Hali Fisher, 24, waits in line to vote at Riverside High School, 1615 E. Locust St. in Milwaukee on Tuesday, April 7, 2020. The Wisconsin primary is moving forward in the wake of the coronavirus epidemic after Gov. Tony Evers sought to shut down Tuesday’s election in a historic move Monday that was swiftly rejected […]
Archives for September 2020
Final regs. govern CFC downward attribution
The IRS on Monday issued ownership attribution rules for determining the status of corporations as controlled foreign corporations (CFCs) and whether their shareholders are U.S. shareholders (T.D. 9908). The regulations finalized the proposed rules (REG-104223-18) with a few changes in response to one comment. Before its repeal by the law known as the Tax Cuts […]
“more than half the racial gap in individual stock ownership has disappeared essentially overnight.”
If this is even close to being true, I would consider it to be one silverest of silver linings of the pandemic-driven trading boom. I love it. This is from a Bloomberg Opinion piece citing data from a Yahoo / Harris poll. And a chart that blew my mind: Some takeaways: 1. Does traditional financial […]
How a software company used accounting gimmicks to turn a $500M loss into a $340M gain – Crain’s New York Business
The economy is a mess, and profits are under extreme pressure. Now comes the corporate spin to cast ugly results in the best possible light. The glow is most radiant at Exela Technologies, a software company in Texas with $1.5 billion in annual revenue. It has run up a $500 million net loss in the past […]
Cetera ups recruiting offers while adding 150 advisors
Nearly three months after taking over as Cetera Financial Group’s head recruiting executive, John Pierce says the firm is “being ultra-competitive” when recruiting advisors. “We’re increasing our deals for higher quality advisors that have larger percentages of advisory business,” Pierce said in his first interview with Financial Planning after moving to Cetera following tenures with […]
FCA CEO Woolard urges new regulatory model
In his final speech as interim FCA CEO Christopher Woolard has urged the UK to seek a new regulatory model as it faces up to some ‘painful lessons.’ Mr Woolard, speaking to delegates at the 10th annual International Financial Services Forum, said regulatory reviews due to publish their findings this autumn would provide “painful lessons” […]
IoT device management and its role in facilitating IoT deployments at scale
Organisations across the globe are engaged in targeted efforts to assemble moving parts in a digital ecosystem, as Internet of Things (IoT) adoption continues to rise. According to the Visual Networking Index (VNI) released by Cisco in 2018, the number of devices connected to the internet may hit 30 billion by 2020. Given this massive […]
How big a drawdown can you survive?
I came across this magnificent time capsule of a magazine cover the other day and I just had to do a Where Are They Now? post about it. It came out at the very bottom of the Great Financial Crisis in March 2009. Warren Buffett and Bill Gates were seen as two of the big […]
Adapting Advisory Teams To A Hybrid Office/Home Workplace: Leadership, Culture, And Infrastructure For The New RIA Workplace
Executive Summary Financial planning advisory firms have traditionally operated as brick-and-mortar establishments, with clients coming to the office to meet with their advisors in person, and where all employees would generally be available on-site every day during normal business hours. However, with the onset of the COVID-19 pandemic, ‘business as usual’ took a dramatic shift […]
Donald Trump celebrates TikTok deal that falls short of his key demands
Illustration: Rahul Awasthi The TikTok video-sharing app was already under US scrutiny when users pranked President Donald Trump’s campaign by pretending to reserve thousands of tickets to a June re-election rally in Oklahoma. For Trump administration hardliners who wanted a tougher stance toward Beijing and viewed the Chinese-owned app as a national security threat, it […]