Archives for 2023
FSCS declares 13 firms in default
The government-backed Financial Services Compensation Scheme (FSCS) has today declared 13 firms in default – most of them adviser businesses – opening the door to clients claiming compensation. Some of the firms have been involved in pension transfer advice, including BSPS cases. Many of the firms are financial advisers, wealth managers and a small number […]
Kitces & Carl Ep 105: When A Prospect Doesn’t Meet Your Minimum: Navigating The Awkwardness Gracefully
For many financial advisors, setting asset minimums helps ensure that their firm can generate enough revenue to maintain business costs and compensate the advisor appropriately. While finding prospective clients who are a good fit for the firm can be challenging, what can be even more challenging is letting a prospect who doesn’t meet the firm’s […]
How to Manage Cash Flow for Your Home Pet Business
The new book, ‘Start Your Own Pet Business,’ explains how to manage critter-based cash flow.
Show some love to your customers this Valentine’s Day
Get some love flowing for your customers this Valentine’s Day! Festive or ‘event’ days like Valentine’s Day represent a great opportunity for a sales and marketing push to boost your bottom line and keep your loyal customers happy. You don’t have to be selling flowers and chocolates to show some love to your customers and […]
Amazing Apprenticeships unlocks the power of apprenticeships for small businesses
In honour of National Apprenticeship Week, we spoke with Anna Morrison, the founder of Amazing Apprenticeships, a leading organisation in the education sector, working with schools, colleges and businesses of all sizes to tackle misconceptions and promote the benefits of apprenticeships. Starting out Bucking a family tradition of attending university, Anna leapt into the world […]
42% struggling financially but signs of easing
Nearly 23m adults (42%) say the cost of living crisis has caused them to struggle financially, according to a new survey. Despite the challenges, the survey from the LV= Wealth and Wellbeing Research Programme suggests finances are beginning to stabilise for some. The proportion of people who think their finances will worsen over the next […]
Navigating the Thrift Savings Plan: Planning Opportunities To Support Federal Employees, Military Servicemembers, And Veterans
Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S. government is the largest employer in the country, it can be especially helpful for advisors to be familiar with the ins […]
IRS wait-to-file signal to millions of taxpayers creates filing season ‘chaos’
Australian business news: what’s happening right now?
Right, it’s February already, far out brussel sprout. So, with 2023 well underway, lets take a brief look at what’s happening in the Australian business landscape. AI gains stronger foothold We’ve been hearing about artificial intelligence for a long time. Usually, we’re served news about what’s coming in terms of new tools and software programs, […]