The accounting world is shifting. More accountants are moving away from traditional compliance and tax to a more advisory role. What’s causing this shift? Technological advancements: Automation helps accountants get more done, faster and with greater precision. Changes in client demands: More clients expect their accountants to offer advisory services. They want to work with…
Category: Financial
Financial planning tools can help increased competition for students
Key points: Declining student numbers, devalued degrees, lower retention rates, and affordability concerns continue to reshape the higher education landscape and increase competition among universities. Uncertainty about future enrollment levels creates significant financial challenges for institutions that historically have relied heavily on tuition revenue. In fact, a recent survey showed that 81% of university leaders…
Creative Planning Closes on Acquisition of Goldman Sachs PFM
Creative Planning, the Overland Park, Kan.-based registered investment advisor run by CEO Peter Mallouk, closed on its acquisition of Goldman Sachs’ Personal Financial Management unit Friday morning. The terms of the deal were not disclosed. Mallouk said he will revive the United Capital name, and the business will operate as a wholly-owned, independent entity of…
The Rise of the “Indeployee” Model in Financial Advice
I embarked on my career in this industry almost three decades ago, working with what was then the up-and-coming RIA custody organization known as Charles Schwab Institutional. Now known as Schwab Advisor Services, the custodian has become synonymous with the independent advisor model with over 7,000 RIAs and $3.5 trillion in assets. Back in 1995,…
How Total Experience Can Transform The Financial Services Sector
Monica Hovsepian is the Global Financial Services Lead at OpenText. getty We’ve long been in a time of constant change, both economically and socially, following the emergence of the internet. However, in 2019, the global pandemic upended lives and livelihoods across the globe, forcing consumers and businesses to adopt digitally driven behaviors. Ultimately, the pandemic…
The American College of Financial Services to launch online learning and CE plat…
The American College of Financial Services is giving advisors and planners a new way to further their education online. On Tuesday, the nonprofit organization announced Knowledge Hub+, a learning platform that curates insights from a crew of well-known industry leaders, and attempts to roll that knowledge into a dynamic, digital learning experience. Launching in January,…
Creative Planning Acquires Mesirow’s Retirement Services Business
Creative Planning, the Kansas City, Kan.–based independent registered investment advisor run by founder and CEO Peter Mallouk, has acquired Mesirow’s corporate retirement advisory services business, adding over 350 retirement plans and about $13 billion in assets under advisement and management to the RIA’s existing retirement business. Mesirow’s team is led by David Dermenjian, Chris Pohlman,…
Creative Planning Acquires Mesirow’s Retirement Advisory Business
Creative Planning LLC, the registered investment advisory and retirement plan services firm, announced Tuesday it has acquired Mesirow Financial Inc.’s retirement plan advisory division. The firms did not disclose terms of the deal. The deal will bring to Creative Planning more than 350 retirement plans and $13 billion in assets under advisement and management, according…