Monte Carlo simulations have become a central method of conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of […]
We’re paying back time with new changes in Xero Payroll
If you’re running a small business that employs staff, you know the administrative ‘to-do’ list can be quite lengthy. Onboarding, managing timesheets, setting wages, processing payroll, preparing for end of financial year… it can all take up valuable time. Pay runs in particular need to be easy and efficient for you, as well as your […]
Exiting Raymond James CEO made firm ‘fifth wirehouse’
Paul Reilly is scheduled to hand the reins to his chief financial officer Paul Shoukry next year.
#FA Success Ep 377: Navigating A Major Health Event While Keeping Your Advisory Firm Going And Growing, With Meredith Moore
Welcome back to the 377th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Meredith Moore. Meredith is the Founder & CEO of Artisan Financial Strategies, a hybrid advisory firm based in Alpharetta, Georgia, that oversees $77M in assets under management for 120 client households. What’s unique about Meredith, though, is […]
Beware, boasters: SEC challenges firms’ extravagant AI claims
Regulators contend two firms falsely advertised themselves as the first to apply artificial intelligence to investment recommendations.
Irwin Mitchell appoints new Financial Planning chief
Brooks Macdonald senior director Stewart Sanderson has been appointed chief executive of Irwin Mitchell’s Financial Planning business IM Asset Management Limited. He will replace, subject to regulatory approvals, Richard Pott who has retired after two decades at the firm. Mr Sanderson has joined IM Asset Management from Brooks Macdonald where he was a senior director […]
Identifying Your Own “Soft Assets” To Turn COIs Into Powerful Referral Champions
Soliciting prospect referrals can often be an effective way for financial advisors to grow their firms with clients who are ready to act and who will benefit from the firm since many referrals come from sources that are familiar not just with the advisor and the services they offer, but also with the prospect being […]
Morgan Stanley gives AI even bigger role with new appointment
Jeff McMillan will be in charge of marshaling the firm’s investments in artificial intelligence to drive efficiency.
Retirement fears do not play out in reality, survey shows
Many approaching retirement age are concerned about whether they will be prepared for life after a regular paycheck, but many who are already retired are faring better than they expected.
The definition of ‘rich’ — and its impact on taxes
President Biden wants the wealthy to “pay their fair share.” Ex-President Trump calls for “the biggest tax cuts.” But labeling people as rich creates massive policy challenges.