• Financial Analysis

    Now what? Bridge the gap in financial planning and analysis

    How do you know when it’s time for your business to change? More importantly, how do you know which changes will help grow the business? During the COVID-19 crisis and its ongoing aftermath, many financial planning and analysis (FP&A) teams were challenged to update and develop financial models that accurately reflected the massive shifts in strategy, revenue and operations — not just in the United States, but everywhere around the world — at the same time. Many finance teams struggled to be agile and flexible enough to meet these challenges. The 2021 Agility in Planning, Budgeting and Forecasting (PBF) survey 

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  • Financial Management

    American Express slides back into the financial planning game 16 years after it sold off Ameriprise; expect success, experts say

    AmEx is doing a U-turn to get back into financial planning now that competitors VISA and Mastercard are expressing an interest in the business. American Express is marketing financial planning, again, 16 years after spinning off its 10,700-advisor planning mega-unit to concentrate on high-end credit cards.  In July, the New York City giant offered robo-advisor “My Financial Plan” to 25,000 card users. AmEx’s old planning unit, then known as American Express Financial Advisors, was the envy of Wall Street, says Tim Welsh, president of Nexus Strategy. Tim Welsh:’When I was at Merrill Lynch, we copied their planning approach.’ 

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  • Financial Management

    How Financial Planning And Analysis Breaks Bad Decisions

    Modern finance involves FP&A being strategic and providing best in class support to their business constituents. This support is not just leading the budgeting process, preparing forecasts and analyzing variances but it requires forward thinking that helps accelerate decisions. getty By Serap Uygun, SAP The American writer and humorist Mark Twain once said, “Good decisions come from experience. Experience comes from making bad decisions.” This statement perfectly describes the impact the Financial Planning and Analysis (FP&A) function plays in guiding the enterprise away from poor decision making and into a more agile planning process using intelligent technology. Everyone in FP&A  

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  • Financial Management

    Stock Option Gurus Explain 5 Financial Planning Topics To Contemplate

    With stock options, the path to wealth creation is about planning and patience getty Taoism tell us that mindful strategic inaction, expressed in the concept of wu wei (literally “doing nothing” in Chinese), is usually the most effective approach to the challenges of living. It’s often the same with employee stock options. Waiting as long as possible to exercise stock options—i.e. doing nothing and letting the value grow until a strategic moment—is typically the soundest exercise strategy. This planning consideration was a recurring theme in a recent webinar held by the website myStockOptions.com, Stock Option Exercise Strategies: Advanced Bootcamp.  

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  • Financial Analysis

    Planful Helps Elgin Power and Separation Solutions Achieve Greater Efficiency and Agility with Modern Financial Planning & Analysis

    REDWOOD CITY, Calif., June 24, 2021 /PRNewswire/ — Planful Inc., the pioneer of financial planning & analysis (FP&A) and consolidations cloud software, today announced that Planful has helped Elgin Power and Separation Solutions centralize and modernize its financial processes. As Elgin’s FP&A solution of choice, Planful has supported the company on it’s digital transformation journey, including standardizing its financial processes, reporting, and planning methodologies to meet the ownership group’s requirements.  Elgin, a global manufacturer of processing equipment for the oil and coal industries for 150 years, has operations in the United States, India, Abu Dhabi 

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  • Financial Management

    James Hambro & Partners appoints financial planning director

    Wealth manager James Hambro & Partners has appointed Aaron McLoughlin as financial planning director. McLoughlin joins from Rathbones where he was a senior financial planner. Prior to that he was head of financial planning at Kleinwort Benson and a member of the private client and advice team at Lloyds Banking Group. As a chartered financial planner, McLoughlin specialises in complex estate planning and is a qualified trust and estate practitioner. He said: “James Hambro & Partners is growing incredibly strongly. It has a great culture and partnership structure that aligns with the interests of clients.  “The financial planners work closely  

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  • Financial Management

    Creative Planning acquires Sullivan, Bruyette, Speros & Blayney

    A little more than a year after receiving its first private equity infusion, one of the industry’s household names made its largest wealth management deal ever. Peter Mallouk’s Creative Planning acquired Sullivan, Bruyette, Speros & Blayney, a McLean, Virginia-based firm with more than 30 advisors and $5 billion in assets under management, the firms said May 4. The parties didn’t disclose the terms of the deal. It came three months after Creative Planning bought a retirement-plan focused firm with $6 billion in AUM and followed global PE firm General Atlantic’s acquisition of a minority stake in the RIA last year.  

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  • Financial Management

    Western Carolina University – College of Business students dominate national financial planning competition

     WCU Stories      April 29, 2021 By Geoff Cantrell From left to right, Sophia Spangler, Patrick Payne and Kristen Revis It was first place honors for Kristen Revis and a solid third place for Sophia Spangler, finance students in Western Carolina University’s College of Business, in a national collegiate competition held this past week in St. Louis. They rose from a field of 73 students representing 10 universities to find success in a financial planning competition by the International Association of Registered Financial Consultants. Open to undergraduate students who are enrolled in a financial services curriculum, teams undertake a fictional case  

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