Search

That group has 23.3 million individual clients and 4.7 million planning clients, as listed by firms in sections of the document for each type of customers in an RIA's base. Pointing out that there are about 90,000 CFPs and that most advisors can handle no more than 100 clients in "deep, meaningful financial planning relationships", Kitces offered an estimate of 9 million customers. A planning client may also appear in counts of other firms' portfolio management customers, depending on whether an RIA outsources those services, it said. [Extracted from the article]

Insider is launching a new series, 'Founders' Finances,' that explores monthly budgets for entrepreneurs. We're seeking submissions from founders who wish to share their budget and financial advice. The goal [...]

The Estidamah program in Oman has unveiled an ambitious plan for the development of the financial sector. The plan includes over 74 initiatives focused on banking and capital markets, with the goal of effectively allocating financial resources and enhancing their role in achieving Oman Vision 2040's developmental and economic goals. The program aims to improve opportunities for obtaining financing and collaborate with stakeholders to implement the initiatives. The plan also addresses challenges such as limited financial services, low liquidity levels in the capital market, and a lack of qualified human resources in the financial sector. The program has already implemented quick-win initiatives and set performance goals to monitor improvements. Overall, the Financial Sector Development Plan is a significant step towards Oman's financial future and aligns with the national goals of Vision Oman 2040. [Extracted from the article]

This article from MoneySense discusses the tax implications of selling a cottage to a family member in Canada. The author explains that capital gains tax may apply to the sale, depending on various factors. The article also explores the possibility of claiming a principal residence exemption for the cottage and provides information on calculating the adjusted cost base for determining the capital gain. The author advises seeking professional advice and provides additional resources for further reading on the topic. [Extracted from the article]

This article presents guidelines on retirement planning for U.S. executives and businesspeople. Issues to contend with include: saving for college or retirement, assessment of personal finances, portfolio management, and information resources in Web sites and application software. INSETS: Should You Save for College or Retirement First?;Lowering Risk Via Asset Allocation;How Long Will Your Nest Egg Last?.

Prometheus Materials has a solution for replacing one of the biggest contributors of greenhouse gasses, Microsoft's financial backing and a plan to scale up quickly. [ABSTRACT FROM AUTHOR]

The article presents the discussion on focusing on Medicaid patients. Topics include value-based care being supposed for addressing the issues by rewarding providers doing well on cost and quality metrics; and practice factor in social determinants of health with the Medicaid population having physician involvement, clinical and nonclinical resources needed for providing patient care.

The 2024 federal budget in Canada proposed changes to the capital gains tax. The inclusion rate for capital gains will now be two-thirds instead of one-half for certain taxpayers. This change will affect individuals with an annual capital gain of more than $250,000, all corporations, and all trusts. The budget also introduced changes to capital gains from the sale of businesses and introduced a new Canadian Entrepreneurs' Incentive. It is worth considering selling assets before June 25th to avoid the higher inclusion rate, but individual circumstances should be taken into account. When it comes to splitting capital gains between spouses, it is possible to allocate the gains between both partners, but it depends on the ownership of the asset. The changes to the capital gains tax have raised questions and concerns among taxpayers. [Extracted from the article]

The 2024 federal budget in Canada introduces several changes that will impact Canadians' finances and taxes. Higher income earners will face tax changes, while renters and first-time home buyers will receive incentives. One notable change is the increase in the capital gains inclusion rate for corporations and trusts. The budget also includes measures to support small businesses, such as the Canada Carbon Rebate and the expansion of the Clean Energy Investment Tax Credit. Additionally, there are provisions for renters, including the use of rent payment history for credit assessments and the establishment of a Tenant Protection Fund. The budget also addresses mortgage amortization, the Home Buyers' Plan, and qualified investments for registered plans. Other areas covered in the budget include the National Pharmacare Plan, support for disabled Canadians, and changes to the CPP Death Benefit. Overall, the budget aims to provide fairness for every generation of Canadians, with a focus on housing and health. [Extracted from the article]

The article discusses the current state of the markets and draws parallels between the current economic boom and the Roaring '20s. It highlights various indicators of economic growth, such as high net worths, stock market highs, and increased economic activity. The article also discusses the success of Canada's first home savings account (FHSA) and the increasing popularity of stock investments among U.S. households. Additionally, it mentions the recent corporate restructuring of General Electric (GE) and 3M, with the aim of increasing long-term value. [Extracted from the article]

Although they are held to the same professional standards, CFP professionals have achieved a more advanced level of education compared to QAFP professionals, so they're able to tackle more complex financial planning scenarios. Jay Mallari, a QAFP™ professional and president of Cambria Financial Solutions in Burnaby, B.C., recalls working with a couple who had been in Canada for more than a decade and had rented all that time. FRED ZHOU'S CAREER as a financial planner has roots in his childhood. [Extracted from the article]

Ecobank Nigeria recently conducted financial education sessions for secondary school students as part of Global Money Week. The sessions focused on personal financial management, including savings, budgeting, and investment. The Managing Director of Ecobank Nigeria emphasized the importance of saving and recommended using a bank account for this purpose. The students also learned about different investment avenues such as stocks, bonds, and real estate. The sessions were part of the 11th edition of Global Money Week, which aims to inspire children and youth to learn about money and become confident economic citizens. [Extracted from the article]

The article offers information on money mistakes made by entrepreneurs. It mentions that entrepreneurs must stop trading time for money; getting more recognition and financial rewards; and making impact and higher income. It also mentions about finding a mentor who helps in financial planning and management.

The article discusses the future of wealth management and emphasizes the importance of adopting a niche approach. The author argues that specializing in serving a specific client group allows for superior service and deeper relationships. They highlight the benefits of focused decision-making, tailored product offerings, strategic alliances, and advanced technology infrastructure. The article concludes that the shift from a generalized to a specialized approach is necessary for the future of wealth management. [Extracted from the article]

(Bloomberg) -- In a quiet commercial strip in an upscale suburb of Nashville, there's a single-story brick building housing a company that may determine whether another billion-dollar taxpayer bailout of the coal industry is needed. The real measure of Indemnity is how it would hold up if companies that own the mines that Indemnity bonds went bankrupt at once. "We've seen that again and again in the extractive industries", he says, "where companies pass the buck to undercapitalized operators, who then quietly slip away in the night, and the states are left with the cost of cleaning up." David Wiley, chief executive officer of Indemnity's parent company, Kewa Financial Inc., disagrees. In 2017, after a run of coal bankruptcies, Wiley bought Indemnity, then a small independent firm, and began rushing into the gap. [Extracted from the article]