FINRA charges restitution but forgoes punitive fines for the three firms after crediting them for cooperating in its investigation.
Archives for 2024
Weekend Reading For Financial Planners (December 21–22)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the CFP Board announced a series of proposed changes to its certification requirements, including an increase in required Continuing Education (CE) hours for current certificants to 40 hours every two years (up from the current […]
Altmann calls for hardship fund for WASPI women
Former Pensions Minister Baroness Ros Altmann has called for help for the WASPI pension campaigners despite Prime Minister Sir Keir Starmer this week ruling out additional compensation.
Average client portfolio size up 17% in a year
The cost and complexity of new financial regulations, such as the Consumer Duty, are pushing financial advisers to increase minimum client portfolio size to maintain profitability.
Parmenion adds Open Banking investment top up tool
Platform and DFM provider Parmenion has added an Open Banking facility which will allow advised clients to top up their investments direct from their bank accounts.
A Recordkeeping Checklist For Financial Planning Services: Proactive Documentation Of Service Delivery To Reduce Regulatory Scrutiny
Maintaining adequate books and records is a cornerstone of compliance for all investment advisers. While state and Federal regulations clearly outline recordkeeping requirements for areas like financials, advertisements, and trading records, there is a notable gap when it comes to documenting the delivery of services – especially financial planning services – necessary to justify the […]
CPI inflation spikes upwards to 2.6%
CPI inflation has spiked upwards for the second month in a row, to 2.6% in November, ONS reported today.
5 Signs It’s Time to Hire an Accountant
Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance. Not sure if it’s time to hire an accountant for small business? Signs […]
What Is Inventory?
Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. So, what is inventory? Inventory meaning Inventory represents the goods your small business has for sale or in storage. Your small business’s inventory […]
#FASuccess Ep 416: Avoiding The Compliance Headaches When Going RIA By Choosing A ‘Supported Independence’ Corporate RIA Platform, With Fran Toler
Welcome everyone! Welcome to the 416th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Fran Toler. Fran is the CEO of Toler Financial Group, a DBA firm under the RIA Rossby Financial, in Silver Spring, Maryland, that oversees nearly $200 million in assets under management for 280 client households. What’s […]