Advice

Fidelity® Q3 2023 Retirement Analysis: Workers Commit to the Long-Term While Navigating Uncertain Markets and Short-Term Challenges

Retrieved on: 
Monday, November 20, 2023
Women, Personal Finance, Baby Boomers, Men, Accounting, Professional Services, Consumer, Generation Z, Contract management, Gen, Workforce, Viewpoints, Hardship, Fidelity, Advice, Retirement, Growth, Workplace, Financial adviser, Bank, Nursing, Q2, Q3, IRA

The total number of IRA accounts rose to 14.6 million, an 11% leap over this time last year (Q3 2022).

Key Points: 
  • The total number of IRA accounts rose to 14.6 million, an 11% leap over this time last year (Q3 2022).
  • Across generations, Roth IRAs continue to be the preferred retail retirement savings vehicle, with 61.2% of all IRA contributions going to Roth.
  • “It’s impressive to see Gen Z entering the workforce and prioritizing retirement savings,” said Rita Assaf, head of Retirement Products.
  • Hardship withdrawals: In Q3, 2.3% of workers took hardship withdrawal, up from 1.8% in Q3 2022.

Let’s Hope Your Secret Santa is a Millennial: SoFi Checking & Saving Study Shows This Generation Spends $1,500 on Holiday Shopping

Retrieved on: 
Wednesday, November 1, 2023
Professional Services, Consumer, Women, Finance, Men, Banking, Baby boomers, St. Louis Fed Financial Stress Index, Holiday, Generation Z, Millennials, Advice, Doctor of Philosophy, Travel, SoFi, Woman, Wealth, Mental health, Tourism, Bank, Expedia

SoFi, the all-in-one digital personal finance company, conducted the second annual SoFi Spending & Saving Study2 to explore consumers' feelings and plans around their holiday shopping, charitable giving and travel this year.

Key Points: 
  • SoFi, the all-in-one digital personal finance company, conducted the second annual SoFi Spending & Saving Study2 to explore consumers' feelings and plans around their holiday shopping, charitable giving and travel this year.
  • It’s not surprising that Americans have reported finances to be their number one stressor this holiday season, and nearly half (45%) of Americans reported feeling stressed about how much they are expected to spend on holiday shopping.
  • SoFi Checking and Savings is striving to help simplify every step of the holiday planning process.
  • Research findings are based on an online survey conducted by SoFi Checking and Savings in the U.S. between September 27 –September 30, 2023.

California Water Service Group Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Water, Ageing, NYSE, California Water Service Group, ESG, Tax, Public utilities commission, Advice, News, California Public Utilities Commission, Ombudsman, ID, MCBA, IRMA, File, GRC, S&P Global Ratings, WRAM, Capital Mechanized Infantry Division, Depreciation, CPUC, Letter, Community service, Investment, California State Water Resources Control Board, ISS, California Department, Calendar, Newsweek, SAN, Public utility, Pharmaceutical industry, Cryptocurrency, Video game, Bank, Management, Renewable energy, Holding company

SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced net income attributable to Group of $34.4 million and diluted earnings per share of $0.60 for the quarter ended September 30, 2023, as compared to net income attributable to Group of $55.9 million and diluted earnings per share of $1.03 for the quarter ended September 30, 2022.

Key Points: 
  • SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Group”) today announced net income attributable to Group of $34.4 million and diluted earnings per share of $0.60 for the quarter ended September 30, 2023, as compared to net income attributable to Group of $55.9 million and diluted earnings per share of $1.03 for the quarter ended September 30, 2022.
  • Third quarter results primarily reflect the impact of the delayed proposed decision from the California Public Utilities Commission ("CPUC") on California Water Service Company’s (“Cal Water”) pending 2021 general rate case (“GRC”) to set new rates, rate design, and regulatory mechanisms.
  • Operating revenue was $255.0 million for the quarter ended September 30, 2023, compared to $266.3 million for the same period in 2022.
  • Water production costs increased $3.6 million, or 4.1%, to $92.3 million in 2023 compared to $88.7 million in 2022.

F2 Strategy Bolsters Leadership Team with the Appointment of Veteran Industry Leaders

Retrieved on: 
Thursday, October 12, 2023
Professional Services, Other Professional Services, Finance, Fintech, Consulting, Banking, Multimedia, Engineering, Acquisition, Thrivent, Organization, Advice, System, Boston Consulting Group, Principal, BCG, Growth, Benchmarking, CRM, Associate, Vanguard, EIR, Boston, Research, Financial services, Management, Residence

These appointments come on the heels of the strategic addition of industry veteran Laura Korbel as President earlier this year as F2 Strategy positions for further growth.

Key Points: 
  • These appointments come on the heels of the strategic addition of industry veteran Laura Korbel as President earlier this year as F2 Strategy positions for further growth.
  • “We are delighted to add these rockstars to our growing team,” said Doug Fritz , CEO and co-founder of F2 Strategy.
  • In addition to F2 Strategy’s deep bench of industry expertise, the firm also operates the largest confidential group of industry CTOs/COOs in North America.
  • Meeting at regular intervals to discuss important industry trends, this forum allows F2 Strategy to bring benchmarking and best practices from over 130 wealth firms into all client engagements.

Finally a Clear Choice for Financial Planning: The Advice-Only Network

Retrieved on: 
Tuesday, October 3, 2023
Advice, Teaching, Network, Multimedia, Investment, Premium, Financial adviser

HOUSTON, Oct. 3, 2023 /PRNewswire-PRWeb/ -- The Advice-Only Network is thrilled to offer two important services to help improve the financial services industry. By providing a free user-friendly directory for consumers, more people throughout the country are more easily able to connect with trusted Advice-Only financial advisors. Additionally, the Advice-Only Network is empowering these advisors with robust resources and comprehensive support, equipping them to grow their businesses effectively.

Key Points: 
  • HOUSTON, Oct. 3, 2023 /PRNewswire-PRWeb/ -- The Advice-Only Network is thrilled to offer two important services to help improve the financial services industry.
  • By providing a free user-friendly directory for consumers, more people throughout the country are more easily able to connect with trusted Advice-Only financial advisors.
  • Advice-Only Network financial advisors provide unbiased advice without making commissions or charging fees associated with taking over investment accounts.
  • For Advice-Only Network advisors, becoming a Premium Member of the Advice-Only Network offers numerous benefits.

Information Commissioner calls on public authorities to stop using spreadsheets in FOI responses

Retrieved on: 
Thursday, September 28, 2023
Advice, Checklist, Internet, Environmental Information Regulations 2004, EIR, ICO, Disclosure, Information privacy, Privacy, Data wrangling, Freedom of Information Act 2000, Freedom of information, PECR, FOIA, Freedom of Information Act, Risk, Telecommunications, United Kingdom, Scottish, FOI, Information commissioner, Data Protection Act 1998, Privacy and Electronic Communications (EC Directive) Regulations 2003, Cryptocurrency, Book, Information

The notice follows a number of recent high profile personal data breaches, where personal information was inadvertently included in spreadsheets that were shared as part of a FOI response.

Key Points: 
  • The notice follows a number of recent high profile personal data breaches, where personal information was inadvertently included in spreadsheets that were shared as part of a FOI response.
  • “It is imperative that robust measures are in place to protect personal information.
  • - The Freedom of Information Act 2000 covers any recorded information that is held by a public authority in England, Wales and Northern Ireland, and by UK-wide public authorities based in Scotland.
  • Information held by Scottish public authorities is covered by Scotland’s own Freedom of Information (Scotland) Act 2002.

STRATOS WEALTH HOLDINGS NAMES PHIL NUTTALL AS CHIEF OPERATING OFFICER

Retrieved on: 
Monday, August 28, 2023
Advice, HSBC, Partnership, Senior, LPL Financial, Capital One, Nuttall, Stratos, Citigroup, Growth, LPL, Management

BEACHWOOD, Ohio, Aug. 28, 2023 /PRNewswire/ -- Stratos Wealth Holdings (Stratos) today announced it has named Phil Nuttall as Chief Operating Officer effective immediately.

Key Points: 
  • BEACHWOOD, Ohio, Aug. 28, 2023 /PRNewswire/ -- Stratos Wealth Holdings (Stratos) today announced it has named Phil Nuttall as Chief Operating Officer effective immediately.
  • Nuttall joins Stratos with over a decade of wealth management executive experience.
  • With Phil, we are positioned to build upon our success and take full advantage of our position in the market."
  • Lou Camacho, who served as the firm's COO from 2020 to 2023, will now focus on the strategic expansion of Stratos Wealth Enterprises.

SJW Group Announces 2023 Second Quarter Financial Results and Declares Dividend

Retrieved on: 
Monday, July 31, 2023
Utilities, Energy, Tax, SJW, Interest, TWC, Acquisition, Investment, Public Utility Commission of Texas, Elm, ESG, NYSE, ISS, Maintenance, EV, GRC, Water, CPUC, San Antonio Water System, Elmridge, Water supply, Growth, Security (finance), San Antonio, CCN, Advice, Maine Public Utilities Commission, Bev, Certificate, COC, WCMA, California Public Utilities Commission, WCCM, Weather, Webcast, Depreciation, SIC, Cost of capital, WICA, PUCT, PFAS, File, Calendar, SJW Group, GHG, Ombudsman, Connecticut Public Television, Sale, Public expenditure, EPS, Public utilities commission, Rare-earth element, Renewable energy, Pharmaceutical industry, Cryptocurrency, Video game, Real estate, Maintenance (technical)

SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • SJW Group (NYSE: SJW) today reported financial results for the second quarter ended June 30, 2023.
  • As noted in the company's first quarter 2023 financial results, comparisons between 2023 and 2022 operating results are affected by and reflect the delay in San Jose Water Company's (SJWC) 2022 to 2024 general rate case (GRC) proceeding.
  • Operating revenue for the quarter ended June 30, 2023 was $156.9 million, up 5% compared to $149.0 million for the same quarter last year.
  • Operating expenses for the quarter ended June 30, 2023 were $125.7 million, up 3% compared to $122.6 million for the same quarter last year.

Advisor Group Welcomes Four Financial Advisors with $410 Million in AUA to the Firm

Retrieved on: 
Thursday, June 15, 2023
Advice, Marketing, Culture, St. Louis Fed Financial Stress Index, Long-term care, Risk management, Alliance Royale, Social Security, Advisor Group, Retirement, Practice management, Financial adviser, Management

PHOENIX, June 15, 2023 /PRNewswire/ -- Advisor Group, one of the nation's largest networks of independent wealth management firms, announced that John Amendola, Eric S. Owen, Michael Pugh and Steve Tanner have joined Capitol Financial Solutions, one of the largest groups affiliated with Royal Alliance. The four former Securian Financial Services advisors from Virginia and North Carolina, bring $410 million in client assets to the Advisor Group network.

Key Points: 
  • The four former Securian Financial Services advisors from Virginia and North Carolina, bring $410 million in client assets to the Advisor Group network.
  • "Capitol Financial Solutions has access to industry-leading software, powerful in-house marketing and practice management support, and a strong, compatible culture.
  • Robert Turner, President & CEO of Capitol Financial Solutions, welcomed the new advisors to his firm and said, "As soon as I met this group, I quickly knew they were the type of advisors we want in our firm.
  • I congratulate Robert and his team at Capitol Financial Solutions, as they continue to grow their firm as a wealth management powerhouse in the mid-Atlantic region."

Half of Business Owners Do Not Want Their Children to Inherit, Run Business

Retrieved on: 
Monday, June 5, 2023
Finance, Banking, Professional Services, Small Business, Family, Baby Boomers, Generation X, Consumer, Asset Management, Advice, Debt, Gen, Parent, Investment management, Ageing, Bank, Interstate Insurance Product Regulation Commission, Wells Fargo, Toy, Creative industries, Tutoring

Operating your own business is considered an “American Dream” by many, yet when it comes to succession planning, half (52%) of business owners do not want their children to inherit and run the business, according to a recent Wells Fargo study.

Key Points: 
  • Operating your own business is considered an “American Dream” by many, yet when it comes to succession planning, half (52%) of business owners do not want their children to inherit and run the business, according to a recent Wells Fargo study.
  • “More parents are recognizing their children simply are not interested in joining the family business and are not pressuring them to do so.
  • Knowing what your children are interested in and where their strengths lie is key to effective succession planning.”
    Among parents, nearly all (94%) want their children to forge their own path, rather than follow in their footsteps.
  • Most wealth creators help their adult children financially in multiple areas: