The cost and complexity of new financial regulations, such as the Consumer Duty, are pushing financial advisers to increase minimum client portfolio size to maintain profitability.
Archives for December 2024
Parmenion adds Open Banking investment top up tool
Platform and DFM provider Parmenion has added an Open Banking facility which will allow advised clients to top up their investments direct from their bank accounts.
A Recordkeeping Checklist For Financial Planning Services: Proactive Documentation Of Service Delivery To Reduce Regulatory Scrutiny
Maintaining adequate books and records is a cornerstone of compliance for all investment advisers. While state and Federal regulations clearly outline recordkeeping requirements for areas like financials, advertisements, and trading records, there is a notable gap when it comes to documenting the delivery of services – especially financial planning services – necessary to justify the […]
CPI inflation spikes upwards to 2.6%
CPI inflation has spiked upwards for the second month in a row, to 2.6% in November, ONS reported today.
5 Signs It’s Time to Hire an Accountant
Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance. Not sure if it’s time to hire an accountant for small business? Signs […]
What Is Inventory?
Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. So, what is inventory? Inventory meaning Inventory represents the goods your small business has for sale or in storage. Your small business’s inventory […]
#FASuccess Ep 416: Avoiding The Compliance Headaches When Going RIA By Choosing A ‘Supported Independence’ Corporate RIA Platform, With Fran Toler
Welcome everyone! Welcome to the 416th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Fran Toler. Fran is the CEO of Toler Financial Group, a DBA firm under the RIA Rossby Financial, in Silver Spring, Maryland, that oversees nearly $200 million in assets under management for 280 client households. What’s […]
2 advisers appeal bans over £126m of ‘flawed’ pension transfers
The FCA has provisionally banned and fined two financial advisers over failings involving £126m of allegedly “flawed advice” pension transfers.
Business Tax Deadlines for 2025 to Put on Your Calendar (+ Charts)
It’s that time of year again when tax filing deadlines bear down on small businesses across the country. Don’t get caught off guard this year. Read on to learn all about the deadlines for taxes. Business tax deadlines Tax Day (aka the day individual income tax returns are due) is on April 15 every year. But […]
Building An Inclusive Hiring Process To Decrease Bias And Find Your Firm’s Ideal Candidate
When a financial planning firm is hiring a new employee, it naturally wants to find the best candidate to fill the role. However, some firms may unintentionally limit the applicant pool by using a promotion and selection process that doesn’t focus on the most important traits or that introduces biases, which can lead to missing […]