Nerd's Eye View

OCTOBER 25, 2024

Also in industry news this week: The SEC this week released its list of priorities for 2025 examinations, which include advisers' use of Artificial Intelligence tools, adviser recommendations of complex investment products, and broker-dealers' compliance with Regulation Best Interest CFP Board has introduced a refreshed ad campaign encouraging students (..)

Financial Planner 246

Financial Planner Financial Advisor Estate Planning Compliance 246

XY Planning Network

OCTOBER 30, 2023

With the overwhelming amount of rulemaking taking place at the SEC, the operational impact of maintaining compliance, when taking into account the totality of the rules recently finalized and currently being proposed, is sure to be significant for most investment advisers going forward.

Compliance 91

Compliance Investing Investments Accounting 91

Nerd's Eye View

AUGUST 7, 2023

This month's edition kicks off with the news that estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate planning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estate planning (..)

Estate Planning 246

Estate Planning Wealth Management Financial Advisor Planning 246

Nerd's Eye View

NOVEMBER 2, 2022

While there is some overlap between the specific documents to be submitted for those registering with the SEC as opposed to the states, the universe of documents is far from identical. Notably, along with certain standardized forms (e.g., Read More.

Compliance 130

Compliance Investing Investments Government 130

Nerd's Eye View

MAY 5, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a "small entity" to reduce the compliance burden on small businesses, (..)

Financial Planner 246

Financial Planner Financial Services Electronics Compliance 246

Abnormal Returns

OCTOBER 23, 2023

investmentnews.com) Compliance How to conduct and document an annual compliance review. (riabiz.com) AI Is AI an existential threat to the business of financial advice? advisorperspectives.com) Vanilla is rolling out more AI tools for estate planning.

Compliance 162

Compliance Estate Planning Financial Advice Financial Advisor 162

Nerd's Eye View

JUNE 21, 2023

In addition to collecting the required reports, the firm’s Chief Compliance Officer (CCO) also has certain review requirements.

Ethics 244

Ethics Fiduciary Duty Compliance Clients 244

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 (..)

Financial Planner 246

Financial Planner Compliance CFP Clients 246

Abnormal Returns

JULY 1, 2023

newscientist.com) Health AI could help doctors automate their documentation requirements. wsj.com) Due to patient non-compliance, we need more long-acting drugs. (businessinsider.com) How time-restricted eating helps you lose weight. nytimes.com) Green card issues are putting health providers with a shortage of nurses.

Startup 245

Startup Food Financial Advising Transportation 245

BlueMind

FEBRUARY 11, 2022

Therefore, digital documentation can be very critical for the onboarding process. This long and arduous process of client onboarding demands that you have all the required documentation lined up in a row before creating financial goals and plans with your client. Category: Technology.

Compliance 52

Compliance Financial Advisor Clients Electronics 52

Nerd's Eye View

AUGUST 24, 2022

The agreement should also lay out some acknowledgments for the client to review.

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Nerd's Eye View

AUGUST 24, 2022

The agreement should also lay out some acknowledgments for the client to review.

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Steve Sanduski

OCTOBER 27, 2024

When team members have access to well-documented procedures and checklists, they can perform their tasks with greater assurance and accuracy. System: The final step is to document the detailed instructions about how each task is completed. Amy Koenig is a financial advisor coach and the Chief of Operations at ROL Advisor.

Clients 64

Clients Financial Advisor Management Compliance 64

Harness Wealth

MARCH 27, 2025

Simplified tax filing PTET’s consolidation of state tax payments streamlines administrative processes and minimizes compliance costs. Failure to understand relevant differences can result in potential compliance issues and penalties. Instead, they receive a federal tax credit, simplifying their tax filing process.

Taxes 52

Taxes Compliance Consulting Financial Planning 52

Carson Wealth

MARCH 27, 2025

However, unless you named a co-agent or alternate agent in the same POA document or are still competent to appoint someone else to act on your behalf, a power of attorney cannot choose who takes over their duties. Compliance case #7754770.2 Appointing a POA can also help to prevent family disputes and ensure your wishes are respected.

Fiduciary Duty 52

Fiduciary Duty Medical Estate Planning Healthcare 52

Ballast Advisors

JUNE 18, 2024

Join us as we delve into the tax strategy, legal documentation, and insurance coverage considerations needed to successfully balance the ownership of multiple residences for snowbirds. It’s crucial to understand the tax laws of each jurisdiction to ensure compliance. This can include federal, state/provincial, and local taxes.

Insurance Coverage 52

Insurance Coverage Insurance Taxes Financial Planning 52

Nerd's Eye View

FEBRUARY 21, 2024

Additionally, companies formed on or after January 1, 2024, will need to include "company applicants", which are the individuals who filed and/or directed the filing of the company's business formation documents at the state level in their BOI reporting. And if any of the company's beneficial owners change (e.g.,

Insurance 241

Insurance Numbers Clients Business Planning 241

Nerd's Eye View

OCTOBER 25, 2023

Most notably, while the bulletin states that the fiduciary obligations are generally the same between RIAs and broker-dealers whose fiduciary obligations are triggered under Reg BI, dually registered broker-dealer representatives are also obliged to disclose the capacity in which they are acting (i.e.,

Fiduciary Duty 246

Fiduciary Duty Commission Clients Accounting 246

Nerd's Eye View

JUNE 4, 2024

In this episode, we talk in-depth about how Freeman used a customized spreadsheet to analyze the financials that ended up favoring operating as an independent RIA rather than under a broker-dealer’s grid and platform fees (in particular the ability to boost long-term profitability by paying expenses as a flat cost rather than as a percentage (..)

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

Nerd's Eye View

JUNE 4, 2024

In this episode, we talk in-depth about how Freeman used a customized spreadsheet to analyze the financials that ended up favoring operating as an independent RIA rather than under a broker-dealer’s grid and platform fees (in particular the ability to boost long-term profitability by paying expenses as a flat cost rather than as a percentage (..)

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

Carson Wealth

JULY 3, 2024

Proper tax planning can save your business money and ensure compliance with regulations. Understand your tax obligations at the local, state and federal levels, and keep detailed records of income, expenses and tax-related documents. Get Help with Tax Planning Tax planning is a critical component of financial management.

Financial Planning 142

Financial Planning Planning Retirement Planning Tax Planning 142

Nerd's Eye View

FEBRUARY 22, 2023

As a document required to be filed by all registered investment advisers, Form ADV is (at least in theory) a standardized description of each RIA’s services, fees, and business practices, presented in a series of four forms (Part 1, Part 2A, Part 2B, and Part 3) each comprised of a set of underlying sections.

Commission 235

Commission Clients Investing Investments 235

Harness Wealth

MARCH 27, 2025

Due diligence involves the following: Identifying potential tax risks: Its important to review the target fund’s tax returns, partnership agreements, and other relevant documents to identify any potential tax liabilities or compliance issues. Automated tax reporting software can streamline filings.

Taxes 52

Taxes Tax Planning Assets Compliance 52

Harness Wealth

FEBRUARY 19, 2025

Ensure BOI reporting compliance and remain updated with the latest BOI regulations with a tax advisor from Harness. Enter reporting company information Legal Name: Enter the full legal name of the reporting company exactly as it appears on official documents.

Taxes 52

Taxes Financial Advisor Consulting Certification 52

BlueMind

MARCH 10, 2022

This includes abandoning the traditional ink and paper practice and letting go of wet-ink signatures while switching to e-documentation and e-signatures. Related Read: Reducing Compliance Risk with Technology. 5 Benefits of Using E-Signature & E-Documentation 1. All this often means handling hundreds of documents in a day.

Compliance 52

Compliance Electronics Financial Advisor Clients 52

Inside Information

JANUARY 31, 2025

I thought it was interesting that she didnt mention some of the additional tools that are housed in the back office, like Calendly, whatever tools are used for compliance, investment data research, risk tolerance solution(s), DocuSign, document management software, a client portal, and whatever is used to encrypt sensitive client data sent and received (..)

Risk Tolerance 40

Risk Tolerance Consulting Estate Planning Wealth Advisor 40

Nerd's Eye View

JULY 24, 2024

Beyond the confirmation of the general post-death RMD rules, the 260-page Final Regulations document offers a slew of other regulatory guidance for specific circumstances where the new rules for Eligible and Non-Eligible Designated Beneficiaries apply.

Distribution 190

Distribution Accounting Retirement Tax Planning 190

Harness Wealth

DECEMBER 30, 2024

The key differences between 83(i) and 83(b) elections The benefits and risks of an 83(i) election The eligibility criteria for an 83(i) election How to file an 83(i) election 83(i) compliance requirements for companies Is an 83(i) election right for you? To file the election, employees should prepare documentation similar to a 83(b) election.

Taxes 52

Taxes Compliance Compensation Planning Financial Advisor 52

Harness Wealth

FEBRUARY 4, 2025

These include legal fees, administrative costs, audit expenses, compliance costs, and operational fees. These costs are typically outlined in the fund’s Private Placement Memorandum (PPM) or offering documents. Minimize tax liabilities through strategies such as tax-loss harvesting, 1031 exchanges , and proper entity structuring.

Taxes 52

Taxes Investing Investments Startup 52

Harness Wealth

FEBRUARY 5, 2025

Maintaining accurate records of foreign income and taxes paid is therefore vital to calculating the correct FTC and maintaining tax compliance. Lewis Chessiss perspective on tax compliance when living abroad Lewis Chessis is a tax advisor on the Harness platform with extensive experience helping U.S. For instance, if a U.S.

Taxes 52

Taxes Compliance Accounting Government 52

Trade Brains

SEPTEMBER 4, 2023

This expansive reach, coupled with features such as bulk discounts, bulk purchasing, accountsecurity, and compliance tools. This streamlined documentation not only enhances transparency but also helps you stay compliant with tax regulations. Amazon Business is home to 3.5+ lakh sellers, serving across 99.8% of pin codes in India.

B2B 52

B2B Compliance Taxes Electronics 52

Sara Grillo

OCTOBER 21, 2022

Also, nothing in this podcast or blog can be interpreted as legal or compliance advice. For advise on such matters, contact a legal or compliance advisor. What designations does a paraplanner usually have? The opinions expressed herein do not necessarily represent the views of Sara Grillo or Grillo Investment Management, LLC.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

Investment Writing

NOVEMBER 20, 2024

Here’s what Warren Buffett wrote about his experience reading corporate reports in his preface to A Plain English Handbook: How to create clear SEC disclosure document s : “I’ve studied the documents that public companies file. Next, consider ways to satisfy the compliance department’s concerns.

Compliance 52

Compliance Communication Assets Investing 52

FMG

OCTOBER 2, 2024

When advisors send a quick text reminder about documents previously requested via email, they often see those materials completed and returned within just 5 minutes (MyRepChat Internal Data, 2024). This ensures all client interactions are properly documented and easily accessible, enhancing your ability to provide personalized service.

Financial Advisor 52

Financial Advisor Communication Clients Numbers 52

Ballast Advisors

JUNE 18, 2024

Join us as we delve into the tax strategy, legal documentation, and insurance coverage considerations needed to successfully balance the ownership of multiple residences for snowbirds. It’s crucial to understand the tax laws of each jurisdiction to ensure compliance. This can include federal, state/provincial, and local taxes.

Insurance Coverage 52

Insurance Coverage Management Insurance Taxes 52

Diamond Consultants

NOVEMBER 29, 2022

Knowledge is power—particularly in a world where compliance scrutiny has ramped up, and firms prioritize risk reduction over revenue creation. Internal investigations are exactly what they sound like, a review undertaken by your firm’s legal and compliance team to gather the facts surrounding a potential infraction. What are they?

Compliance 52

Compliance Recruitment Media Planning 52

David Nelson

JULY 25, 2022

Most have a compliance division to monitor employee trading. Because the framers of that document, the architects of our Republic, wanted to remind you, at all times, who is in charge. It’s morally wrong and Americans should demand an end to it. You don’t have to be a corporate insider to meet the test.

Compliance 98

Compliance Portfolio Management Management Manufacturing 98