Daria Victorov, CFP®, and John Eing, CPA, CFP®, of Abacus Wealth Partners have made a commitment to growing diversity, equity and inclusion at their firm because they believe it boosts business and positions them better for future success. The pair sat down with Rianka R. Dorsainvil, CFP® professional and host of 2050 TrailBlazers, a podcast aimed at addressing diversity in the financial planning profession, to discuss how their initiatives are working and some of the challenges they have faced.
Bryce Sanders of Perceptive Business Solutions offers eight New Year’s resolutions to help financial advisers strengthen client relationships in 2020. Among them are to review every relationship, schedule at least one face-to-face meeting and ask about any changes in their lives.
Even a comfortable retirement can be derailed by unforeseen costs. Here are some of these surprise costs that can break the best of budgets.
Married couples need to think as a team when it comes to saving and budgeting for the future, experts say. This includes coordinating retirement savings, maximizing Social Security benefits, choosing the right health care options and lowering tax bills.
The US House of Representatives passed an anti-money laundering reform bill in 2019 and the Senate is expected to take up its own version in 2020. The Consumer Financial Protection Bureau will continue to be a focus for the House Financial Services Committee, said Chairman Maxine Waters, R-Calif., while the Senate could possibly discuss a pot banking bill.
The Securities and Exchange Commission and the Public Company Accounting Oversight Board plan to focus on audit quality this year. The PCAOB plans to propose rules that would govern audit firms’ approach to quality control and would create a permanent program for inspections of broker-dealers, while the SEC reportedly aims to further ease rules on auditor independence.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.