Nerd's Eye View

SEPTEMBER 6, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)

Treasury

Nerd's Eye View

SEPTEMBER 13, 2024

Also in industry news this week: A CFP Board study indicates that financial planners with the certification earn 10% more than other advisors and show very high levels of career satisfaction A Morningstar study has identified 4 main areas where investors find value from their financial advisors, which might not match an advisor's own list of top ways (..)

Compliance

Nerd's Eye View

DECEMBER 9, 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.

Practice Management

Nerd's Eye View

OCTOBER 30, 2023

At the same time, new conference organizers have emerged as well – entities that see gaps between what conferences vendors host (based on the software or services they sell) and what associations provide – leading to new niche conferences like Advisor2X's "Shift" conference on behavioral finance, to AdvisorCircle's "Future Proof" conference (..)

Practice Management

Nerd's Eye View

AUGUST 18, 2023

Also in industry news this week: FINRA has enacted a more thorough expungement process in an effort to ensure that all sides have a chance to be heard when brokers seek to have customer disputes removed from their record CFP Board is encouraging its certificants to commit to at least 20 hours of pro bono service each year and a variety of programs (..)

Practice Management

CFO Talks

SEPTEMBER 7, 2023

Written by Staff Writer Nicolaas van Wyk recently spoke on a #CFOClubConvo webinar about the project he is spearheading with the Gauteng MEC for Finance Jacob Mamabolo to boost collaboration between the public sector and private sector CFOs to grow Gauteng’s economy. I shared this experience of mine with the MEC, and our conversation started.

Economics

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.”.

Practice Management

Nerd's Eye View

JANUARY 22, 2024

Identifying these principal elements before delving into the client's situational details of their finances can help the advicer address the issues truly of concern to the client. Foundational to understanding what a client will perceive as valuable advice is first having an understanding of their goals, relationships, and values.

Prioritization

VCFO

JANUARY 11, 2024

Cash & Capital Structure Authored by Ashford Chancelor , Practice Manager & Consulting CFO – vcfo Dallas Reflecting confidence and forming ambitious goals for growth are great, so long as you also recognize that downturns are inevitable and be prepared for them. Is your business ready for it?

Valuation

Future CFO

FEBRUARY 23, 2023

Survey highlights Nearly 35% of accountants cite finding the right talent among their three biggest practice management issues over the past year, compared to just 14% of accountants who cited it last year – making finding talent the fastest-rising industry challenge.

Auditing

Nerd's Eye View

AUGUST 14, 2023

Advisors could also consider instituting (or increasing) minimum fees, which could give clients the option of continuing to work with the advisor for a higher fee.

Accounting

Future CFO

APRIL 1, 2024

Editor’s note: What is it like to work with finance leaders in driving growth against the backdrop of the ever-changing business landscape and macroeconomic environment? Juvanus Tjandra (JT): At KPMG, I lead finance and corporate services transformation in the firm, with a focus on strengthening the performance of business functions.

Risk Management

CFO News Room

DECEMBER 12, 2022

Over the past several years, Office Hours have been an open forum to discuss specific practice management topics, where Members can hear the answers to their business and career questions from me and other outside industry consultants we invite.

Education

CFO Thought Leader

JULY 16, 2023

’” remarks Cox, who notes that one trait that might distinguish his post-COVID vs. pre-COVID finance leadership is a willingness to push back. We sell accountancy solutions to CPAs, so this means document management, practice management, these kinds of things.

CFO

Nerd's Eye View

AUGUST 19, 2024

After creating a transition strategy, determining the value of the practice and the payment structure that G2 will take on is a crucial next step, because it's important for the value to fairly represent what the company would be worth to an outside buyer while recognizing that the purchase aligns with the founder's vision and continuity goals.

Planning

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)

Nerd's Eye View

AUGUST 14, 2023

Advisors could also consider instituting (or increasing) minimum fees, which could give clients the option of continuing to work with the advisor for a higher fee.

Accounting

CFO News Room

DECEMBER 27, 2022

And the idea of it is this recognition that when people go through life transition events, it tends to be very disruptive for what they’re doing with their money, what they’re doing with their finances, and otherwise known as opportunities when financial advisors tend to get hired and engaged.

Mergers and Acquisitions (M&A)

CFO News Room

NOVEMBER 29, 2022

” because we definitely have some clients that prefer that way of thinking and viewing their finances, instead of your traditional balance sheet, right, or just your assets and then your liabilities. And I will say I find my best practice management tools and techniques through these intimate study groups that I’m a part of.

Leverage

Nerd's Eye View

AUGUST 23, 2024

District Court this week ruled that Missouri's rules that targeted investment advice based on factors other than return maximization was unconstitutional and preempted by Federal law, striking a blow against state efforts to regulate the activities of SEC-registered advisers From there, we have several articles on retirement: 7 factors that can help (..)

Prioritization

CFO News Room

NOVEMBER 28, 2022

But as advisors are aware, there is much more to cash flow management than analysis of regular inflows and outflows (and the less-fun activity of cutting back on spending in certain areas). They can also help clients make the most of the money they do spend, for example, by maximizing their credit card rewards.

Tax Planning

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. Conclusion.

Communication

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. Frederik Gieschen | Neckar’s Minds And Markets).

Planning