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This month's edition kicks off with the news that Holistiplan has announced the rollout of a new estateplandocument extraction tool to stand alongside its highly popular tax return scanning tool – which highlights how advances in AI technology have allowed tools like Holistiplan to go beyond tax returns and scan nearly any kind of document (..)
And while Black Diamond has cut a deal with Morningstar to be the 'default' option for Office advisors to move to, a host of other portfolio management platforms are offering their own incentives as well, leaving Morningstar Office advisors with an opportunity to evaluate a large and crowded landscape of options to find the platform that will work (..)
This month's edition kicks off with the news that digital estateplanning platform Wealth.com has raised a whopping $30 million in Series A funding, following on the heels of Vanilla's follow-on $20M capital round just a few months ago – which on the one hand reflects the anticipated enthusiasm for solutions that can help advisors efficiently (..)
Number 8860726. Their public records, LinkedIn activity, financial documents and digital behavior are already synthesized into a secure, adaptive client profile—before they finish typing their name. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales.
Number 8860726. Document Management: Microsoft 365/OneDrive JY: We did a big overhaul after buying the business. We created a whole new system, very similar to a clean folder management structure, just so we could find documents easily and make it very intuitive. Registered in England and Wales.
This month's edition kicks off with the news that estateplanning 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' estateplanningdocuments, as it joins FP Alpha in the competition to become 'Holistiplan for estateplanning (..)
million in seed funding to support its growth as it builds out its "end-to-end" financial planning and advice engagement platform (but will it be able to replace, rather than augment, advisors' existing financial planning software?)
Moreover, even if durability is established, it's important to distinguish between an immediate POA, which is effective as soon as the document is signed, and a springing POA, which won't be effective until the grantor becomes incapacitated, and that incapacitation has been certified by a doctor as well! Unfortunately, nearly half of all U.S.
Moreover, even if durability is established, it's important to distinguish between an immediate POA, which is effective as soon as the document is signed, and a springing POA, which won't be effective until the grantor becomes incapacitated, and that incapacitation has been certified by a doctor as well! Unfortunately, nearly half of all U.S.
Number 8860726. Now, two years in, it has built AI agents to automate document processing. Registered in England & Wales with number 01835199, registered office 5 Howick Place, London, SW1P 1WG. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales.
This month's edition kicks off with the news that Altruist has announced a $152 million fundraising round, the latest in a steadily increasing series of capital raises as it has built out new technology features to compete with the "Big Two" custodians of Schwab and Fidelity – leaving the big question of what it intends to do with this fresh (..)
The post Expert Insights: EstatePlanning Communication and Modern HR Leadership Challenges in 2025 appeared first on Yardley Wealth Management, LLC. This case powerfully demonstrates why proper documentation alone isn’t enough. Ensure documents are easily accessible when needed.
Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment.
This month's edition kicks off with the news that Pershing X has announced the launch of its long-awaited (and newly renamed) “Wove” advisor technology platform – which despite purporting to be an open-architecture, multi-custodian solution allowing advisors to smoothly integrate all the technology they choose to bring onto it, in (..)
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Farther raises a $15M Series A to try to make a more efficient back-office for advisors to actually be able to take home a 75% payout.
Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estateplanningdocuments (wills, trusts, etc.) But note, in order for a power of attorney (POA) document to be valid, it must be signed by your parents while they are still mentally competent.
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Envestnet has announced that it is being acquired and taken private in a $4.5
Whether you’re driven by a passion for a specific craft or an innovative idea, taking the leap into entrepreneurship requires careful planning and thoughtful consideration. Mike Garry : Financial advisor, CFP®️, founder and CEO of Yardley Wealth Management, and estateplanning lawyer at Yardley EstatePlanning.
Get a social security number for your child. You can request a social security number along with your baby’s birth certificate. Also, your employer may offer an opportunity to contribute to a Healthcare FSA, Dependent Care FSA and HSA, these plans allow you to make pre-tax contributions and use the money for eligible expenses tax-free.
The number varies, but $1,000-$2,000 in cash is about the ballpark for covering travel costs, gas, food, etc. Disaster Preparedness Financial Documents. On the topic of finances, don’t forget your important documents. Even if you’ve digitized all of your important documents, you still might need physical copies as a backup.
Some studies also show that by 2034, the number of older adults will outnumber children. 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., However, proper estateplanning can help in these situations.
But a number of readers got back to me with a reality check. 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, estateplanning software, social security maximizer software, etc.,
Incomplete tax documentation: Waiting for essential tax documents, such as W-2s, 1099s, or other forms, is a common reason to file for a tax extension. As well as being complicated to complete, K-1 forms are often issued later than other tax documents, frequently compelling filers to seek tax extensions.
Number 8860726. Melissa Rodriguez June 11, 2025 5 Min Read As the most significant intergenerational wealth transfer in the history of the United States unfolds, women, particularly widows, are increasingly at the forefront of estate management and disputes. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG.
Aside from the legalities of estateplanning, this exercise is perhaps the single most loving and considerate document you can create for your family that they will forever be grateful for. Review this document annually and share it with your executor so that everything is crystal clear.
The estateplanningdocuments may be done, but is there anything else to really feel comfortable that you’ve prepared all you could when you pass away? After my mom passed, I had been helping my dad get his estateplanningdocuments and other financial activities in order. So, practice!
He says, “the biggest mistake many businesses owners make is not running a competitive process when the business is capable of attracting interest from a broad number of buyers. On the personal side, your financial advisor , estateplanning attorney, and CPA/tax advisor should be involved throughout the process.
And their number has more than doubled since the 1990s. A foundation can be passed down from generation to generation and can involve any number of family members. Both can be effective ways to plan major donations, defer income taxes on the sale of assets transferred to the trust, and help provide for yourself or your family.
Let’s take a look at 2021 numbers. . Those of you who have access to a Mega Backdoor Roth can get to this $58,000 number so talk to your employer to see if this is an option for you). These numbers don’t include catch-up contributions (an extra $6,500 for those over 50). . Any funds over that number are simply lost.
There are a number of common questions that come up around owning a home. You may be surprised to learn how important your tax strategy is when it comes to real estate investments. Finally, Brian answers a question from the mailbag about who to turn to when it comes to advice regarding investments, taxes, and legal documents.
It details your current money situation and financial system, including investing, saving, retirement, and estateplanning. So, what is a financial plan, in simple terms? You should also go over the numbers. Create an estateplanEstateplanning is not something many people like to think about , but it’s essential!
It also encompasses intended lifestyle, charitable giving, retirement and estateplanning, and liabilities, including anticipated costs for health care. During times of market volatility, such long-term planning enables clients to shake off an impulse to sell. Set hard numbers. Ensuring Legacies Last.
Let’s take a look at 2022 numbers. . Those of you who have access to a Mega Backdoor Roth can get to this $61,000 number so talk to your employer to see if this is an option for you). These numbers don’t include catch-up contributions (an extra $6,500 for those over 50). . Any funds over that number are simply lost.
Also, this number is exclusive of college expenses, which are now averaging $54,880 annually for private schools and $26,820 for public schools. This number becomes concerning because the 2016 Consumer Finance Survey points out that approximately two-thirds of all households with young children have no savings.
In this article, we’ll dive into the many tax and financial considerations of buying and selling real estate, how real estate fits into estateplanning, and the role that a wealth manager or financial planner can play in guiding your decision-making. and Financial Planning for EstatePlanning.
If you have a positive number, you have positive cash flow. If you have a negative number, you have a good opportunity to learn and make improvements. For many, the plan offered by their employer may be sufficient. For many, the plan offered by their employer may be sufficient.
In this letter, we outline a number of tax-saving and other opportunities to consider before the close of the year. As we note in some of the suggestions that follow, there are a number of ways to accelerate or delay income that may make sense for you, depending on where your income sits relative to the various thresholds listed above.
These campaigns help build a strong marketing plan for financial advisors. By adding these campaigns to your plan, you can connect with more clients and increase the number of clients you onboard, growing your business over time. A strong system to manage documents is very important. Keep up to date with changes in rules.
It’s not just a set of numbers, rather, it’s a strategic plan that empowers you to navigate the complexities of financial decisions. These documents provide a clear view of your income sources and expenses, and then offer essential pieces of the financial puzzle. Table of contents What is a family budget?
We start with several articles on retirement planning: Why considering a client's retirement time horizon and spending flexibility could lead to more accurate (and often higher) safe withdrawal rates than the simpler "4% rule" Four unique risks retirees face when drawing down their assets, from sequence of returns risk to tax risk, and how financial (..)
Fixed per-service fees: Some tax advisors charge a set fee for individual services that allows for predictable but flexible billing based on the number and complexity of services. They often work on more complex legal tax matters involving legal disputes and audits, estateplanning, or business tax intricacies.
Your personal preferences and the potential good your bequests can do are factors to think about in your estateplanning. What Is Estate Equalization? Basically, estate equalization is the process of helping ensure fairness in your estateplan, whether that means leaving all your primary heirs the same bequests or not.
When it comes to estateplanning, there are many pieces to ensure that your heirs and loved ones are taken care of and have a clear understanding of your wishes. Any estateplanning professional would tell you that the more you do while you are still living, the better.
He said that it actually worked pretty well, because just by the sheer number of people he was talking to on a weekly basis, there was enough lead activity that came out of it. I had a book that I took over as a very small book, but go out and prospect Banister to build it, do as much as you can and hit you hit your numbers.
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