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The Hidden Costs of Manual Tax Document Collection—And How to Fix It

Harness Wealth

Without a secure system in place, firms face the risk of hacked email accounts, lost or misplaced documents, and even compliance violations with the IRS and financial regulations. The increasing threats of cybercrime make it essential for tax advisors to adopt safer methods for handling client information.

Taxes 52
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Incorporating Collectibles into High-Net-Worth Financial Planning with Tom Ruggie

Steve Sanduski

Things such as valuation, insurance, storage, and the succession plan. What ultimately is going to happen with those collectibles? Evaluating my own situation, I realized that I was not on top of this and that I was going to potentially leave a mess for my family.

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Managing the Plan but Not the Wealth

Wealth Management

How advisors can help clients manage their defined contribution accounts to provide a holistic view of their portfolios.

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Client Cash Management: Why It’s Important, And The Next Generation Of Technology To Make It Better

Nerd's Eye View

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Clients 246
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Client Cash Management: Why It’s Important, And The Next Generation Of Technology To Make It Better

Nerd's Eye View

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Clients 246
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Establishing Solo 401(k) Plans For Self-Employed Workers: Options, Contribution Limits, Deadlines, And More!

Nerd's Eye View

And for advisors who serve self-employed clients, managing a solo 401(k) plan is often a different process than managing other types of investments.

Planning 246
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How Financial Advisors Can Help Protect Elderly Clients From Fraud

WiserAdvisor

Due to the lack of technological know-how in the older generation, many scammers use new-age methods, such as obtaining passwords, account numbers, Social Security numbers, etc., Set up a system for monitoring financial accounts In the present day and age, technology can be a boon and a bane.