Future CFO

SEPTEMBER 14, 2020

Process delays and slow communications, coupled with restrictive lockdowns, led to slower payments, increased financial risks and stretched service centers. The truth of the matter is that COVID-19 is exposing gaps in current financial planning across the region. Taufan Gunarso. “It

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Planning Foreign Exchange 52

CFO News Room

DECEMBER 26, 2022

Creating Visual Deliverables That Clearly Communicate Financial Planning Concepts – While technical expertise is necessary to formulate a financial plan, being able to clearly communicate the findings to a client can make all the difference between whether or not the client will understand and agree to implement the advisor’s recommendations.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

CFO News Room

NOVEMBER 21, 2022

However, by creating a systematic annual process to monitor and update client plans based on seasons, not only can advisors save time and work more efficiently, but they can also communicate the value of ongoing financial planning services to prospects and clients more effectively. can be added to their agendas for the meetings.

Planning 130

Planning Concentration Communication Tax Planning 130

CFO News Room

NOVEMBER 22, 2022

” It’s constant communication through the year. And then we got the transition done, and then were able to get right back into financial planning mode where we’re doing the systematic reviews and getting everyone on board and used to the new systems. Not just, “Here’s an insurance and investment mix.

Planning 130

Planning Communication Profit and Loss Education 130

CFO News Room

NOVEMBER 15, 2022

And that is a very simple, it’s easy to communicate, and it’s very clear. So I figured, I had to hold on to the CFO role, because I also am a CPA. Like, when we have the visits of the division, they have the software that handles the signups, they communicate with the division about those. Author: Michael Kitces.

Planning 130

Planning Accounting Compliance Math 130

CFO News Room

DECEMBER 17, 2022

First, it is important for firm owners to create a regularly scheduled process to reassess fees and communicate them to their clients. But by reassessing fees and communicating the advisor’s value and any fee changes to clients on a regular basis, firm owners can feel more confident that a fee increase will be successful!

Education 130

Education Planning Benchmarking Investments 130

CFO News Room

DECEMBER 30, 2022

For instance, a 2022 Vanguard study found that consumers have different preferences for the planning services they want to be completed by a human and those to be done by a digital solution. The firms’ self-categorization was also reflected in the value they receive from using different types of advisor technology.

Auditing 130

Auditing Planning Investments Securities 130

CFO News Room

DECEMBER 20, 2022

And one of the flyers that came out said that I did estate planning, and tax planning, and business succession planning, and all these things I didn’t know anything about. And so, ultimately, I… Michael: Not actually that deep on your business succession planning experience as a 20-year-old.

Education 130

Education Planning Numbers Securities 130

CFO News Room

NOVEMBER 23, 2022

Later enhancements, like the Pension Protection Act of 2006 (which allowed for direct Roth conversions from 401(k) plans) and IRS Notice 2014-54 (which allowed individuals to split pre-tax and after-tax funds when making Roth conversions from 401(k) plans), further increased the value and appeal of solo 401(k) plans.

Planning 130

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

CFO News Room

NOVEMBER 8, 2022

Or should I have the advisors not worry about the workflows, communicate with their CSA the way that they prefer to communicate with the CSA, and then have the CSA spend the time putting the workflow together, and then let the advisor go on to the next client and give that very high-level customer service that are clients are very used to having?

Restructuring 130

Restructuring Planning Accounting Marketing 130

CFO News Room

NOVEMBER 26, 2022

A first step toward reducing this conflict (while still trying to communicate advice to the parent) is to avoid coming across as patronizing or overbearing (even if unintentionally). This can often be accomplished by considering the parent’s perspective; perhaps their upbringing left them with different attitudes or preferences (e.g.,

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Securities Investments 130