Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Massachusetts Supreme Judicial Court ruled that the state’s fiduciary rule for broker-dealers can stand, potentially opening the door for other states to impose similar standards that exceed the requirements of the Securities and Exchange […]
Archives for 2023
Sound Investments: 20 pop songs about money and wealth
FP’s playlist gives financial advisors and clients tunes about the almighty dollar that bounce around from jilted to joyful and keep the party going strong.
Bezos snubbed Musk’s SpaceX for huge satellite launch contract, Amazon shareholder says
An Amazon shareholder lawsuit alleges the company snubbed SpaceX for satellite launch contracts because of Jeff Bezos’ personal rivalry with Elon Musk.
Editor’s Comment: Rising tax bills could be gift for planners
Amid all the gloomy news this week there was a chink of light for Financial Planners, at least on the potential new business front. A new report suggests that a boom in tax-efficient investment advice is on the way and planners can thank the government for that. More specifically, the freezing of income tax thresholds. […]
Apollo Global hires BlackRock veteran Moreno in U.S. family office push
New recruit hired to lead West Coast family office business.
How Do I Choose a Health Insurance Plan During Open Enrollment?
Open enrollment is just around the corner for many of our clients, so we’re gearing up to help them choose their company benefits. This is one of the ways we save our clients the most money: by revamping their company benefits. Maybe you chose your company benefits a few years ago and haven’t looked at […]
SEC accuses accountant of being public face of advisor’s $110M Ponzi scheme
Regulators allege the CPA provided an air of legitimacy to John J. Woods’ scam that defrauded 400 clients in 20 states.
£392m pension transfer duo face £1.3m in fines
The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly “flawed” pensions transfers. The FCA also plans to ban the two who are accused of making large sums through their Birmingham-based financial adviser business over several years. The duo – who face […]
How advisors can respond to the fires on Maui and prep clients for disasters
Fires like the tragic one that devastated the Hawaiian island are among many disasters where advisors can play a role in mitigating or preventing losses.
Guidance issued on consequences of certain state payments after 2022
The IRS issued guidance on the treatment of refunds of state or local taxes and certain other payments made by states made to individuals in 2023 and future years, including spillover payments made in 2023 under 2022 programs covered by IRS News Release IR-2023-23.