BNY Mellon Pershing used to only service RIAs with at least $250 million in assets. No longer. The fourth largest custodian in terms of RIA assets — started welcoming fee-based firms with only $100 million in assets this year, according to Christina Townsend, head of relationship management, consulting and platform strategy at the custodian. “We’re […]
Archives for August 2020
Inside RBC’s tech strategy to attract and retain advisor talent
If you want to attract and retain great advisors, it helps to have great technology. But what if you are a tech laggard? Or worse? How do you catch up? Amit Sahasrabudhe, chief operating officer of RBC Wealth Management – U.S., discusses how his firm has been revamping its advisor tech stack. Tasks that once […]
Finance pros adjust to digital reality and COVID – Accounting Today
Financial professionals, including accountants and company controllers, have needed to burnish their technology skills during the novel coronavirus pandemic as they work remotely with their colleagues and clients. A new report from the Institute of Management Accountants and Deloitte’s Center for Controllership is based on a survey of nearly 800 finance and accounting professionals conducted […]
SEC charges Herbalife with foreign accounting violations – CFO Dive
Dive Brief: Herbalife Nutrition has agreed to pay more than $67 million to settle charges it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA), the Securities and Exchange Commission announced. The company will also pay a criminal fine of more than $55 million to settle an […]
Weekend Reading for Financial Planners (August 29-30)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the big industry news that the SEC has updated the Accredited Investor rules, declining to increase the income and net worth thresholds but expanding the definition of who constitutes a “sophisticated” investor to include financial advisors […]
Weekend Reading for Financial Planners (August 29-30)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the big industry news that the SEC has updated the Accredited Investor rules, declining to increase the income and net worth thresholds but expanding the definition of who constitutes a “sophisticated” investor to include financial advisors […]
How to Transfer Sukanya Samriddhi Account?
Sukanya Samriddhi Scheme is an investment scheme for the girl child. Parents of a girl child can open Sukanya Samriddhi Account on behalf of their girl child. The age of the girl child should be below 10 years at the time of opening the account. The Sukanya Samriddhi Account gets matured when a girl attains […]
How to Transfer Sukanya Samriddhi Account?
Sukanya Samriddhi Scheme is an investment scheme for the girl child. Parents of a girl child can open Sukanya Samriddhi Account on behalf of their girl child. The age of the girl child should be below 10 years at the time of opening the account. The Sukanya Samriddhi Account gets matured when a girl attains […]
How lenders should account for forgivable PPP loans
Lenders should account for the forgivable portion of a Paycheck Protection Program (PPP) loan as an interest-bearing loan until the receipt of payment for that loan from the US Small Business Administration (SBA), according to a Technical Question and Answer (TQA) posted Thursday by the AICPA. The AICPA staff believes that for accounting purposes, payments […]
Six Lessons from Pandemic Summer
Josh spoke at the Riskalyze Fearless Week virtual conference and relayed the six biggest lessons he learned during Pandemic Summer. Some are business lessons and some are personal – but for Josh, business has always been personal. Plus, Michael Batnick returns for an all new edition of What Are Your Thoughts – Josh put a […]