There’s a lot of data supporting the idea that it’s less costly, easier and more efficient to encourage repeat customers than bring in new ones. Among the stats Hubspot lists are that a 5% increase in customer retention is responsible for more than 25% increase in profit; repeat customers are 9 times more likely to […]
Archives for 2021
How to charge for bookkeeping services
Is not knowing how to charge for bookkeeping services holding you back? I know that for many virtual bookkeepers, the problem isn’t the technical know-how, the problem is being able to confidently price their services. In this blog post, I’ll share the knowledge I’ve gathered over the years on how to charge for bookkeeping services. […]
How Does the Self-employed Social Security Tax Deferral Work?
In 2020, COVID-19 took the world by storm. To provide relief during the pandemic, the IRS allowed eligible employees and self-employed individuals to defer Social Security tax temporarily. And now, it’s time for individuals (or their employers) to collect and pay back the deferred tax. But, how does the self-employed Social Security tax deferral work? […]
FCA issues consumer warning about firm
The FCA has issued a warning to consumers about credit broker Grosvenor Associate Ltd which may have been one of a number of credit brokers offering unauthorised investments to clients. The FCA says it suspects Grosvenor Associates Ltd may be part of a ‘network’ of credit brokers offering investments to consumers. Grosvenor Associates has also […]
FCA issues consumer warning about firm
The FCA has issued a warning to consumers about credit broker Grosvenor Associate Ltd which may have been one of a number of credit brokers offering unauthorised investments to clients. The FCA says it suspects Grosvenor Associates Ltd may be part of a ‘network’ of credit brokers offering investments to consumers. Grosvenor Associates has also […]
Kitces & Carl Ep 74: Making Clients Care About Financial Planning By Finding Their (Truly) Critical Issues
While it was once a common practice for financial advisors to apply cold-calling strategies to attract any client willing to engage with them, framing their value in terms that clients would understand was often a challenge for advisors positioning themselves as experts able to solve all of a client’s financial problems. But when clients have […]
Raymond James wins in arbitration against ex-brokers seeking $36M
Change of name for Rathbone Brothers
Rathbone Brothers Plc, the investment manager and Financial Planning group, has changed its name to Rathbones Group Plc with effect from today. The company said it was already commonly known as ‘Rathbones’. The board said that the growth of the group over the last decade had led to a desire for a name that reflected […]
Change of name for Rathbone Brothers
Rathbone Brothers Plc, the investment manager and Financial Planning group, has changed its name to Rathbones Group Plc with effect from today. The company said it was already commonly known as ‘Rathbones’. The board said that the growth of the group over the last decade had led to a desire for a name that reflected […]
Getting Comfortable Delaying Social Security With Six-Month ‘Reversible’ Delays
Financial advisors often assist their clients with deciding when to file for Social Security benefits, helping them choose between filing prior to their Full Retirement Age (FRA) for a reduced benefit, filing at FRA for the ‘full’ benefit, or delaying benefits after FRA until (at the latest) age 70 to increase the monthly benefit by […]