Treasury announced Wednesday that Social Security and Railroad Retirement benefit recipients will receive economic stimulus payments automatically without having to file a tax return. On Monday, the IRS had said that only taxpayers who had filed tax returns for 2018 or 2019 would receive their payments automatically. (See prior coverage here.) Many Social Security and […]
Archives for April 2020
A quick word about signing up for Liftoff
According to Matt, who runs our automated advisor product, Liftoff, March has been an extremely robust month for signups. Matt tells me that we had a more than 100% jump in new account signups in March versus February – this is fantastic news because it means people are understanding our message and investing during a […]
FASB Plans to Address Standard-Setting Issues During the Coronavirus
The FASB is monitoring and responding to the COVID-19 (coronavirus) pandemic situation and is committed to supporting and assisting its stakeholders during this difficult time. At its meeting on April 8, 2020, the FASB is expected to discuss plans to support stakeholders as they navigate the impact of the pandemic. Discussion will include: Responses to […]
How to Master the First 90 Days of The New Client Journey
Many advisers assume that once they’ve signed a client the hard work is over. Unfortunately, that idea couldn’t be further than the truth. Within the first 90 days, your clients are going through a colossal shift. Starting with the sales process and ending with their initial plan being presented, they’re fully trusting you with their […]
Quickly Maximizing Paycheck Protection Program’s (PPP) Forgiveable Loan Opportunity For Financial Advisors
Executive Summary Last week, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package with the aim of mitigating the economic damage created by the Coronavirus pandemic by introducing a wide range of provisions for individuals, businesses, healthcare entities, and state and local governments to meet short-term […]
How lockdown-hit online retailers are cheering customers up
Illustration: Rahul Awasthi How to keep customers engaged in times of lockdown? Some e-commerce businesses deemed non-essential or with limited items on the essentials list have found several ways of staying in touch. Myntra, Bookmyshow, FirstCry and Nykaa are using informational content, gaming, and entertainment on their apps to connect with customers. This is aimed […]
Food delivery firms reassure customers with contactless delivery, body temperature checks
Illustration: Rahul Awasthi The rapid spread of the Covid-19 virus has made customers sceptical about the safety of food delivery platforms. In India, one user tweeted, “Can anyone give us the assurance that the online food delivery platform will be 100% safe? If someone is harmed, who will be responsible?” The country’s top two delivery […]
44M Digital Wallet Items Exposed in Key Ring Cloud Misconfig
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Staggering
We now have data for last week’s initial jobless claims. The number is staggering. 6.6 million filed for unemployment insurance for the first time last week. During the prior week it was 3.28 million. These numbers take your breath away. Chart via WSJ Here’s the even worse news – this only records the people who […]
CERT-In warns Zoom users of cyber risks
India’s nodal cyber security agency has warned users of video-conferencing app Zoom that it is prone to cyberattacks. This came following instances of leaked passwords and hackers hijacking video calls midway through conferences. “Insecure usage of the platform may allow cyber criminals to access sensitive information such as meeting details and conversations,” Indian Computer Emergency […]