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Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Congress has passed highly anticipated tax legislation, making 'permanent' (i.e.,
So, whether you're interested in learning about building a profitable hyperfocused practice, implementing a marketing approach that reaches a firm's ideal target client, or adding value for clients by offering advanced taxplanning, then we hope you enjoy this episode of the Financial Advisor Success Podcast, with Anjali Jariwala.
Number 8860726. As a result, financial advisors should start honing the services Gen X members will likely benefit from the most, including retirement planning, estate and taxplanning and mortgage refinancing. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales.
Also in industry news this week: A recent survey finds that next-generation employees at broker-dealers are looking for improvements in branding and social media promotion from their firms as they look to build their own practices and take the reins from a rapidly graying advisor population RIA M&A volume hit a record in the first half of 2025 (..)
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that according to a recent study by DeVoe & Company, only 42% of RIAs surveyed have written succession plans and either have begun to implement them or have already done so.
What's unique about Griffin, though, is how he has grown his AUM to $200 million in five years (with a 70% margin in terms of earnings before owner compensation) by providing high-touch planning for business owners and real estate investors even though he doesn't charge a fee on these assets.
Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)
At the same time, CFP Board has noted that advisors pursue the certification voluntarily and that its standards, which cover the entire financial planning process (unlike SEC and FINRA regulations that largely focus on investment management), help to raise standards for the industry as a whole at a time when advisors increasingly offer comprehensive (..)
Number 8860726. Innovative CPA Group, which has been doing accounting and tax work since 2017, this month launched Innovative Asset Advisors Group, an RIA focused on investment management, financial administration, taxplanning and preparation, and estate and trust strategies. Registered in England and Wales.
Number 8860726. But similar to the Great Financial Crisis of 2008, fiduciary advisors can use this opportunity to assert their value and give clients confidence that their broader financial plans aren’t as negatively impacted as they may think, given the daily doom-and-gloom market headlines. Registered in England and Wales.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Republicans in the House of Representatives this week released their long-awaited taxplan to address the impending sunset of many measures in the 2017 Tax Cuts and Jobs Act.
Financial planning is inherently complex, especially when it comes to data gathering, analysis, and crafting well-reasoned recommendations. investment strategies or taxplanning) – can reduce cognitive overload for clients and keep meetings on track. Fortunately, advisors don't need to start from scratch.
Number 8860726. Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B is joining the trend toward combining wealth management and taxplanning by merging with Brookfield, Wis.-based
This month's edition kicks off with the news that FP Alpha has released its tax return extraction and analysis module as a standalone product, while RightCapital has separately launched its own tax return extraction tool bundled within its platform – with both announcements coming on the heels of Holistiplan implementing a significant price increase, (..)
Welcome to the April 2025 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!
Without proper planning, taxes can unexpectedly take a large bite out of the proceeds, potentially reducing financial security and the legacy. When you understand various exit strategies and their tax implications early, you position yourself to make informed decisions that maximize after-tax value while ensuring a smooth transition.
. ~~~ About this week’s guest: Christine Benz is Director of Personal Finance & Retirement Planning at Morningstar; her new book is “ How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement. ” She joins Barry Ritholtz to discuss what you need to know about planning for retirement. Really, really interesting.
Number 8860726. Related: Planning for Older Clients and Those with Disabilities Many GRATs include a so-called “swap” power in which the grantor is permitted to substitute assets of equivalent value with the GRAT. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales.
Financial planning can take your money game up a notch by bringing clarity, strategy, and intention to your financial life. A healthy financial plan gives you the tools to take control of your finances and start living your life with passion, purpose, and freedom. So what’s the value of a financial plan? TaxPlanning.
justincastelli.io) Taxes Some speculation on what is next for the TCJA. kitces.com) Taxplanning and wealth management go hand-in-hand. downtownjoshbrown.com) How tax deferment can backfire. wealthmanagement.com) Asset location isn't job number one, but it is a job. thinkadvisor.com)
Number 8860726. Whether clients support the policies with cash gifts or split-dollar, the discussion of options will necessarily involve a combination of insurance planning, taxplanning, income and gift tax-oriented wealth transfer planning and investment planning. Registered in England and Wales.
Exercise strategy: Timing: Consider the tax implications of exercising vested options before or after the IPO, timing of sales, and taxplanning opportunities. Cash flow: Depending on the type of equity you have, exercising can be challenging given tax implications and having cash to buy the stock.
This focused approach is key for a successful digital marketing plan. Running focused social media campaigns that highlight their services and share their skills in areas like taxplanning or retirement planning. Crafting Your RIA Marketing Strategy Creating a strong digital marketing plan is important.
No required minimum distributions (RMDs) for the original account owner Unlike IRAs and qualified retirement plans, a Roth IRA is unique in that required minimum distributions are not required during the original account owners lifetime. A spouse may also elect to defer RMDs if they inherit the account.
Determining the fair market value of stock options, for example, can be time-consuming, with a tax extension allowing individuals to make sure theyre maximizing the potential tax benefits of their equity compensation. Instead of a tax extension, you should explore IRS payment options and installment plans.
For ongoing education needs, the Lifetime Learning Credit allows for up to $2,000 per tax return to be claimed for qualified education expenses. Though non-refundable, this credit has no limit on the number of years it can be claimed, making it particularly valuable for graduate students or those pursuing professional development.
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, taxplanning software, estate planning software, social security maximizer software, etc.,
Taxplanning might not top everyone’s list of leisure activities, but in the middle of tax season, theres a hidden opportunity. In this episode, we talk about five strategies you can use during tax season to create opportunities to help you reach your financial goals.
In these cases, the taxes owed would be triggered earlier than expected, which could disrupt the employees financial planning. Employers have the discretion to opt out of permitting 83(i) elections by declining to establish these conditions or explicitly excluding the election from equity compensation plans.
This article explores the distinctions between K-1 and 1099 reporting, explaining their impact on taxplanning, basis calculations, filing deadlines, and strategies to optimize your after-tax returns from alternative investments. Different types of income maintain their distinct tax treatment as they pass through to a partner.
Every year brings changes in tax rules, and 2025 is no exception. Whether you are saving for retirement, running a business, or planning for your family’s future, these updates could affect your financial decisions throughout the year. Supporting Your Family’s Future Planning for your family just got a bit easier.
Although these transactions are less common than LP- or GP-led secondaries, they can offer buyers a number of advantages. State and local taxes Secondary funds and their investors may face various state and local taxes, including income tax, franchise tax, and property tax. FIRPTA planning using a U.S.
Start planning early. It takes strategic foresight, hard numbers, and smart decisions that begin well before your final day at work. Yet far too many professionals delay the planning process. Even if you don’t plan to retire unusually early, starting your retirement planning now can dramatically improve your options later.
These alternative investments can offer distinct advantages in the shape of portfolio diversification and the potential for higher returns, but they can come with equally distinct tax complications that need to be carefully planned for. A tax professional can help ensure proper documentation to avoid this.
The Physical Presence Test The Physical Presence Test requires a number of characteristics to be met: The U.S. However, choosing which test to use for FEIE qualification depends on a number of factors, and its advisable to speak to a tax professional to clarify your position. within a consecutive 12-month period.
W-2 employees have taxes withheld from their paychecks, while freelancers receive a 1099 NEC (or 1099 MISC ) with no withholding, making them responsible for calculating and paying their own income tax, Social Security, and Medicare taxes. On the whole, its advisable to consult a tax adviso r to develop a dependable taxplan.
Event Invitation Follow-up “Hi [Client Name], thanks for your interest in our retirement planning workshop. New Service Introduction “Hi [Client Name], we’re now offering taxplanning services that could save you significantly next year. You can reach me anytime at this number.”
Or are you focusing on older people who are concerned about estate planning for retirement or retirement income planning? Pain Points: These are issues like market ups and downs, tax problems, and money planning being hard. Retirement Planning: Give tips on how to save for retirement. Who do you want to reach?
The people who undergo an audit have been selected due to a number of red flags that the IRSs computer-based system has detected. In this article, well examine the nature of IRS audits, the common audit red flags that result in IRS scrutiny, and how professional tax advisors can help reduce the risk of you being audited.
As effective as tax-loss harvesting can be, there are a number of important details that investors need to be aware of in order to implement the strategy successfully while following regulations. What are the drawbacks of tax-loss harvesting?
Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Let’s take a look at the tax impact and other considerations of each. 200/share (today’s fair market value) – $188.44/share
The post-tax-season lull offers tax firms the opportunity to look inward and assess the efficiency of any number of factors. Beyond operational processes, however, one of the main areas where tax firms can improve performance is by optimizing their book of business.
They can be moved more freely between parties depending on the company’s stock option plan. Administrative simplicity makes NSOs particularly attractive to many companies, especially when combined with the tax deduction they receive when options are exercised. Documentation significantly impacts ISO taxplanning.
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