Broadly speaking, there are 2 models of working as a financial advisor: operating independently as a firm owner or with a large affiliate platform such as a wirehouse broker-dealer, independent broker-dealer, or larger corporate RIA. Deciding which model to work under is a key moment in beginning or evolving a career as an advisor. In the […]
Archives for April 2024
Pro-China party reportedly wins big in the Maldives, likely accelerating its shift away from India
The outcome is widely expected to accelerate the Indian Ocean archipelago’s shift toward China and away from its traditional ally of India.
Merrill leaps back into recruiting with $3.5B team from JPMorgan
An industry recruiter said the Bank of America subsidiary has become almost “unhinged” with the amount of money it’s willing to offer advisors it’s recruiting.
Updated FAQs provide details on phase-in timing of BOI access
The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI.
CFO optimism reaches 3-year high, new survey shows
More than one-third of CFOs are very optimistic about the economy, according to a quarterly survey by Grant Thornton, and most finance leaders project growth in net profits over the next 12 months.
Weekend Reading For Financial Planners (April 20-21)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that CFP Board announced that it has crossed the milestone of 100,000 CFP professionals in the United States, and despite having just celebrated its 50th anniversary last year, just set a record high in the number of advisors sitting […]
Editor’s Comment: It’s time to kick off
I never thought I’d see former professional footballers march through central London to protest about financial scams and poor regulation but that’s exactly what happened this week. Ex-pro footballers Andy Cole, Danny Murphy and Colin Hendry were among a large group of campaigners attending the Transparency Task Force’s “Enough is Enough March for Justice” in […]
Despite moratorium, IRS gets 20,000 ERC claims weekly, Werfel says
IRS commissioner Danny Werfel told the Senate Finance Committee that a tax bill passed by the House in January would help the IRS combat fraud in employee retention credit claims.
Kitces & Carl Ep 136: Should Internal Succession Plans Provide A G2 Discount For Lack Of Affordability?
For over a decade, the financial advice industry has been bracing for an “any-minute-now” tsunami of advisor retirements and concomitant sales of financial planning practices. Although that wave has yet to materialize (as many advisors may find that they’d prefer to stay engaged and earn well past the ‘traditional’ retirement age), the fact remains that, […]
Earth Day 2024 is here and it’s never been more important for you to be a part of it
Another year around the sun. Earth Day 2024 is on 22 April, and awareness and participation has never been more vital. The importance of Earth Day, and the real-world effects it has, can’t be overstated. The world is at a severe tipping point in terms of environmental degradation and only swift and collective action will […]