For financial advisors, an ongoing client service model often means finding ways to keep clients engaged and progressing toward their goals outside of the 1 or 2 typical client review meetings each year. For clients, more frequent communication can be a source of behavioral coaching and helpful information that can better equip them to stay […]
Archives for 2024
Wells Fargo wealth profits drop by 31%, even as overall earnings rise
As a whole, the megabank saw its net income rise by 9% in 2023’s final quarter. But its wealth management unit was another story.
Merrill adds client, high net worth relationships without swelling advisor ranks
The firm’s wealth management co-head said that recent changes to its pay grid have been favorably received.
IRS flip-flops on gift tax question involving grantor trusts
In a change that may affect financial advisors and tax professionals’ clients, the agency reversed course on a position it took seven years earlier.
Weekend Reading For Financial Planners (January 13-14)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financial advisors and their clients with a convenient way to invest in the cryptocurrency without many of the […]
The Accounting Technology Lab Podcast: Jan. 2024 – Recap of Thomson Reuters Synergy Conference – CPAPracticeAdvisor.com
The Accounting Technology Lab Podcast: Jan. 2024 – Recap of Thomson Reuters Synergy Conference CPAPracticeAdvisor.com
Kitces & Carl Ep 129: How Autonomy, Experience, And Team Drive Advisor Wellbeing
As the beginning of the new year invites a fresh start, it’s a fitting time to reflect on our own wellbeing and the elements that make us happy in life. While many believe they understand what brings them joy, it can be difficult to recognize the patterns that consistently enhance wellbeing and happiness. The most […]
Taxpayer advocate: IRS again fails tax pros with PPS call answer rate
In an annual report to Congress, the national taxpayer advocate says the IRS should prioritize improving service on the practitioner priority service line, which had a 29% call answer rate.
New RIA platform bets on unique business model: No private equity money
For advisors seeking a type of independence that defies industry norms of success, two female CFPs have launched a co-op promising to be a firm of one’s own.
SEC accepting Professional Accounting Fellow applications
The SEC’s Office of the Chief Accountant is accepting applications for Professional Accounting Fellow positions that will begin in the summer of 2024.