A reader in D.C. owes $12,000 across seven different credit cards. Can financial advisors help him dig himself out?
Archives for 2024
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 […]
Gensler vows to advance SEC’s rule agenda as election looms
Despite major pushback on various proposed regulations, the chair said he is focused on “getting it right.”
Virgin Money buys out Abrdn JV for £20m
Virgin Money is to buy Abrdn’s 50% stake in their joint venture called Virgin Money Investments. Following the deal Abrdn will continue to provide investment advice for Virgin Money Investments, allowing both firms to utilise their strengths, according to Virgin Money. The joint venture between Virgin Money and Abrdn was launched in 2019. It includes […]