This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Almost every financialplanning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden.
Understanding TaxCompliance and Risk Management Ultra-high-net-worth individuals face unique tax challenges, including high rates and ever-changing complex tax codes. If managed improperly or inefficiently, tax issues could significantly erode your familys wealth and even lead to legal complications.
Welcome back to the 289th episode of the FinancialAdvisor Success Podcast ! My guest on today's podcast is Kamila Elliott. Kamila is the CEO and Founder of Collective Wealth Partners, an independent RIA based in Atlanta, Georgia, that oversees nearly $25 million in assets under management for almost 175 client households.
Going beyond FPA’s existing PlannerSearch tool, the narrowed-down list is meant to help consumers identify a focused subset of the most reputable planners.
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)
As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end taxplanning can lead to significant savings and set you up for financial success in the new year. What is the Lifetime Gift Tax Exemption? million ($27.22
Key Highlights Content marketing helps financialadvisors stand out and earn trust from potential clients. When advisors share valuable content for a specific target audience, they can attract new clients and boost their online presence. It helps advisors show their thought leadership and grow their business.
Financialadvisors play a crucial role in assisting you before your retire. They can assess your financial situation, long-term goals, risk tolerance, and investment preferences to create personalized strategies. The benefits of having a financialadvisor extend far beyond your working years.
When you have the resources to make an impact, this type of planning helps you pinpoint what you want to accomplish for your family, community, and society. Steps to Setting Up a Philanthropy Fund Taking the proper steps in the beginning can give your charitable giving plan a solid foundation. Honestly, it can be.
Develop a risk management plan to implement strategies that minimize or eliminate risks, and protect your business with appropriate insurance coverage, such as liability, property and business interruption insurance. Get Help with TaxPlanningTaxplanning is a critical component of financial management.
As a whole, these regulations introduce significantly more complexity to the process of taxplanning around retirement accounts, particularly after the death of the account's original owner.
In this write up we look at the five most important elements of a FinancialAdvisor and the reasons it is important to have these traits to succeed in the industry. Are you exploring the career option as a FinancialAdvisor? Investments, taxplanning, retirement planning is a dynamic field.
Several of the wealth managers had specialists in-house such as: Chief Philanthropic Advisor, Head of TaxPlanning, Family Legal Counselor, Trust Officer If you can’t hire these specialists, work out an arrangement with a close third-party with this expertise. Wear a suit and present yourself conservatively.
There are customers and employees, marketing and keeping an eye on industry trends, cash flow and compliance. 8 MIN READ There are a million things to keep track of when running a business. With these come a number of different dates to keep track of, which as a small business owner or a solopreneur can get overwhelming, fast. to address!
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? Harness makes it easy to find tax and financialadvisors best suited to your needs.
For those looking to crack in and get a job at an RIA firm and become a financialadvisor – good news! I am a CFA® charterholder and I used to be a financialadvisor. I have a weekly newsletter in which I talk about financialadvisor lead generation topics which is best described as “fun and irreverent.”
As a financialadvisor, building a robust network of referral sources is key to growing your business and delivering high-quality service to your clients. One group which financialadvisors often consider partnering with are certified public accountants (CPAs). Why Collaborate With CPAs?
and foreign income or miscalculating the FEIE can result in audits or lost tax benefits, and it’s advisable to seek professional tax advice to avoid mistakes and optimize deductions for the best financial outcome. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs.
Short-Term Rental Taxation: If a property is rented for seven days or less per stay, the IRS classifies the income as business income, subjecting it to self-employment taxes. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs. This article is a product of Harness Tax LLC.
Key Highlights Content marketing helps financialadvisors stand out. When advisors share valuable content for a specific target audience, they can attract new clients. By tracking key metrics, advisors can adjust their strategies. Introduction In today’s world, financialadvisors must be strong online.
Ensure BOI reporting compliance and remain updated with the latest BOI regulations with a taxadvisor from Harness. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs. Harness makes it easy to find tax and financialadvisors best suited to your needs.
These pillars provide a comprehensive framework for building a resilient and sustainable plan. Adhering to these pillars can help you pave the way for a secure and fulfilling retirement supported by wise financial decisions and informed choices. Asset diversification is an essential component of effective taxplanning.
A taxadvisor from Harness can help guide you through the tax-loss harvesting process, tailoring the strategy to your specific circumstances and goals. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs. GET STARTED What are the benefits of tax-loss harvesting?
Lonnie brings over 10 years of personal tax and accounting experience with a specialty in taxcompliance, both domestic and international. Prior to joining Tobias FinancialAdvisors, Lonnie was partner at a top 10 South Florida public accounting firm. The post Welcome, Lonnie Sluchak!
Please note: This list of flat fee and advice-only advisors by state is not an endorsement of any particular individual, their firm, or their services; please do your own research when selecting a financialadvisor. I also provide one-time retirement plans for DIY investors. Tax preparation is also available.
Today I have Rick Ferri with me who is an hourly advisor, a CFA charterholder, a Marine, and the host of the Bogleheads podcast. I am a CFA® charterholder and financialadvisor marketing consultant. I am an irreverent and fun marketing consultant for financialadvisors. What is an hourly financialadvisor?
They have passed a series of exams and have a deep understanding of financial markets, investment strategies and portfolio management. Certified Public Accountant (CPA) CPAs specialize in taxplanning and accounting. TaxPlanning Effective taxplanning can significantly impact your overall financial well-being.
Working with an estate planning attorney can take the pressure off you. Estate planning attorneys have extensive knowledge of state statutes. It’s their job to stay on top of the law as it changes and make sure your estate plan is in compliance. Do you execute the estate plan? Word of mouth is your friend.
They have passed a series of exams and have a deep understanding of financial markets, investment strategies and portfolio management. Certified Public Accountant (CPA) CPAs specialize in taxplanning and accounting. TaxPlanning Effective taxplanning can significantly impact your overall financial well-being.
Protect your investments by communicating with your investment provider and ensuring compliance with all necessary reporting requirements. Investments in Culture and Art, Science, and Business Investing in culture, art, and science is no different from investing in traditional financial assets like fund units or business openings.
Listen to this if you are a financialadvisors or consumer who wants to see through the crap and make better decisions about whether IUL is good for you (or your client) or NOT. I am a CFA® charterholder and financialadvisor marketing consultant. I am an irreverent and fun marketing consultant for financialadvisors.
Though all of this change may seem unprecedented, it has a very relevant analog in one of the taxes sibling professions, financial advisory. The Evolution of the Independent FinancialAdvisor For most of the 20 th Century, wirehouses, broker-dealers, and banks dominated the financial advisory business.
Tax season brings challenges for many, especially those with complex financial situations like equity compensation, multiple income streams, or significant investments. From identifying deductions to ensuring compliance, navigating tax complexities can quickly become overwhelming.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content