Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the announcement from Schwab Advisor Services that it will be requiring the 13,000 RIAs on its platform (including those migrating from TD Ameritrade) to hold at least $1 million of Errors & Omissions (E&O) insurance coverage, in the […]
What’s the Deal With Your Investments? Calculate Return on Equity to Find Out
When it comes to your business, you want to know if your investments were worth it. To do that, you may need to calculate some business ratios, like return on equity. But, what is return on equity, and how does it work? And, what is the return on equity formula? Let us give you the […]
What Is Marginal Cost?
Just about everything you do in your business comes with a cost. Whether it’s time, money, effort, or something else, you pay a price. But, what happens when you set a limit for production and have to produce more than your set limit? You encounter what’s known as marginal cost. What is marginal cost? Marginal […]
Overcoming The Unique Communication Challenges Of Advising Couples
Financial advisors who work with couples (or families) may generally find that their clients often require a special set of communication skills not just to avoid moments of alienation but also to help the couple or family experience a sense of unity as they consider their financial goals. Yet, given the current state of evolving […]
Calling the rockstars of accounting: Xero Awards entries now open for UK, South Africa and Ireland
We are thrilled to announce that entries for the Xero Awards are now open for our UK, Ireland and South Africa accounting, bookkeeping and app partners. The last year has again amplified the important role that our partner community has played. Many of you have been the first line of support for small businesses as […]
What you should know about upcoming changes to super in Australia
This November, the superannuation experience is set to improve for millions of Australians. How? The way you onboard employees and set up their funds will change with super stapling, a government initiative that’s part of the broader Your Future Your Super (YFYS) reforms. This addresses the common problem of holding multiple super accounts and the […]
Everything You Need to Know About Invoice Payment Terms (+ 8 Tips)
As a business owner, you likely deal with invoices on a regular basis. Maybe you send them to your customers. Or, maybe you’ve received them in the past for making purchases. Regardless, if you’re planning on invoicing your customers, you need to come up with solid invoice payment terms. What are invoice payment terms? An […]
#FA Success Ep 250: Connecting Better With Prospects By Sharing Stories Instead Of Expertise, With Dierdre Van Nest
Welcome back to the 250th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Deirdre Van Nest. Deirdre is the founder of Crazy Good Talks, a communication coaching firm that helps financial advisors be better communicators, in both private and public settings, in order to help their clients and prospects actually […]
Taking Agency Of Your Time For High-Performance Income, Growth, And Advisor Happiness
Financial advisory firm owners face a variety of demands on their time, from working directly with clients, to growing their business, and achieving goals outside of work as well. Trying to address all of these demands can lead owners to feel like they don’t have enough time, their days don’t go as planned, and they […]
Taking Agency Of Your Time For High-Performance Income, Growth, And Advisor Happiness
Financial advisory firm owners face a variety of demands on their time, from working directly with clients, to growing their business, and achieving goals outside of work as well. Trying to address all of these demands can lead owners to feel like they don’t have enough time, their days don’t go as planned, and they […]