Rapidly growing RIA Creative Planning has inked its first deal of the year — an early step in its 2020 goal of doubling last year’s $10 billion growth. With its purchase of Stratford Consulting, which has $618 million in client assets, Creative Planning also expands its Texas presence. “Dallas is a very big market, but […]
Archives for 2020
Weekend Reading for Financial Planners (Jan 25-26)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry news that lawmakers are recommending the Federal Trade Commission investigate Envestnet’s Yodlee over its data-sharing practices, raising concerns that the anonymized data they sell might still potentially be pieced back together by data buyers […]
Why audit firm leaders need to practice what they preach
Firm leaders can improve audit quality by modeling the behavior they say they value, according to a new study performed with the backing of the AICPA Assurance Research Advisory Group. For example, if firm leaders work 80-hour weeks even though they encourage work/life balance among their employees, audit quality may suffer, according to the research, […]
LV= revamps critical illness cover after adviser feedback
LV= has made significant changes to its Life and Critical Illness insurance following feedback and suggestions from financial advisers. The company’s CI cover now includes 87 conditions and the number of full payment conditions has increased from 44 to 49, with much of the focus on improving family cover. Full payment options include brain injury […]
Amazon Music crosses 55 million subscribers globally
Amazon‘s music streaming service ‘Amazon Music‘ has reached 55 million subscribers globally closing in on Apple Music which has over 60 million users. “Our strategy is unique and, like everything we do at Amazon, starts with our customers. We have always been focused on expanding the marketplace for music streaming by offering music listener’s unparalleled […]
Parliamentary panel invites comments on personal data protection bill
A Joint Parliamentary Committee (JPC) set up to study the Personal Data Protection Bill, 2019, has invited comments from stakeholders. Those who want to submit their views must do so in three weeks. The submissions would form part of the records of the committee and will be treated as confidential, the notice said. Those who […]
5 Benefits of Outsourced Bookkeeping for Franchise Owners
As a franchise owner, the success of current and future franchises is indisputably vital, perhaps the single most important goal of your entire business venture. Even individuals with little professional business experience would agree. However, while the success rate of franchise startups is greater than most businesses, franchises do fail. Entrepreneur suggests that “the notion […]
Semi-retired by 37: One RIA’s roadmap
In my practice, I take my clients through a process of values-based financial planning, which digs into the “Why?” of their financial plan versus just the “How?” One day recently, I had a lightbulb moment: “Why aren’t I doing this for my career, my family and myself?” At 37, I’ve put six years into building […]
Wells Fargo regulator punishes leaders who spun culture of fear
Seven years ago, Wells Fargo’s security chief opened a few “undercover” bank accounts to aid law enforcement. Within 24 hours, two employees tacked on debit cards, claiming they each personally spoke to the new — fictional — customers. “All I could do was shake my head,” the security chief told a senior executive in an […]
How much can you contribute to your 401(k) this year?
Shout to Blair for a very helpful rundown of the new limits on corporate retirement plans. Be sure to click over and follow Ritholtz Wealth on Instagram. We’re dropping this information for you all the time.