Nerd's Eye View

MAY 12, 2023

Also in industry news this week: Why industry groups representing investment advisers and others have blasted an SEC proposal that would significantly expand its Custody Rule A new study suggests that organic client growth and profit margins are the key factors driving RIA valuations, with the firm’s affiliation model having little to no impact (..)

Tax Planning 80

Tax Planning Practice Management Valuation Investments 80

Nerd's Eye View

NOVEMBER 6, 2023

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 (..)

Valuation 82

Valuation Compliance Practice Management Technology 82

The Finance Weekly

APRIL 13, 2022

Although the immediate reaction is to forget about taxes until the end of the year- specifically now when the process and numbers are fresh in everyone’s mind is the best time to boost productivity, evaluate the process, and find ways for the finance team and company to improve. 1) Evaluating the Process Itself. 2) Embrace Automation.

Communication 52

Communication Practice Management Budgeting Forecasting 52

Nerd's Eye View

OCTOBER 7, 2022

A new paper argues that an actual safe withdrawal rate for retirees is significantly less than 4% when taking into account return data from developed countries other than the United States. We also have a number of articles on practice management: Five key metrics that underpin advisory firm sustainability.

Practice Management 70

Practice Management Marketing Numbers Accounting 70

PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. ImagineTime, Mango Billing Partner On Digital Accounting. Revolut Launches Acquiring Solution For Business Customers. Revolut , which is valued at $5.5

B2B 63

B2B Finance Practice Management Invoicing 63

PYMNTS

SEPTEMBER 27, 2020

Lightyear intends to work toward acquiring software and payments companies, which the release calls “a highly fragmented market” that has a large number of smaller providers. According to the press release, the addressable market for payments solutions is around $1.4 billion for the legal vertical alone.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

Nerd's Eye View

AUGUST 28, 2023

For instance, TD Ameritrade rep codes that are used to organize client accounts will be converted to an 8-digit Schwab "master number", which is used for account grouping, billing, account service, and more.

Accounting 93

Accounting Securities Planning Practice Management 93

CFO News Room

NOVEMBER 14, 2022

She is the co-founder and President of Journey Strategic Wealth, a Registered Investment Adviser built for advisors seeking independence and full-fledged practice management support. She currently runs a weekly YouTube series called “Practice Management with Penny.”. Support The Development Of New Associate Advisors.

Practice Management 130

Practice Management Planning Leadership Communication 130

Nerd's Eye View

AUGUST 14, 2023

For instance, an advisor might set a certain date each year where they identify the clients whose annual fees are less than the average per-client overhead costs for the firm, or perhaps clients who generate well-below-average revenue but take a well-above-average number of hours to serve.

Accounting 71

Accounting Finance Practice Management Sales 71

CFO News Room

NOVEMBER 28, 2022

Combined with growing advisor (and consumer) interest in comprehensive financial planning services, the number of ways advisors can add value for their clients has expanded greatly. Yet, for advisors using fee-for-service models, being able to demonstrate value beyond portfolio management is often a necessity to attract and retain clients.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

PYMNTS

DECEMBER 24, 2020

Schoen said that dental practices and insurers that use legacy, paper-based methods to deal with claims, send payments and handle accounts receivable (AR) can face many frictions. This new focus is making legacy approaches seem outdated.

B2B 102

B2B Healthcare Practice Management Planning 102

CFO News Room

DECEMBER 10, 2022

From there, we have several articles on practice management: Why creating a defined employee value proposition could be the key for RIAs to attract and retain talent in the current tight labor market. A four-step process that advisors can use to help clients who tend to overspend.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Valuation Accounting 130

Nerd's Eye View

OCTOBER 24, 2022

But the impending merger of Schwab Advisor Services and TD Ameritrade Institutional will reduce the number of options available for RIAs and force firms currently on TD’s platform either to be subsumed into Schwab’s platform or to switch to an alternative custodian.

Numbers 60

Numbers Retail Technology Practice Management 60

Nerd's Eye View

AUGUST 14, 2023

For instance, an advisor might set a certain date each year where they identify the clients whose annual fees are less than the average per-client overhead costs for the firm, or perhaps clients who generate well-below-average revenue but take a well-above-average number of hours to serve.

Accounting 52

Accounting Finance Practice Management Sales 52

CFO News Room

DECEMBER 3, 2022

From there, we have several articles on practice management: The three essential skills firm owners need to build the right team, including why it is important to always be on the lookout for potential employees. trillion today (and the number of listed ETFs has increased as well, from 935 net creations in 2021 alone).

Communication 130

Communication Investments Planning Marketing 130

CFO News Room

DECEMBER 17, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase.

Education 130

Education Planning Benchmarking Investments 130

CFO News Room

NOVEMBER 19, 2022

We also have a number of articles on practice management: Why looking inward at their leadership style can be one of the best ways for firm leaders to prevent employee turnover. cash management programs ). Additionally, unlike Flexible Spending Accounts (FSAs), there is no deadline for the contributions to be spent.

Planning 130

Planning Leadership Healthcare Accounting 130

CFO News Room

DECEMBER 12, 2022

Earlier this year, we introduced our own Investment Adviser Representative (IAR) CE programs that allow those in the growing number of states that have adopted the NASAA Model Rule to meet their 12 hours/year CE requirement.

Education 130

Education Planning Investments Profit and Loss 130

CFO News Room

NOVEMBER 21, 2022

The purpose of a meeting season is not to maximize the number of client meetings in a short period of time; rather, it’s to allow an advisor to batch and organize their client service into themes throughout the year, maximizing efficiency and efficacy.

Planning 130

Planning Concentration Communication Tax Planning 130

CFO News Room

DECEMBER 27, 2022

But no sooner did I start helping people in this layoff situation, I realized, number one, you gotta have empathy. I’ve been to well over 600, almost 700…I’m loose with my numbers here, but over 700 companies in the last 20 years, if not more. You’ve gotta have a deep empathy. Michael: Yeah. John: Yeah.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Manufacturing Marketing 130

CFO News Room

DECEMBER 20, 2022

Because I know a number of firms that do have some amount of 401(k) business do have a wealth offering and have struggled to figure out how to systematically or efficiently get clients to switch over, or move over, or cross over when it’s appropriate for them to do so. Michael: Interesting.

Education 130

Education Planning Numbers Securities 130

CFO News Room

NOVEMBER 29, 2022

And so, that’s how this actually started was, at first, I knew I wanted to just get a deeper dive into our numbers, into our business, our process, and, so, I engaged in the CFO solutions services. A lot of them scored high as a quick start, right, and I wasn’t looking for that. ” That’s what we did.

Leverage 130

Leverage Planning Concentration Tax Planning 130

Nerd's Eye View

MARCH 1, 2024

Also in industry news this week: Financial scams involving social media and digital assets are on the rise, according to NASAA's annual enforcement report, and advisors can play a valuable role in helping their clients avoid becoming victims A report suggests that firms with intentional, integrated tech stacks as well as those that are able to establish (..)

Practice Management 82

Practice Management Securities Planning Accounting 82

Nerd's Eye View

MARCH 10, 2023

Also in industry news this week: Altruist’s self-clearing custodial platform has gone live, offering RIAs of all sizes an alternative to larger, legacy custodians While the SEC is planning to increase the number of on-site examinations it conducts, the odds that a firm will experience an exam in a given year appear to be remaining steady From (..)

Tax Planning 88

Tax Planning Budgeting Practice Management Planning 88