March, 2022

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If audit reports were banned

Norman Marks

What would you do as CAE if you were forbidden from writing a formal audit report? Let’s think about this challenge, as it may help us pinpoint the value of these documents. X Consider our customers in management first. What do they need to know and how can we best communicate (as the IIA Standards […].

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End of the World or Status Quo?

Investing Caffeine

If you were the chief executive of a newspaper, television, or magazine company, what headline stories would you run to generate the most viewers and readers? Which subjects will you choose to make me impulsively grab a magazine in the grocery line, keep me glued to the television news, or suck me in to click-bait advertisements on the web? For example, what topics below would you select to grab the most attention?

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6 Common Money Fears and how to Conquer them

The Financial Literates

Money brings up all kinds of emotions within us. But the one that is more or less constant throughout and among many people is ‘Fear’ We fear talking about it, earning too much, earning too less, etc.

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Does Cryptocurrency Get a Step-Up in Basis Upon Death?

Walkner Condon Financial Advisors

With the rise of virtual currency – such as Bitcoin or Ethereum – there are many investors that have significant unrealized gains embedded in their holdings. But when someone passes away, their holdings may go through a step-up in basis (depending on what it is they’re holding and how it’s held, e.g. brokerage account, Roth IRA, etc.). Effectively, the value at the date of death becomes the new cost basis for that asset.

Taxes 52
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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How to Add People to Your Email List (Video)

Indigo Marketing Agency

When I work with advisors to grow their businesses, we always start with assessing their email list. Email is still the bread and butter of marketing. But if you’re not growing your email list, it’s probably shrinking due to a small number of people unsubscribing each month. Here are my tips for growing your email list, as well as two videos to show how to add people to your email list in both Constant Contact and MailChimp!

More Trending

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Board members talk about risk

Norman Marks

Two recent pieces share the thoughts of board members and advisors. McKinsey had a podcast and published an edited transcript in The role of the board in preparing for extraordinary risk. It makes the point that “Risks that threaten a company’s existence require unique interventions from the board”. A senior McKinsey advisor, Celia Huber, reported: […].

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How to Leverage Facebook Ads for Financial Advisors!

BlueMind

Category: Business Growth. Everyone in this world lays preference to quality over quantity for most things that matter in life. The same can be said for financial advisors looking for quality leads as opposed to simply generating leads. This article covers some key aspects and how to use Facebook Ads for financial advisors. When attempting to generate leads via Facebook, it is essential that your marketing campaign is well thought out and you have a solid strategy in place.

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6 Common Money Fears and how to Conquer them

The Financial Literates

Money brings up all kinds of emotions within us. But the one that is more or less constant throughout and among many people is ‘Fear’ We fear talking about it, earning too much, earning too less, etc. Fear is deeply seated in our genetic drive to survive – this cannot be speedily wiped away with […].

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The Rules, Part LXXII

Aleph

Picture Credit: Kailash Gyawali || There are times when despair is rational. “There are two hard things in trading — buying higher, and selling lower.” Currently I am selling out my position in an illiquid stock. I am patient, but I can tell that my selling is having an impact on the market. Back when I was a corporate bond manager, I quickly learned that I had to scale in and out of positions.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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How to Add People to Your Email List (Video)

Indigo Marketing Agency

When I work with advisors to grow their businesses, we always start with assessing their email list. Email is still the bread and butter of marketing. But if you’re not growing your email list, it’s probably shrinking due to a small number of people unsubscribing each month. Here are my tips for growing your email list, as well as two videos to show how to add people to your email list in both Constant Contact and MailChimp!

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7 Steps For How To Start A Side Hustle

Clever Girl Finance

Are you considering starting a side hustle? Perhaps you imagine quitting your job one day to take your business full time? Or maybe you need to make a little extra money in your spare time. Wondering what things you should be focusing on upfront? When launching a successful side hustle, you must have several foundational things in place. But before we dive into how to start a side hustle, let’s talk about what is a side hustle and the benefits you can gain from having one!

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What are the Limits for My Investing and Spending Accounts?

Walkner Condon Financial Advisors

As Spring springs and we approach the end of the first quarter of 2022, it is a good time to familiarize yourself with the changes to the more popular savings vehicles. It is imperative to understand the basics of these accounts to avoid mistakes, as the penalties can be quite onerous. This is not an exhaustive list, but it is a good place to start. .

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83(b) Elections: What they are, and What You Need to Know

Zajac Group

When you receive equity compensation in the form of restricted stock, non-qualified stock options , or incentive stock options, you may have the opportunity to make an 83(b) election. In short, an 83(b) election is used to cause a taxable event to occur sooner than it otherwise would by making the election and making the IRS filing within the appropriate timeframe (the election must be filed with the IRS within 30 days after the grant of restricted stock or early exercise of an option).

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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What Are The Other Roles Of Financial Advisor?

The Financial Literates

Financial advisors have always played a crucial role in the development of the financial industry. Historically, we have seen individual advisors selling mutual fund units of Unit Trust of India, insurance policies of Life Insurance Corporation, bank and post office fixed deposits, NSC, PPF, public issue of shares of the company either directly or as […].

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Movie Review: Belle

Aleph

I don’t watch movies much. Usually I think they are a waste of time. Recently I watched the movie Belle with my wife, and we both enjoyed it. This was the first film we had watched in a theater together in 35+ years. Anyway, here is my review of the movie Belle. ==. There are a number of reasons why the reviews for Belle are all over the map. I saw both the Japanese version with English subtitles on a small screen, and the English dub at a theater.

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How to Increase Your Client Base as a Financial Advisor

Advisor Websites

Establishing a client base as a financial advisor can be challenging, especially in a very competitive market. But because you operate in the service industry, you cannot afford to rely on just your existing client base. You need to be constantly growing your client list.

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How to Protect your Assets vs. Insurance Company Games

The Richer Geek

Today we have Galen Hair is the owner of insurance Claim HQ. It is a property-casualty insurance attorney firm that operates in more than seven states. And what they do is they help families rebuild their homes and businesses. They've dedicated their practice to fighting for the rights of policyholders when they experience a loss, a lot of us don't realize that we actually have someone that can voice and help us.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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The Fed Begins Tightening

Talon Wealth

US equities jumped this week as the cost of oil fell. Economic indicators revealed an economy still running hot, with retail sales and manufacturing indicators all showing growth. The biggest news came from the Fed, as the FOMC voted to raise rates by 0.25%, in line with analyst expectations. This marks the first rate hike in over three years and the beginning of a more hawkish approach by the Fed.

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It’s Been One of the Top 5 Worst Starts to a Year for Stocks and Bonds

Darrow Wealth Management

We all know 2022 hasn’t been kind to investors so far. But according to BlackRock, it’s been one of the worst two months to start a year on record. The S&P 500 had its fifth worst January – February in history and bonds wrapped the second worst ever start to a year. There has been considerable volatility between asset classes the last few years.

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10 Myths that skew Retirement planning

The Financial Literates

10 Myths About Retirement planning Retirement planning has gained prime importance largely due to changes in the lifestyle of people, an increase in life expectancy, the concept of nuclear families, and an urge to live independent retirement life without being financially dependent on children.

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A 30 Day Glow Up Challenge For A Major Health Boost!

Clever Girl Finance

your health. The phrase “glow up” can bring to mind the idea of outward appearance, and there are certainly easy steps to take to make big changes to your appearance. However, there are also plenty of 30 day glow up challenge tips that involve aspects of mental health , emotional health , and even financial health to help you not only look but also feel your best.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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How to Evaluate Your Equity in a New Role

Harness Wealth

In this article on evaluating startup offers, we discuss: What’s typically shared about equity? How does company equity work? How much equity are you actually being offered? What has to happen for me to own it? What will it be worth? How much will I be able to net after taxes? What’s typically shared about equity: Type of Equity – Incentive stock options (ISOs), Non-qualified stock options (NSOs), Restricted stock units (RSUs).

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How the World is Reacting to Mines vs. The Economy Supply Chain

The Richer Geek

Today, we're happy to have Max Porterfield. Max is the CEO President and Director of Callinex Mines. And what we're going to talk about today is just a little bit about the economy supply chain, what they're doing and how the world is reacting to mines and what it is that he's seeing in the macro and microeconomics of, of the whole system and the business.

Economy 52
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4 Areas Your Financial Planner Should Cover as a High-Net-Worth Individual

Park Place Financial

FINANCIAL PLANNING 4 Areas Your Financial Planner Should Cover as a High-Net-Worth Individual Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Unlike average investors, high-net-worth individuals (HNWIs) typically utilize accumulated assets and a constant income stream to pay for their future expenses. Given the complex nature of their portfolios, HNWIs require assistance from experienced financial planners who understand their unique situations and needs.

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All Aboard the Inflation Train

Talon Wealth

US equities fell this week as the cost of commodities fell. CPI readings met analyst expectations, highlighting problematic inflation that continues to pose challenges. This reality continues to be reflected in consumer sentiment, as Friday’s reading came in lower than expected. In spite of the economic developments here at home, all eyes remain fixed on the Russian invasion of Ukraine and its possible outcomes.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

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10 Myths that skew Retirement planning

The Financial Literates

10 Myths About Retirement planning Retirement planning has gained prime importance largely due to changes in the lifestyle of people, an increase in life expectancy, the concept of nuclear families, and an urge to live independent retirement life without being financially dependent on children. This article also got published on FirstBiz – a business news […].

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Get Exposure to New Sectors & Strategies at Wealthfront

Wealthfront

Today, we’re excited to announce that Wealthfront has added new investment options in technology, the metaverse, commodities, and more to our menu of available funds. It’s never been easier to build a portfolio you believe in. You can explore and research these new investments, along with the hundreds of others available at Wealthfront, right on […].

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Legitimate Ways to Help Ukraine

Your Richest Life

Since Russia invaded Ukraine last month, countless fundraisers have been set up to help the Ukrainian people. The problem is that so many fundraisers have been created that it’s difficult to know which sources are the most credible. It’s important to decipher where your money will make the biggest impact. I’ve compiled a list to highlight some legitimate sources that can help Ukraine, and what you should look out for when you’re trying to offer financial help during a disaster.