A 5-Step Prospecting Process To Sell Your Advisor Value With Greater Confidence And Trust

CFO News Room

And by using such a process, advisors will have a systematic way to identify the right clients for their practice and filter out the wrong ones. Before he implemented the no-stress sales process, he had been in practice for 10 years and was charging $600 a year for planning.

How Advisors Can Work Less And Take More Vacation Time Off

CFO News Room

For instance, even though some advisory firm executives may have fewer client advisory responsibilities, their job responsibilities include managing their staff and the office itself, which could be one reason why they take fewer vacation days than lead advisors. Executive Summary.

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How Human Financial Advisors Provide Value That Robos Cannot

CFO News Room

On the other end of the spectrum, the areas where clients preferred digital tools included simplifying their portfolio for organized, cohesive management; diversifying their investments; managing capital gains and taxes effectively; and preventing details from being overlooked.

A 5-Step Prospecting Process To Sell Your Advisor Value With Greater Confidence And Trust

Nerd's Eye View

And by using such a process, advisors will have a systematic way to identify the right clients for their practice and filter out the wrong ones. Practice Management OPTIN: One Page Business Plan (BAR

Weekend Reading For Financial Planners (Sept 10-11)

Nerd's Eye View

But amid competition from large asset managers and broker-dealers, advisors can consider how they can shape their service offerings and fee structures to attract Millennials and build client relationships that could last for decades to come.

Weekend Reading For Financial Planners (Aug 27-28)

Nerd's Eye View

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.

Weekend Reading For Financial Planners (July 16-17)

Nerd's Eye View

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.

ImagineTime, Mango Billing Partner On Digital Accounting

PYMNTS

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.

Weekend Reading For Financial Planners (July 9-10)

Nerd's Eye View

Also in industry news this week: How advisors are planning to grow despite the current bear market’s negative impact on assets under management. How advisors can leverage the Entrepreneurial Operating System (EOS) to systematically manage and grow their firms.

Boosting Productivity while Evaluating the Process Post Tax Season

The Finance Weekly

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.

American Express, General Electric, IBM and more

CFO News Room

The company spun out its managed infrastructure services unit during the quarter into a publicly held company named Kyndryl. The provider of physician practice management technology also announced a new $250 million share repurchase program. .

Lightyear Forms ProfitSolv To Acquire Billing, Payments Solutions

PYMNTS

Vassallo , managing partner of Lightyear, said the work with ProfitSolv “reflects our long-term investment thesis that embedding payment solutions in vertically integrated, sector-specific software will continue to gain market share from more traditional software providers.”. “We

Tuck In Or Institutionalize Your IP?

CFO News Room

Penny is the president and co-founder of Journey Strategic Wealth, an independent RIA platform for advisors that manages over $3 billion in assets through the firms that they work with to outsource their back-office compliance and operations management. Executive Summary.

CFO 130

Today In B2B: Revolut Debuts New Business Feature; MonetaGo Targets Trade Finance Fraud

PYMNTS

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.

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Weekend Reading For Financial Planners (Sept 17-18) 2022

CFO News Room

Sessions during the festival covered a wide range of topics related to the future of wealth, from practice management trends to changes in the investing world to the future of cryptoassets to strategies for improving diversity in the wealth management industry. Executive Summary.

CFO 130

In B2B, Embedded Payments Make For Attractive Acquisitions

PYMNTS

In discussing the formation of ProfitSolv, Michal Petrzela , managing director at Lightyear Capital, told PYMNTS that Lightyear's affiliated investment funds are currently focused on investing in payments companies that “embed payments with vertical-specific software solutions.”.

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Melissa, Allscripts Tackle Medical Billing Problem

PYMNTS

Melissa and Allscripts on Thursday announced a “continuing partnership” that will offer the Melissa Address Validation system within Allscripts’ software platform, which is designed for standalone physician practices.

What Leaders Get Wrong About Resilience

CFO News Room

Management Tip of the Day. Quick, practical management advice to help you do your job better. While positive emotions can help boost resilience, negative emotions often occur when someone is managing a challenging experience.

CFO 130

VSP Global Acquires Visionworks

PYMNTS

There is also Marchon Eyewear, one of the world’s largest designers, manufacturers and distributors of eyewear and sunwear; VSP Optics, which offers custom lens solutions; Eyefinity, a leader in practice management and electronic health record software; VSP Retail, which focuses on boosting access to eye care and eyewear; and VSP Ventures, which was created for doctors that want to transition their practice.

Weekend Reading For Financial Planners (Sept 10-11) 2022

CFO News Room

But amid competition from large asset managers and broker-dealers, advisors can consider how they can shape their service offerings and fee structures to attract Millennials and build client relationships that could last for decades to come. Executive Summary.

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Azalea Health Expands Digital Capabilities With LeonardoMD Acquisition

PYMNTS

Integrated cloud-based health care solutions and services company Azalea Health moved its offerings ball significantly with the announcement of its acquisition of practice management and electronic health records provider LeonardoMD. With all of the intricately linked aspects of the health care system, it’s safe to say that the software used by any medical-related staff is likely to be just as sophisticated.

Giving B2B Dental Payments A Digital Treatment

PYMNTS

Dental practices typically go through many steps to receive payments, and the time and costs involved can quickly mount when many of these processes are handled manually. Dental practices could benefit if more insurance companies delivered electronic payments, however.

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Weekend Reading For Financial Planners (Aug 27-28) 2022

CFO News Room

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. Philip Palaveev | The Ensemble Practice). Executive Summary.

CFO 130

Reckon Shifts Strategy In MYOB, Xero Rivalry

PYMNTS

Instead, the company is working with the Institute of Public Accountants to white label its solution, while also refocusing its energy to grow its healthcare practice management and payroll software tools. Australian small business accounting company Reckon is shifting its competitive strategy against the industry’s top leaders, MYOB and Xero, reports in the Australian Financial Review said Tuesday (Feb.

Digital Health Investments Fall 19 Pct In Q1

PYMNTS

Practice management solutions companies led M&A activity with five transactions, followed by data analytics companies with four transactions. Companies providing clinical decision support, electronic medical records and emergency department information systems all had two transactions a piece, and there was one transaction each recorded by companies that offered asset tracking, document management, long-term and post-acute care and medical imaging.

Weekend Reading For Financial Planners (July 16-17) 2022

CFO News Room

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 ‘unblocking’ might be the most important task a manager can complete during their day.

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Weekend Reading For Financial Planners (July 9-10) 2022

CFO News Room

Also in industry news this week: How advisors are planning to grow despite the current bear market’s negative impact on assets under management. How advisors can leverage the Entrepreneurial Operating System (EOS) to systematically manage and grow their firms. Executive Summary.

CFO 130

Weekend Reading For Financial Planners (June 11-12) 2022

CFO News Room

8 inflation conversations advisors can have with their clients, from creating a cash management strategy to reassessing long-term inflation assumptions. Under the practice, brokerages accept compensation from market-making firms (e.g., Diana Britton | Wealth Management).

How Telemedicine Is Going To The Dogs (And Cats, Too)

PYMNTS

And in an interview with Karen Webster, Steven Carter , CEO of online platform TeleVet said that telemedicine has a growing place in the pet care space — chiefly as a means to keep patients and providers in communication about animals’ health, and as a way to keep practices running smoothly.

Failed MYOB/Reckon Merger Offers Opportunity For Accounting Startup Karbon

PYMNTS

Karbon Co-founder Stuart McLeod said in an interview with the publication,”The consensus is that Reckon [doesn’t] have the funds to invest in maintenance of their APS [Accounting Practice Software] product, and that their customers will go into a buying cycle over the next 18 months to three years.”

Weekend Reading for Financial Planners (Feb 26-27) 2022

CFO News Room

those who have self-directed brokerage accounts in addition to a traditional financial advisor), underscoring the opportunity for advisors who can provide financial planning for clients beyond their (increasingly self-managed) investment portfolio. Executive Summary.

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2022 Must-Read List Of Best Books For Financial Advisors

CFO News Room

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. Executive Summary.

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This Week In Payments: Saving Small Business

PYMNTS

For example, legal practice management software business Clio has spent the past several months working with the American Bar Association to help more law firms digitally integrate.

Weekend Reading for Financial Planners (Mar 26-27) 2022

CFO News Room

In fact, according to research from Cerulli Associates, as advisory firms have further reinvested into their value proposition in recent years, average revenue yield (total AUM fees divided by total assets under management) actually increased in 2021 to 0.69% (from 0.66% in 2020).

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The Evolution From Broker-Dealer To RIA Platform Leadership

CFO News Room

billion in assets managed by over 20 affiliated independent advisor businesses. Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. Producing OSJ manager.