With so many other challenges facing the wealth management sector, from legacy technology to developing compelling products and services, why are firms turning their attention to complaints?, writes Kate Monserrate, co-founder of advice and wealth management business consultancy Simplify Consulting. Well, one answer might be found in our recent complaints whitepaper where research revealed that nearly […]
Archives for July 2024
New Year, New Business Plan
Your business is always changing, and your business plan should reflect that. This handy document is key to tracking your company’s progress and helping you and your team stay on target. And with the new financial year upon us, now might be the perfect time to take your business plan out of the drawer and […]
What’s New In Xero – July 2024
What a month! We’ve released more than 40 amazing updates across Xero, made some pretty cool product announcements at Xerocon London, and got ready for the new Australian tax year. It’s been a busy month with lots of highlights, so read on to discover what’s new in Xero. Global: Void or delete invoices on the […]
Taxed at work? 4 keys to staying healthy, happy, and productive
Practitioners who once contemplated changing professions share strategies that changed their lives for the better — at the office and away from it.
Skerritts buys £400m AUM Surrey Financial Planner
Acquisitive South Coast-based wealth manager and financial adviser Skerritts has acquired £400m AUM Surrey Financial Planning firm KMG Independent Limited – and its sister firm KMG Investment Management Limited – for an undisclosed sum. Skerritts said the deal boosts its presence in the south east of England as the group looks to accelerate its expansion nationally. […]
From writing assistance to presentation builders: Top AI tools picked by wealth leaders
Leaders in wealth management name their top AI tools used every day in the workplace, from scheduling apps to automating content and slideshow presentations.
What Is Zero-Based Budgeting? How it Can Help Small Businesses
To stay on top of your business expenses, you need to constantly plan and update your small business budget. When you make a traditional budget, you use the previous budget and tweak it. This might not be the most effective way to make a budget, especially for small companies. Another option is zero-based budgeting. What […]
What Is Gross Profit?
Do you know how profitable your small business’s operations are? You don’t have to be a financial expert to find out. You can calculate your gross profit to compare the funds you put into your business. Gross profit definition Gross profit is the revenue left over after you deduct the costs of making a product […]
How to Complete a Market Analysis the Right Way
When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge. Before diving into a market or switching up a strategy, you need to do […]
Suspense Account in Balance Sheet: Use for Questionable Transactions
Sometimes, you don’t have all the necessary information for accounting. Missing or incorrect details can derail your bookkeeping efforts, but you need to record every transaction. Use a suspense account when you’re not sure where to record general ledger entries. What is a suspense account? A suspense account is an account where you record unclassified […]