whether insurers should pay out after many […]