Executive Summary CFP professionals – like any professional – are expected to give advice in the best interests of their clients. Both as a hallmark of professionalism, and simply because it’s good business to do so. Yet in practice, it’s not enough to just say that CFP professionals are fiduciaries; professional adherence requires setting forth […]
The sum of us | Tony Nagle and Line Paras
During this challenging period, many small business owners and their advisors have been busier than ever. But while the impact of COVID-19 continues to be felt, the requirements of year-end remain. And, now more than ever, it pays to be prepared. As part of our series, ‘The sum of us’, the Xero team is exploring […]
All You Need to Know About Price Gouging Laws by State
One thing you never want to do is take advantage of your customers, especially during national emergencies. But sometimes, you may need to increase your prices to keep up with demand or inflation. Where do you draw the line between a standard price increase and price gouging? Not only can price gouging result in penalties, […]
COVID-19 and the Millennial Entrepreneur: Recovery and Building for the Second Wave
Over the last few years, millennials have become a major growth engine for Canada’s small business economy. While this demographic has often been characterized as lazy and entitled, our team conducted research that found millennials have started two in five new small businesses in Canada over the last two years. The research also reveals millennials […]
#FASuccess Ep 182: How Private Wealth Management In A Multi-Family Office Differs From Traditional Financial Planning, with Richard Joyner
Executive Summary Welcome back to the 182nd episode of Financial Advisor Success Podcast! My guest on today’s podcast is Richard Joyner. Richard is a wealth manager and the president of Tolleson Wealth Management, a multi-family office based in Dallas, Texas, that oversees nearly $6.5 billion of assets under management for just 180 affluent families. What’s unique […]
Why accurate data and collaboration between business owners and advisors is essential for business survival
Xero App Partner Guest Blog, written by Troy Brown, Founder at XBert. It’s been a few months since the world was thrown into crisis. Some businesses have collapsed and suffered, while others have adapted and transformed. One thing is true for all – business will never be the same. Can businesses not only survive this […]
Optimizing Operational Experience To Influence Growth
Executive Summary Growing and improving a financial advisory business is a continuous and iterative process, and in general, firm owners tend to first look for new and better ways to attract and retain clients when taking the next developmental step. However, in order to really capitalize on those efforts, advisors should first ensure that they […]
Weekend Reading for Financial Planners (June 20-21)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the news that Washington is now seriously considering a potential $1T+ infrastructure bill, as President Trump indicates a trillion dollar proposal will be coming soon and Democrats are drafting their own $1.5T version, in the collective […]
Small businesses: coming back stronger
It’s been around three months since the UK went into lockdown. We’ve all read about the huge impact the pandemic is going to have on our lives in the months and years ahead. As things slowly start to reopen and we continue to adapt it’s important we don’t forget about our wellbeing. We spoke to […]
Consumer and business confidence vital to restore British economy, says RSM partner
Following the Monetary Policy Committee’s meeting on Wednesday, the Bank of England (BoE) announced yesterday that the base interest will be maintained at 0.1 percent and the existing quantitative easing programme of bond-buying will be expanded with an additional £100bn. Simon Hart, partner and head of international at RSM, says the BoE needs to provide […]