The SEC removed PCAOB Chair William Duhnke III from his position on the board Friday as the SEC begins a transition that is expected to result in additional turnover for the board. Duane DesParte, a CPA who was sworn in as a board member in April 2018, was named acting chair, and the SEC announced […]
Archives for June 2021
Ex-Cetera advisor gets 5 years for fraud
A barred former Cetera Financial Group advisor fired after an earlier arrest on stalking charges received a five-year prison sentence after pleading guilty to fraud. David A. Rockwell, 45, must forfeit more than $1 million in restitution after fraudulently obtaining a $700,000 line of credit under two clients’ names without their knowledge or permission and […]
Advisors underestimate women clients at their peril
It’s a wealth management paradox. Women currently control $10 trillion of wealth in the U.S., an amount expected to triple by the end of the decade. Why, then, does the advisory industry tend to treat them as if they can’t possibly understand how to handle the money they’ve earned or inherited? Granted, in studies, reports […]
Weekend Reading for Financial Planners (June 5-6)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a fascinating industry study of more than 70,000 financial advisors showing that 2020 actually witnessed record client retention rates across the industry (94.6%) but also one of the slowest years for new client acquisition (ostensibly at […]
SBA reports first 50 Shuttered Venue Operator Grants
Shuttered Venue Operator Grants totaling $54.2 million had been awarded to 50 recipients through midday Thursday, the U.S. Small Business Administration (SBA) reported. The awards are the first to be announced for the SVOG program, and they come more than five months after the program was created by the Economic Aid to Hard-Hit Small Businesses, […]
Pilot
The first episode of our new podcast, The Compound & Friends, is now live on all apps and platforms. We’ve been developing this idea and building a studio in our headquarters all spring and summer to bring this new show to you. I can’t wait for you to check it out… Welcome to the first […]
Getting New Equipment? You’ll Need to Make a Purchase of Equipment Journal Entry
You probably depend on equipment to run your business. Computers, cars, and copy machines are just some of the must-have company assets you use. When it’s time to buy new equipment, know how to account for it in your books with a purchase of equipment journal entry. Accounting for assets, like equipment, is relatively easy […]
MIP Fund Accounting Receives 2021 TrustRadius Top Rated Awards – El Paso Inc.
AUSTIN, Texas, June 4, 2021 /PRNewswire/ — MIP Fund Accounting, the leading accounting software for nonprofits, educational programs, health and community services and government organizations, today announced it has been recognized by the 2021 TrustRadius Awards as a Top Rated product in the Excellence in Accounts Payable/Accounts Receivable and Expense Management categories. “MIP Fund Accounting, […]
FCA boosts British Steel claim applications
The Financial Conduct Authority (FCA) has published a new web page to help British Steel workers who transferred out after receiving unsuitable advice better understand the claims process. The FCA said around half of the cases it has reviewed so far appear to have been unsuitable. The new web page from the regulator encourages and […]
Gilt Mutual Funds – Should You Invest?
Gilt Mutual Funds – Debt mutual funds are considered as safe investment option. Gilt Funds are type of debt fund that makes investment in government securities. Recently one of my friend asked question about Gilt Mutual Funds. He asked me that he is looking for safe investment option. Should he opt for Gilt Funds? So, […]