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One of the benefits of using cryptocurrency is the anonymity you receive through transactions. Unfortunately, this is also one of the main reasons that most exchanges offer no FDIC protection. This means that if the crypto exchange loses your dollar reserves, you have no protection. However, a few exchanges do participate by holding dollar reserves in an FDIC-insured bank. With those exchanges, if you lose your money on deposit the FDIC will reimburse those losses up to the program’s cap. If you’re looking to hold large dollar amounts in an exchange you may want to first speak to a financial advisor who can help you plan accordingly. Read More...
At the time of writing the cryptocurrency market was worth about $934 billion. This is down from a market cap of more than $3 trillion in late 2021. Despite the losses, that still makes cryptocurrency a very large market. The upshot is that financial advisors get asked about cryptocurrency quite a bit. Clients want to know if they should invest, or how they should invest, in this market. Finding the right financial advisor is key if you’re thinking about buying crypto as part of your overall portfolio. Read More...
A new study by the financial services company Allianz says that a higher percentage of Americans working with financial advisors buy products that provide guaranteed sources of retirement income. That’s compared to folks who’ve never used a financial professional. The study also revealed that a higher percentage of individuals who work with financial advisors are researching expenses and risks associated with retirement income. Let’s take a look at how beneficial financial advisors are for consumers’ retirement goals. Whether you are looking for retirement or investment advice, a financial advisor could help you create a financial plan for your needs and goals. Read More...
Accountants can pursue several different certificates and credentials to enhance their standing and display their knowledge. These programs may establish that you specialize in certain fields, such as tax preparation, or they may demonstrate overall mastery of your profession. Arguably the two most prestigious credentials that an accountant can pursue are the CPA (Certified Public Accountant) and the ACCA (Association of Chartered Certified Accountants). If you’re looking to grow your money instead of just keeping track of it, you may need to work with a financial advisor instead. Read More...
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Data Articles and Studies
The number of registered investment advisors (RIAs) in the U.S. is growing, as are the number of clients they serve and assets they manage. According to an annual report published jointly by the Investment Advisor Association and National Regulatory Services, there were 13,494 RIAs in 2020 – about 11% more than there were in 2017 (12,172). Last year, those advisors reported a total of 42.1 million clients and $97.2 trillion in regulatory assets under management (AUM) – roughly 18% and 37% more, respectively, than the number of clients and assets reported three years prior. Read More...
Since the onset of COVID-19, remote work has become the norm for many Americans, allowing them to continue to meet some of their expenses while saving where possible. In the late spring of 2020, about half of American workers were working from home, according to two surveys conducted by the National Bureau of Economic Research. Many researchers believe that increased work flexibility and work-from-home opportunities may continue even after the pandemic is over. With that in mind, SmartAsset looked at the best cities to work from home in 2021. Read More...
The Bureau of Labor Statistics (BLS) says that computer and information technology jobs are expected to have grown by 11% from 2019 to 2029, adding 531,200 new jobs in cloud computing, big data storage and collection and information security. The median annual wage for those jobs in May 2019 was $88,240, which is $48,430 higher than the median annual wage for all occupations. Read More...
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