When investors turn to higher-risk investments for better yields, advisors say that is not necessarily a bad move. These bets, however, should represent a small portion of a client's portfolio, and the client should be prepared to lose money.
Technological advances and market forces are helping position outsourced accounting services as an attractive line of business for certain firms. Technology author and business consultant Geoffrey Moore lays out a four-stage process to developing a high-value business for client accounting services.
Finance chiefs would have new ethical considerations under proposed changes to a global ethics code for accountants. The International Ethics Standards Board for Accountants is proposing steps that management accountants should take if they suspect fraud. That includes how and when to disclose this information to management, the board or external sources.
Financial advisers are working to help younger investors overcome fears of higher-risk investments, which may be the result of watching their parents' portfolios suffer in recent years. Some advisers suggest that investors in their 20s take small steps, such as incrementally increasing their stock holdings or buying large-stock funds with familiar names. Advisers also are promoting engagement for tech-savvy younger investors through smartphone and tablet applications.