Industrial companies are facing formidable hurdles, both in meeting their operational objectives, and in understanding the vast volumes of data available to them to decide how best they can achieve those goals. For example, 38% of European capital-intensive companies, highlighted in recent research commissioned by AspenTech, say they are balancing global demand for resources with […]
Archives for August 2023
Only 1 in 3 advisers develop relationship with next generation
Only one in three financial advisers have discussed intergenerational wealth plans with their main client’s children, according to a new report. Whilst most (96%) of advisers said intergenerational planning is important to their business, just 62% have an intergenerational business strategy, according to a new report from HSBC Life. Just 30% of advisers surveyed had […]
IRS Notice 2023-54 Provides Welcome Relief To 10-Year Rule Beneficiaries And Retirement Account Owners Born In 1951
The original SECURE Act, signed into law in December 2019, changed many of the long-standing rules governing IRAs and other retirement accounts, and no single measure in the legislation had a more seismic impact on planning than the changes to the post-death distribution rules for retirement accounts. Specifically, the law stipulated that “Non-Eligible Designated Beneficiaries” […]
Is paperless payroll right for you?
When you think of payroll, you might not be thinking about paperless payroll. Instead you still envision paperwork and envelopes given to team members by hand. Even with direct deposit being the norm for years, there is still a significant paper component to manage. As with most things, payroll is going digital – and […]
3 tips on how to connect with next-gen heirs for estate planning
Experts from Bank of America Private Bank and other wealth firms share top tips on how to help clients and advisors connect with heirs.
Beyond Meat stock slides more than 20% after company reports weak sales, cuts forecast
U.S. demand for Beyond’s meat alternatives is declining at a faster rate, even as the company cuts its prices.
Tips for taking on a messy comingling cleanup in QuickBooks Online
Starting with a new bookkeeping client can be an exciting opportunity, but what happens when their books are a mixed mess of personal and business transactions? It becomes crucial to implement effective strategies to untangle the comingling mess and establish proper bookkeeping practices. When that happens to you, here are my tips for taking on […]
Update on states moving ahead with PTETs
States continue to move ahead with implementing new passthrough entity taxes as a workaround to the $10,000 cap on the federal deduction of state and local taxes.
Hastings credit union declared in default
The FSCS has declared Hastings & Rother Credit Union Limited (trading as 1066 Community Bank) in default. The FSCS expects the total compensation for members of the credit union to be over £387,000. Founded in 1999, the credit union was based in Hastings and acted as a financial cooperative, offering its members financial security through […]
#FA Success Ep 345: Differentiating With Institutions And Ultra-High-Net-Worth Investors As A Serious Investment Firm, With Lori Van Dusen
Welcome back to the 345th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Lori Van Dusen. Lori is the CEO of LVW Advisors, an independent RIA based in Pittsford, New York, that oversees more than $2 billion in assets under management for over 450 small-to-mid-sized institutions and ultra-high-net-worth families. What’s […]