A financial advisory relationship has three types of trust. According to Vanguard’s Center for Investor Research’s 2017 report, “Trust and Financial Advice,” those three types are functional trust, emotional trust and ethical trust. According to the research, in order to really trust you, clients must trust you in all three areas. Here’s what they are […]
Archives for 2020
Do You Know the Types of Partnership in Business?
When you start your venture, you have a number of decisions to make. What are you going to offer? What market are you going to target? Are you going to run your business solo or have a helping hand? If you don’t want to run your business alone, you might consider forming a partnership. Read […]
As IoT fragments, CMP needs to handle all the demands on a global scale
SPONSORED INTERVIEW Helmut Lehner is the founder and chief executive of MAVOCO. The company provides an advanced connectivity management platform (CMP) software that manages IoT and machine connectivity demands across industries, geographies and technologies. Here, he tells George Malim about the new demands being placed on CMPs by vertical industry requirements, performance criteria, costs and […]
Concerns over £155bn non-structural tax relief assessment raised
Concerns have been raised that UK tax reliefs ran out of control during the 2018/19 period. A report published by the National Audit Office (NAO) suggests that non-structural tax reliefs – often referred to as tax expenditures – such as tax credits for companies’ research and development (R&D) costs and income tax relief on pension […]
Pay Thresholds for 2020-21
HMRC have confirmed the tax and NI thresholds for 2020-21 and some details of statutory parental bereavement pay. Tax rates remain exactly as they were in 2019-20 with no change to the emergency and standard tax code of 1250L. NI rates, however, have changed and employees can now earn £9,500 per annum, £792 per month […]
To Ensure You’re Succeeding, Keep It Moving!
A business motto is a phrase that represents a set of company beliefs. These mottos give a company direction and focus. At Brigade, we have about a half dozen of them we’ve adopted for the success of our business and our clients’ businesses. One we use often is “Where’s the hot potato?”Just like the literal […]
Net Income Versus Cash in The Bank—Why They Never Match!
When you look at your net income versus cash flow, why are they different? If net income is the money that you bring in, and cash flow is the cash you have on hand, aren’t they the same thing? Nope. And that’s one of the things that trips up many small business owners. And this […]
RSAC 2020: GM’s Transportation Future Hinges on Cybersecurity
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Clarity Is Key to Client Conversations
Why is clear communication so crucial to effective conversations between advisers and clients? “The single biggest problem in communication is the illusion that it has taken place,” said George Bernard Shaw. Most of us know what message we’re trying to communicate to our clients, but do we take into account what they want and what […]
What Are Non-sufficient Funds?
As a small business owner, you have a lot on your plate at all times. You do your best to keep your accounts, finances, and books in order. But sometimes, things just slip your mind. At some point or another, you might spend more than what you have in your account. When this happens, you […]