As the financial advice industry began shifting from a sales-based model to a more sustainable asset management approach, advisors found their roles shifting along with it. With revenue rooted in more predictable, recurring income, many advisors were able to step off the relentless ‘treadmill’ of constant sales, allowing them to invest in growth by hiring […]
How to Create a Business Budget: From Planning to Profit
People are budgeting more than ever—86% of Americans, to be exact. And they’re budgeting for a good reason. Eighty-five percent of people said budgeting helped them get out or stay out of debt. Whether you’re a budgeter in your personal life or not, one thing’s for certain: Budgeting for your business is a must. Like […]
2024 Election: Evaluating The Impact Of A (Likely) Republican Trifecta On The TCJA Sunset And Tax Planning
With Republicans appearing to have secured a sweep of the White House and both chambers of Congress, the most immediate question for many financial advisors and their clients is what impact the election results will have on the scheduled expiration of the Tax Cuts & Jobs Act (TCJA) at the end of 2025. At a […]
How to Leverage Strategic Pricing for Your Small Business
Businesses depend on their profits to survive. As a small business owner, you need to be diligent in your efforts to turn a profit for your company. One way your business can make money is through strategic pricing. What is strategic pricing? Businesses use strategic pricing when deciding how to price products or services. The […]
#FASuccess Ep 411: Getting Clients Comfortable With Market Risk Using A More (Options-Based) Measured Risk Approach, With Larry Kriesmer
Welcome everyone! Welcome to the 411th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Larry Kriesmer. Larry is the Chairman of Measured Risk Portfolios, an RIA based in San Diego, California, that oversees $350 million in assets under management for a combination of internal retail clients and external financial advisor […]
What’s new in Xero – November 2024
Welcome to our monthly roundup of what’s new in Xero. This month, we’re excited to share updates designed to save you time, reduce errors, and give you greater flexibility. From duplicate bill detection to streamlined GST reporting, we’ve been busy making Xero even better. So sit back, and read on to learn how these enhancements […]
How Outsourcing Marketing Can Unlock Growth Potential For Advisory Firms: Key Steps For Choosing The Right Provider
To sustain firm growth, financial advisors often face a dilemma: to focus on what originally drew them to the profession – like financial planning – they often must first do an extensive amount of business development. Marketing activities such as brand development, event planning, and content strategy often demand skills outside advisors’ typical expertise and […]
Weekend Reading For Financial Planners (November 9–10)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that amidst the impending return of Donald Trump to the White House, observers expect a lighter-touch regulatory environment for RIAs (and the financial services industry as a whole), with many regulations proposed (but not yet implemented) […]
How can small businesses be productive and profitable during the holiday season?
As businesses prepare for the annual holiday, Aussies are spending less. ABS data shows a slowdown in household spending. Coupled with economic factors like high interest rates, sticky inflation, and the RBA’s rigid cash rate, small businesses will have to be smart moving into the new year. Nonetheless, November and December are still a time […]
Business Licenses and Permits You Need to Stay Legal
“Do you have a permit for that?” If you want to operate your small company legally, you likely need some business licenses and permits. There are federal, state, and local licenses and permits you might have to apply for. It all depends on your business. So, do you know which types of business licenses and […]