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4 Important Things to Know About Fiduciary Financial Planners

When it comes to managing your money, your financial needs must come first. You want to be confident that any financial advice you receive presents the best options for you. Considering your goals, risk tolerance, and unique circumstances.
If you are working with a financial planner, how do you make sure they have your best interest in mind? By focusing on this important word: fiduciary.

Who is a fiduciary?

A fiduciary is someone who advises another person . And they always put that person’s best interest ahead of his or her own. If, for example, a financial planner is evaluating two investment options for a client. A more expensive, high-commission product and a lower cost, no-commission fund — they would be required to recommend the less expensive fund, assuming the two options are otherwise equal.

CERTIFIED FINANCIAL PLANNERTM

Not all financial advisors act in their clients’ best interests. but CERTIFIED FINANCIAL PLANNERTM professionals are. In fact, acting as a fiduciary — at all times — when providing financial advice is an obligation of CFP® professionals’ certification.

Essentials to keep in mind


Here are four other things to know about fiduciary financial advisors:
1. The highest standard in terms of advisory only lies with professionals . Advisors who are not fiduciaries are held to the lower suitability standard, which requires only that their recommendations are suitable for a client. That means the advisor could recommend financial options that are not necessarily in your best interest (such as the pricier, high-commission investment product in the example above).

Trust and Fiduciary Services: Questions to Consider | CFA Institute  Enterprising Investor


2. Fiduciary financial planners must fully disclose any potential or existing conflicts of interest that could affect their recommendations.
3. Financial planners must also disclose their compensation method upfront. This means you will always know if the financial advisor is paid through fees only or if some or all their compensation is tied to a specific product or recommendation.
4. If a financial planner practicing as a fiduciary does not act in your best interest, they may have their professional certifications and licenses revoked or face legal penalties, among other consequences.

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Money management for kids pays off in adulthood

The benefits of understanding finances at a young age will contribute to children’s economic success at all stages of life. So it is never too early to start teaching them about smart money management. “By providing our children with firsthand experience in earning, saving, and spending money, eventually they are more likely to develop a savvy sensibility. And the framework necessary to manage their personal finances as adults,” says Marguerite Cheng. Perhaps a certified financial planner professional and mom of three.

Benefits of early financial planning

Make money management a family affair. Get the whole family involved in financial planning. Talk to your kids about how they think money should be spent. Such as saving for college, taking vacations, or dining out. Also by telling how to balance short-term indulgences and long-term financial planning goals.- Model smart spending. Let your kids know how you spend and save on a daily basis.

The Basics of Money Management | Cleverism
Day to day examples

Take them to the grocery store and explain saving money with coupons and sales, and how monthly expenses such as Internet and phone bills, as well as water and electricity, are part of a household budget. Explain how turning off lights saves money, as does making turkey soup for dinner with leftovers after Thanksgiving.- Let kids earn money. While not all parents approve of allowances, consider giving your child the opportunity to handle his or her own money, whether it is a regular allowance, small stipend, or money gifts from relatives for a birthday or special occasion.- Establish a savings plan. Open a savings account for children. Show them statements and explain how money grows. Older children can have access to accounts to make deposits and withdrawals for food, clothes, games, and activities with friends. Kids may make some mistakes, but avoid the urge to rescue them.

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4 reasons to have a well built website

Having a website for your business serves many purposes. One of the key factors is to ensure that you have a well built website which is systematic. Here are 4 reasons why you should have a well built website:

A site is more reasonable than customary publicizing: 

Numerous independent ventures depend on Yellow Page promotions and postings to get their name out there. Nobody is going to instruct them to expel their postings, however, is buying an advertisement in the regularly contracting and progressively costly index the best utilization of assets? Eventually site expenses are diminishing each year and have a more extensive reach.

A well built site is simpler to stay up with the latest: 

On the off chance that you attempted a site years back, you may have some awful recollections from the experience. It likely took weeks or months for a designer to fabricate it, and after that, you couldn’t roll out any improvements yourself. Straightforward things like refreshing store hours could take everlastingly, so your data was obsolete.

Today it couldn’t be increasingly unique. With Jimdo, you should simply sign in to your site and snap on the part you’d like to change. You’ll have the option to alter content, including photographs, or change portions of your structure. Making updates is so natural, you can even do it from your telephone through our iOS and Android Apps.

23 of the Best Website Homepage Design Examples
You can discover existing and potential clients:

Not exclusively are these individuals can see your site, yet they can likewise collaborate with you through it. Utilizing email, contact structures, visitor books, and visit applications, you can converse with clients from the opposite side of the globe, get input about your new items and benefits, or even ship orders a large number of miles away. Furthermore, individuals may go to your site from every single better place, utilizing web crawlers or Google Maps.

A business site makes everything fair: 

Even though the financial limits and venture degrees change, there is no genuine contrast between the site of a Fortune 500 organization and that of a specialist working from the lounge chair in their front room. A spotless and expert looking site evens the odds as you can introduce yourself and your organization any way that you like. On the off chance that your organization can help address the issues of a client, for what reason do they have to know whether your group is 3 individuals or 300?

Does my business need a site in case I’m via web-based networking media? 
Bunches of entrepreneurs accept that having an internet-based life profile for their business is sufficient. Possibly you as of now have a Facebook page and some truly great surveys via web-based networking media 

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Why Do We Need a Website for Business?

In studies, numerous entrepreneurs state they don’t have the right stuff. Or the time, or the cash to assemble a business website. Yet, an amazing number say that their business needn’t bother with a site. Either because it’s not required. Or because they utilize web-based life.

That is the reason this post is going to take a gander at some particular reasons why your independent venture ought to have its site. 

Reasons to consider

Presently like never before, your clients hope to have the option to discover data about your organization on the web. Truth be told, most shoppers currently inquire about online before they make a buy. Regardless of whether it’s to purchase something from their nearby shop. On the off chance that you don’t have a website, you’re communicating something specific that your business is stuck in the Dark Ages. Or that you’re not keen on finding new clients—and neither of these is messages that you most likely need to send.

10 Best Website Builders For Small Business Compared (Pros and Cons)

They needn’t bother with a great deal of data or a convoluted, multi-page reference book about you. Only a couple of basic pages are normally all that anyone could need. As long as it has fundamental data that is custom-made to their needs and simple to discover. Also, above all, it ought to be precise and state-of-the-art. Since outdated data is one of the individuals’ top annoyances with regards to utilizing nearby business sites.

You can control data and mark:

Client audits and remarks are extraordinary, yet shouldn’t you have the last say about what data about your organization is exhibited to the general population? Having a site for your organization right away makes an official nearness on the web with the goal that you don’t need to rely upon others representing you. Furthermore, you can make it look precisely how you need, with your logo, hues, and text styles.

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Diverse Financial Planners Expand Financial Empowerment

Research repeatedly shows that a diverse workforce is good for business. Employees’ varied backgrounds and perspectives help companies propel innovation and drive into financial planning. Attract new customers, and drive higher profits. But workforce diversity also has an important impact on a business’ customers.

Financial disparities

The financial planning profession provides one example. The demographic makeup of the United States eventually is changing, with Hispanic, people of color and Asian populations continuing to grow. Despite persisting wealth gaps that affect many minority communities, median earnings and purchasing power among these populations are also growing.

Although these groups are accumulating wealth, they are less likely than white families to work with a planner. About 28% of Black households and 17% of Hispanic households use a planner to help them reach their financial goals. Compared to 31% of white households. According to the RAND Corporation, Hispanics and people of color are also less confident in their ability to meet unexpected. These can be short-term expenses or long-term financial goals.
The RAND research suggests a large population of these individuals could benefit from planning advice. One challenge is that the current planner demographic makeup of the financial planning profession does not reflect the demographic makeup of the U.S. population: At the end of 2019, only about 4% of more than 87,000 CERTIFIED FINANCIAL PLANNERTM professionals are from the minority community.

The Top Five Financial Planning Challenges of Entrepreneurial Executives In  the Healthcare And Technology Industries - New Bridge Wealth Management
The need of planning

Diversifying the talent pipeline is an opportunity and a prudent approach for financial planning businesses,” said Center Managing Director D.A. Abrams, CAE. “We are successfully working with many firms who want the industry to reflect our nation’s shifting demographics. And respond to the increasing purchasing power of people of color.”
Abrams sees potential value of like-to-like messages in reaching people in diverse communities. Different groups have different ways of thinking and communicating about money. Some prospective financial planners of color interviewed by the Center explained their families emphasized just getting by versus saving or investing, while in other families, talking about money was taboo. Shared backgrounds and mutual understanding can help financial advisors overcome these cultural challenges and encourage potential clients to shift their thinking.

Diverse financial planners also help raise awareness of planning. Both as a service and a career opportunity and within their own communities. Many play an active role in promoting the financial planning profession by participating in community events. Visiting parent meetings at local schools, or leading workshops or other educational programming at community centers. They also serve as mentors and role models to younger students who may wish to study and join the financial planning profession.
Recognizing these challenges and opportunities, the Center hosts an annual Diversity Summit to provide a platform for discussing initiatives that can advance diversity in the planning profession. 

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Financial Planning Organization Promotes Diversity

The financial planning profession is among many fields that recognize the value of increased diversity and inclusion in its ranks. The CFP Board Center for Financial Planning is a nonprofit organization. Dedicated to supporting professional standards in personal financial planning. Eventually it offered its annual Diversity Summit on November 18-20, 2020, held in a virtual format.
Accordingly the goal of the Diversity Summit is to explore “actionable solutions to advance diversity in financial planning,”. According to the website. Consequently this year’s theme of Sustainability reflects the importance of long-term diversity. And inclusion programs in financial planning education and in the workplace.

All about the fair

CFP Board is strongly committed to expanding and sustaining diversity. It focuses on the financial planning profession. And those it serves to better align with the U.S. population.”
The Summit agenda includes the release of a new report on case studies. Particularly of successful diversity and inclusion initiatives in the financial planning profession. Eventually attendees can discuss these studies. They can also explore the successes and challenges. Moreover give a practical approach to the studies.
Other key events include “CFP® Pro Talks,” with personal reflections from CFP® professionals of color,. A executive roundtable of leaders in financial planning firms. And discussions of specific recommendations that firms can apply immediately to improve their diversity and inclusion initiatives.

Financial Lifestyle Planning | United Advisers Group
A highlight of the summit

A highlight of the summit is the Virtual Career Fair. Although not the same as in-person networking, the Summit organizers have adapted to the Covid-19 pandemic situation and designed a forum in which certified financial planner candidates who are women and people of color have opportunities to connect with employers, experienced CFP® professionals, fellow students, and potential mentors. The Career Fair occurs on November 20 and requires a separate online registration from the Diversity Summit, but with no charge to attend.


The target audience for the CFP Board Diversity Summit is financial planning professionals and students who are working to become certified financial planners, as well as individuals who are considering careers in financial planning. The audience also includes executives, diversity and inclusion professionals, and recruiters from financial services firms. Program directors from colleges and universities with financial planning programs can benefit from the summit topics to help support their goals for greater diversity and inclusion in academic programs

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Why is e-surveillance important?

Keeping in mind the purpose of effective surveillance. Businesses should aim to adhere to get the maximum return on investment that eventually they’ve made in their e-surveillance service. Here are the three most significant e-surveillance best practices today.

Remote monitoring

E-surveillance makes it possible for enterprises to monitor activities outside and inside of the office premises at the same time; regardless of the geographical locations. Viewing the video feed is really easy. The operators sitting in the central control room can keep an eye on the business activities throughout. Irrespective of the number of stores, sub-units, branches, etc. Having a remote video surveillance service in place allows businesses to provide instructions or issue notifications in real-time to the employees or guards in a different location. In case, of any suspicious actions, without being physically present at that location.

It saves money on hiring, transport, and enables easy decentralized management. Simply, strategically installing CCTV cameras across all branches, warehouses, and retail stores can benefit to gain business insights. It not only safeguards your commercial property and employees but also becomes a catalyst in managing your business operations.

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Around-the-clock live monitoring

Once you install e-surveillance at your office, you need to hire employees who can sincerely monitor the live video feed, 24×7. If you are compromising on the quality and consistency of live surveillance, you might get in trouble. Having a live monitoring team in place keeps a check on commercial properties around-the-clock. If they see some unexpected or suspicious actions, they immediately notify you on their smartphones. Besides, if video stops and there is some glitch. The live monitoring team will fix it in real-time. And ensure that you get consistent and quality live video surveillance.

Cloud storage

CCTV cameras generate a huge volume of video data regularly. To save this data and store it securely for a long has been a struggle for non-cloud surveillance companies. The legacy storage monitoring solutions were limited with hard drives. And every time the operators had to clear the data early to free up space for the following recorded video footage. With cloud storage monitoring, businesses can save more data.

If your acquired storage space in the cloud is filling up but the video footage is crucial and you don’t want to erase it, in that case, the cloud storage solution shows its flexibility to get more space at a low cost. Cloud storage solutions are flexible enough to save all your essential video footage data and you can keep them as long as required. Any day, it is better than purchasing an extra costly hard-drive and having the fear of footage getting stolen or corrupted, in case, of traditional storage monitoring methods.

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What the future holds for e-surveillance service?

With time, enterprise e-surveillance service has made enormous strides across industries in areas such as affordability and availability. They did not have good first impressions. Intimidated business owners thought that the equipment cost was way too much. Therefore, they were unable to support the cost of installing a CCTV monitoring system and maintain it. Besides, there was a huge problem in storing this huge volume of video footage. Businesses always had a fear of data leak with transportable storage devices.

“Technology plays a major role in enhancing security and surveillance capabilities by offering many increasingly technical solutions such as alarms, access control devices, and video security.” – Statista

Now, with the advancement of technology; the security game has changed. Overcoming the hurdles of the past, e-surveillance infrastructure is affordable for businesses and can be customized according to business needs. With 24×7 live remote monitoring and cloud storage facilities, providing a whole new dimension to security arrangements of commercial properties.

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What the future holds for e-surveillance?

The world has seen advancements in technology in all fields. The security surveillance industry is no different. The traditional systems were only able to record incidents and used to provide only fragmentary evidence after the crime had taken place. With time, businesses are opting for smart security along with insights that empower them to introspect in business strategies as well.

So, what is the future of enterprise e-surveillance and what do businesses require? Let’s find out.

First and foremost, e-surveillance hugely contributes to security arrangements to safeguard your commercial property. But, it can be useful in different business aspects also. By leveraging AI (Artificial Intelligence) and ML (Machine Learning), businesses can apply video analytics to surveillance. Eventually, Video analytics tools are proven to provide valuable business insights and allow companies to make more informed decisions. From analyzing customer behavior, buying patterns in retail stores to optimizing smart vehicle management in warehouses, enterprises will look to adapt video analytics tools. The applied video analytics on surveillance maximizes the ROI (return on investment) for businesses.

In the contemporary  landscape, security should be the utmost priority. But, also there is an undeniable appetite for sophisticated, cost-effective, and user-friendly e-surveillance solutions. Progressive businesses will certainly look to leverage these advanced technologies to thrive among competitors.

Covid-19 epidemic making world economy in serious crisis.

How Your Business Can Survive The Coronavirus

As the world has hit the metaphorical panic button during the rise of coronavirus (Covid-19) cases worldwide. The daily reality for people and businesses is rapidly changing. Businesses now have to heavily rely on digital platforms. Businesses, especially, are struggling with figuring out how to survive by using digital communication techniques.

Aid of technology

With the Centers for Disease Control and Prevention (CDC) and government officials emphasizing “social distancing and mandatory nonessential business closures”. Technology such as live video conferencing, chat boxes, and email will be the basis for millions for their jobs, schooling, and everyday communication. So, with so many players in the game, how can businesses continue to function successfully?

Higher Images, a 20-year-old full-service digital marketing agency located in Pittsburgh, Pennsylvania, is helping organizations, businesses. And the community re-imagine what their lives and work-life will look like through web-based technology and mobile devices. President and CEO of Higher Images, Bryan Thornberg, says, “Rather than going into crisis mode, businesses should take this as an opportunity to expand their knowledge and reach. 

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Digital communication

 With many more people relying on digital communication. This is an ideal opportunity for businesses to break boundaries and try new techniques. Thornberg and his team want to help people not just survive this crisis. But to thrive during coronavirus and come out with an organization and business model stronger than ever. Thornberg has already been able to impact his clients by thinking outside the box. And recommending the usage of technology such as live feeds and Facetime.

For example, a hot tub distributor – a business that relies on their retail location for sales – took the recommendation of Thornberg and is now offering live video conferencing for customers to do live demonstrations of products and make purchases. Higher Images also urges businesses to utilize their existing websites to drive business: for example, adding a chat-box function to their website for customer communication, allowing organizations to respond to clients in real-time from the convenience of a cell phone or office computer from any location in the world. With higher internet traffic, this is also a key time for organizations to utilize search engine marketing, Google ads, and mobile in-app advertising technology such as Webtracker, which geo-fences homes to enhance brand visibility. Strategizing with a digital marketing company like Higher Images will provide businesses with the tools they need to succeed.

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Retailers use artificial intelligence Improved Customer Experience

Artificial Intelligence is becoming commonplace across major industries and retail is no exception. Eventually the retail industry is looking for ways to keep up with the times. And many companies have started implementing artificial intelligence technology across the entire product and service cycle. From assembly to post-sale customer service interactions. Major retailers such as Walmart, Sephora, Walgreens, and Macy’s are using AI to enhance customers’ experiences.

How do they do so?

AI Applications in Retail  hardware giant Lowe’s uses small robots to give directions. And help customers navigate a large hardware store. Walgreens is using technology to track the spread of flu. Based on the locations of customers picking up prescriptions so they can alert customers to the flu activity in their area .

Another example is makeup company Sephora, which now uses AI technology in many of its stores to scan customers’ faces. And help them choose the perfect shade of blush, lipstick, or eyeliner without having to test multiple products. Meanwhile, a Walmart store in New York is becoming the “store of the future” by incorporating the latest AI technology. The store’s smart cameras will have the capability to alert workers when items are out of stock. And even let them know when a bunch of bananas has gone bad.  Providing a Customizable Retail Experience Artificial intelligence is being used for everything. From preparing packages in warehouses to enhancing security to creating a customized experience for consumers.

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 VSBLTY Groupe Technologies Corp

One company that is delivering solutions to retail and security is VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTC:VSBGF). VSBLTY is at the forefront of making AI work in the retail space, developing innovative facial recognition software and interactive digital screens that will provide retailers with a multitude of AI features. VSBLTY’s VisionCaptor content management system brings interactive messages to any digital screen and provides insights on customer demographics and emotional states, allowing engagement with consumers in real time.

By commanding guests’ attention with dynamic digital displays, custom content can be provided based on what the display camera “sees,” while gaining valuable insights in real time. Through engaging digital assets such as animations, photos, videos, and multimedia content, VSBLTY software creates a complete customer experience through digital displays, which can be utilized in transit hubs, entertainment and sports venues, grocery stores, drug stores and, really, any retail environments. What’s more, VSBLTY’s VisionCaptor can be integrated with other technologies, including RSS feeds, QR codes, and Bluetooth.