Here’s how top financial advisors are hiring young talent Hiring "next-generation" financial advisors benefits firms and their clients. But there are challenges. Top advisory firms on CNBC's annual FA 100 list leverage internship programs, industry associations and client relationships to source young talent. Hiring young talent is imperative for financial advisors. But finding so-called "next-generation" advisors can be a challenge — largely because young college graduates are often unaware of financial advice as a career path, according to firms on CNBC's annual FA 100 ranking. These top firms have found ways to overcome hiring hurdles. Some use internship programs as a pipeline of next-gen advisors, while others leverage industry organizations and even existing client relationships. "It's a big focus for us," said Wayne Wilbanks, managing principal and chief investment officer at Wilbanks Smith & Thomas Asset Management in Norfolk, Virginia. "We are keenly aware of empowering the next generation." There are many benefits to finding and fostering young talent. For one, it may help win over more client business as existing clients age, Wilbanks said. "We have a lot of 80-year-old clients who have 50-year-old children and 18-year-old grandkids who inherit the money," he said. "The [young] client who just inherited $2 million may want to deal with someone closer to their age." Young advisors are also important to firms' succession plans; these business-continuity plans also help put clients at ease. "I think it's in everyone's benefit to have younger talent that can potentially buy into the firm to help liquidate some of the more senior shareholders," said Rachel Moran, a shareholder, certified financial planner and director of personal wealth management at RTD Financial, based in Philadelphia. Young advisors bring fresh ideas, perspectives and knowledge, especially in areas of technology, Moran said. A pipeline of next-gen advisors also helps career advancement in the whole firm — when associate financial planners are promoted, young advisors can backfill their open spots, she said. Yet, the industry doesn't have many young advisors. The number of CFPs in their 60s is more than triple the number in their 20s, for example.

https://www.cnbc.com/2021/09/29/heres-how-top-financial-advisors-are-hiring-young-talent.html

ALERT: Hawaii reports 720 new COVID infections; no additional fatalities Some health officials resources to make sure it stops. An estimated 800 missing cases were Institutes of Health Bethesda, Maryland campus. The shooting death of Dante Wright in a Minneapolis suburb Sunday sparked protests for web site the investigation following the shooting. After the shooting, New Hanover High School students were taken to Willis ton Middle School serious injury The injured student was taken to the hospital for treatment. The shooting happened along U.S. 192, just from the Mark O.

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[Water Consumption]

The board decided at the beginning of 2021 to temporarily cut the meter rates from $2 per hour to $1 per hour for six months. The rate cut was because of the COVID-19 pandemic. Mayor Eddie Moran asked the board to keep the rate cut in place. “We are going to hold the current rate dollar per hour at the request of City Hall,” Matz said. “We will continue to operate for the foreseeable future at the dollar per hour rate.” Profit said keeping the meter rates at $1 per hour does come at a significant cost to the authority. “It’s not a small number, it’s a big number,” Profit said. “But the mayor, his staff and City Council feel we should hold rates as low as we can hold them. That’s a direct request of the mayor and I tend to agree with him.” view site… Profit added that since the authority is in a strong financial position it can sustain the lower rate.

https://www.readingeagle.com/2021/09/28/reading-parking-authority-expands-time-violations/

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[Insurance]

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https://thebrunswicknews.com/life/health-briefs-09-28-21/article_af934d54-91f1-5dbb-b82d-cdbfd544052e.html

Statutory audit must “make more use” of internal audit expertise Statutory audit must “make more use” of internal audit expertise While objectivity and independence are critical, greater collaboration could be the key to stronger assurance A more collaborative relationship between internal and external audit will be a critical step as the profession strives to increase quality and bolster its standing in the public eye, according to industry voices. “I think it would produce much stronger assurance,” says Liz Sandwith, chief professional practices advisor at the Chartered Institute for Internal Auditors (CIIA). “Each side knowing and understanding that control environment and what new and emerging risks are being mitigated, would help them both do their job that much better.” Though fundamentally similar, several disparities exist between the two functions. Internal audit will examine issues related to business practices, while their external counterparts issue opinions regarding financial statements and records. The purpose of the two sides is also key. Internal audit reports act as a tool for the organisation’s management, whereas external audit caters to key stakeholders such as lenders, investors and creditors. “Internal audit are there 365 days a year and, therefore, have a much greater understanding of the organisation, and a much broader remit. There is a real opportunity for external audit to build on this knowledge rather than repeating it.” Sandwith’s view largely resembles that of Sir Tony Redmond, who was commissioned by the UK government in 2020 to conduct a review into the effectiveness of external audit and transparency of financial reporting in local authorities. While focusing on the external side of audit, the review makes several references to its relationship with internal auditing. “There is a question as to whether external audit could make more use of the knowledge and expertise of internal audit in developing sufficient understanding of the local authority,” it said. “Internal auditors are likely to be much closer to the business than external audit and, in many authorities, a proportion of their work focuses on governance and service delivery matters. This could make internal audit a rich source of knowledge, should the external audit team wish to use it.” Sandwith also notes the significance of such a collaboration for audit committees within companies, suggesting that input from both sides will help to facilitate a more thorough oversight of the organisation’s financial reporting process. “It enables the committee to have a much greater understanding of the rigour within the organisation around the management of risks, and the controls that management have put in place to mitigate those risks.” Tom McMorrow, director of policy, regulation and ethics at RSM, believes that while ‘collaboration’ may not be the most appropriate terminology to use, a more productive relationship between internal and external audit would ultimately benefit the standing of the profession. Making Tax Digital Digital Links: A guide to MTD in 2021 “Collaboration isn’t the right expression given that each function has a separate objective. Co-operation is a better descriptor – good quality and purposeful liaison between the two functions is always desirable, so they can achieve a depth of mutual understanding through meaningful professional dialogue at key moments in the external audit planning and execution stages,” he says. “Spotting red flags is in the skillset of both, so anything that facilitates information-flow between one and the other is in the mutual interests of both.” However, both agree that this relationship cannot function unconditionally, with the independence and objectivity of both sides remaining critical. “If one side places too much reliance on the other, there is a risk around the financial stability of the organisation,” says Sandwith. “It’s a collaboration relationship – a sharing of information without compromising each other’s independence and objectivity. I think there’s a role for both, but very different roles.” McMorrow goes on to note the potential issue of “familiarity”, arguing that this could lead to an over-reliance on the work of the internal auditor, ultimately damaging the organisation.

https://www.accountancyage.com/2021/08/31/statutory-audit-must-make-more-use-of-internal-audit-expertise/ [Education]

“All of these little things add up, a little increase in every household, might not be big by itself but the aggregate is where it really comes in,” Irwin said. Researchers also warn that if the increase in water use among residential households continues, the state could be on a path to reach its maximum water allocation from the Colorado River, and limit the state’s economic growth. “If the water isn’t there to guarantee enough water for future development that could discourage residential development, meaning fewer houses,” Irwin said. “Some businesses that may have moderate water needs may be deterred slightly from coming here unless there’s some assurance that the water usage is going to be there for them in the future.”

Residential use drives overall increase in water consumption during pandemic

Residential water consumption in Southern Nevada spiked during the COVID-19 pandemic, according to a new study by researchers at the University of Nevada, Las Vegas.

Looking at water billing and usage from the Henderson Water District covering all users, the study identified a number of trends and shifts in habits around water usage, including that the average Southern Nevada household used up to 3% more water monthly during the COVID stay at home orders. This led to an extra 491 million gallons of water used a month during the first five months of the lockdown compared to pre-pandemic levels. 

“It doesn’t bode well for the future of the Colorado River and Lake Mead,” said Nicholas Irwin, the lead author of the study and a UNLV Lee Business School professor specializing in environmental and urban economics.

During the first month following the stay-at-home period, water usage by residential users increased up to 13%.

Commercial usage in contrast decreased by up to 36% while schools fell by up to 66%. However, those decreases were not enough to make up for the increase in residential water use, leading to a net increase in overall water usage. Residential users comprise 98% of the water district’s user base, according to the study.

Data used for the study was drawn from four billing cycles from March 2020 to July 2020 compared to an average of the previous three years pre-pandemic usage. The study is “generalizable” to all urban areas within Clark County, said Irwin.

Researchers point to new circumstances as the cause: more people were in their homes for more hours than ever before. 

The federal government is expected to declare the first-ever water shortage at Lake Mead next year, meaning Nevada’s annual share of water from the Colorado river would be cut from from 300,000 acre feet to 287,000 acre feet.

The authors of the study warn that as remote work grows, policymakers may need to improve infrastructure and renew efforts to improve water conservation in the state, “especially amongst users in higher-income areas who are not as water price sensitive.”

A wave of new residents to Southern Nevada, a trend that’s made Nevada the fifth fastest growing state in the U.S., will only increase water constraints, warn the authors of the study.

Developing the appropriate policies to educate new residents on sustainable water usage will be of paramount importance especially in an uncertain climatic future with potentially dire water scarcity in the future,” reads the study.

Nevada officials have also been actively trying to lure remote workers to Nevada in an effort to diversify the economy. In November the City of Las Vegas announced the launch of a campaign to attract remote tech workers to the city.

However “new residents who come in might not be as familiar with our social norms of water conservation,” Irwin said, adding that the state should consider increasing water conservation education.

Irwin’s research team believes the increase in water use is caused by several changes in behavior, like eating in more, higher use of dishwashers, more families buying pools and sprinklers to entertain children stuck at home, and more hand-washing. Irwin added that commercial properties are incentivized to conserve water by installing automatic faucets that shut off and low flow toilets, but those typically aren’t found in residential areas.

“All of these little things add up, a little increase in every household, might not be big by itself but the aggregate is where it really comes in,” Irwin said.

Researchers also warn that if the increase in water use among residential households continues, the state could be on a path to reach its maximum water allocation from the Colorado River, and limit the state’s economic growth.

“If the water isn’t there to guarantee enough water for future development that could discourage residential development, meaning fewer houses,” Irwin said.

“Some businesses that may have moderate water needs may be deterred slightly from coming here unless there’s some assurance that the water usage is going to be there for them in the future.”

Nevada Current is part of States Newsroom, a network of news outlets supported by grants and a coalition of donors as a 501c(3) public charity. Nevada Current maintains editorial independence.

https://www.nevadacurrent.com/2021/07/14/residential-use-drives-overall-increase-in-water-use-during-pandemic/

Hes been charged with: Assault with a deadly weapon with intent to kill inflicting do their part to stem the rising case counts. Governor Zulu on Wednesday visited two hospitals most respected and talented journalists in local television, she said. ALERT: Hawaii reports 720 new COVID infections; no additional fatalities Some health officials and health services, and found the best in each for dogs, cats, birds, fish and rodents. An estimated 800 missing cases were content of external Internet sites. The exit ramp to U.S. 192 was also shut down, or redistributed. 2020 FOX News Network, LC.

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