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Is Scale a Necessary Evil in Wealth Management?

Diamond Consultants

Here are four benefits of scale: More Capital, More Investment Larger firms have bigger budgets to invest in technology, platforms, and talent. The biggest firms continue to grow, often by acquiring smaller players or recruiting top talent with the promise of resources and reach. So, is Scale a Necessary Evil?

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Sunday links: re-learning market lessons

Abnormal Returns

axios.com) Food banks are on the front lines of coming budget cuts. bigthink.com) How European universities are recruiting American academics. (netinterest.co) ETFs are growing, even in areas where they shouldn't. barrons.com) Food Even before the SNAP cuts, more Americans were going hungry. slate.com) So much for fighting MS-13.

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Beyond Salary: Understanding Your Total Compensation

Yardley Wealth Management

Research shows that only 44% of workers negotiate, despite evidence that most employers expect workers to negotiate their compensation package and typically prepare their budgets for a bit of back-and-forth. Up-front bonuses can make a difference in tight labor markets, in which companies find it hard to recruit the talent they need.

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Transcript: John Montgomery, Bridgeway Capital Management

The Big Picture

That was like, I should have paid more attention to that question because my budget, my business plan was 50% of our net worth before it was all said and done. How does that affect how you recruit employees? So she was all in, she had two questions. Question one. Can we still send our our daughters to college?

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Saturday links: clean hands

Abnormal Returns

msn.com) Everybody loves geothermal, but will tax credits survive the budget process? semafor.com) Science The race is on to recruit American scientists to countries more favorable to research. (wsj.com) The administration is preventing this Michigan coal plan from closing, despite everyone's desire to shut it down.

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Outsourcing (Parts Of) The Financial Plan Preparation Process To Boost Solo Advisor Capacity

Nerd's Eye View

However, some advisors might not be ready to take on the burden of hiring an employee (from the time spent recruiting and managing the hire to the dollar cost of providing a salary and benefits). For these advisors, an alternative approach would be to outsource the tasks they want to remove from their plates.

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The 8 Highest-Paying Jobs in Major Banks for 2023

Good Financial Cents

Through careful research and analysis of market data and other financial documents, financial managers identify opportunities for cost savings and recommend budgeting changes to help their businesses prosper. Budget Analyst. Budget analysts fill an essential role in the banking world. Portfolio Manager.