post to display on the public homepage.
On June 5, the Paycheck Protection Flexibility Act was signed into law improving the opportunity for many small businesses to benefit from the forgiveness provisions of the Paycheck Protection Program (PPP). The most notable provision of this new legislation increases the covered period for loan forgiveness from eight weeks to 24 weeks, providing borrowers more…
By Clive Slovin, courtesy of WealthManagement.com The ongoing economic, health and financial market calamity has altered life for nearly every American. We’re in uncharted territory and never have advisors had to contend with a situation quite like this, not even during the financial crisis. At the same time, if anyone can navigate these drastic changes,…
In the Financial Services industry, it has long been thought that client satisfaction should be above everything else. After all, your clients are the reason you are in business. However, sometimes you can focus too much on your clients and not enough time thinking about employees or workplace culture. This tunnel vision can lead to…
On May 13, the SBA issued additional guidance expanding the terms of the safe harbor in advance of the proposed Safe Harbor Deadline of May 14. Having completed the application for a PPP loan, borrowers have already certified that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”…
While guidance and commentary regarding the PPP continue to come from the Small Business Association (SBA) as well as the securities regulators, we wanted to share information on three issues affecting our industry. Good Faith Certification and Safe Harbor The SBA has expanded on the good faith certification language that was part of the PPP…
Financial advice and planning have never been more critical. With the market in a volatile state, it is more important than ever that you maintain a strong relationship with your clients – even through virtual communication. Engaging with clients and potential clients during a crisis involves maneuvering through different virtual and remote tools. In this…
Written by Randy Gold, EVP and CFO of SFA Holdings Note: At the time of this posting, the nearly $350 billion initially allocated to the PPP had been fully allocated to businesses and agreement had just been reached for a second allotment. These are unprecedented times, and like nearly all Americans, many within the SFA…
Thought leadership is achieved when an individual or business is recognized as an authority in a specialized field. As an advisor in the financial industry, it is crucial that you are viewed as an expert in your field. But how do you convey your expertise to potential new clients? Thought leadership marketing is one answer.…
Financial conversations often spark powerful emotions. While a client may come to an advisor for financial advice, many times advisors and clients end up having deep “counseling-like” sessions. In some cases, a financial advisor may be the only person with whom the client talks about his or her finances. Talking about money is often difficult,…
As the number of financial planners continues to grow, it is important to distinguish your practice from among the herd. Financial advisors must establish a niche to truly differentiate themselves and serve clients within those niches. With the market of available clients expanding it is impossible to serve every prospective client well. Establishing a niche…