Merger-and-acquisition (M&A) activity for accounting firms is surging in 2021, Joel Sinkin, the New York-based president of Transition Advisors LLC, said in a session at AICPA & CIMA ENGAGE 2021. In 2020, M&A activity slumped because of the COVID-19 pandemic, he said, observing that the market for CPA firms was the slowest he had seen […]
Archives for 2021
M&A activity in accounting on the rebound in 2021, expert says
Merger-and-acquisition (M&A) activity for accounting firms is surging in 2021, Joel Sinkin, the New York-based president of Transition Advisors LLC, said in a session at AICPA & CIMA ENGAGE 2021. In 2020, M&A activity slumped because of the COVID-19 pandemic, he said, observing that the market for CPA firms was the slowest he had seen […]
The Latest In Financial #AdvisorTech (August 2021)
Executive Summary Welcome to the August 2021 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month’s edition kicks off with the big news that Vanguard has apparently decided […]
Third of inheritances used to fund retirement planning
Almost a third (32%) of those who have received an inheritance, of lifetime gift, or who expect to in the future plan to use the fund towards savings and their own retirement funding. Almost half (43%) of UK adults expect to receive an inheritance or lifetime gift, with those under the age of 45 the […]
Can Eric Adams Save New York City?
God I hope so. You should see the Penn Station area right now. Or maybe you shouldn’t. Eric Adams is the Democratic nominee (and likely winner) for New York City Mayor. He was on Bill Maher Friday night talking about his policies. [embedded content]
Senator Manchin says the infrastructure bill text is going to be done today
Senate Energy and Natural Resources Committee Chair Joe Manchin (D-WV) attends a Senate Energy and Natural Resources Committee hearing on the energy department’s budget on Capitol Hill in Washington, U.S., June 15, 2021. Evelyn Hockstein | Reuters Democratic Sen. Joe Manchin said a draft of the roughly $1 trillion bipartisan infrastructure deal should be finished […]
HOOD gets a B Minus
B Minus. That’s my letter grade for the Robinhood IPO. You can say whatever you want about the lack of a pop. But in the end, their employees and investors are now liquid to monetize some of their shares at an incredibly high valuation, their users were able to participate in the deal – in […]
Disney, WarnerMedia and NBCUniversal wrestle with balancing the value of cable networks and streaming services
USA’s Sunisa Lee (gold) celebrate son the podium during the medal ceremony of the artistic gymnastics women’s all-around final during the Tokyo 2020 Olympic Games at the Ariake Gymnastics Centre in Tokyo on July 29, 2021. Lionel Bionaventure | AFP | Getty Images If last year’s biggest corporate media challenge was launching subscription streaming services, […]
Advisor compensation models and the race for the mass market
On December 12th, 1969 at the O’Hare Hotel in Chicago, Illinois, Loren Dunton held a meeting with thirteen leading financial service professionals with the specific goal of creating a profession that provided comprehensive financial advice to unprepared Americans. Overall, the meeting was successful and it became the official birthplace of financial planning as a profession. […]
Liberty Tax Selects Xero as Preferred Cloud Accounting Platform – Cadillac News
DENVER & DALLAS–(BUSINESS WIRE)–Jul 30, 2021– Xero, the global small business platform, announced that Liberty Tax, with 2700 franchisees across the US and Canada, selected Xero as the preferred cloud accounting software for its new small business service offering. Liberty Tax, a portfolio company of NextPoint Financial Inc. (TSX: NPF.U), has more than 12,000 tax […]