Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Biden administration could seek to release the final version of the Department of Labor (DoL)’s proposed “Retirement Security Rule” this year, potentially with a January 1 effective date, to ensure it goes into effect […]
Archives for 2024
Editor’s Comment: Can the SJP ’empire’ strike back?
It’s been a torrid week for wealth manager St James’s Place and senior figures could be forgiven for reaching for the Scotch this weekend. Trebles I suspect. The shock announcement the firm would set aside £426m to deal with potential client refunds of ongoing fees, where the promised service may not have been delivered, shook […]
Tesla stands to earn billions of dollars a year by opening U.S. charging stations to drivers of Ford and other EVs
By opening its stations to drivers of other electric car brands, Tesla is positioning itself to generate billions of dollars a year in charging revenue.
IRS renews focus on targeting high-income nonfilers
IRS Commissioner Danny Werfel said Thursday that the effort will begin with compliance letters going out to high-income taxpayers in 125,000 cases where third-party information indicated federal tax returns have not been filed since 2017.
NPAG national pipeline surveys open for responses
The National Pipeline Advisory Group pipeline surveys, intended to shape profession-wide efforts to tackle the accounting talent shortage, went live on Thursday.
A huge wealth transfer means millennials are poised to become ‘the richest generation in history’
A wealth transfer over the next decade or so will likely make millennials “the richest generation in history,” according to a new report.
Introduction to Tax Relief for American Families and Workers Act of 2024
Picture a future where the tax system works for you, not against you. Doesn’t seem too far-fetched? Welcome to the reality of the Tax Relief for American Families and Workers Act of 2024. As a pivotal landmark in American financial legislation, this Act promises to shake up the traditional view on taxes. Instead of merely […]
‘Honeypot’ suit against Morgan Stanley alleges behavior Wall Street has tried to leave behind
A lawyer says the industry has been on notice at least since the “Boom Boom Room” scandal of the 1980s that hostile workplaces won’t be tolerated.
UCIS director banned after investors lose £57m
Robin Forster, the director of a Ponzi-style unlawful and unauthorised care home investment scheme which saw investors lost £57m, has been banned for 14 years. Mr Forster, 42, was the director of companies which took £57m from investors by convincing them to invest in an unauthorised care home investment scheme. He also deprived creditors of […]
Using Reflection Questions To Help Prospects Find Clarity And Focus On A Shared Planning Vision
Initial outreach to a financial advicer rarely (if ever) results from a prospective client waking up in the middle of the night in a cold sweat because they just figured out that they’re in desperate need of a comprehensive financial plan. Rather, prospects often reach out to set an initial appointment only when they realize […]