As wealth managers struggle to address civil unrest and internal complaints over representation and racial justice, some financial advisors will get Juneteenth — a day commemorating the end of slavery — as a holiday. Advisors at RBC, JPMorgan Chase and PNC Investments will get the afternoon of June 19 off as the companies close office […]
Archives for June 2020
Our new weekly email blast for financial advisors only
We’re very fortunate to have the best curator of content in all of finance as our firm’s director of investor education. Tadas Viskanta, creator and author of the incomparable Abnormal Returns blog, began doing a weekly email blast for our own client-facing advisors a few weeks back. I took a look at it and said […]
Second CEO exits Schroders’ Financial Planner in 12 months
The chief executive of Schroders Personal Wealth, Peter Hetherington, has left the firm which will now seek it’s third chief executive in 12 months. Mr Hetherington has left to pursue “other prospective opportunities after eight months in the job. It is not clear yet what the future interests will but his LinkedIn profile lists him […]
20.5 million continuing unemployment claims
WSJ: New applications for benefits edged lower by 58,000 to a seasonally adjusted 1.5 million in the week ended June 13, the Labor Department said Thursday. While it is the fewest weekly applications since mid-March, it also showed the pace of layoffs is no longer significantly easing. The number of Americans receiving benefits payments fell by 62,000 […]
Zoom to offer end-to-end encryption for all users, trial to begin in July
Zoom will offer its free and paying users end-to-end encryption for video calls and launch a trial version in July, the video conferencing provider said on Wednesday. The company said to help prevent abuse, it will only make the feature available to users who provide a verified phone number. California-based Zoom had originally planned to […]
ETtech Top 5: India-China standoff to hit startups, Saudi’s Jio bet, localisation push & more
Happy Thursday! India’s top startups that count Chinese investors among their largest backers are likely to find more hiccups in raising capital amid anti-China sentiment in the country. The military standoff in Ladakh, the worst in over four decades, may dry up fresh funding. Its impact, according to experts, will be more profound for early […]
Spotify strikes a multi-year podcast deal with Warner Bros and DC
Audio streaming service Spotify is continuing its aggressive push towards podcasts through a new multi-year deal with Warner Bros and DC. As per the deal, Spotify will produce and distribute an original slate of narrative scripted podcasts around the DC Universe. While the terms of the deal were not disclosed, Spotify said that it is […]
Purchasing System: A Fresh Way to Manage Your Business’s Inventory
As a business owner, you need an efficient way to monitor your inventory and determine how much to buy and when. One way to do this is by utilizing a purchasing system. Read on to learn about purchasing systems and how they work. What is a purchasing system? So, what is a purchasing system exactly? […]
Surviving This Economic Downturn: How A Strong Accounting Team Could Help – Forbes
Getty Getty According to IRS data, more than 35% of businesses never reopen after a disaster. For small businesses, these numbers are likely much higher. During economic downturns, leaders often feel stuck and isolated, and many business owners are extremely fearful about the future of their company. COVID-19 has shaken most companies and overnight has […]
Kitces & Carl Ep 36: Protecting Your Own Self-Confidence As A Financial Advisor
Executive Summary When markets turn volatile and clients get stressed, at best, financial advisors face their own stress in trying to help clients stay the course; at worst, they absorb the ‘blame’ from clients who are unhappy with economic and market outcomes beyond the advisor’s control. And when clients turn negative, it is easy for […]