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Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financial planning (as well as consulting with over 15,000 clients on student loan debt). Read More.
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. Let’s take just this week.
which is a good bit north of Lexington and just across the river from Cincinnati, Ohio (sorry, I love geography and startup origin stories). Advisors can customize the application to convey pretty much any type of data or information clients or prospects might want. Your brand always visible.
Related: The WealthStack Podcast: The Future of Personalized Portfolio Management with Govinda Quish “Estate planning is one of the things that advisors [repeatedly] tell us that they found immediate value in [post-merger] because it is part of the turnkey [Mercer] offering and does not mean referring a client outside the firm,” said Orff.
Let us face ittech startups encounter a unique set of tax challenges that can make or break their financial future. Strategic tax planning serves both to keep companies on the right side of IRS regulations and to preserve necessary capital during those precarious early stages when the startup is most vulnerable.
As a financial planner, your guidance is essential in helping clients minimize risks and maximize financial benefits. Compliance and Regulatory Requirements Corporations and LLCs face stricter regulatory requirements than sole proprietorships and partnerships.
Indian startups are no longer in the motive of just catering to the domestic markets. Widening the abroad offers and the access to the newer clients can increase the profit margins and the global recognition towards the startup. New York’s BAT VC is committed to create USD 100 M to US-India tech startups.
Your home office must serve as either your principal place of business, a space for meeting clients, or exist as a separate structure dedicated to business activities. Understanding these limitations and planning accordingly can help maximize QBI benefits while maintaining compliance with IRS regulations.
In this article, we’ll examine how tax firms can transform their client list from a simple roster into an engine for growth, and how platforms like Harness can aid in the process. It also captures the inherent, ongoing value that tax advisors provide their clients, which goes beyond simply trading hours for dollars.
Alternative investments offer investors access to startups, real estate, and other non-traditional opportunities beyond stocks and bonds. For VC and startup investments, platforms such as AngelList and Hiive offer solutions to individual investors. Eligibility: Usually requires accredited investor status.
But today, you know, a lot of brokers, you know, whether they’re with the big full service brokerage firms now have advisory accounts that they flog to clients where they can buy ETFs. And then I was approached by Citigroup about being director of financial education for this startup called MiFi. You know, what would happen next?
It works with global clients, including biotech startups and large pharmaceutical firms, helping them bring new medicines to market. Dependent on regulatory approvals and compliance for manufacturing facilities. The company offers end-to-end services from drug discovery to development and manufacturing.
Accuracy and error prevention capabilities The computational power of tax preparation software virtually eliminates mathematical errors while ensuring compliance with current tax laws. It happens so frequently that I have started to think every new client onboarded is an amended return waiting to happen.
(citywire.com) Add Mercer Advisors, teaming with Opto, to the list of firms making alternatives available to clients. (fa-mag.com) fa-mag.com) The latest in financial advisortech including the launch of compliance archiving startup Archive Intel. citywire.com) On the benefits of a team-based approach to advising clients.
This month's edition kicks off with the news that Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while potentially valuable in helping advisors understand and improve their client experience (and subsequently (..)
Welcome to the June 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
This month's edition kicks off with the news that held-away asset management platform Pontera has raised $60 million in venture capital funding as advisors increasingly seek to directly manage clients' 401(k) and other outside assets – although an ongoing investigation by Washington state regulators over whether advisors' use of Pontera violates (..)
As with Altruist, the ‘other’ new startup RIA custodian to launch in recent years, Entrustody is pledging to have a more modern interface with a better user experience, more and deeper integrations, and a more transparent price structure than ‘traditional’ custody services.
This month's edition kicks off with the news that estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate planning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estate planning (..)
morningstar.com) Michael Kitces and Carl Richards talk about repurposing lessons from clients for content. riabiz.com) This startup wants to make it easier to borrow against whole life insurance policies. riabiz.com) Compliance Many clients want to text with their adviser. Budge looks to solve this.
Within the accounting profession, Client Accounting Services (CAS) has emerged as a pivotal offering for entrepreneurial CPAs wishing to help their clients with more than just annual tax filings. Table of Contents What are Client Accounting Services (CAS)? What are Client Accounting Services (CAS)?
Several other states additionally require notice filings from SEC-registered advisors with clients in those states, meaning that even for SEC-registered RIAs, staying compliant with filing requirements requires them to understand the filing rules for each state in which the firm does business.
Likewise, many RIAs have expanded their advisor ranks by recruiting career changers or recent graduates and nurturing them with referrals or redistributed clients. They serve a specific client segment on behalf of their employer and adhere to their firm’s brand, investment, and client service processes.
If you’re thinking, “But my clients are high-net-worth…many more have an estate plan.” These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions. What do these numbers tell us?
FOR IMMEDIATE RELEASE NEW YORK, NY — September 3, 2024: Harness , a New York-based fintech startup that seeks to make bespoke tax & financial advice accessible to more households, is excited to announce the appointment of Will Bressman to its Board of Directors.
Although there is a fierce ongoing debate on the overall impact of digitization on the world (especially regarding employment rates), there is no doubt that it comes with many benefits for both financial advisors and their clients. Related Read: Reducing Compliance Risk with Technology.
They want to have a sense of ownership over how they run their practice—including the ability to hire and fire team members, distinguish themselves from their colleagues by marketing their business creatively, and be allowed to run their practice without as much interference from compliance. But things started to change at the firm.
From quarterly estimated tax planning to equity compensation and crypto tax planning, diversifying your service offerings can not only set you apart from the competition, it can also help you significantly grow your revenue and retain clients. I really enjoy helping my clients with their equity questions and creating a personalized tax plan.
I frequently have these conversations with my coaching clients where we discuss what does the advisor want their role to be. Some advisors naturally and easily segue into a leadership role and give up most, if not all of their lead advisor client relationships. How to transition clients between advisors.
A business plan will also help you stay organized throughout the entire startup process. Having a detailed understanding of your financial reports will help you make informed decisions for your business, and you want to ensure your company does not have any surprise tax bills or compliance problems with the IRS.
A business plan will also help you stay organized throughout the entire startup process. Having a detailed understanding of your financial reports will help you make informed decisions for your business, and you want to ensure your company does not have any surprise tax bills or compliance problems with the IRS. Mazuma Wants to Help.
When to work with a CPA CPAs are granted unlimited representation rights by the IRS, which means they can represent clients on any tax matters, such as audits and appeals even if they did not prepare the tax return. Tax attorneys provide comprehensive advice, making them a good fit for clients needing: Potential representation in U.S.
If much of the return associated with unicorns occurs before going public, how can private clients participate? Brown Advisory, for example, has created a series of partnerships that allow clients to invest below-minimum amounts in selected venture funds. Participation. has been a major unicorn enabler. A New Model.
Making accurate and timely estimated tax payments helps you manage your taxable income, avoid penalties, and ensure you’re in compliance with the IRS. If you earn any income from an acquisition , Initial Public Offering (IPO) , tender offer , or a secondary sale of your startup equity, you may also owe taxes on the capital gains.
The space is still relatively nascent, terminology is still enigmatic at times, and there remains a large degree of uncertainly and opaqueness with regulatory and tax compliance, which hinders broader institutional adoption. . Podcast: How science, technology, and design intersect for great client experience. headphones.
Brian Hamburger has been one of the leading authorities in the world of registered investment advisories, broker-dealers, SEC regulatory compliance. And I would constantly hear them frustrated by the compliance department. HAMBURGER: They were just blaming compliance for everything they couldn’t do. RITHOLTZ: Right.
How to recruit and retain the best people and how to use technology as a tool to give you an edge, not just in investing but in the ability to offer clients various solutions improving your efficiency, effectiveness and productivity as a company. I manned client call phones. Who are its clients? And it is slightly surreal.
WENGER: Yeah, that had really been my goal since my own first startup in ’96, ‘97, which was a company called W3Health that ultimately failed. From that experience, I realized that I really loved startups, but then I was never going to be good operator, but I thought I could maybe be a decent investor. Why is that?
They have $37 billion in clients and their own funds, of which they have invested across a variety of disciplines from credit to strategic capital, as well as taking companies private and helping them grow into something more substantial than they’ve been in the past. They’re advising clients. RITHOLTZ: Oh, really?
I mean, essentially what no one understood in the industry and still don’t understand today in the real estate industry is that when appraisers doing an appraisal for the buyer that’s getting a mortgage, their client is actually the bank. RITHOLTZ: Right, that’s right. RITHOLTZ: 44, I mean, it’s there for the taking.
And then when I got to Capital Group, obviously I was under compliance, they were like, you really can’t be talking about stocks online. And I joined a tech startup called OnDeck and built out their investment education arm. That’s like not cool. And I was like, okay, fine. 00:06:47 [Speaker Changed] Yeah.
So the smartest thing I ever did in this where Social Leverage started is I took everything I made and just redistributed it to everybody I saw doing a startup around … RITHOLTZ: Just every company. Um, case anybody that says anything, non-compliant, compliance tracks that also the watch list is just sort of fun. LINDZON: Yes.
Some require extensive record-keeping, regular board meetings, and additional compliance filings, while others maintain relatively straightforward compliance requirements. This structure enables you to start serving clients promptly without navigating complex formation requirements or incurring significant startup costs.
From identifying deductions to ensuring compliance, navigating tax complexities can quickly become overwhelming. They vary in expertise, specializations, and how they work with clients. Theyre a good choice for clients needing attorney-client privilege or handling legal disputes.
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