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Big takeaway for Build Back Better: ‘lack of change’ for wealthy Americans’ taxes

Financial advisors and their clients have waited for tax hikes from Build Back Better. But the bill didn't include the reforms many feared.

3 years ago

With millennials poised to inherit $68 trillion, financial advisors can take these steps to attract younger clients

Adults ages 25 to 40 are on the brink of accumulating a large amount of assets. Advisors who "understand their why" can successfully attract their business.

3 years ago

Industry warns Congress the U.S. risks ‘chilling’ regulations on crypto

Reuters | Pete Schroeder and Katanga Johnson | Dec 8, 2021 WASHINGTON, Dec 8 (Reuters) - Top executives from six cryptocurrency firms told Congress on Wednesday to tread lightly in imposing new rules on digital assets - or risk sending activity underground or outside the United States. At the hearing at the U.S. House Financial


The post Industry warns Congress the U.S. risks ‘chilling’ regulations on crypto first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

Cybersecurity can pose a risk in more than one way for financial advisors

While keeping client data safe should be a priority for advisors, cyber attacks also could affect the investments they make on behalf of their clients.

3 years ago

These states offer a workaround for the SALT deduction cap

As Congress wrestles over changes to the SALT cap, nearly 20 states now offer workarounds for pass-through businesses. Here’s what filers need to know.

3 years ago

Blockchain Vulnerabilities, Forensics And Legal Challenges

McCarthy Tetrault | Barry B. Sookman | Nov 19, 2021 It is often assumed that blockchain based digital currencies and applications are safe and secure. In fact, blockchain ecosystems including cryptocurrencies such as bitcoin and Ether, smart contracts that power a plethora of transactions, and blockchain exchanges have many vulnerabilities. Like many other financial systems,


The post Blockchain Vulnerabilities, Forensics And Legal Challenges first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

When it comes to a will or estate plan, don't just set it and forget it. You need to keep them updated

There are various life events that should spur a review of your will and other end-of-life planning documents.

3 years ago

BoC: Retail Payments Supervision Meeting Summaries for registration, governance and fees

Bank of Canada | Dec 7, 2021 October summary The Retail Payments Advisory Committee (RPAC) met on October 18 and 20, 2021, to discuss elements of the registration process, record keeping, annual reporting and information requests. Participants were invited to comment on: information collected at registration and published to the registry record retention triggers and


The post BoC: Retail Payments Supervision Meeting Summaries for registration, governance and fees first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

Space infrastructure company Loft Orbital raises $140 million from BlackRock and others

Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding that was led by investment behemoth BlackRock.

3 years ago

RBC Research: Preparing for Hyperdrive – Themes that will define our new future

RBC Wealth Management Research | Dec 7, 2021 Get ready for accelerated disruption. As we think forward to the future, progress will be faster than it has ever been and it will not be linear. Just as we did in our Landmark 2018 Imagine Report, in this thought leadership study we have taken a global,


The post RBC Research: Preparing for Hyperdrive – Themes that will define our new future first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

'The time for procrastination is over.' How one Democratic lawmaker wants to fix Social Security

A Congressional bill aims to boost Social Security benefits through higher payroll taxes for the wealthy. Here's a rundown of the plan.

3 years ago

Know Your Customer – and your Obligations – in the age of Real-Time Rails and Open Banking

MinervaAI.io | Jennifer Arnold and Charlene Sebastian | Dec 7, 2021 Canada’s innovation landscape is evolving like never before. With Payments Modernization, Open Banking, and the approval of Canada’s first crypto-asset custodian, Canadian regulators are also stepping up to the plate, ensuring protection for consumers. This means constant and rapid adjustment of regulatory frameworks to


The post Know Your Customer – and your Obligations – in the age of Real-Time Rails and Open Banking first appeared on National Crowdfunding & Fintech Association of Canada.

3 years ago

Op-ed: Here are some smart tax moves to consider before Dec. 31

Questions remain how much of any new tax burden will be imposed by year's end. There are, however, effective tax strategies that can be implemented now.

3 years ago

The latest sign of President Biden's inflation politics problem comes from Main Street

Small business owners are more worried about inflation and President Biden's approval rating is dropping among entrepreneurs, and not just the Republicans.

3 years ago

Cramer says stock market comeback fueled by scramble to get back in after omicron overreaction

The omicron concerns were so severe that "you have this moment where people realize, 'Wow, we really got oversold. What can I get in?'" CNBC's Jim Cramer said.

3 years ago