Starting your own business requires enough capital to ensure you can pay your bills until your company turns a profit. Depending on the type and size of your business, you may need thousands of dollars monthly to cover overhead. There are plenty of things that can help including these 5 funding options for start-ups. If […]
Archives for November 2021
Business Loan vs. Credit Card: Which Is the Best Option?
When it comes to your small business, there are a number of financing options available. A couple of popular options include a business loan or credit card. But, which one is better for your business? Get to know the difference between business loan vs. credit card and learn how to decide between the two. What’s […]
Kitces & Carl Ep 73: Introducing Financial Planning To Clients Who Previously (Only) Bought A Product
Financial advisors who offer comprehensive planning services often attract prospective clients in a variety of ways – through their websites, with content creation, and by referral, to name a few. In these cases, prospects are generally aware of the types of services the advisor offers. However, for an advisor who buys a book of business […]
Private equity-backed MWA buys wealth manager
London-based MWA Financial has acquired Essex-based CHC Wealth Management as part of a strategy to become a national IFA firm. CHC was previously owned by accountants Clemence Hoar Cummings. The deal follows the acquisition of Hampshire-based Prosperity Financial Advisors & Stockbrokers in March and takes MWA’s assets under influence to £380m and adviser headcount to […]
NS&I pushes up Income Bond rates to 0.15%
NS&I has today pushed up the interest rate on its Income Bonds by 14 basis points, from 0.01% gross/AER to 0.15% gross/AER. The government-backed provider says the change is to align the interest rate for Income Bonds with the interest rate paid on its Direct Saver account. The change is the only one made to […]
Veteran advisors offer career advice to next generation at CFP Board Diversity Summit
Using Medicaid Annuities To Protect Retirement Assets When A Spouse Requires Long-Term Institutional Care
According to the latest 2021 Genworth Cost of Care study, a private room in a nursing home costs almost $300/day, or nearly $9,000 per month. Fortunately, individuals in need of such institutional health care, who don’t have the means to pay for such care themselves, can generally rely on Medicaid to cover at least most […]
Old Mill plans to nearly double staff to 600+
West Country-based accountancy and wealth management firm Old Mill has revealed plans to nearly double staff numbers from 320 to 600 over the next five years. The firm is planning to change from an LLP structure to a limited company to help speed expansion and introduce new equity into the business. The company, which has […]
iPensions launches digital pension consolidator
SIPP provider iPensions is expanding into the direct-to-consumer pension market with the launch of iSIPP, a digital consolidator for UK and international clients. iPensions Group says the service is designed to provide UK and international customers with a way to consolidate their pension funds. The pension consolidation market has grown rapidly in recent years. Customers […]
What Are Implicit vs. Explicit Costs, and How Can They Impact Your Profit?
When it comes to your business, one of your main goals (if not your biggest goal) is to make a profit. And to find profit, you may need to look at explicit and implicit costs. But, what exactly are these costs? And, what’s the difference between implicit vs. explicit costs? It’s time for your implicit […]