Moving forward in the new normal in wealth and asset management

2020 is marked by much change and disruption to not only our professional lives, but also our personal ones — across all industries and professions throughout the globe. The COVID-19 virus, suddenly and deeply, has changed everything.

 

In an environment where change is constant – and, at times, quite unpredictable and profound – how do we move forward productively?

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The COVID-19 pandemic continues to impact the global economy in profound ways. With efforts to contain the virus still ongoing, uncertainty is an ever-present obstacle in business decisions. Financial services firms need to understand the current health of their own firm, as well as their investments, as they react to the constant stream of new information on shutdowns, re-openings, unemployment figures, recession data, and government programs.

 

Many financial firms are focused on solving immediate challenges. It may be hard to imagine investing in new technologies at a time like this. But consider this – a Harvard Business Review study of the 2008 recession found that:

Companies that combined cost-cutting with selective investing before the crisis ended had a 76% chance of pulling ahead of competition, as opposed to companies that solely cut costs.

Opportunity exists even in times of crisis, so let’s explore the five actions you can take to ensure a faster recovery.

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When the Health Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996, its purpose was to improve the portability and accountability of health insurance coverage for employees between jobs. Since then, the scope of HIPAA has grown significantly.

 

When the Health Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996, its purpose was to improve the portability and accountability of health insurance coverage for employees between jobs. Since then, the scope of HIPAA has grown significantly. HIPAA became a vehicle to encourage healthcare providers and other covered entities to move to electronic healthcare records and, in turn, keep that patient data secure. Healthcare organizations take HIPAA compliance very seriously, but the inherent complexity of this law and its regulations makes maintaining compliance across all systems challenging. Let’s look at some of the hidden dangers to watch for in HIPAA compliance…

 

 

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Ninety-two percent of sales organizations rank sales engagement platforms as critical to their success and sales productivity. And yet, many sales teams use disconnected sales tools, which can lead to a lack of collaboration, broken sales processes, and lost revenue. This e-book for small and medium-sized businesses features six strategies that will help you increase … Read more