Nerd's Eye View

SEPTEMBER 6, 2024

Also in industry news this week: A probe by the Government Accountability Office found that the conflict-of-interest disclosures offered by many firms offering financial advice are often inadequate or confusing, making it hard for consumers to understand whether and when a financial professional is operating in their best interest A recent study has (..)

Treasury 98

Treasury Tax Planning Practice Management Compliance 98

Nerd's Eye View

MAY 3, 2024

Also in industry news this week: Large asset managers offering hybrid digital-human advice services are eating into the market share of purely human advisors, signaling that a smaller firm's ability to offer a differentiated value proposition could be a key to success in the coming years A recent study indicates that tech-forward advisory firms not (..)

Healthcare 98

Healthcare Construction Practice Management Leverage 98

Nerd's Eye View

DECEMBER 25, 2023

Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.

Practice Management 98

Practice Management Tax Planning Planning Securities 98

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

Nerd's Eye View

OCTOBER 7, 2022

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

Practice Management 98

Practice Management Marketing Numbers Accounting 98

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 (..)

Practice Management 98

Practice Management Cash Management Leadership Numbers 98

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

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 98

Tax Planning Practice Management Valuation Investments 98

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 98

Practice Management Education Compliance Investments 98

CFO Share

MAY 6, 2024

With new businesses come new beginnings, and nothing excites accountants like setting up a fresh set of books. Like an artist in front of a blank canvas, brand new books hold limitless possibilities, the chance to shed old byzantine corporate accounting and to step into the future of clean and clear financials.

Practice Management 52

Practice Management Manufacturing Accounting Construction 52

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 98

Concentration Practice Management Treasury Numbers 98

Nerd's Eye View

NOVEMBER 6, 2023

This month's edition kicks off with the news that Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while potentially valuable in helping advisors understand and improve their client experience (and subsequently (..)

Valuation 98

Valuation Compliance Practice Management Technology 98

PYMNTS

DECEMBER 7, 2020

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. ImagineTime, Mango Billing Partner On Digital Accounting. Revolut Launches Acquiring Solution For Business Customers. Serent Capital Invests In Procurement Partners.

B2B 63

B2B Finance Practice Management Invoicing 63

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.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

VCFO

JANUARY 11, 2024

Consistent use of systems like EOS Worldwide is key to establish a lasting culture of accountability. Consistent use of systems like EOS Worldwide is key to establish a lasting culture of accountability. Emerging trends and technologies give us an indication of how to think about and prepare for that future.

Valuation 84

Valuation CFO Startups Leverage 84

Future CFO

JANUARY 22, 2024

Two audit firm solutions of Wolters Kluwer have been pre-approved by the Infocomm Media Development Authority (IMDA), a statutory board of the Singapore government, said Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) recently.

Auditing 52

Auditing Practice Management Accounting Firms Accounting 52

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

PYMNTS

FEBRUARY 13, 2019

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.

Healthcare 53

Healthcare Practice Management Accounting Marketing 53

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 98

Accounting Securities Planning Practice Management 98

PYMNTS

OCTOBER 1, 2020

There is also growing demand for better accounts receivable (AR) management, he added. 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 Practice Management Reconciliations 56

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

Regent Assay

OCTOBER 27, 2022

BTCSoftware is a multi-award-winning tax software solution which helps accountants to streamline and simplify tax and compliance work. They developed feature-rich and cost-effective software products that make life easier and more rewarding for accounting professionals. BTCSoftware was founded in 1999 by Rob Ellis and Ian Katté.

Practice Management 52

Practice Management Compliance Accounting Accounting Firms 52

CFO News Room

NOVEMBER 28, 2022

Along with designing a client’s asset allocation , optimizing asset location is another way advisors can add value as putting different investments in taxable versus tax-deferred accounts can have a significant impact on after-tax returns. Retirement Planning.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 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.

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 98

Accounting Practice Management Finance Sales 98

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. But using joint accounts can be uncomfortable for many individuals. Joy Lere | Finding Joy).

Mergers and Acquisitions (M&A) 130

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

Nerd's Eye View

SEPTEMBER 16, 2024

For example, most Millennial and Gen Z clients can open their own investing account and buy index funds online with only minimal guidance from their advisor, so full-service investing might not offer enough value to a next-generation client to justify an ongoing planning fee.

Tax Planning 98

Tax Planning Planning Investments Practice Management 98

Nerd's Eye View

AUGUST 27, 2024

Mark is the former CEO of Pershing Advisor Solutions, a former Principal with Moss Adams Consulting, and is a longtime practice management consultant and thought leader in the financial advisory industry. My guest on today's podcast is Mark Tibergien.

Management Consulting 52

Management Consulting Practice Management Accounting Firms Accounting 52

Nerd's Eye View

NOVEMBER 13, 2023

For many advisors, the transition to meeting virtually was a struggle on account of two major challenges.

Planning 98

Planning Communication Investments Practice Management 98

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

FEBRUARY 13, 2023

rebalancing their investment accounts or reviewing their insurance policies). While it can be easy for financial advisors to recognize the wide range of ways they add value for clients throughout the year, clients themselves might not be aware of what their advisors do for them behind the scenes outside of their annual meetings (e.g.,

Planning 98

Planning Practice Management Investments Accounting 98

CFO News Room

NOVEMBER 21, 2022

This lets us see which clients still need to fund their accounts to maximize their contributions before the tax deadline so that we can avoid missing a Roth contribution for eligible clients. During the winter season, we also use Wealthbox to run a report that tallies all Roth and other retirement contributions made by clients.

Planning 130

Planning Communication Concentration Tax Planning 130

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.

Planning 130

Planning Education Investments Benchmarking 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 75

Concentration CFO Strategic Planning Practice Management 75

CFO News Room

DECEMBER 3, 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. by being able to tax-loss harvest positions within the account), and advisors receive a fee in return.

Communication 130

Communication Investments Planning Marketing 130

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 75

Numbers Retail Technology Practice Management 75

CFO News Room

DECEMBER 12, 2022

In 2023, the annual Kitces Premier Membership fee will be adjusted from $149/year to $169/year to account for rising CE costs. In the coming year, we’re also looking to experiment with some new formats for our third-Friday-of-the-month Office Hours sessions.

Education 130

Education Planning Investments Profit and Loss 130