Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Practice Management 81

Practice Management Education Compliance Investments 81

CFO Talks

SEPTEMBER 7, 2023

Finding enlightenment in Indian While attending last year’s International Federation of Accountants conference in India, Nicolaas van Wyk, CIBA’s CEO, came across an enlightening idea. “There were about 30 to 40 000 accountants, mostly from India. I shared this experience of mine with the MEC, and our conversation started.

Economics 98

Economics CFO Practice Management Accounting Firms 98

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.”. performance reports).

Practice Management 130

Practice Management Planning Leadership Communication 130

Nerd's Eye View

NOVEMBER 6, 2023

And be certain to read to the end, where we have provided an update to our popular "Financial AdvisorTech Solutions Map" (and also added the changes to our AdvisorTech Directory) as well!

Valuation 82

Valuation Compliance Practice Management Technology 82

PYMNTS

JUNE 19, 2018

Australian small business (SMB) accounting software startup Karbon sees opportunity in the failed merger of industry leaders MYOB and Reckon , according to The Australian Financial Review ( AFR ) reports Monday (June 18). Karbon announced a $5.19 While Karbon is based in San Francisco (and most of its revenue is from U.S. million.

Accounting 40

Accounting Startups Practice Management Planning 40

Nerd's Eye View

OCTOBER 14, 2022

While this will help seniors keep pace with rising prices, it also creates tax planning opportunities for advisors and raises the possibility that the Social Security Trust Fund could be depleted sooner than expected. Why accounting firms have become hot acquisition targets for RIAs.

Tax Planning 80

Tax Planning Practice Management Accounting Firms Securities 80

Nerd's Eye View

MAY 12, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service.

Tax Planning 80

Tax Planning Practice Management Valuation Investments 80

Nerd's Eye View

JANUARY 20, 2023

While it remains to be seen whether the measures will actually be enacted, proposed measures include raising income and capital gains tax rates, instituting wealth taxes, and reducing the state estate tax exemption, potentially creating future planning opportunities for advisors with clients in those states. Read More.

Practice Management 73

Practice Management Leadership Cash Management Numbers 73

Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S.,

Concentration 91

Concentration Practice Management Treasury Numbers 91

CFO News Room

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. 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. Executive Summary. Team Kitces.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

CFO News Room

DECEMBER 10, 2022

Though given that potentially conflicted practices such as ‘payment for order flow’ are a source of revenue for brokers, such regulation could portend a shift back to explicit transaction fees as they seek to maintain their top line. Adam is an Associate Financial Planning Nerd at Kitces.com. Enjoy the ‘light’ reading! Team Kitces.

Mergers and Acquisitions (M&A) 130

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

Nerd's Eye View

NOVEMBER 13, 2023

Traditionally, financial planning meetings have been held face-to-face in an advisor's office, and over the years, a body of research has emerged showing that how the advisor's office is laid out can have a significant impact on how clients perceive the advisor, their mood during the meeting, and even their resulting financial planning decisions.

Planning 83

Planning Communication Investments Practice Management 83

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

PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Revolut Business customers using paid plans will receive monthly allowances for free U.K. ImagineTime, Mango Billing Partner On Digital Accounting. The product will feature a 1.3

B2B 63

B2B Finance Practice Management Invoicing 63

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. Adam is an Associate Financial Planning Nerd at Kitces.com. Team Kitces.

Education 130

Education Planning Benchmarking Investments 130

Nerd's Eye View

OCTOBER 7, 2022

The SEC has brought charges against a former broker who sold his practice to an individual who ended up defrauding the seller’s clients. 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.

Practice Management 70

Practice Management Marketing Numbers Accounting 70

The Finance Weekly

APRIL 13, 2022

Paying a full time accountant may not be worth it if the business is too small to hire full time, or if the job is only needed during tax season itself. Just about every company can improve efficiency through automation and technology, and this is especially true with tasks such as accounting and financial planning.

Communication 52

Communication Practice Management Budgeting Forecasting 52

PYMNTS

SEPTEMBER 27, 2020

Mirakl, the biggest win of the lot, plans to use its new funding for over 300 new hires and scaling its customer service and sales teams. 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.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

CFO News Room

NOVEMBER 19, 2022

From there, we have several articles on tax planning: How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions. Adam is an Associate Financial Planning Nerd at Kitces.com. cash management programs ). Dan Shaw | Financial Planning). Author: Adam Van Deusen.

Planning 130

Planning Leadership Healthcare Accounting 130

Future CFO

APRIL 1, 2024

Moving beyond their traditional roles in finance and accounting, it is important for CFOs to be forward-looking and consider how they can enhance their value proposition and contribute to the firm’s progress. We also look at enhancing the overall operating model of the business through the use of digital technologies.

Finance 52

Finance Risk Management Practice Management Budgeting 52

Nerd's Eye View

APRIL 8, 2024

accountants and attorneys) to recommend to these clients. Working together, these professionals can conduct a "stress test" of the client's current situation to proactively identify potential areas of weakness in the client's financial, tax, and estate planning. Read More.

Planning 52

Planning Practice Management Accounting 52

CFO News Room

DECEMBER 12, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Education 130

Education Planning Investments Profit and Loss 130

PYMNTS

DECEMBER 24, 2020

The firm provides administrative and general business operation support services to the Aspen Dental-branded network of dental practices. 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.

B2B 102

B2B Healthcare Practice Management Planning 102

CFO News Room

NOVEMBER 29, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Leverage 130

Leverage Planning Concentration Tax Planning 130

CFO News Room

DECEMBER 20, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Education 130

Education Planning Numbers Securities 130

CFO News Room

DECEMBER 3, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a research study suggesting that the market volatility experienced in 2022 could increase demand for financial planning services. Adam is an Associate Financial Planning Nerd at Kitces.com. Enjoy the ‘light’ reading!

Communication 130

Communication Investments Planning Marketing 130

PYMNTS

JUNE 19, 2020

In terms of mechanics, the TeleVet app integrates with vets’ offices (6,500 practices are using the platform, he said) through web or mobile conduits — fostering communications between pet “parents” and vet offices through text, phone calls or video chats. Looking ahead, TeleVet intends to roll out a subscription model in the near term.

Healthcare 73

Healthcare Pharmaceutical Communication Practice Management 73

Nerd's Eye View

AUGUST 14, 2023

letting a client go), it can help to have a ‘quitting coach’ to hold the individual accountable for their pre-commitment. For an advisor, such an individual could be an actual professional coach, or perhaps a mentor or trusted peer willing to hold the advisor accountable for the kill criteria they set.

Accounting 71

Accounting Finance Practice Management Sales 71

CFO News Room

DECEMBER 27, 2022

or how the limiting of in-person workshops during the pandemic has inspired John to offer financial planning and has increased opportunities for his firm to grow and scale even further, then we hope you enjoy this episode of the Financial Advisor Success podcast, with John Stokes. Author: Michael Kitces. Team Kitces. Nice to meet you.

Mergers and Acquisitions (M&A) 130

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

VCFO

NOVEMBER 4, 2022

This article was co-authored by Ashford Chancelor , Dallas Practice Manager & Consulting CFO with vcfo, and Paul Hagerty , Sr. Accounts Receivables, however, often include a mix of relatively liquid and illiquid assets depending on payment terms, agreements, and other factors. What a time to be alive and in business.

Concentration 77

Concentration CFO Strategic Planning Practice Management 77

CFO News Room

DECEMBER 30, 2022

Each weekday, in our Management Tip of the Day newsletter, HBR offers daily tips to help you better manage your teams — and yourselves — through this period of profound change and uncertainty. Management Tip of the Day. Quick, practical management advice to help you do your job better. It’s just a paragraph.

Data Analysis 130

Data Analysis Practice Management Leadership Communication 130

Nerd's Eye View

AUGUST 14, 2023

letting a client go), it can help to have a ‘quitting coach’ to hold the individual accountable for their pre-commitment. For an advisor, such an individual could be an actual professional coach, or perhaps a mentor or trusted peer willing to hold the advisor accountable for the kill criteria they set.

Accounting 52

Accounting Finance Practice Management Sales 52

Nerd's Eye View

OCTOBER 24, 2022

While some of the largest platforms may (nominally) offer their service for ‘free’, they still need to bring in revenue somehow (often in the form of below-market-rate cash sweep accounts). Other custodians offer a range of fee options, from ticket charges to flat subscription fees.

Numbers 60

Numbers Retail Technology Practice Management 60

PYMNTS

NOVEMBER 1, 2019

The site, tasked with enrolling people in the newly passed Affordable Care Act (ACA), was by all accounts poorly designed. A provider being able to look, at a glance, at most of a patient’s past claims from its desktop can help build a better plan of care. That is putting mildly.

Healthcare 42

Healthcare Startups Technology Practice Management 42

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

Nerd's Eye View

FEBRUARY 13, 2023

rebalancing their investment accounts or reviewing their insurance policies). This not only gives clients a better idea of the actual work involved in financial planning that goes on outside of meetings but also helps them understand when the work happens during the year.

Planning 77

Planning Practice Management Investments Accounting 77