While the shift to digital tools and platforms has been underway for more than a decade, from the growth of blogging and social media to the rise of the robo-advisor, the coronavirus pandemic of 2020 will likely forever mark a turning point that rapidly accelerated the digital shift for financial advisors. Yet while the forced […]
Archives for April 2021
FCA to launch ‘scale up box’ for growing fintechs
Chancellor Rishi Sunak revealed today that the FCA will launch a regulatory ‘scale up box’ to build on its successful sandbox strategy which has helped dozens of start-up fintech firms get off the ground. Speaking at the launch of Fintech Week, he said the FCA would take forward a ‘scale box’ – a package of […]
Want to work in the growing space industry? How one CEO says hiring needs to expand
The growth of space businesses makes this “the most exciting time” to be involved in the industry, but one CEO says private and government organizations must do more to tap the next generation of U.S. workers. “I do think there’s opportunities for everybody to participate in the excitement … [and] it’s a great opportunity for […]
Half of U.S. adults have received at least one Covid shot in milestone for vaccination campaign
Dr. Jerry Abraham, director of Kedren Vaccines, right, gives a COVID-19 vaccination to Jose Guzman-Wug, 16, while his mom, Adriana Wug, watches at Kedren Health on Thursday, April 15, 2021 in Los Angeles, CA. Allen J. Schaben | Los Angeles Times | Getty Images Half of all U.S. adults have now received at least one […]
LIC Saral Jeevan Bima – Plan 859 – Term Plan
LIC Saral Jeevan Bima (Plan 859) is standard term plan offered by LIC. This term plan is as per guideline of IRDAI for the Saral Jeevan Bima. It is standard individual term life insurance product. The key features, benefits of Saral Jeevan Bima remains same across insurance companies. LIC has started offering this plan from […]
Caregiving and Financial Assistance
Eldercare provided by an unpaid caregiver is very common in the United States. Many of the adult population who are frail, disabled, or experiencing dementia receive care by an informal and unpaid caregiver, including a spouse, adult children, and close friends. Many of these caregivers may be eligible for Medicaid payments for these services. If […]
Rules of the road for newly eligible accredited clients
For decades, the SEC’s criteria for an accredited investor — one allowed to participate in private capital markets — has been akin to the story of Goldilocks — both too broad, and too specific. Until last summer when the commission expanded the pool of investors and fixed the definition to one that approached “just right.” […]
Morgan Stanley captures surge in retail investing thanks to timely E-Trade purchase
Morgan Stanley’s acquisition of E-Trade is paying early dividends for the wirehouse. The start of 2021 was the best quarter in history for Morgan Stanley’s wealth management business, which brought in $105 billion in net new assets, an annualized increase of 10% from the beginning of the period. Fee-based flows were $37 billion, also a […]
IRS gives taxpayers a break on repaying extra Obamacare tax credits
The Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount. The IRS announced last week that taxpayers who received excess advance payments in 2020 on the tax credit for health care under the Affordable Care […]
Legislative threat to CPA licensure stalls in West Virginia
When a bill that would have weakened the requirements for occupational licensing failed to become law recently in West Virginia, the accounting profession achieved a significant victory in its efforts to protect the rigor and standards associated with CPA licensure. House Bill 2007 in West Virginia would have diminished occupational licensing requirements as they apply […]