While the financial advice industry has transformed in many ways over the past several decades, one aspect that has remained relatively constant is the use of the Assets Under Management (AUM) fee model as a common way for many advisors to get paid. Though in practice, while a 1% AUM fee is a common ‘starting … Read more
Since the Tax Cuts & Jobs Act (TJCA) was passed in 2017, few households have been subject to the Alternative Minimum Tax (AMT), which TCJA restructured so that it applied mainly to a select number of upper-income households. But with the anticipated sunset of TCJA in 2026 and the reversion to the pre-2018 AMT rules, … Read more
Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month’s edition kicks off with the news that digital estate planning platform Wealth.com has raised … Read more
Unbiased, licensed insurance coverage supervisor, Polo Insurance coverage Managers (PIM), presents optionality and a novel proposition, offering impartial skilled administration providers to ILS, Industrial and Captive purchasers, Chief Govt Officer (CEO) Mark Elliott advised Artemis at this yr’s RVS in Monte Carlo.Guernsey based mostly PIM specialises within the creation and administration of insurance coverage and … Read more
A cornerstone service that many monetary advisors present is training. Whereas strategic recommendation is essential, advisors additionally face the problem of presenting the methods to shoppers in context, explaining completely different monetary planning ideas, and exhibiting shoppers implement these methods (in addition to mentioning any long-term penalties). Whereas curious, proactive shoppers who’re able to be … Read more