Financial Planning

News & Analysis as of

Compulsory examinations for financial planners on the horizon

ASIC has used its opening address to the Parliamentary Joint Committee on Corporations and Financial Services to advocate for compulsory examination of financial planners. ...more

Financial problems? Use leverage, not muscle.

Most of us try to "muscle through" financial problems before we realize it just isn't working and we need another plan, one with leverage....more

Financial affairs structure dodges a “related entities” exclusion

The Queensland Supreme Court recently delivered a judgement demonstrating how an exclusion intended to exclude claims from which the Insured may benefit directly or indirectly did not do its work due to the way in which the...more

CFPB issues second Financial Literacy Annual Report

The CFPB has issued its second Financial Literacy Annual Report to Congress. The report covers the CFPB’s activities to improve consumer financial literacy during the period from June 2013 through May 2014. The report’s...more

Transition Planning: Key Steps for a Successful Exit From a Closely Held Business

Executives of closely held and family-owned businesses are often so focused on running their businesses that they do not plan for the inevitable — the transition of ownership and/or leadership. It is not a question of “if ”...more

Federal Reserve Board Paper Reviews Large Bank Capital Planning

On August 19, the Federal Reserve Board released a paper that details its expectations for internal capital planning at large bank holding companies and describes the range of practices the Board has observed during the...more

CFPB proposes new information collections

The CFPB has proposed a new generic information collection clearance for its consumer complaint system and a new information collection related to its financial literacy initiatives....more

So You Want To Be A 401(k) Financial Advisor?

Whether you are financial advisor who is not in the 401(k) business and wants to be in it or you’re the financial advisor who wants to dramatically increase their small book of business, this is the perfect time. With...more

529 Plans–Not Always The Best Alternative

Section 529 plans offer many advantages in regard to funding education....more

The Ubiquity of Retirement Planning

Advice on retirement planning is being offered by many entities and forms of media these days. Those of us in the early baby boom generation are bombarded by offers to have dinner and listen to lectures as to how to invest...more

Financial Services – Update on UK and European Regulatory Developments

In this issue: Part A – Regulation of Financial Markets Part B – Regulation of Investment Management Part C – Regulation of Investment Funds Part D – Other Developments Appendix: Regulatory Calendar – Key...more

Downsizing Your Home for Retirement

If your kids are grown and you are still living in a large, empty nest, downsizing is a natural consideration, especially when the kids and grandkids don’t stay overnight on a regular basis. Downsizing before retirement is a...more

Applications Outsourcing Pricing - Part 3

As noted in our previous blog postings on the subject (Applications Outsourcing Pricing - Part 1 and Applications Outsourcing Pricing - Part 2), the most prevalent model for pricing applications outsourcing services involves...more

Planning Your Estate

The basic goals of estate planning are to dispose of your property in accordance with your wishes and to avoid unnecessary taxes and expenses....more

Financial Services in 2013 and Beyond: Adapting to the New Regulatory Climate

The enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act,” or “Dodd-Frank”) in 2010 was a watershed moment in the history of U.S. financial services regulation. As we move through 2013...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 19, 2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - Excerpt from Consumer...more

What You Can Do with a Prenuptial Agreement

While the words prenuptial agreement can kill that pre-marriage romance, a prenup is smart financial planning. It is perhaps better thought of as a safety belt — when you ride in a car you don’t expect to get into an...more

CFPB Partners With New York City To Build Local Consumer Protection Capacity Nationwide

On April 2, the CFPB and New York City Mayor Michael Bloomberg announced a partnership between those entities and the Mayor’s Cities for Financial Empowerment Fund (CFE Fund) to help cities around the country “enhance their...more

CFPB seeking information on strategies to build financial capabilities for veterans and other special groups

The CFPB is looking for responses by April 12 to two Requests for Information it has filed seeking information on how to build financial capabilities for people with disabilities, veterans in transition, and people who are...more

The “Real” Role of a 401(k) Plan Financial Advisor

Over time, there are so many full time positions in the workforce that are as obsolete as the Atari 2600 in my garage. Many people remember the milkman or the diaper man who made deliveries or the woman who worked the...more

Home Is Where You Hang Your Hat: The Significance of Domicile Planning

A debtor, regardless of state residence, can seek protection from his or her creditors in the federal bankruptcy courts. However, the state in which the debtor resides or, more accurately, is "domiciled," will determine which...more

When Athletes Retire, Is the Next Step Bankruptcy or Paradise?

The "paradise" stories for the post-playing careers of professional athletes are without a doubt under told. The success of Roger Staubach in building a real estate empire, the multiple businesses of NBA all-stars Magic...more

Money, Money, Money: The Heart of Grey Divorce

Grey divorce is a term referring to the demographic trend of an increasing divorce rate for older (“grey-haired”) couples who often have been married for many years. A very public example of this was Tipper and Al Gore’s 2010...more

Property Tax Data Can Aid School Districts In Budgeting And Levying

There are a number of little known sources of data that can assist school districts in their financial planning and public relations efforts. This information is available from local officials and State agencies as well as...more

Ways to Attract Islamic Compliant Investors to Funds and Products

In This Presentation: - The demographics - Islamic asset management industry - Islamic fund sizes - Islamic fund composition - What is Shariah? - Shariah terms - Industry...more

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