Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the CFP Board of Standards launched its 1st ad campaign, dubbed “It’s Gotta Be A CFP”, following its transition to a 501(c)(6) organization. In a change from previous campaigns, the first ad directly recommends that […]
Archives for March 2023
FOS to raise maximum award to £415,000
The consumer complaints body the Financial Ombudsman Service is to increase its maximum compensation award from £375,000 to £415,00 from 1 April. The FOS received the go ahead to raise the award limits from the FCA this week. The limit is the maximum that financial businesses can be ordered to pay when the FOS, […]
Marlborough launches low cost platform for advisers
Fund manager Marlborough has launched an investment platform for financial advisers and their clients with an annual charge of 0.2%. The company says its new Select Platform will offer the latest technology, low charges and a commitment to high levels of service. The platform is being run by managing director Phil Gilder who was part […]
How to Fill Out Form 1120: A Guide for Corporations
According to the Small Business Administration, 81.2% of large employers and 24.8% of small employers are corporations. Structuring your business as a corporation comes with benefits like limited liability and increased access to capital. It also comes with its own unique small business tax return—Form 1120. Do you know how to fill out Form 1120? […]
Why recidivist fraudsters fall through the cracks
FCA beefs up enforcement with 2 senior hires
The Financial Conduct Authority has appointed Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight in a move to strengthen its enforcement team. The watchdog says the bigger enforcement team will help ensure consumer outcomes meet the higher standards of the new Consumer Duty which arrives in July. The FCA […]
Kitces & Carl Episode 108: Crafting A (Marketing) Manifesto To Show What You Really Stand For
Offering financial advice can mean many things for different financial advisors, and there are many reasons that advisors choose to join the planning profession. But for many advisors, the process of articulating their philosophies about financial advice and what it is the advisor stands for can be much more challenging than learning the technical aspects […]
AI tools you can harness right now in your business!
Artificial Intelligence has been a hot topic for decades. Up until now though, it’s really been one of those things that still occupied the realm of science fiction, with very little traction in the real world. Yeah, yeah, ‘the robots are coming’. ‘AI is on its way’… Well, we might have just reached a genuine […]
How and when to do SMS and email marketing
When used appropriately, SMS and email marketing are both excellent avenues for building your sales funnel. If you’re just getting into this style of marketing for the first time, let’s run through some basic tips and approaches. Pro Tip: Keep in mind that email marketing (EDMs) and SMS marketing are primarily for retargeting existing customers, […]
Xero announces future plans for WorkflowMax
Over a decade ago, Xero acquired the WorkflowMax (WFM) product to build out Xero’s practice tool offering globally, and ultimately help us to create a more seamless experience for accountants and bookkeepers to run their practice in the cloud. We followed with the launch of Xero Practice Manager (XPM), bringing to fruition the early vision […]