Three partners in a major enterprise sold the firm to their longtime independent broker-dealer, Cetera Financial Group. John Brackett, Eric Huck and Anthony Tarantino formed Concord, Calif.-based BAR Financial in 2003 out of the merger of Brackett’s father-in-law’s firm and a former IBD named T.H.E. Financial Group. After growing to nearly 300 advisors and $4 […]
Archives for January 2021
Clips From Today’s Power Lunch
Josh Brown on what’s driving Nio higher from CNBC. Lost passwords lock investors out of bitcoin fortunes from CNBC.
IMA CEO Thomson foresees ‘megatrends’ for accountants this year – Accounting Today
Institute of Management Accountants president and CEO Jeff Thomson is predicting six megatrends in the finance and accounting profession this year. They include: An increasing amount of automation; Remote work becoming the norm for finance teams; Environmental, social and governance reporting growing in importance; Finance professionals being held accountable for enterprise risk management; Diversity, equity […]
Visa, Plaid scrap $5.3b deal amid U.S. antitrust suit
Facing a prolonged antitrust fight with the U.S. Justice Department, Visa walked away from a proposed $5.3 billion acquisition of Plaid. The DoJ sued to block the deal in November, accusing Visa of trying to buy the fintech firm to eliminate an emerging threat to its online debit business. Visa has said the government failed […]
$815M RIA sells to Mercer in succession plan deal
Nearly 30 years after two financial advisors started their practice with a couple of telephones and Rolodexes, they sold it to one of the largest private equity-backed RIA acquirers. Julianne Andrews and Cathy Miller of Atlanta Financial Associates have “not a few but many clients who were with us” when they launched in 1992, Andrews […]
ACORD unveils accounting reconciliation platform – Business Insurance
ACORD Solutions Group Inc. has launched its real-time premium accounting reconciliation ADEPT platform, with the first data exchanged by Aon PLC and insurer Zurich North America, ACORD said in a statement Wednesday. The system utilizes blockchain-based technology to verify payment information by structuring, translating and validating data in real time. ACORD, the Association for Cooperative […]
Businesses facing Brexit VAT pressures
EU and UK businesses face additional costs and compliance burdens following the Trade and Cooperation Agreement made between the two parties, according to tax specialists. “Moving straight to import VAT provides a significant cash flow disadvantage,” says James Ross, partner at law firm McDermott Will & Emery. “You’re having to account for VAT earlier than […]
What is the penalty for being wrong?
Barry’s latest for the Goldmine podcast looks at the eventual failure of false belief systems. It’s killer! Listen below… Subscribe to the Goldmine on Apple or Spotify.
When More Advisor Empathy Isn’t Better And The Compassion-Based Alternative
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AICPA encourages firms to aggressively advance PPP applications
[Editor’s note: The U.S. Small Business Administration and Treasury announced that lenders with $1 billion or less in assets can start making Paycheck Protection Program loans on Jan. 15. The application window will open for all lenders Jan. 19.] The AICPA expects the federal government to open up the application process for all lenders participating […]