Executive Summary On August 27, Asset Map hosted its inaugural AdviceTech.Live conference. The one-day virtual event brought together several AdvisorTech executives and industry influencers, as well as 700 registrants (77% of whom were advisors) to talk shop about where the industry, in general, and advisor-facing technologies are headed. Moreover, the event hosts (headed by Adam […]
Archives for 2020
Donald Trump blasts Facebook, Twitter for censoring article critical of Biden
Reuters US President Donald Trump rebuked Facebook and Twitter Wednesday for blocking links to a New York Post article purporting to expose corrupt dealings by election rival Joe Biden and his son in Ukraine. The newspaper said it had obtained a computer abandoned by Hunter Biden that implicated his father in his Ukraine business affairs. […]
YouTube bans coronavirus vaccine misinformation
Alphabet’s YouTube said on Wednesday it would remove videos from YouTube containing misinformation about Covid-19 vaccines, expanding its current rules against falsehoods and conspiracy theories about the pandemic. The video platform said it would now ban any content with claims about Covid-19 vaccines that contradict consensus from local health authorities or the World Health Organization. […]
Covid-19 can’t kill zeal of e-commerce staff priming for big sale days
ETtech When the hallways are empty, meeting room walls are bare and crowds are no longer milling about in cafeterias at the humongous offices of e-commerce firms Flipkart and Amazon during their biggest annual sale events, surely there is something amiss. Yet, peer into their data pipes and armies of more than 10,000 employees each […]
Costs and benefits: A Q&A with FASB Chair Richard Jones
Making sure the costs of changes in accounting standards don’t exceed the benefits is a key objective for FASB Chair Richard Jones, CPA. Jones replaced Russell Golden, CPA, as FASB’s leader in July after spending more than 30 years with EY, where he was the firm’s chief accountant and led the firm’s national office. Jones […]
Critical SonicWall VPN Portal Bug Allows DoS, Worming RCE
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As dividend cut worries subside, three market analysts predict what’s ahead for yield payers
Dividend dangers appear to be subsiding. As yield-paying companies recover from the coronavirus-driven slowdown that led many of them to cut their payouts earlier in the year, investors may be wondering whether the dividend trade is yet safe. Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA Research, told CNBC’s “ETF Edge” […]
Branson’s Virgin Orbit aims to redo launch demo in December, as it seeks $150 million in new capital
Virgin Orbit Sir Richard Branson’s small satellite launch specialist Virgin Orbit is looking to bounce back from the failure of its first demonstration launch in May, aiming to fly its next demo mission in December. Virgin Orbit, which uses a modified Boeing 747 aircraft to launch its rockets, diagnosed the failure to a high-pressure fuel […]
Fidelity to hire 4,000 in the next 6 months
Fidelity Investments plans to hire 4,000 people over the next six months as the money manager benefits from this year’s turmoil while some of its rivals struggle. The Boston-based firm said Tuesday the additions will be in areas including financial advisors and customer service agents, and represent a 15% increase in associates who focus on […]
2021 Social Security wage base announced
The Social Security Administration (SSA) announced that the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $142,800 in 2021 from $137,700 in 2020. The OASDI tax rate is 6.2%, so an employee with wages up to or above the maximum in 2021 will pay $8,853.60 […]