Thu.Nov 28, 2024

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Kitces & Carl Ep 152: Advisory Fee Confidence And Building The Happy-Client Stoke File

Nerd's Eye View

How much to charge for financial advice is rarely a decision made lightly. A firm's pricing strategy often reflects both the local market (or niche-related) norms – such as the nearly-ubiquitous 1%. Others may align with broader industry trends, like transitioning to fee-only structures to buffer against market volatility. Still others may choose a hybrid model, combining AUM fees with additional charges for other services like tax planning.

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10 Thanksgiving Day Reads

Barry Ritholtz

My Turkey Day reads: • 101 Simple Joys of Life We Must Not Forget : No matter what is happening in our lives, we can always find something to appreciate and be grateful for. ( The Plain Simple Life ) • Buffett’s Life Advice May Be More Valuable Than His Portfolio : The Oracle of Omaha’s latest letter shares his insight on how to leave behind a strong family and a lasting legacy. ( Bloomberg ) • 18 Thanksgiving dishes Post readers make every year : Stuffed ham.

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Trending Sources

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Mining, domestic demand bolster Mongolia's economy: World Bank

CFO News

Mongolia's economy is projected to grow by 5.3 per cent in 2024 and 6.5 per cent in 2025, driven by robust mining production and domestic demand, according to the World Bank's latest semi-annual Mongolia Economic Update on Friday.

Banking 59
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Scaling AI with data and analytics

Future CFO

Gartner VP Analyst Gareth Herschel will share the top ways that data and analytics leaders can scale AI in service of their D&A initiatives, as learning to harness the power of artificial intelligence goes a long way toward supporting this endeavor. By improving business processes, enabling better decisions and supporting innovation, leaders can deliver tangible business outcomes for their organisations and stakeholders.

CFO 52
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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Piyush Goyal launches CII's 'Ease of Doing Business' portal

CFO News

Commerce and Industry Minister Piyush Goyal on Thursday launched the CII Ease of Doing Business and Regulatory Affairs portal for getting insights into India's business environment and to receive and track suggestions for improvement.

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More Trending

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India's gig economy could add 90 million jobs over time: Report

CFO News

India's gig economy could add 90 million jobs, enabled by large multinationals, and add 1.25 per cent to the country's GDP over time, according to a report on Thursday.

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Kapital Bank’s Commitment to Sustainable Banking Showcased at COP29

Global Finance

During COP29 Kapital Bank, the country’s largest financial institution, actively contributed to COP29 through various initiatives and panels, including Corporate Sustainability , Sustainability Through Digitalization , and Green Finance and Sustainable Development. CEO of Kapital Bank, Farid Huseynov participated in various panel discussions on sustainable development and environmental protection, emphasizing the bank’s innovative financial solutions tailored to support the transition to a green

Banking 78
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Innovative financial solutions to boost MSME growth in India: Nasscom

CFO News

In order to boost the MSME growth in the country, there is the need for innovative financial solutions and banks should improve transparency in loan approval processes and eliminate unused credit charges, according to a report on Thursday.

Banking 52
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Is India's GDP growth slowing? Falling wages & the hit to middle class might just hold the answer

CFO News

Indian wages contracted last quarter for the first time since the pandemic. This curbed consumer spending and led to weaker corporate profits among major companies like Maruti Suzuki and Hindustan Unilever. The slowdown poses challenges for the government’s growth goals. Opposition parties criticized the government for ignoring the economic difficulties of the middle class.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Uniqus eyes $150 million revenue by 2027 with new financial reporting tool, says co-founder Jamil Khatri

CFO News

Uniqus is targeting key markets in India, Middle East, and US with its cloud-based financial reporting tool, Reporting UniVerse.

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Sebi unveils new norms for trading during outage

CFO News

The regulator has told exchanges and the other stakeholders in the trading ecosystem to work on this and launch the facility by April 1, 2025.

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Income Tax probe finds 500 'actionable' cases of undisclosed Dubai assets held by Indians

CFO News

More than 500 cases of undisclosed immovable properties held by Indians in Dubai have been identified by the income-tax department, with Delhi raids alone uncovering unaccounted transactions worth over ₹700 crore. Germany provided information on properties owned by Indians in the Middle East, revealing over a thousand such assets.

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I-T’s About Her: Women taxpayers on the rise

CFO News

The number of women taxpayers has been steadily increasing, with 22.9 million women filing income tax returns in the assessment year (AY) 2023-24, up from 18.3 million in AY 2020, as per data from the Lok Sabha. Over the past five years, the number of women tax filers has grown by 25.3%.

Numbers 40
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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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GSTN releases list of 5 approved mobile apps for fast verification of GST invoices, easy input tax credit claim

CFO News

GST invoice verification: New advisory by GSTN in respect of availability of five official apps for e-invoice verification. Experts say that these apps solve a lot of problems like faster verification of e-invoices which may lead to faster claim of input tax credit and also help in reducing litigations and subdue the problem of fake GST invoices.

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C2C Advanced Systems IPO sees withdrawal of 3.72 lakh applications

CFO News

C2C Advanced Systems' Rs 99-crore IPO saw a significant setback as regulatory concerns led to 3.72 lakh applications worth Rs 27 crore being withdrawn. Sebi's intervention required the company to appoint independent auditors and NSE to set up a monitoring agency, prompting many investors to retract their bids.

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Adani Green’s mega project under scrutiny trips up on deadline; supplies zero power to Andhra Pradesh

CFO News

Adani Green Energy's delayed solar project has yet to supply power to Andhra Pradesh, missing the original schedule by months. Instead, Adani Green Energy has begun selling power from the project at a higher rate on exchanges. Delays are attributed to incomplete transmission systems, pushing power supply timelines to April 2025 and January 2026.

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Finance Ministry backs raising FDI in insurance to 100%

CFO News

The finance ministry has proposed allowing 100% foreign direct investment in the insurance sector, reducing the minimum paid-up capital for companies, and permitting insurers to conduct multiple insurance-related activities. The changes are intended to enhance industry efficiency and increase insurance accessibility and affordability for citizens.

Finance 40
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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Readying for IPO, LG hops on to a Hyundai car

CFO News

Broking firms said companies borrow from each other when setting up their investor sections but these are not made public until they're ready. Another person said it might have been beta testing of the section on the LG India website that went public by mistake.

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IT ministry likely to seek Cabinet’s nod for Rs 40,000 crore package to boost electronic components' manufacturing

CFO News

The package, which is likely to comprise subsidies on capital expenditure and incentives based on increase in production and employment generation, is expected to create an ecosystem of electronic component production, as the government seeks to integrate domestic companies into the global value chain of electronics manufacturing.

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K Raheja Investment pays Rs 68.73 lakh to settle REIT norms violation case with Sebi

CFO News

Mindspace Business Parks REIT, sponsored by K Raheja Corp group, was listed on the Indian bourses in August 2020. It owns office portfolios in the Mumbai Region, Pune, Hyderabad, and Chennai.

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Indian central bank likely selling dollars to support rupee near key level, traders say

CFO News

Rbi: INDIA-MARKETS/RUPEE (URGENT)Indian central bank likely selling dollars to support rupee near key level, traders say

Banking 40
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Who moved our jobs?

CFO News

At the ongoing ETBFSI Converge Summit 2024, held by our sister vertical, former RBI governor and finance secretary D Subbarao too highlighted the pressing need for the right job creation, He said that while India’s population continues to expand, the much-touted demographic dividend remains elusive without adequate employment opportunities.

Finance 40
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Japanese banks sticking with Adani as Jefferies, Barclays review ties

CFO News

Japan’s biggest banks, including Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ, plan to maintain their support for Adani Group despite US bribery charges. In contrast, other global firms like Barclays are reassessing their exposure due to reputational risk concerns. Adani Group denies the allegations, reinforcing its stance with investors.

Banking 40
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Indian banks are reviewing Adani Group exposure after US charges

CFO News

Indian banks, including State Bank of India and ICICI Bank, are reassessing their exposure to Adani Group after U.S. bribery accusations against Chairman Gautam Adani, although this review may not change lending strategies.

Banking 40
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Expressed deep disappointment at EU's CBAM, EUDR regulations with French counterpart: Piyush Goyal

CFO News

India's Commerce Minister Piyush Goyal expressed disappointment over the EU's green trade regulations, including CBAM and EUDR, calling them unfair and unilateral. He emphasized the principle of common but differentiated responsibilities and India's low per capita emissions during a meeting with his French counterpart, hoping for a resolution through continued engagement.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.