Sat.Apr 30, 2022 - Fri.May 06, 2022

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No Pain, No Gain

Investing Caffeine

L ong-term success is rarely achieved without some suffering. In other words, you are unlikely to enjoy gains without some pain. Last month was certainly painful for stock market investors. On the heels of concerns over the Russia-Ukraine war, Federal Reserve interest rate hikes, China-COVID lockdowns, inflation/supply chain disruptions, and a potential U.S. recession, the S&P 500 index declined -8.8% for the month, while the technology-heavy NASDAQ index fell -13.3%, and the Dow Jones Indus

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The Latest Report on Fraud

Norman Marks

Every year, the Association of Certified Fraud Examiners (ACFE) publishes a report on fraud. The latest is the 12th in the series, Occupational Fraud 2022: A Report to the nations. My congratulations and thanks go to the ACFE for an excellent report. I remember how early reports included the employees’ use of company assets like […].

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Benefits of Pursuing a Certified Financial Planner Course

International College of Financial Planning

A Certified Financial Planner (CFP) is a professional designation awarded to individuals who have completed a rigorous course of study and passed a comprehensive exam. The CFP designation is recognized worldwide and marks excellence in the financial planning industry. Becoming a CFP requires dedication and hard work, but the rewards are well worth the effort.

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FinPlan Friday: Retirement Planning Strategies that Account for the Earnings Test

Covisum

One of the most frequent questions for those on the edge of retirement is, "How much can I make and still collect my full Social Security?". There's a simple answer, but often it misses some nuance that will allow you to develop better claiming strategies for your clients. Taking a closer look at both the annual earnings test and the lesser-known monthly earning tests can sometimes present exciting planning opportunities.

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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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Student Loan Repayment Changes to Know About

Your Richest Life

Student loan payments have been deferred again, meaning federal student loan borrowers can postpone their payments — interest-free — for a while longer. Payments are now due beginning Aug. 31, 2022. If you have outstanding federal student loans, here is what that means for you: Prepare to Resume Student Loan Payments. It’s been a couple years since borrowers were required to make their student loan payments.

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How to Save and Plan During Inflation

Integrity Financial Planning

Are you set up well to face all of the inflation we’ve been experiencing? What’s to come? With inflation soaring, the Fed is planning to make aggressive moves to slow the economy with rate hikes. If the Fed is being aggressive, how aggressive should the retirement saver be with their plan? Brian says to be aggressive about saving and conservative about your assumptions.

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The Fed’s Interest Rate Challenge: Know When to Hold ‘Em

Bell Investment Advisors

Forrest Bell, CFP®. April saw a continuation of this year’s volatility. Last month, we wrote about the dramatic mid-March rally in stocks. That recovery, however, proved short-lived and did not continue into April. Shortly after the month began, the global stock market trended downward, and U.S. markets followed. Later in the month, after several days of positive or negative swings of over 2%, U.S. and global stocks had declined between 8% and 9%, pushing those stock markets back into correction

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What are NTF's (non-fungible tokens) and How Can They be Used?

The Richer Geek

Today’s guest, Jesse Krieger, is the co-founder and Chief Content Officer of PowerFan.io where their mission is to empower authors, creators, and fans to connect and conduct commerce in valuable new ways! Jesse brings a great deal of experience with content creation to his role at PowerFan, having signed two publishing deals on two different continents and navigated the world of becoming a bestselling author twice.

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Testimonial Program

Indigo Marketing Agency

The new testimonial rule has officially gone into effect as of May 4, 2021! This completely revolutionizes the way financial advisors can market their services. But as an advisor, how do you effectively use the new testimonial rule in your marketing without running into compliance issues? That’s where we come in. We’re excited to announce that Indigo is now offering a Testimonial Program to help advisors get glowing client reviews online—all while remaining compliant.

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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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Private Bankers Considering Change: What You Need to Know

Diamond Consultants

By Mindy Diamond & Louis Diamond. There’s been an interesting shift in movement amongst one sector of wealth management: private bankers. Transitions by this constituency have risen dramatically over the last two years attributed in large part to the increased appetite of firms like UBS, Morgan Stanley, Merrill, and First Republic. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks.

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Financial Advisor Marketing Innovator Snappy Kraken Acquires Advisor Websites

Advisor Websites

With this acquisition, Snappy Kraken will significantly grow market share while simultaneously expanding its capabilities for serving advisors with websites, branding, and other creative services.

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Get To Know Ramesh Narine

Tobias Financial

Like most young kids, Ramesh went searching for an opportunity to make new friends. To his surprise and trepidation, he discovered the track team. Admittedly not an avid runner and needing practice, during most meets, Ramesh cheered on his teammates from the sidelines, enjoying some delicious snacks. This was until one faithful day, he was needed. With a member of the relay team experiencing an injury, Ramesh was called in as a replacement.

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5 Effective Ways To Reach New Clients

Elevating Your Business

One of the ways to gather topics for an article you write, are by answering questions or reading questions on social networking sites. That's how this article started. I was on Alignment.com and someone asked, "What's The Most Effective Way To Reach New Clients". I started writing and it took a while for me to. The post 5 Effective Ways To Reach New Clients appeared first on Women Financial Advisor Coach Consultant.

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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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April 2022: What’s new in Harness Wealth?

Harness Wealth

The post April 2022: What’s new in Harness Wealth? appeared first on Harness Wealth - Advice for Equity Owners.

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What should the Audit Committee ask the head of Internal Audit?

Norman Marks

In an April blog post on his new company’s web site, Richard Chambers writes about: 5 Questions the Audit Committee Should Ask Internal Audit – But Doesn’t. It always surprises me, but perhaps it shouldn’t, that my friend and I (and we have known each other for a very, very long time) often have different […].

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IRA Cross Loans – Don’t Even Think About It

Getting Your Financial Ducks In A Row

Photo credit: jb. Once again in the category of terrible things you can attempt to do with your IRA, there is the concept of a “cross loan” from your IRA to another, unrelated party. You know from previous articles that it’s not allowable to transact business with disqualified persons. Therefore, you can not take a loan from your IRA to finance your business, or your brother’s business (among others).

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How To Thrive In A Recession

Leading Advisor

A financial advisor association called me the last week of April and asked if I could do a May 2022 presentation on; How To Thrive… The post How To Thrive In A Recession appeared first on Leading Advisor - Simon Reilly.

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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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Blog #220: Testing Financial Tolerance™for Zero Estate TaxUsing InsMark’s Premium Financing and Wealthy and Wise

Robert B. Ritter Jr.

(Click here for Blog Archive)(Click here for Blog Index) (Presentations in this blog were created using the Premium Financing System and Wealthy and Wise® ) This Blog describes combining our Premium Financing and Wealthy and Wise® Systems to produce a powerful wealth planning concept called “Zero Estate Tax,” Most clients prefer comparing their current plan to […].

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You Passed Roth IRA Income Limits, Where Should Your Next Dollar Go?

Gen Y Planning

Roth IRAs are incredible tools for long-term saving, and in the finance world, they epitomize the concept of delayed gratification. Your contributions are after-tax , meaning you don’t get any sort of “reward” upfront. However, those contributions grow tax-free and qualified distributions remain tax-free. This could be incredibly helpful in retirement if you’re trying to stay in a low tax bracket and can pull funds from this tax bucket.

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Financial Well-being As A Woman Of Color: Why It’s Critical

Clever Girl Finance

Your financial well-being as a woman of color is critical. Compared to your white counterparts, you face unique challenges impacting your ability to build long-term wealth. Women of color are often left behind in the fight for women’s rights. As a result, the stats around wealth-building for women of color are staggering. For instance, according to the National Community Reinvestment Coalition, a single black woman has a medium wealth of $1700.

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How to Teach Your Children About Investing

Leading Advisor

Stocks 101 isn’t typically scheduled after science or art class in your child’s school curriculum. Unless they’ve taken a personal interest in finance during their… The post How to Teach Your Children About Investing appeared first on Leading Advisor - Simon Reilly.

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!