For many next-gen financial advisors who start with or move their careers to an established firm, eventually earning an equity stake in that firm can be an exciting prospect and is often a major career goal that many advisors aspire to achieve. However, when these aspirations are delayed or blocked by senior advisory firm partners […]
Archives for August 2023
TPR to compel schemes to state ‘illiquid’ investment policy
The Pensions Regulator (TPR) is to introduce new rules from 1 October which will compel defined contribution (DC) pension schemes to declare their policy on investing in illiquid investments. The TPR has updated its guidance to help ensure schemes comply with the new regulations. The TPR says the new rules are designed to ensure that […]
That’s a wrap! Xerocon Sydney highlights from day two
It was great to see so many new and familiar faces from Xero’s accounting and bookkeeping community at Xerocon Sydney 2023. As always, day one featured a packed agenda – and you better believe the pace didn’t let up on day two. Sharing insights and inspiration We had another busy morning on the main stage. The […]
After parent’s Goldman deal, retirement firm to add $5.5B company
World Insurance’s Pensionmark unveiled a giant deal following the insurer’s private equity agreement for $1 billion in financing at a valuation of $3.4 billion.
“Legacy IRA” Rollover To A Charitable Gift Annuity: Using This New Tax-Advantaged Opportunity To Help Clients Achieve Charitable And Retirement Goals
Charitable Gift Annuities (CGAs) have long been a popular way for individuals with charitable intentions to plan their legacies. By contributing a lump sum to a charity in exchange for fixed recurring payments for life (with any leftover funds after the donor’s death going to the charity), the individual can ensure that their funds are […]
The highlights from day one of Xerocon Sydney
Wow! What an exciting first Xerocon as CEO. Day one was full of so many inspiring moments. Of course, the best part was talking directly to our accounting and bookkeeping community about the critical role they play in the lives of small businesses. Being on the big stage to discuss the importance of Xero’s purpose […]
Product wrap from Xerocon Sydney 2023
We just kicked off day one of Xerocon — the vibe and the atmosphere in Sydney is fantastic! Our leadership team — including new Chief Product Officer, Diya Jolly — shared the latest enhancements to our platform that will help accountants and bookkeepers grow their practice, help their clients succeed, and get the most out of […]
How small businesses are navigating AI
The hype around artificial intelligence (AI) is making small businesses feel that its development and adoption is moving at lightning speed. In fact, our new research shows that 80% of small business owners globally are concerned that the fast pace and nature of AI is leaving regulation in the dust. They told us they want […]
Xero Beautiful Business Fund applications open for small business customers
Today marks day one of Xerocon Sydney and I’m so excited to share more details on a global initiative called the Xero Beautiful Business Fund. Last month on Xero Day, the anniversary of the day where it all started for us 17 years ago, we announced the Xero Beautiful Business Fund as a way to […]
Morgan Stanley told to pay $1.8M for overconcentrating client in stock
A brokerage client’s portfolio was gradually invested almost exclusively in the fund manager WisdomTree over a decade.