This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
What's unique about Fran, though, is how she decided to transition from the independent broker-dealer model to a 'supported independence' corporate RIA platform in order to avoid the compliance headaches involved in being a totally independent RIA while reducing the drag of platform fees on her firm's profitability by finding a platform that wouldn't (..)
Maintaining adequate books and records is a cornerstone of compliance for all investment advisers. For financial planning services, a similar approach to documentation can be applied to support regulatory compliance from the start of client engagement through all the steps that follow.
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B
5 Compliance Tips From a Financial Advisor Marketing Consultant Whether you’re creating a new website , publishing a blog post , or sharing content on social media, a financial advisor marketing consultant will tell you that compliance should always be top-of-mind. Build a compliance policy. Create a review process.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets.
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all businessmen around table RPA Operating On The Record Keepers’ Efficient Frontier Operating On The Record Keepers’ Efficient Frontier by Warren Cormier (..)
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B
Between 2014 and 2024, Mason transferred client funds into his own accounts and those of the two entities without clients’ authorization, according to the SEC. Mason, who ran Rubicon Wealth Management, a registered investment advisor in Gladwyne, Pa., He pleaded guilty to all of the criminal charges.
Understanding Tax Compliance and Risk Management Ultra-high-net-worth individuals face unique tax challenges, including high rates and ever-changing complex tax codes. Navigating these tax issues can be incredibly complex, necessitating a comprehensive compliance and risk management plan. Donate to qualified charities.
Speaker: Rita Keller - President of Keller Advisors, LLC
You've worked diligently and have built a glowing reputation grounded in your excellent skills in tax, accounting, and auditing. Profession leaders are urging you to diversify your financial skills and distance yourself from compliance work. You're known as the “go-to” person when a client is faced with tax and financial decisions.
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Marc Schechter RIA Q&A: What Was Behind Schechter’s Decision to Sell to Arax? Number 8860726.
Assets in active ETFs now account about 10% of the overall industry, compared to less than 5% a decade ago, Bloomberg Intelligence data show. Number 8860726. Vanguard, long known for its index-tracking funds, has launched at least two actively managed ETFs so far this year, bringing its total stable to 12 funds.
based accounting firm, is taking a page from large registered investment advisors by bringing together taxes and wealth management. On the other hand, ICG has more than 90 employees who provide accounting, tax, fiduciary and business services for individuals and businesses. Number 8860726.
APIs give developers access to core financial functions, such as payments, credit scoring, and account verification, without having to build them from scratch. Secure Data Sharing and Compliance Data security and regulatory compliance are central concerns in the financial world.
CPAs know the drill: taxes, compliance, rinse, repeat. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist. Save your seat today!
They are essentially dedicated accounts into which you, and other donors as well, can place cash, stocks, or non-publicly traded assets that are eligible for an immediate tax deduction. You can take your time, however, deciding how you want to distribute the donations, which meanwhile can potentially grow tax-free within the account.
These options can be integrated alongside ETFs, mutual funds, SMAs and direct indexing within a single tax-managed custodial account. Number 8860726. Raymond James Practice Mercer Advisors Lands $1.2B They are available across rep-directed sleeves, proprietary models and third-party portfolios. They are now broadly available.
Advisor-facing agents auto-populate account forms, flag missing items, and confirm custodian requirements on the fly—all without human intervention. Number 8860726. What would normally require a lengthy back-and-forth of data entry, PDF uploads, manual reviews, and e-signature coordination becomes near-instant.
For instance, if you attempt to automate the account opening process without first standardizing each manual step, you may introduce inconsistencies or errors. Mastering the Mechanics: Covers operational aspects such as investments, financial planning, and account management.
A lack of accountability and a clear AI decision-making framework are two key factors limiting AI adoption today. Number 8860726. Raymond James Practice Mercer Advisors Lands $1.2B
An IRS audit is a formal review of your financial records to verify their accuracy and compliance with tax laws. The IRS carefully scrutinizes these deductions to ensure compliance with strict valuation and documentation requirements. While FinCEN handles FBAR filings, the IRS enforces compliance for both. What is an IRS audit?
Second, measurable progress: the plan needs objective standards and measurable benchmarks so that everyone can track development and stay accountable. First, clarity: both the advisor and manager should be able to clearly define the core financial planning skills that a new hire is expected to develop in their first year.
Scheduling tools, like Hootsuite, can help you manage your social media accounts. Compliance and Security for RIAs Compliance and data security matter a lot in the financial services industry. By focusing on compliance and security, you can earn your clients trust. Use SEO tools like SEMrush or Ahrefs.
These institutions operate under international compliance norms, positioning GIFT City alongside global financial hubs such as Singapore, Dubai, and Hong Kong. As a result, GIFT City becomes a vital testing ground for phased liberalization of India’s capital account. Strategic Recommendations Broaden Asset Classes: Expand beyond U.S.
Fully Utilize Tax-Advantaged Retirement and Savings Accounts There are multiple steps you can take using retirement accounts to reduce your taxable income. Contribute to Tax-Advantaged Retirement Accounts Do your best to fully contribute to one or multiple tax-advantaged retirement accounts, such as 401(k), 403(b), or IRAs.
As Gio Bartolotta, Partner at GoJo Accountants , explains “ordinary” means the expense must be common and accepted within your trade or business, while “necessary” indicates it should help or be appropriate for running operationsnot necessarily indispensable.
The Top 5 Advisor Texting Adoption Roadblocks (And Why They’re Myths) “Compliance concerns” Built-in archiving and supervision tools solve this completely. Leadership worried about advisor resistance, compliance complexity, and client acceptance. They couldn’t have been more wrong about the timeline.
This represents a fundamental change in how the IRS monitors and enforces tax compliance on digital holdings. The starting age for RMDs has now shifted to 73, giving many clients an extra year to defer withdrawals—and with it, the opportunity to rethink how and when income is drawn from retirement accounts.
Despite accounting for the majority of most GPs’ compensation, carried interest (carry) is often overlooked in estate planning conversations. Number 8860726. Its value is uncertain, its mechanics are complex and its future is clouded by political attention.
It applied for a Federal Reserve master account on July 1st. These include robust capital reserves and compliance frameworks. It sets a demanding new benchmark for stablecoin compliance. It follows Ripple ending its SEC cross-appeal recently. Moreover, Ripple’s subsidiary, Standard Custody & Trust Company, acted decisively.
Key indicators of this status may include long-term housing (whether leased or owned), local bank accounts, or obtaining a residency visa. Maintaining accurate records of foreign income and taxes paid is therefore vital to calculating the correct FTC and maintaining tax compliance. FATCA (Foreign Account Tax Compliance Act) is a U.S.
That comes from the treasury account). And you do have to spend money on compliance to make sure that you’re threading the needle of all the various rules that apply depending on the various stock plan that you choose to, to employ. Speak to your financial advisor, speak to your accountant or tax professional.
How to Anticipate and Navigate Property Tax Scenarios for Businesses ( Carl Hoemke , CPA Practice Advisor) Property taxes and business license compliance present a complex landscape, especially when significant business events involving mergers, acquisitions, or expansion occur. Did you miss last weeks edition? You can find it here.
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. With compliance safeguards built-in, firms no longer need to worry about unsecured email attachments or misplaced documents.
Backdoor strategies are retirement contribution methods that allow individuals to bypass income limits and contribute to tax-advantaged retirement accounts. Mega Backdoor Roth 401(k)s you to keep funds within your employer’s plan, simplifying management if you prefer consolidated accounts.
Certain alternative investments held within these accounts, such as interests in limited partnerships that generate active business income, can trigger UBTI. If the total positive UBTI across all applicable investments in a retirement account equals $1,000 or more, the tax-exempt entity is required to file Form 990-T and pay tax on the UBTI.
Depending on a firms tech strategy, she wrote, advisors may have to log in to the CRM, custodian, portfolio accounting, planning software, tax planning software, estate planning software, social security maximizer software, etc.,
As automation accelerates and client expectations evolve, firms that remain focused solely on compliance are being left behind. The figure takes into account employees who accepted an early resignation offer but remain on the rolls through Sept. billion in online sports betting activity from early 2025. 30, the report said.
It means they’re going to have to engage their clients; they’re going to have to repaper all of their accounts; and they’re going to find some lost efficiency and spending some time actually working through that transition.” Number 8860726. Raymond James Practice Mercer Advisors Lands $1.2B
In 2025, the agency’s strategic deployment of artificial intelligence represents a fundamental shift in how tax compliance will be monitored and enforced, with over 68 AI-related projects already transforming everything from routine audits to complex investigations. The landscape is shifting, but with change comes opportunity.
When you have limited expertise: tax-loss harvesting requires careful monitoring and compliance with IRS regulations. It should be noted, however, that tax-loss harvesting is only applicable to taxable accounts and doesnt apply to tax-advantaged accounts like IRAs or 401(k)s. Is tax-loss harvesting right for you?
What Ultimately Matters Is Income Growth and Thats Looking Good Its useful to recall that consumption accounts for close to 70% of the economy. Compliance Case # 02542778_120924_C The post Market Commentary: Stocks Hit New Highs Amid a Year of Milestones appeared first on Carson Wealth. annualized pace over the last three months.
Number 8860726. Growing number of RIAs joining aggregators [link] Preparing for private equity in DC plans [link] Is ERISA Litigation Bad or has it helped Improve 401(k) Plans?
You think youâre ready to open the account, but instead you're chasing missing fields, resending forms, and explaining delays to a client who's already wondering if they made the right choice. Incomplete or Missing Documentation This is one of the most common reasons new account applications get held up.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content