We Define FINTECH Partnerships

Volatile financial markets have become a concern for financial professionals and their clients alike. Over the past several months, critical economic indicators and geopolitical events have generated a “perfect storm” of uncertainty in global markets.

Abdullah Rajput, Director, IBLOC Lead and John Profitlich, Director, Regional Business Development Officer, offer insight and suggestions to help financial professionals and their clients better understand the uses and benefits of an IBLOC so they can make better financial decisions.

There is no question that small business owners have been through a tumultuous time over the past few years. Through the hardships brought on by the pandemic and its ongoing economic and social impact, business owners have dealt with unparalleled pressure to remain resilient and determined to sustain and grow their companies.

There are more than 70 million baby boomers in the United States who are at or near retirement age, and about 70% are expected to enter some type of assisted living facility (ALF) in the future. This, coupled with the fact that Americans are living longer, has prompted many older Americans to turn to ALFs to serve their needs, which has generally driven remarkable growth in the industry.

For years, Congress debated the need for a bill that would strengthen and reinforce America’s deteriorating infrastructure. On November 15, 2021, President Biden signed a historic $1.2 trillion bipartisan infrastructure deal, titled the “Infrastructure Investment and Jobs Act,” into law.

At the start of the coronavirus pandemic in March 2020, like so many other areas of infrastructure, the construction industry came to a grinding halt due to health and safety concerns. As businesses tried to return to “normal,” they were (and continue to be) faced with delays.

With a greater focus on home improvements, coupled with the ongoing maintenance required by homeowners, businesses experienced a slew of return customers who not only wanted services, but needed them.

For small home services businesses on the receiving end of increased demand, operating as-is may no longer be feasible or sustainable. As owners vet their opportunities to capitalize on growth, many roads may lead to acquisition, whether that be a franchise or another stand-alone business.

While some may be eager to continue building their investment portfolio or venture to pursue new investments, there is one major financial obligation important to plan for: 2021 taxes.

Despite the ongoing pandemic and rampant shortages of workers and supplies, small businesses still account for 99.9% of businesses in America1, and many are continuing to thrive despite these struggles.

Managing long-term financial goals can be a difficult task for both individuals and the financial professionals managing their portfolios, especially when access to liquidity is needed fast.

As we near year two of the worldwide coronavirus pandemic, the future continues to be a bit uncertain. One thing that remains clear is that business owners — both large and small — will continue to learn from and adapt to the challenges and opportunities before them.