Clients needed grit and perseverance last year as they whipsawed through a pandemic, a market crash, a record-setting rebound and massive government stimulus. This year may require that they summon up the same qualities to face a much-altered investing environment. Investors are gradually emerging from a COVID-19 world into what could be an optimistic time […]
Archives for June 2021
Inflation looks bad now, but it’s pretty much sticking to the script
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images Under normal circumstances, the recent spate of high inflation numbers would be cause for high alarm. But in the present Covid-era context, they were confirmation in some quarters that the inflation picture is doing little more […]
Commonwealth, AllianceBernstein, LPL, Stifel: Who’s moving and what’s happening this week
Advisors join Stifel, LPL, Raymond James, Snowden Lane, and other firms; LPL takes another step toward integrating M&T Bank’s wealth management arm; and the biggest independent broker-dealer brings billions of dollars into its new model “sleeves.” Scroll through for more quicktakes from the week in financial advice.
Florida building collapse: People need to stay hopeful, rescue expert says
An emergency services veteran on Friday urged the community of Surfside, Florida to not lose hope as rescuers desperately search for survivors following the collapse of a 12-story ocean-front condo tower. “You would be surprised how much people can survive, and that’s the case here. So we shouldn’t lose hope,” Carlos Castillo, who helped develop […]
IRS turns to data analytics to track crypto tax evasion – Accounting Today
The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden. The IRS has been training its spotlight on crypto users, adding a question to the front page of the tax form asking taxpayers, “At any […]
Boat maker Brunswick sees revenue growth but faces low inventory levels due to consumer demand, CEO says
Boat maker Brunswick will have low inventory by the end of 2021 as it continues seeing strong revenue growth and consumer demand, Brunswick CEO David Foulkes told CNBC on Friday. While Foulkes said he expects Brunswick to meet its production forecast for 2021, he noted that the company is still recovering from pandemic-induced supply chain disruptions and […]
PS3 Players Ban: Latest Victims of Surging Attacks on Gaming Industry
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Weekend Reading for Financial Planners (June 26-27)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a look at the big media buzz around how Peter Thiel managed to built a whopping $5 billion Roth IRA by ‘stuffing’ it full of pre-IPO shares of his companies and early stage startup investments (first PayPal, then […]
SBA may be dropping PPP Loan Necessity Questionnaire requirement
The Associated General Contractors of America (AGC) said that the U.S. Small Business Administration (SBA) is in the process of removing the requirement that Paycheck Protection Program (PPP) borrowers submit a Loan Necessity Questionnaire when applying for forgiveness on loans of $2 million or more. A lender notice from an SBA district office also indicates […]
Herbers & Company launches new app to bring training programs, tools and insights to financial advisory firms
An independent consulting firm has launched a mobile application that will bring training programs, tools and insights straight into the hands of financial advisory firms. From Herbers & Company, the Academy mobile app, available on desktop, iOS and Google, will give users practice-management ideas with a subscription fee. Angie Herbers, the company’s founder and CEO, […]