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.

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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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From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter

Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage

This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.

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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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The 2025 State of Financial Automation

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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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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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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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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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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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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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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.

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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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The AI Race Isn’t Just About Tech Superiority – Its the Supply Chain, Stupid!

The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.

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Sensex crashes nearly 1,300 pts, Nifty below 24K; Fed fears, IT selloff drive market meltdown

CFO News

Sensex, Nifty 50 Crash Today: Indian shares declined, tracking global peers. IT stocks led the losses amid US policy uncertainties. Adani Group stocks rebounded after recent declines. US inflation data raised concerns about interest rate cuts. Experts predict continued market consolidation. Asian markets were mixed, and the dollar held steady. Oil prices dipped slightly.

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Japan’s third-largest bank weighs new push to target private equity boom in India

CFO News

Mizuho Financial Group is exploring a move into India's private equity and venture capital market. The Japanese bank is considering launching this initiative next year, aiming to connect with prolific dealmakers and offer services like debt funding and wealth management, similar to strategies employed by other global and domestic banks.

Banking 40
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Japan's 'Mr Yen', Masato Kanda, chosen as next ADB chief

CFO News

Masato Kanda, Japan's former top currency diplomat known as "Mr. Yen", has been selected as the next president of the Asian Development Bank (ADB). Kanda will begin his term on February 24, 2025, succeeding Masatsugu Asakawa.