Cyclists pass the boarded up Smith & Wollesnky restaurant as they exercise in South Pointe Park on March 18, 2020 in Miami Beach, Florida. Cliff Hawkins | Getty Images Miami mayor Francis Suarez asked President Trump in a letter on Thursday to suspend flights to Miami International Airport from COVID-19 hotspots. “As Mayor of the […]
Archives for 2020
Is retiring in a year from now still possible for your clients?
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Is retiring in a year from now still possible for your clients?Seniors who intend to retire in the next few months are advised to consider deferring their plans until the market fully recovers, as market corrections are usually short-lived, […]
An agent who questioned Paradigm’s accounting is suing the company – Los Angeles Times
An ex-partner of Paradigm Talent Agency is alleging in a lawsuit that she was fired by the company after she raised questions about the company’s accounting practices and inappropriate conduct by its CEO Sam Gores. Debbee Klein, a former agent and partner at Paradigm who worked at the agency for more than 23 years, on […]
Self Isolation Guidelines, Dos and Don’t
Self Isolation Guidelines You will need to be prepared to stay at home for 2-3 weeks if you are exposed to someone with COVID-19, are diagnosed with it yourself, or are instructed to due to recent travel. As part of this, ideally you should have enough food and supplies to keep you and your family […]
Social Security recipients will automatically receive stimulus payments
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 […]
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 […]