In our last post (part 1) we discussed why multitasking is counterproductive and can lead to errors and diminished client confidence.  In this post, we’ll explore five practical steps to help you avoid or minimize multitasking and regain control of your focus. By implementing these steps into your routine, you will enjoy a more productive […]

  In today’s fast-paced world, multitasking has become a badge of honor for many individuals. The ability to juggle multiple tasks simultaneously is often praised as a key skill in our modern, interconnected society. However, the reality is that multitasking may not be the productivity powerhouse it’s cracked up to be. In this blog post,

December may be best known for holiday cheer and time with friends and family but it’s also Required Minimum Distribution planning time, and all the complexities that come with it.  One of the most common, yet often  overlooked mistakes lies within the IRS rules around Required Minimum Distributions (RMDs) for IRA owners whose spouses are

In the wake of the recent TD-Schwab merger  on September 5th, a meaningful issue has come to light for clients with IRAs, specifically concerning Required Minimum Distribution (RMD) records not seamlessly transitioning to Schwab’s platform. This InvestmentNews Article highlights it well.  This oversight serves as a stark reminder of the crucial role that well-established processes

As a firm grows so do the sources of a Financial Advisor’s E&O liability, and often the risk is created by changes in regulations forced upon them.  The IRS’s recently changed Required Minimum Distributions (RMDs)rules have resulted in a recent surge in articles, (such as these)  highlighting the complexities and forcing financial advisors to spend

IRS 2024 Contribution Limits Released. The Internal Revenue has released the 2024 contribution limits for qualified plans.  Notice 2023-75 contains the full text. You may also download our print and post summary. 2024IRSLimits   The Employee Training and Development Partner for Independent Financial Advisory Firms [wpforms id

Experience or Skills, which should you focus on when hiring? In the world of financial advisory firms, the conventional wisdom has often been to seek applicants with extensive industry experience. However, it’s time to challenge this age-old notion and consider a new perspective. Instead of placing the sole emphasis on industry experience, financial advisory firms

Imagine one of your top clients unexpectedly visits your office during your vacation in Fiji, questioning their financial statements. This situation prompts two key questions:  How does your staff handle the inquiry? This question reflects your confidence in your team’s capabilities. Are they equipped to effectively address an unplanned interaction with a crucial client? Will