With innovative AI technology for audit and workflow management, XBert is now supporting First Class Accounts to continue delivering the best in Australian bookkeeping. First Class Accounts clients depend on us to get their books right and we pride ourselves on delivering the industry’s best service. Our partnerships with Australia’s leading fintech firms drive our […]
Archives for July 2021
NYC is back, what the hell is happening at Chime, etc
[embedded content] Here’s the video from this week’s The Compound & Friends. Big thank you to Doug and Leanna! The podcast comes out every Friday morning, subscribe anywhere.
AI in Accounting: Interview with Isaac Heller, CEO of Trullion – TechBullion
The combination of AI and accounting might sound counterintuitive; why would the profession of numbers require silicone-grade data analysis and deep learning? The misconception about AI probably stems from sci-fi movies that feature talking computers that mimc human behavior. The “real” AI technologies out there are, in most cases, far less human-like. They actually meant […]
Facebook refutes Biden claim that it is ‘killing people’ with vaccine misinformation
Facebook on Saturday refuted remarks made by President Joe Biden that social media platforms are “killing people” by allowing coronavirus vaccine misinformation on their services and argued that vaccine acceptance among its users has actually risen in the U.S. In a blog post, Guy Rosen, Facebook’s vice president of integrity, pointed to data suggesting that vaccine hesitancy […]
Market cap vs fundamentals: How ETF weighting strategies could impact the average investor
Exchange-traded fund weighting strategies are starting to really matter for investors. Longtime market watcher and Wharton School professor Jeremy Siegel has argued for decades that investors should consider alternatives to popular market cap-weighted funds, particularly ETFs that weigh their holdings based on fundamental factors such as earnings growth, dividends or momentum. Now, that tide is […]
Commonwealth Financial Network, LPL Financial, SEC enforcement, M&A dealmaking and other news of the week
The U.S. economy is on pace for its best year of growth in GDP in decades, according to LPL Financial’s midyear outlook. The SEC hired a team of new policy officials, and barred a jailed Morgan Stanley advisor who pleaded guilty to defrauding clients out of $6 million. Wealth management mergers and acquisitions are at […]
Real estate accounting tech company Proper raises $9M in funding – Accounting Today
Proper, a San Francisco-based provider of automated accounting and bookkeeping services for real estate property and asset managers, has scored $9 million in Series A funding from investors. Proper plans to use the extra funds to accelerate development of its automated accounting technology, build a new customer-facing platform, and hire strategic talent across all functions. […]
Fueled by M&A, Morgan Stanley’s wealth revenue surges to record $6.1B
The workplace, self-directed and retail wealth management giant that Morgan Stanley amassed through acquisitions in the past two years is humming to the tune of record revenue. After supplementing its existing wealth management unit with the purchases of employee stock and retirement plan firm Solium in 2019 and self-directed investing service E-Trade last year, the […]
Weekend Reading for Financial Planners (July 17-18)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the big industry news that Vanguard has completed its first-ever external acquisition… of JustInvest, a direct indexing platform, specifically to offer it to financial advisors using Vanguard, as even Vanguard is now placing a bet that […]
The Evolving Role of the CISO
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