Advisors’ Top Priority? Growth Trumps Tech!

A recent Scottrade advisor survey finds that regardless of size, RIAs would invest first in growing their firms, followed by tech. http://www.thinkadvisor.com/2015/12/03/advisors-top-priority-growth-trumps-tech-scottrade?   Those were the key findings of the 2015 Scottrade Advisor Services Study, which in August surveyed 373 RIAs online with at least $10 million in assets under management, asking where they would spend an “extra dollar” in their businesses. "Growth" was chosen by 38% of respondents and investing in technology by 25%, followed by 13% who would...

More

How to Get the Best Advisor Tech Tools

IMAGE: Dhaval Parmar / Unsplash Financial advisor tech is more important today than ever before for achieving success.  Technology tools can help advisory firms to attract more of the right clients, improve operational efficiency, provide important services and enhance client interactions.  However, these tools need to be selected and implemented properly to achieve the expected results. Advisory firms should start by understanding the applications that address their essential business needs.  There are lots of different tools including ones for customer relationship management,...

More

Year-End Tax Planning for Executives

By Bill Briggs, Net Worth Strategies, Inc. This article illustrates the value of doing a comprehensive year-end equity compensation tax planning analysis for executives using StockOpter Pro. The following case analyzes if it is advantageous to sell shares in a concentrated employer stock position at the end of the current year versus the beginning of the next year. *Note: Although the sample shown below compares tax years 2014 and 2015, StockOpter Pro has been updated for the Tax Cuts & Jobs...

More

Equity Compensation Advisor Info: December 2015

IMAGE: Ali Morshedlou / Unsplash Five Things For Employees to Review Before Year End:  There are certain employee benefit related actions that should be reviewed and possibly changed periodically, if not annually. Richard Friedman from the Ayco Company points out his “top five” year end reminders, which incorporate mistakes he has seen all levels of employees make – from the recently hired employee to long-term senior executives. Year End Equity Compensation Planning Tips:  Start with a framework for having a year-end discussion with...

More