I called custom indexing THE investing mega trend of 2021 back in December. You can read what I had to say here. This morning, Vanguard announced their entrance into the field via acquisition. If you know Vanguard, you know that they don’t make acquisitions. Which should tell you how strategically important they think this technology […]
Archives for July 2021
Garden-variety affluent investors embrace estate planning of the ultra-rich
Ordinary affluent people increasingly share an emerging challenge with their extremely moneyed peers: Figuring out how to minimize taxes when passing wealth to heirs. On the surface, President Joe Biden’s proposals for sweeping tax hikes appear to hit ultra-rich individuals the most. A higher top individual rate, a near doubling of the capital gains rate […]
These are America’s 10 worst states for remote work
Getty Images One aspect of life during the pandemic that many experts believe may be here to stay is the move toward remote work. Even as the U.S. economy reopens, some major employers are allowing many of their people to continue working from home, at least part of the time. Twitter, which was already on […]
Safety Tip
I had a conversation (if you could call it that) with someone the other day who was saying the spread of the Delta variant of Covid-19 is proof that the “vaccines are bullshit.” I had to explain to this future Nobel laureate that the clinical tests which led to approval of the vaccines were demonstrating […]
What Is Cash-Based Accounting Software?
If you run a small business, cash-based accounting is one of the easiest ways to manage finances — especially if you don’t have extensive experience with accounting. It basically works like this: you record revenue when cash comes in, and expenses when cash goes out. Cash-based accounting software, then, is any solution built around this […]
#FA Success Ep 237: From Client Services Associate To President And Partner By Building Systems And Culture, With Brittany Anderson
Executive Summary Welcome back to the 237th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Brittany Anderson. Brittany is the President and Partner at Sweet Financial, a hybrid RIA in Fairmont, Minnesota that manages $860m in assets for 1,100 households. What’s unique about Brittany, though, is that she joined Sweet […]
Household wealth increases £900bn during pandemic
Total household wealth has increased by almost £900bn during the pandemic, a 6% increase on pre-pandemic levels, according to a new report. Asset price appreciation was the primary driver of this rise in total wealth, but it was supported by increases in savings and falls in overall debt, according to the report from The Resolution […]
LGBTQIA employees leaving accounting profession – Accounting Today
Nearly one out of five accountants who identified as LGBTQIA left the accounting profession because of a lack of diversity, equitable treatment or inclusion, according to a recent study. The study, released in February by the Institute of Management Accountants and the California Society of CPAs, found that only about half of LGBTQIA (lesbian, gay, […]
SBA officially drops PPP Loan Necessity Questionnaire requirement
The U.S. Small Business Administration (SBA) has informed lenders that it is eliminating the loan necessity review for Paycheck Protection Program (PPP) loans of $2 million or greater. In a notice sent July 9, the SBA said it would no longer request either version of the Loan Necessity Questionnaire: SBA Form 3509 for for-profit borrowers […]
Pfizer to make case to U.S. officials Monday on need for Covid vaccine booster shots
The city of Long Beach’s Department of Health & Human Services holds an evening COVID-19 vaccination clinic Long Beach City College Pacific Coast Campus. on Tuesday, July 6, 2021 in Long Beach, CA. Francine Orr | Los Angeles Times | Getty Images Pfizer is meeting with federal health officials Monday to discuss the need for […]