A 46-year-old man pleaded guilty to fraud today at Southwark Crown Court following a prosecution brought by the Financial Conduct Authority (FCA). Guy Flintham, based in Blackburn, Lancashire, defrauded around 240 investors by making false representations to persuade them to invest approximately £19m in an investment scheme operated by him between January 2016 and November […]
Archives for February 2024
Highlights From The 2024 T3 Advisor Conference
The 2024 Technology Tools for Today (T3) Advisor Conference, held last month in Las Vegas, Nevada, featured a large gathering of financial advisors and representatives from across the fintech industry. Hosted by Joel Bruckenstein and his team from T3 Consulting, the conference focused heavily on the relationship between financial advice and its accompanying fintech, covering […]
Ask an advisor: How do I get out of credit card debt?
A reader in D.C. owes $12,000 across seven different credit cards. Can financial advisors help him dig himself out?
Goldman boosts CEO Solomon’s pay 24% after firm’s profit slumps 24%
The pay package of the Goldman Sachs CEO includes substantial variable compensation and stock units.
Weekend Reading For Financial Planners (February 17-18)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a study from Cerulli Associates indicates a lack of fee transparency represents a significant hurdle for many investors when considering working with a financial advisor. Which suggests that while advisors might be hesitant to publish […]
Editor’s Comment: A cold shiver…
I suspect a cold shiver went down many the backs of many at the larger adviser firms this week with news that the FCA is asking for details of their ongoing charges. The FCA announced it would survey the top 20 advice firms to ask how they were implementing ongoing charges in relation to […]
On Form 1099-K delays, Werfel says IRS must protect taxpayer rights
IRS Commissioner Danny Werfel also discussed the employee retention credit and IRS funding when he appeared before the House Ways and Means Committee on Thursday.
Tax Tips for NEW Small Business Owners (Must Read)
Accountants, business owners, and individuals aren’t safe from tax-time stress. One in four Americans say tax season is so stressful and complicated that they procrastinate filing. So whether it’s your first or 31st time filing taxes as a business owner, there are ways to simplify the process. You need a cheatsheet of small business tax […]
The Accounting Technology Lab Podcast: Oracle NetSuite Influencer Event 2024 – CPAPracticeAdvisor.com
The Accounting Technology Lab Podcast: Oracle NetSuite Influencer Event 2024 CPAPracticeAdvisor.com
FSCS declares 9 firms in default in 2 months
The FSCS has declared nine financial services firms in default during December and January, including several financial advisers. The compensation body said that the nine firms had gone out of business which means they were unable to meet any claim themselves. Firms on the latest list include SIPP provider Rowanmoor and Niche IFA. Customers with […]