Fresh off a private equity infusion and billion-dollar valuation, one of the largest hybrid RIAs is investing in financial advisor content with a new hire for its coaching arm. Carson Group — the firm whose minority stake was acquired last week by Bain Capital — appointed ex-FPA Publications Editor-in-Chief Ana Trujillo Limón to be the […]
Archives for 2021
Voices The sad state of accounting standards – Accounting Today
The Wall Street Journal reported on July 1, 2021, that the International Accounting Standards Board, the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ― but not in the U.S. — got a new chief: Mr. Andreas Barckow, who until now served in a similar role in […]
Developing A “Good Enough” Mindset To Increase Financial Contentment
Executive Summary In his book The Paradox of Choice: Why Less is More, author Barry Schwartz identifies two personality types: Satisficers, who tend to be content with having just enough, and Maximizers, who continually strive to attain and achieve more, no matter how far they get. Given their different outlooks, Maximizers and Satisficers have strikingly […]
55% of women finance workers ‘stressed’ by pandemic
A new survey by a Financial Planning professional body has revealed that 55% of women have suffered from “stress, anxiety or depression” in the past year. The 43,000-member CISI’s latest annual member survey found that women in particular have been facing increased mental health challenges due to the pandemic. Some 55% of women said they […]
7 Ways a Financial Audit Will Help Keep Your Business on Track
Success starts with a good financial strategy. It is part of the enduring conflict between working in the business and working on the business. Small business owners focused on creating and delivering their product or service may neglect the strategic activities that keep the company healthy and growing. Things continue along with happy customers and […]
IRS launches ‘Tax Pro Account’ feature
The IRS unveiled a new online feature on Monday known as the “Tax Pro Account,” the purpose of which, for now, is to automate the submission of powers of attorney (POAs) to authorize tax practitioners to represent individual taxpayers and tax information authorizations (TIAs) to view those taxpayers’ accounts. But the IRS ultimately has bigger […]
GASB revises proposed approach to financial statement notes
GASB issued a revised proposed concepts statement Tuesday that would guide the board when it establishes requirements for notes to financial statements for state and local governments. The proposal updates and revises concepts that were proposed by GASB in February 2020. The revised proposal, Communication Methods in General Purpose External Financial Reports That Contain Basic […]
Here’s that dip you said you were gonna buy…
[embedded content] 5:30pm ET LIVE premiere today – Subscribe for the alert! Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Buying The Dip? – Here’s that dip you said you were gonna […]
Imprisoned film mogul Harvey Weinstein turned over for extradition to California in sex crime case
Harvey Weinstein enters the courthouse on July 11, 2019 in New York City. Stephanie Keith | Getty Images Fallen film mogul Harvey Weinstein was transferred at a New York prison Tuesday morning into the custody of officials for extradition to California, where he faces trial for serious sex crimes. Weinstein, who has been locked up […]
BlackRock-led ‘Big Three’ may forestall chaos in stock markets
Critics who assail the growing influence of index giants like BlackRock Inc. may be overlooking their power to prevent a stock-market disaster. In a paper published this month, academics from America and China show that institutions with notable holdings in multiple firms across industries are less likely to panic sell. Using almost four decades of […]