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Advisor confidence hits highest mark in 4 years
Financial Planning    Share   Share on FacebookTwitterShare on LinkedinE-mail article
In December, advisor confidence in the U.S. economy and stock market reached its highest mark since February 2007, according to the Advisor Confidence Index. The index jumped to 116.13 in December, an increase of about 4 percent from November. All four measures of the ACI increased in December, with the 12-month economic outlook soaring 7.2 percent. The current economic outlook increased 4.5 percent, the six-month outlook jumped 2.12 percent and the stock market outlook rose 1.97 percent. More



  Industry News


5 ways the insurance industry will change in 2011
Life Insurance Selling    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Life Insurance Selling lists five ways that the insurance industry will change in 2011. From the growth of information technology departments, to continued focus on cost reductions, the insurance industry is in store for change. More

Tax law changes will delay start of filing season for some taxpayers
Journal of Accountancy    Share    Share on
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The IRS is warning taxpayers that it will not accept certain 2010 individual tax returns until mid- or late February due to tax law changes recently enacted by Congress. Taxpayers affected include all those who itemize deductions on Schedule A, as well as those who take certain recently extended deductions. The change affecting the most taxpayers will be the fact that Form 1040, Schedule A, will have to be updated to reflect the extension of the state and local general sales tax deduction. The delays will affect taxpayers whether they e-file or file on paper. More

Consumers have healthy balance sheets, but lack confidence
Money Management Executive    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After three years of cautious spending and paying down debt, American households have significantly improved their balance sheets. Yet consumer confidence slipped in December as more people worried about the job outlook. The latest survey from Conference Board showed a decline, despite two months of increases and a jump in holiday spending. In December, consumer confidence stood at 52.5, well short of the 90 suggesting a healthy economy, but not much different than a year earlier. More

  Regulatory and Legislative News


IRS extends tax filing deadline to April 18
The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
Taxpayers across the country have three extra days to turn in their tax returns this year thanks to a holiday in the District of Columbia. The Internal Revenue Service recently announced that taxpayers have until April 18 to file 2010 tax returns because Emancipation Day, a holiday observed in the District, falls on April 15, the traditional tax deadline. By law, the IRS must observe District holidays as it does federal holidays for tax filing purposes. More

House Republicans aim to repeal health care law
Reuters via Insurance Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Republicans in the U.S. House of Representatives plan to pass a bill to repeal President Barack Obama's overhaul of the U.S. health care system, a senior party aide recently said, but the effort is widely expected to fail in the Senate. The new Congress will convene with Republicans in control of the House after November's midterm elections. They are set to move ahead with their campaign promise to try to rescind the new health care law, one of Obama's signature legislative victories. More

SEC may impose disclosure-only regulation, not fiduciary duty, for brokers
Advisor One    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While Congress returns for its 112th session, the advisory industry will be anxiously anticipating the reports that the SEC will hand to Congress by Jan. 21, on fiduciary duty and enhanced advisor oversight. As the deadline approaches, industry groups are voicing their concerns about what an SEC-crafted fiduciary standard may look like. More

Cole Information - Offers Online Quick-to-Access Targeted Prospecting
For more than 60 years Cole Information has helped businesses find new customers. In 1947, Jack Cole created a “criss-cross reference directory” that quickly became the standard sales tool for businesses across the country. Today that innovation continues with useful Web-based products that provide quick access to targeted prospects. Cole X-Dates and Cole Lists are powerful, cost effective list-building tools being used by financial professionals to grow their businesses. Find prospects for life, health, auto, home, business, multicultural, and many others with a click of a mouse. Cole Information is excited to offer FSP members a 15 percent discount. For more information, or even a free demonstration, call Cole Information today at 800-376-0552 or visit Cole Information and click on the product page.


  Practice Management


3 ways to ramp up business in 2011
Senior Market Advisor    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While flipping over to a new page in the calendar isn't anything more than, well, flipping over to a new page in the calendar, it does seem that somehow, it is like a new beginning. So with that in mind, here are three things that can ramp up business in 2011. More

Finding accountants for clients
Dow Jones News via Financial Advisor    Share    Share on FacebookTwitterShare on LinkedinE-mail
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Passing on clients to an accountant is a high-stakes decision most financial advisors face regularly. Veterans in the industry say it's worth taking time to find the right ones. Seasoned advisors and former accountants say there are specific skills to look for—and some red flags to avoid. Each financial advisor, and even each client, might need different kinds of help from an accountant. But some skills—like the willingness to collaborate on client cases and the ability to return phone calls during tax season—show up on most professionals' must-have list. More

FedEx® Offers Savings
FSP members can now enjoy real savings on envelope and small parcel shipments sent and received via FedEx®, one of the nation's premier small package carriers and an FSP Member Discount Company. FSP Members will receive discounts on domestic and international shipments with FedEx Express®, FedEx Ground®, and FedEx Home Delivery®. Save up to 27%* on select air shipments with FedEx Express; up to 15% on select shipments with equally dependable and economical FedEx Ground; and up to 10% on select shipments with FedEx Home Delivery, a residential service with a money-back guarantee. There is no cost to enroll for members, and there are never any shipping minimums to meet in order to get the discounts. For more program details and to enroll online, simply go to www.PartnerShip.com/63fsp.

*Includes a bonus 5% online processing discount. Full details are available at www.partnership.com/63fsp/discounts.asp.


  Society News and Programs


Jan. 21 is the last day to save on your hotel room for the Arizona Institute
Society of FSP    Share    Share on
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Don't miss out on the savings. Take advantage of the special FSP room rate at the Omni Tucson National Golf Resort and Spa for this year's Institute Feb. 13-17. Call 1.800.843.6664 or go online and refer to the Arizona Institute. This special rate ends Jan. 21.

Have you visited the FSP Store lately?
Society of FSP    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Have you visited the FSP Store lately? The Society store offers a variety of educational and practice-oriented resources to help you market and run your business. Check out the offerings at Society Store.
 
 
FSP NewsBrief
Colby Horton, Vice President of Publishing, 469.420.2601   Download media kit
Bianca Van Audenhove, Content Editor, 469.420.2611   
Disclaimer: The articles that appear in FSP NewsBrief are chosen from a variety of sources to reflect topics of interest to FSP members and other financial service practitioners. The inclusion of an article or advertisement in FSP NewsBrief does not imply that the Society of FSP endorses, supports or verifies its contents or expressed opinions. Factual errors are the responsibility of the listed publication. FSP NewsBrief articles may be protected by copyright and should not be reproduced without express permission of the copyright holder.

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