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Weekend Reading For Financial Planners (January 11–12)

Nerd's Eye View

Also in industry news this week: A survey indicates that nearly 71% of new financial advisors drop out in the first 5 years, with firms offering better training and mentorship opportunities (as well as entry-level positions that don't come with business development targets) seeing higher employee retention rates How broker-dealer self-regulatory organization (..)

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January Sees 467,000 New Jobs, Stable Unemployment Rate

CFO News Room

The number of unemployed persons, at 6.5 As another point of comparison, in February 2020, prior to the outbreak of the COVID-19 pandemic, the unemployment rate was 3.5%, and the number of unemployed persons was 5.7 The number of long-term unemployed (people who have been jobless for 27 weeks or more) declined to 1.7

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#FA Success Ep 336: Showing Prospects An (Asset) Map To Generate More Advice Engagement, With H. Adam Holt

Nerd's Eye View

In this episode, we talk in-depth about how, while working with ultra-high-net-worth clients, Adam began to draw his own financial maps to help him better visualize his clients’ complex financial situations on one page (and then realized that by showing his financial planning maps to his clients, they became better engaged in the financial planning (..)

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KPIs You Should Be Tracking in a Nonprofit

The Charity CFO

Days of Cash on Hand Days of cash on hand: (Average daily operating expenses) / (Current cash and cash equivalents) This represents the number of days an organization can operate without additional cash flow. Maintaining higher cash reserves can mitigate the risk associated with high revenue concentrations.

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Moving 5G Beyond The Marketing Realm And Into Reality

PYMNTS

He pointed to use cases such as using sensors, in combination with 5G, to take individuals’ temperatures and, as a result, survey public health risks — collecting and analyzing data that can have a profound impact on large numbers of people. Gellman noted that deployments thus far have primarily been concentrated in urban areas.

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PodChats for FutureCFO: Women CFOs: Filling the gender gap

Future CFO

“In schools and universities women make up only 35% of finance courses, and the number is alarmingly declining,” she laments. It’s important to change this perception at the educational level.” Fourth, improve representation to avoid concentrating women in certain roles (e.g.

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The weight of upskilling in finance

Future CFO

He says Finance is now, more than ever, moving from the traditional role of being just a “number cruncher”. Upskilling pace Given all the changes and shifts in the Finance function at present, Cheah believes the pace of upskilling within the team in the bid to keep up comes as a concentrated effort.

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