Welcome everyone! Welcome to the 389th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Mark Berg. Mark is the Founder of Timothy Financial Counsel, an RIA based in Wheaton, Illinois, that is on track to generate approximately $5 million in annual revenue this year serving 800 client households. What’s unique about Mark, […]
Archives for 2024
Delta to launch premium economy service on NYC-LA flights in air travel upsell race
Delta and other carriers have sought to add premium seating and services on flights to get a revenue premium.
Supreme Court finds life insurance proceeds increase estate value
A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.
AICPA applauds the Private Company Council’s work with FASB
A comment letter related to a Financial Accounting Foundation review of the PCC’s effectiveness praises the impact the council makes for private company stakeholders.
Summer Reading List Of “Best Books” For Financial Advisors – 2024 Edition
The first half of 2024 has been a solid start for most advisory firms, with markets enjoying moderate growth (a pleasant follow-through after a particularly strong 2023!), client retention rates remaining robust, and at least a bit of client referral growth trickling in. Which is leading to healthy profit margins at the typical advisory firm, as more and more […]
Trump claims credit for Biden’s insulin price cap
Donald Trump and President Biden are scheduled for their first presidential debate on June 27.
National taxpayer advocate: TikTok a difficult adversary for IRS
Speaking at ENGAGE, Erin Collins asks: How does the IRS fight bad tax advice on TikTok when employees are not supposed to access it?
Fraud victims hit by ‘double whammy’ of theft, taxes on stolen funds
The growing number of fraud victims who suffer staggering financial losses often find themselves having to pay Uncle Sam for their missing income, experts say.
Weekend Reading For Financial Planners (June 8-9)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that recent surveys indicate that consumers continue to trust human financial advisors more than Artificial Intelligence (AI)-powered tools. Nonetheless, respondents (particularly those in younger generations) do not see this as an either-or choice, but rather anticipate […]
Editor’s Comment: Time for a ‘new blood’ transfusion
This week we covered a story which had me puzzled and slightly concerned. It revealed the woeful level of interest among job switchers in a career in financial advice or Paraplanning. Surprisingly, financial advice comes off even worse than Paraplanning, which I would guess was less well known as a career choice. According to a […]