Financial advicers are intimately familiar with the phrase, “Past results are not indicative of future performance.” Every document that considers the facts around any particular asset class will invariably include that disclaimer, but constructing a portfolio consisting of a mix of equities, fixed income, and other assets requires investors and advicers to make some fundamental […]
Archives for April 2024
Equity Release Council enhances guide for advisers
The Equity Release Council, the trade body for equity release providers, has published a new Consumer Duty-friendly guide to help financial advisers communicate more clearly and simply with clients about equity release. The Council said the handbook would help advisers ensure their communications are “clear, fair and not misleading” as required by the FCA’s new […]
Number facing financial struggle falls by 3.5m
The number of people struggling to meet financial commitments has fallen by 3.5m since last year, according to new figures published today by the FCA. Its latest research for its long term Financial Lives study found that 7.4m people were struggling to pay bills and credit repayments in January, down from 10.9m in January 2023. […]
Dynasty makes its case to RIAs with a look under the hood
The platform provider offered up rare transparent data about financial advisor payouts and the cost of its technology amid an accelerating race for top talent.
#FA Success Ep 380: Expanding Capacity For $500M Of Organic AUM Growth In Just 4 Years By Increasing The Density Of Team Talent, With Andrew Leonard
Welcome everyone! Welcome to the 380th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Andrew Leonard. Andrew is the Managing Partner of Geometric Wealth Advisors, an RIA based in Washington, D.C., that oversees approximately $750 million in assets under management for about 200 client households. What’s unique about Andrew, though, […]
AICPA: BOI ruling confuses businesses; enforcement should be delayed
In a letter to the Treasury secretary and the FinCEN director, the AICPA called for enforcement of beneficial ownership information reporting regulations to be suspended until after lawsuits are settled.
Brazil Supreme Court justice opens inquiry into Elon Musk, escalating dispute over misinformation
Judge Alexandre de Moraes is a staunch supporter of regulations designed to rein in misinformation online in Brazil.
What It Takes To Attract And Serve HNW Entrepreneurs As A Financial Advisor
Among the many client niches financial advisors serve, successful business owners are often seen as an attractive group to work with, given the complexity of their financial situations (meaning that advisors have significant room to add value) and that many fall into the High Net Worth (HNW) category with as much as $5 million (and […]
Professionals on the Move – April 8, 2024 – CPAPracticeAdvisor.com
Professionals on the Move – April 8, 2024 CPAPracticeAdvisor.com
What’s the difference between accounting and bookkeeping?
Much like those people who don’t understand the difference between Aussie rules, league and association football and call them all footy, a number of small business owners use the terms accounting and bookkeeping interchangeably. In reality, they are two entirely different things. Knowing the difference between accounting and bookkeeping will ensure your small business finds […]