We asked hundreds of wealth managers what they expect for their industry in the year ahead. Here’s what they told us.
Archives for 2024
Anthony Arter appointed interim chair of Pensions Ombudsman
Anthony Arter CBE has been appointed as interim chair of The Pensions Ombudsman (TPO) to replace Caroline Rookes who died in October. It will be for an interim period during which a recruitment campaign will be conducted to fill the position permanently. Mr Arter has a wealth of experience and expertise from various roles within […]
Over 50s unaware of annuity options
Almost half of over 50s don’t know that annuities come in many forms and with various options, according to research from Standard Life, part of Phoenix Group. The study suggested widespread ignorance about annuities among older people. When those who had already annuitised, or planned to do so, were asked about different annuity options, there was […]
IRS collects record-setting $4.9 trillion in tax revenue in FY 2022
The Treasury Inspector General for Tax Administration said in its annual report that the total tax revenue collected from return filings was about $790 billion more than in FY 2021.
Wichita accounting business agrees to pay $120k after delaying or not filing tax returns – Wichita Eagle
Wichita accounting business agrees to pay $120k after delaying or not filing tax returns Wichita Eagle
Draft form, instructions posted for corporate AMT
The IRS instructions say that all corporations must file Form 4626, unless they fall under one of four exclusions, to determine whether they are an applicable corporation, and, if so, to calculate the tax.
4th Quarter 2023 Economic And Market Outlook: Labor Market, Inflation, And Geopolitics
Niels Bohr famously observed that “Prediction is very difficult, especially if it’s about the future!” The sentiment is especially poignant when it comes to economic forecasting, as it’s nearly impossible to get an accurate picture of the current state of the economy at any given moment. As a result, uncertainty about how the economy may […]
Consumer Duty to speed up adoption of AI by advisers
Consumer Duty could lead to a ramp up in the number of financial advisers adopting AI and machine learning in 2024, according to fintech Origo. Origo called for firms to aim for an end to paper-based processes this year. Anthony Rafferty, CEO at Origo, said: “In an environment where digital solutions are rapidly becoming the […]
U.S. consumer debt just returning to normal levels, Bernstein says
Strains on U.S. consumer spending such as rising delinquency rates on credit cards largely indicate that Americans’ debt is returning to pre-pandemic levels.
#FA Success Ep 366: Avoiding The ‘Big Swap’ Of Wealth And Health As Your Advisory Firm Grows, With Stevyn Guinnip
Welcome to the 366th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Stevyn Guinnip. Stevyn is founder of Grow Wellthy, a health and wellness consulting firm based in Springfield, Missouri that specializes in working with busy – but not always healthy – financial advisors. What’s unique about Stevyn, though, is […]