Nerd's Eye View

FEBRUARY 20, 2023

Ultimately, the key point is that just as no single planning strategy is applicable for every client, no single practice management technique is appropriate for every financial planning firm. ., tax letters in January and open enrollment period support in the Fall).

Practice Management 98

Practice Management Planning Concentration Numbers 98

Nerd's Eye View

MAY 19, 2023

Also in industry news this week: CFP Board adopted a set of revised procedural rules, including establishing the ability to conduct “informal inquiries” in response to complaints to better identify potential wrongdoing A patent that allowed Vanguard to launch ETFs as share classes of its existing mutual funds expired this week, but it is (..)

Practice Management 68

Practice Management Leverage Numbers 68

Nerd's Eye View

OCTOBER 17, 2022

Which, in turn, is spawning even more hunger for specialized practice management conferences in 2023. Leading to an expansion in various ‘niche’ conferences that specialize in particular challenges that advisors face as they follow the growth journey.

Practice Management 75

Practice Management Education Budgeting Manufacturing 75

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 77

Tax Planning Valuation Practice Management Banking 77

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 87

Tax Planning Budgeting Practice Management Planning 87

PYMNTS

DECEMBER 6, 2020

Practice management software provider ImagineTime , which works with accounting firms, has partnered with Mango Billing for a "next-generation practice management solution," according to a press release.

Accounting 67

Accounting Practice Management Accounting Firms Invoicing 67

Nerd's Eye View

APRIL 14, 2023

Also in industry news this week: The Foundation For Financial Planning has gotten a boost toward its goal of connecting 10,000 CFP professionals with pro bono work thanks to increased funding from Orion Advisor Solutions FINRA has resubmitted a proposal, now with tighter rules, that would allow a broker working remotely to supervise other brokers, (..)

Auditing 67

Auditing Securities Practice Management Leadership 67

Nerd's Eye View

FEBRUARY 10, 2023

Also in industry news this week: The SEC this week released its 2023 examination priorities, which include its new marketing rule, Reg BI, and complicated investments The House of Representatives is considering legislation that would broaden the definition of who qualifies as an accredited investor and is potentially eyeing a role for financial advisors (..)

Practice Management 76

Practice Management Investments Numbers Planning 76

Nerd's Eye View

JANUARY 27, 2023

Also in industry news this week: Why cash management strategies could become increasingly important parts of an advisor’s value proposition in a higher-interest-rate environment Why improved returns on cash products could be a double-edged sword for some advisory clients following last year’s market volatility From there, we have several (..)

Nonprofit 77

Nonprofit Cash Management Practice Management Budgeting 77

CFO News Room

FEBRUARY 3, 2022

The provider of physician practice management technology also announced a new $250 million share repurchase program. . Allscripts Healthcare Solutions — Shares soared 16% after the company issued preliminary quarterly earnings and revenue results that topped Wall Street forecasts. Johnson & Johnson – The vaccine maker gained 2.9%

Forecasting 130

Forecasting Healthcare Practice Management Sales 130

CFO News Room

JANUARY 24, 2023

We also talk about how, in addition to her unique succession structure, Jennifer created an operating agreement for her firm (based on the teachings of Philip Palaveev and Mark Tibergien) when she added a partner, that outlines the financial management of their P&L as targeting 40% advisor compensation, 35% overhead expenses, and 25% in profit (..)

Planning 130

Planning Practice Management Leverage Technology 130

Nerd's Eye View

MARCH 3, 2023

Senators is considering potential ways to shore up Social Security, from raising the retirement age to 70 to creating a sovereign wealth fund From there, we have several articles on practice management: How advisory firms can leverage their CRM software to run a more efficient practice Best practices for firms to consider when choosing training programs (..)

Practice Management 65

Practice Management Economics Leverage Securities 65

Nerd's Eye View

APRIL 7, 2023

Also in industry news this week: FINRA has announced that, on the heels of its first enforcement action under the Reg BI rules, it will be ramping up its examinations of broker-dealers for potential violations (after a long period of relative leniency when firms were still determining how best to comply with the rule) A recent study from Ameriprise (..)

Auditing 77

Auditing Prioritization Practice Management Numbers 77

Nerd's Eye View

DECEMBER 16, 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.

Practice Management 90

Practice Management Planning Leverage Numbers 90

Nerd's Eye View

JANUARY 6, 2023

We also have a number of articles on practice management: Why the most successful firms in the coming years might be those who dominate individual market segments rather than those that are ‘overdiversified’ Four ways firms can attract next-generation advisor talent.

Auditing 74

Auditing Practice Management Investments Securities 74

Nerd's Eye View

OCTOBER 14, 2022

We also have a number of articles on practice management: Why small financial advisory firms continue to thrive amid competition from the largest players in the industry. How the Common Data Set can help advisors and families compare the actual cost of attendance across a range of colleges.

Tax Planning 79

Tax Planning Accounting Firms Securities Practice Management 79

Nerd's Eye View

JANUARY 20, 2023

Also in industry news this week: While the number of RIA M&A deals increased in 2022, the size of these deals declined, perhaps reflecting challenging market and economic headwinds A recent survey suggests that nearly half of financial advisory clients have changed advisors or have considered doing so since the start of the pandemic and that portfolio (..)

Cash Management 72

Cash Management Practice Management Economics Banking 72

Nerd's Eye View

DECEMBER 2, 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. Why wrap fee programs appear to be in the crosshairs as the SEC begins to enforce Reg BI.

Practice Management 65

Practice Management Securities Planning Marketing 65

Nerd's Eye View

SEPTEMBER 9, 2022

From there, we have several articles on practice management: A new company aims to train the next generation of planners and provide a valuable outsourced service to advisory firms. Why creating internal career paths and considering fully remote workers could help firms thrive in the current tight labor market for advisor talent.

Practice Management 74

Practice Management Securities Planning Education 74

Nerd's Eye View

NOVEMBER 18, 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. How advisors can help their clients turn their HSAs into wealth-building machines.

Tax Planning 71

Tax Planning Practice Management Leadership Planning 71

Nerd's Eye View

OCTOBER 28, 2022

From there, we have several articles on practice management: A new report shows that RIA profitability and AUM soared in 2021, buoyed by a strong stock market and new client growth. Fidelity has introduced a direct indexing platform for advisors, joining an increasingly competitive space.

Valuation 74

Valuation Practice Management Economics Investments 74

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.

Practice Management 73

Practice Management Finance Planning Retail 73

Nerd's Eye View

AUGUST 26, 2022

From there, we have several articles on practice management: New rankings show what it takes for RIAs to make it into the top 100 by AUM, and why seeking out ‘smaller’ clients can spur firm growth. The range of considerations and potential consequences for RIAs considering going public.

Prioritization 80

Prioritization Practice Management Construction Planning 80

Nerd's Eye View

AUGUST 26, 2022

From there, we have several articles on practice management: New rankings show what it takes for RIAs to make it into the top 100 by AUM, and why seeking out ‘smaller’ clients can spur firm growth. The range of considerations and potential consequences for RIAs considering going public.

Prioritization 77

Prioritization Practice Management Construction Planning 77

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.

Accounting Firms 64

Accounting Firms Invoicing Practice Management B2B 64

Nerd's Eye View

OCTOBER 7, 2022

We also have a number of articles on practice management: Five key metrics that underpin advisory firm sustainability. 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 Accounting Numbers 70

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 52

Auditing Accounting Accounting Firms Practice Management 52

PYMNTS

DECEMBER 7, 2020

Practice management software provider ImagineTime , which works with accounting firms, has partnered with Mango Billing for a "next-generation practice management solution," according to a press release. ImagineTime, Mango Billing Partner On Digital Accounting.

Finance 63

Finance B2B Invoicing Banking 63

Nerd's Eye View

JULY 15, 2022

From there, we have several articles on practice management: How the use of a tiered fee structure or a retainer model can help insulate advisory firm revenue from the effects of a bear market. Why a recently announced SPAC merger could lead to additional opportunities for breakaway brokers to transition to the RIA model.

Practice Management 70

Practice Management Leadership Numbers Marketing 70

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.”.

Planning 130

Planning Practice Management Leadership Accounting 130

Nerd's Eye View

JULY 8, 2022

From there, we have several articles on practice management: How setting Objectives and Key Results (OKRs) can help ensure all employees are working toward common firm goals. How advisors can leverage the Entrepreneurial Operating System (EOS) to systematically manage and grow their firms.

Practice Management 55

Practice Management Leverage Leadership Planning 55

Nerd's Eye View

JANUARY 24, 2023

We also talk about how, in addition to her unique succession structure, Jennifer created an operating agreement for her firm (based on the teachings of Philip Palaveev and Mark Tibergien) when she added a partner, that outlines the financial management of their P&L as targeting 40% advisor compensation, 35% overhead expenses, and 25% in profit (..)

Planning 85

Planning Practice Management Leverage Technology 85

Regent Assay

OCTOBER 27, 2022

Bright is a UK and Ireland-based accounting, practice management and payroll software provider. Joining Bright opens up the horizons for users across the software in the group, in the long-term becoming an integrated part of a complete accounting solution with practice management, accounting, tax and payroll.

Accounting 52

Accounting Compliance Practice Management Accounting Firms 52

PYMNTS

OCTOBER 1, 2020

The recent work-from-home environment further proved the importance of having integrated, cloud-based billing, invoicing and electronic payment acceptance – especially as remote transactions have become daily necessities.

B2B 56

B2B Invoicing Reconciliations Practice Management 56

The Finance Weekly

APRIL 13, 2022

Practice management softwares help create more efficient tax teams by simplifying activities such as assigning tasks, automating workflows, and getting approvals. Pixie and , AccountancyManager are a few of the leaders in accounting practice management softwares.

Finance 52

Finance Forecasting Budgeting Accounting 52

CFO News Room

OCTOBER 24, 2022

The RIA custodial division’s average advisor relationship has more than $1 billion in AUM, but not a few of those firms started out in the $200 million range, and took full advantage of the practice management/business consulting services that the firm offers its advisors. billion under management and 1,200 household relationships.

Accounting 130

Accounting Planning Banking Investments 130

PYMNTS

OCTOBER 1, 2020

“This level of insight promotes a positive patient experience and advances a streamlined practice mentality that saves time, money, resources, and perhaps lives in the process.”. As medical billing staff enter a patient’s address, a green indicator light flashes on when it passes muster with the Melissa address verification system.

Healthcare 74

Healthcare Compliance Practice Management Sales 74