Ditch the 4 Percent Rule.  Here's How to Handle Your Retirement Withdrawals It might be time to scrap the 4% retirement rule, as it could be unsafe if there are large portfolio losses in the early years of retirement.  Here are three factors to weigh when developing a financial plan. To read the full article in CNBC, click: An Alternative to the 4% Rule. ...

The Benefits of Setting Up a Trusteed IRA Trusteed individual retirement accounts are not right for every circumstance, but they can provide additional control over assets.  For example, trusteed IRAs can help clients determine what happens to assets after the death of a beneficiary, which can be especially useful for clients who have been married multiple times.  Talk with your clients about trusteed and o ...

Greater Disruption and Change Awaits the Financial Services Industry FinTech, or financial technology, has disrupted the financing industry. The FinTech revolution has not only changed the financial services industry, but it has also changed specific sectors, including: retail banking, lending and financing, payments and transfers, wealth and asset management, markets and exchanges, insurance, and blockchai ...

Part II of II This is a two-part article. In this second part, the authors discuss valuation and the approaches used to value contingent assets and liabilities. Read Part I here. ...

Earnings season will get underway next week.  Banks should live up to their reputation as being boring albeit with pretty good results.  Loan growth looks as though it will be modest, but net interest margins should increase following the March and June rate hikes and the accompanying move higher in the London Interbank Offered Rate.  Jeff Davis, CFA, managing director of Mercer Capital’s Financial Institut ...

What to do With an Underperforming Life Insurance Policy Several options exist for handling a universal life insurance policy that is no longer serving a client's needs.  In this real-world example, four experts offer advice on what they would do with such a policy, with some of them recommending that the policy be surrendered. To read the full article in WealthManagement, click: Surrender a Universal Life ...

How well do you understand the foundational principles of an effective fraud risk management program?  Take this quiz and find out. To read the full article in Journal of Accountancy, click: What’s Your Fraud IQ? ...

Part I of II This is a two-part article. A variety of methods may be appropriate, depending on the context, to value contingent or disputed assets or claims in solvency opinions. These include probability discount, hindsight, and traditional valuation of future earnings. Other possibilities are the cost of insurance or Monte Carlo simulation. The authors discuss the cases and the uses and limitations of the ...

That Lands New Clients We have a large body of knowledge that teaches us how to do the work, but few resources that teach us how to get the work. And even as we acquire the technical skills that enable us to perform better valuations, we need to position ourselves with buyers of our valuation services so that we can land new clients and apply those skills. How (and where) do we learn that? In this article, ...

What to do when an IPO requires too much legal work and is subject to regulation and finding a venture capital partner takes too long and is full of unknowns?  Mint your own money, of course.  In this case, however, companies are minting digital coins rather than churning out physical objects. To read the full article in Mercer Capital's Financial Reporting Blog, click: Is an Initial Coin Offering a New Way ...

Social media does not have to be time-consuming.  Increase the effectiveness of your firm's social media outreach by connecting with the right people, posting different content on different social networks, and using an appropriate profile image. To read the full article in InvestmentNews, click: How to Achieve Social Media Success in 15 Minutes or Less. ...

A new survey reveals fake financial news is affecting Americans' ability to make retirement, investment and health care decisions.  Even worse, Americans feel that fake news will be more prevalent in the future.  The AICPA National CPA Financial Literacy Commission has tips to help keep Americans from falling into the fake news trap. To read the full article in AICPA Insights, click: 5 Tips to Help Identify ...

Focus on Value Management In this article, the author discusses the importance of using business value as the baseline driver of business performance and how we use it as a measurement of success. ...

About the Use of Monte Carlo Simulation A number of our colleagues have released updated valuation and damages guidebooks. Despite these newer versions, none of these guidebooks discuss the use of statistics, modeling of time series, ARIMA, or Monte Carlo simulation. In this article, the author describes how the use of Monte Carlo simulation is gaining acceptance. ...

In our most recent issue of Portfolio Valuation: Private Equity and Venture Capital Marks and Trends, we provide a brief digest and commentary of some of the most relevant market trends influencing the fair value of private equity and venture capital portfolio investments.  In this blog, there are key highlights covered in our Second Quarter 2017 newsletter. To read the full article in Mercer Capital's Fina ...

Estate Planning Missteps Create a Burden for Beneficiaries Mistakes such as failing to create an inventory of assets, having too many accounts or not including a see-through provision in a trust can complicate matters for beneficiaries who are left behind after a client dies.  Proactive planning can help simplify the situation for a client's loved ones. To read the full article in Kiplinger, click: Some of ...

Try this Tactic to Minimize Generation-Skipping Taxes Generation-skipping taxes and other issues can complicate the process of transferring wealth from one generation to another.  William Kriesel, CPA, PFS, explains how giving relatives a partnership interest in a family business can overcome some of these challenges. To read the full article in The CPA Journal, click: Accomplishing Estate Planning Goals th ...

Defining Rights and Establishing Control to Protect Your Firm and Clients In this article, the authors propose best practices used to establish acceptable use policies (AUP). These AUPs define rights and establish controls that protect the firm and client information. ...

and How Can You Make it Work for You? In this article, Dr. Frederiksen discusses branding and the value and importance of maintaining and creating a brand. ...

How to Retire in Your 30s or 40s The FIRE (Financial Independence, Retire Early) movement encourages people to save as much as half of their income in their early years so they can retire sooner and focus on other pursuits as they live off their investment portfolio.  Tom Anderson provides several retirement calculators and tools geared to the FIRE movement. To read the full article in CNBC, click: Use Thes ...