Executive Summary For every business owner, a well-written vision statement can be a tremendously effective tool, helping to clarify the long-term direction in which they want to take their companies. Although advisory firm owners are no different, there’s a difference between a vision statement that helps drive growth, and a vision statement that does little […]
Weekend Reading for Financial Planners (Jan 18-19)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry news that FINRA will be probing brokerage firms (both for retail clients and ostensibly RIA custodians as well) regarding their often-conflicted cash sweep programs into affiliated banks or proprietary money market funds, which has […]
Advising your clients on carbon emissions
The Association of Accounting Technicians (AAT) has called on its members to be proactive with helping clients and employers understand how they can achieve zero carbon emissions. The association has said that accountancy has a big part to play in the UK achieving its target of bringing all greenhouse gas emissions to net zero by 2050, a […]
Transposition Error, the Little Mistake That Causes Big Problems
Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake that’s easy to make is a transposition error. Read on to learn what is transposition error and how it can affect your accounting books. What is a transposition error? A transposition error in accounting is when someone reverses […]
Kitces & Carl Ep 25: The Overconfident Conversation And Walking Clients Back From The Greed Ledge
Executive Summary When market conditions become volatile and scared clients are on the verge of panic about the potential to lose even more money, financial advisors are faced with the challenge of talking their clients “off the ledge” from making a potentially disastrous investment choice to leap out of the market near the bottom and […]
Selecting Income-Driven Repayment (IDR) Plans To Manage Student Loan Obligations
Executive Summary Income-Driven student loan repayment plans, which started with Income-Contingent Repayment (ICR) in 1993, can make monthly repayment substantially more affordable for many borrowers by limiting student loan payments to no more than a certain percentage of income. However, when considering any of the five Income-Driven Repayment (IDR) plans, it’s critical to think not […]
How Xero helps Museum Hack operate transparently and plan for the future
Museum Hack came to be on a star-crossed night in 2013 when founder Nick Gray went on a date to the museum and suddenly understood the meaning of love at first sight. Nick had fallen head over heels…with the museum. Nick started giving tours of The New York Metropolitan Museum of Art to friends and […]
Small Business Certification: What Can the SBA Do for Your Revenue?
Obtaining certifications can open a lot of doors for professionals. But, what about a certification for your business? What kind of benefits come from obtaining a small business certification? What kind of certifications are even out there? The Small Business Administration (SBA) offers a number of certifications businesses can pursue. If you’re interested in learning […]
How to make your early stage business run more efficiently
Early stage businesses should be looking for ways to make their employees more productive and their business more efficient. More often than not, the answer lies in technology. But that doesn’t necessarily mean buying all the business-ready technology and software that’s available – instead, it’s about identifying which will have the most positive impact on […]
#FASuccess Ep 159: Navigating Financial Advisor Career Opportunities Under The Employee Model, with Kelly Shikany
Executive Summary Welcome back to the 159th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Kelly Shikany. Kelly is a financial advisor and director of wealth management for Lakeside Wealth, a hybrid RIA based in Chesterton, Indiana, right outside Chicago, where Kelly manages a base of nearly $90 million of client assets. […]