Advisors who set up accounts to ensure their clients’ heirs received money on a particular date might have found those plans undermined by their own broker-dealers. FINRA fined LPL Financial, J.P. Morgan Securities, Morgan Stanley, Merrill Lynch and Citigroup for failing to ensure asset transfers on legally mandated dates for at least 80,585 accounts. Most […]
Archives for December 2019
Dimensional to cut management fees on 77 U.S. mutual funds
Dimensional Fund Advisors plans to reduce fees on 77 U.S. mutual funds, joining an industrywide push to lure customers with lower-cost investments. Average management fees will be cut 8% on an asset-weighted basis, the company said in a statement Monday. The changes go into effect on Feb. 28. Asset management firms have slashed what they […]
Bookkeeping Tasks For Every Time Of The Year
The new year is almost here. It is time for your year-end bookkeeping but also to start planning for the next year.
Best Investment Ideas 2020 | 5 Best Investment Options
Which are the Best Investment ideas for 2020? Where to invest money for extraordinary returns? These are the most popular questions that popup in the investor’s mind while investing. Let’s try to get answers to these questions. Well, as per me best investment idea is one that allows investors to accomplish their financial goals. The […]
An accountant’s guide to navigating mistakes in the new year – Accounting Today
It’s no surprise that accounting professionals tend to be exacting about their work. Balancing the books leaves no room for error, and accuracy is an essential component in a firm’s value. It’s also no surprise that people who spend their careers getting things just right apply that same logic to themselves. To put it another […]
Temasek-backed fitness app ClassPass eyes $1 billion valuation in new funding round
Fitness subscription app ClassPass is seeking to raise $285 million in a new funding round, which could push the Temasek and Alphabet backed startup’s valuation to over $1 billion. The company will issue 22.7 million ‘Series E’ shares as part of the funding round, according to a securities filing obtained by Reuters from analytics firm […]
Aadhaar enrollment touches the 125 crore mark
Enrollment in the Aadhaar project has crossed the 125 crore mark, close to ten years after its launch. The unique identification authority of India (UIDAI) which administers the Aadhaar project has said in a statement “The achievement comes along with the rapidly increasing use of Aadhaar as the primary identity document by the Aadhaar holders.” […]
Vistara to soon launch in-flight Wifi services: Telecom Secretary
Tata-Singapore Airlines owned Vistara is likely to become the first domestic airline to launch in-flight Wifi connectivity services. According to a top government official, Vistara has tied up with NELCO – a group Tata which is a VSAT solutions provider — for the VSAT link and the airline has also been allocated spectrum from the […]
Son of Dalian Wanda’s chairman has settled debts, says Chinese court
SHANGHAI (Reuters) – A Chinese court has lifted restrictions on the only son of Chinese billionaire Wang Jianlin, the chairman of private conglomerate Dalian Wanda, who hit headlines last month after reports that he owed at least $20 million to creditors. Wang Sicong, a well-known name in China thanks to his high-profile social media displays […]
5 Key changes in Income Tax Rules from April 1, 2019 that you must Know
Finance Minister Piyush Goyal has proposed many changes in tax rules in Budget 2019. We present you 5 key changes that would impact all income tax payers. Increased Tax Rebate u/s 87A: While making the budget speech, Finance Minister said that people with taxable income of Rs 5 lakh would get full tax rebate. Many […]