Recently, on an episode of the “Orange Pill Addicts” podcast, I was talking to a financial advisor and asked him the question, “What was the role of a financial planner like before 1971?” Using the history of financial markets, legislation and advice, I examine here how, over the past 100Read More →
New Jersey, United States – The latest research report provides a comprehensive assessment of the Financial Planning Software Market for the forecast year 2022-2029, which is beneficial for companies regardless of their size and turnover. This survey report covers key market insights and industry approach to COVID-19 (Omicron) in theRead More →
The latest directives come as inflation is at its highest in decades. The annual rate of inflation in Canada hit 6.7% in March, forcing the Bank of Canada to catch up with a 50 basis point rate hike earlier this month. However, financial planning associations have advised against adjusting theRead More →
As technology continues to transform the financial services industry at breakneck speed, wealth managers are striving to not only keep pace, but to stay ahead of the pack. Future-proofing your business requires a concerted effort and a solid technology strategy designed with an eye on the future. Experts say it’sRead More →
Approximately every five years, the CFP Board conducts a Practice Analysis Study – the largest research project in the United States related to the body of knowledge for financial planning. The study establishes the Core Knowledge Topics that define the content of the CFP® certification requirements. The psychology of financialRead More →
For a former Fidelity executive, bitcoin in workplace pension plans evokes a very non-digital analogy: birth control. Start with the real world: a FOMO-fueled frenzy about the biggest investment trend of the 21st century, in which dozens of people are feverishly trading volatile cryptocurrencies on platforms like Coinbase. Laura Varas,Read More →
Nobody likes a surprise letter from the IRS. But for financial advisers whose clients are audited, the inconvenience presents an opportunity. By familiarizing themselves with how the dreaded process works, wealth planners can uncover a client’s honest mistakes, questionable moves, or unrealistic assumptions about investment returns. At a minimum, holdingRead More →
We all want a well-planned and fulfilling financial life. But rising expenses and inflationary pressures tend to undermine our finances and our plans. However, that is one side of the coin. The other factor, an important factor that usually lacks attention, is your money management behavior that impacts your finances.Read More →
Keeping up with the speed of technology remains an ongoing challenge for financial and professional services organizations. As ideas or applications once deemed daunting become second nature and find their way into a company’s arsenal, new technology is emerging to shake things up, leaving decision makers questioning their ability toRead More →
Professional military personnel performed worse than civilians on a financial literacy test, in a growing disparity between those who serve the country and the general population, according to a new survey. Officers and senior non-commissioned officers from all branches of the military received an average score of 57% on aRead More →
Federal Reserve Chairman Jerome Powell is considering more aggressive monetary policy by raising interest rates by half a percentage point at his policy meeting in two weeks, according to a sign discussion at the IMF on Thursday. He noted that many central bank officials already believed such a move wasRead More →
“College,” a financial roadmap for educating students and parents, is now available to Wailuku Federal Credit Union members. Artistic courtesy: CURevl The Wailuku Federal Credit Union now offers its members a college planning resource called Colleging, which was developed by a Texas-based credit union service organization that focuses on educationRead More →
In a perfect world, advisors would buy customer relationship management, or CRM, software from one of the well-known market leaders and – voila! — all data would be imported and the result would be an almost perfect environment in which everything works like a charm. It is a pleasant fiction.Read More →
With the stress of filing your tax return now conveniently in the rearview mirror – or launched on the road to the extension until October 17 – many people have started to worry about their chances of being audited. The numbers suggest that’s unlikely. Still, a host of pandemic-related taxRead More →
(News USA) – The interest and demand for personal financial advice has never been greater in the United States, largely due to the aging of the baby boomer generation. At the same time, the demographics of wealth in the country are changing. The purchasing power of Black and Latino communitiesRead More →
Whether you’re attending college or a career-training school, you may have difficulty obtaining a student loan if you intend to enroll in just a few courses every semester. Numerous lenders demand borrowers to be enrolled in school at least half-time. What you should know if you are a part-time studentRead More →
Kathleen Kenealy, Director of Financial Planning, invites Tim Gibson, Managing Partner at McWalter Volunteer Insurance Agency, to answer some of the most frequently asked questions about life insurance. Listen now as they explain why you should consider getting life insurance, how much cover you might need and how you canRead More →
the war in Ukraine and worsening inflation Raising fears of a recession wasted no time in JP Morgan Chase’s first-quarter earnings call with CEO Jamie Dimon to discuss the company’s substantial financial adviser hiring gains. The company’s private bank and JP Morgan Wealth Management have added more than 650 combinedRead More →
The former controller and compliance officer of a New York financial planning firm has admitted to working alongside her father to defraud clients of more than $11 million in a deception they ran for decades . Vania May Bell, 57, will be sentenced on July 7 after pleading guilty toRead More →
A wealth manager under different ownership after firing hundreds of financial advisers as part of a compliance review has settled a FINRA case alleging he misled investors. National Securities generated hundreds of thousands of dollars in commissions selling private placements managed by its RIA affiliate, National Asset Management, in DecemberRead More →
Cryptocurrency has been slow to gain favor with independent financial advisors, who tend to view digital assets with skepticism. Meanwhile, as more and more people trade bitcoin and its brethren, they face some thorny tax issues this reporting season that may impact their long-term financial planning. Advisors with a “holistic”Read More →
In one of the biggest recruitment moves among independent wealth managers this year, a firm overseeing 2,000 employer-sponsored pension plans has switched brokerages. Gallagher’s Retirement, Investment & Fiduciary Consulting Practices, which has more than 90 advisors and 50 support staff with listed discretionary assets under management of $6.27 billion onRead More →
SPONSORED CONTENT First Fed If financial freedom is a life goal for you, a financial plan is essential. A comprehensive financial plan should be reassessed periodically to incorporate life changes. You can start at any stage in life with just a few small goals and build from there. Then, reviewRead More →
By word in black Photography by RODNAE Productions/Pexels (WIB) – It’s healthy to start thinking about what to do if you’re diagnosed with Alzheimer’s disease or another dementia causing memory loss or death. Routine care costs can include diagnostic and follow-up visits, prescription drugs and, in some cases, full-time residentialRead More →
News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. Team previously managed Approximately $350 million in client assets; Major focus on marketing with transition to independence ST. PETERSBURG, Fla.–(BUSINESS WIRE)–A Philadelphia financial planning team today announced itsRead More →
(News USA) – Given the unique challenges and frequent unpredictability of a military lifestyle, financial planning is especially valuable and necessary for military families. There are several opportunities for military families to achieve their financial and savings goals, such as low-cost investments, loans, insurance, and legal protection. Applying the sameRead More →
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ST. PETERSBURG, Fla.–(BUSINESS WIRE)–A Philadelphia financial planning team today announced its partnership with Dynasty Financial Partners and the launch of an independent wealth management firm, Presilium Private Wealth. Presilium Private Wealth is an independent wealth management company, offering individuals simplified solutions supported by detailed financial plans. Four professionals from MerrillRead More →
Didi Gurfinkel is co-founder and CEO of DataRails, a powerful software product that helps CFOs and financial planning and analysis (FP&A) professionals meet their planning and reporting needs. Gurfinkle recently sat down with us to talk about his business and how it works. Didi, can you tell us about yourRead More →
According to a new study, millions of 403(b) plan participants across the country pay widely varying fees and choose from vastly different investment menus. Customers primarily from schools, universities, healthcare professions, religious organizations, and certain other public employees or non-profit workers pay record keeping and administration fees of between 0.0008%Read More →
Although most RIAs registered with the SEC will not receive a review this year, consulting practices that do get an audit will already have a full cheat sheet on hand. This is because the regulator has provided financial advisors and other wealth management professionals with its annual list of prioritiesRead More →
Financial advisors can get worn by discerning clients, especially those who have unreasonable expectations of market returns or spend too much in retirement. But mental frustration goes both ways, and when it comes to taxes, things can get dangerous. Wealthy investors are growing increasingly exhausted thinking about the Biden administration’sRead More →
While no known major cyberattack has succeeded in disrupting the US financial system Since the start of the conflict between Russia and Ukraine, US authorities and cybersecurity experts have been warning US companies, including independent consulting firms, to remain vigilant. Late last month, the White House warned that Russia mightRead More →
Hispanic customers are an important demographic for advisors in the future. Hispanics are the demographic group most likely (26%) to say they feel “motivated” when thinking about financial planning in today’s environment, according to a survey by Lincoln Financial Group. The company’s monthly Consumer Sentiment Tracker also noted that theRead More →