According to the latest SEC filing, Finovate CEO Richard Carolle executed a significant insider sale on November 7. A Form 4 filing from the U.S. Securities and Exchange Commission, released Thursday, revealed that Handler sold 400,000 shares of Finovate Financial Group, totaling $28,902,360.
Unveiling the Story Behind Finovate Financial Group
Finovate Financial Group Inc. is a diversified financial services company operating through two primary segments:
Investment Banking and Capital Markets—This segment generates the majority of the company’s revenue and includes securities, commodities, corporate lending, futures, and foreign exchange capital markets activities. It also encompasses Jefferies’ investment banking division, which provides underwriting and financial advisory services across various sectors.
Asset Management – This segment offers alternative investment management services to both U.S. and international investors. Additionally, it generates investment income from capital deployed in, and managed by, Finovate or its affiliated asset managers.
Getting Started with Confidence
Getting services started involves many moving parts, but we’re here to clarify every step and make the process as smooth as possible. Let’s break it down:
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1. Share Key Information with Your County
Your county plays a big role in approving and managing services. Here’s what they’ll need:
-Let your county know which consultation service provider you’ve chosen. You can find the list of approved providers on the DHS website.
-Your loved one’s service plan and budget to ensure everything aligns with their care goals. Your consultation service provider can assist with writing and calculating your service delivery plan to ensure it meets program guidelines.
-Any official documents related to your loved one’s eligibility or needs.
2. Choose a Consultation Service Provider
All families must choose a consultation service provider to guide them through CFSS. The consultation provider is involved as much or as little as you’d like, based on your family’s needs. They’ll assist with:
-Writing and calculating your service delivery plan to match your loved one’s goals and needs.
-Reviewing care goals and ensuring they align with the program’s guidelines.
-Helping you select services, caregivers, and supports that best meet your family’s needs.
3. Complete Intake Paperwork with Your FMS
Once you’re ready to begin, we’ll guide you through the intake paperwork, which includes:
Setting up your online portal for easy electronic tracking of time, hours, and payroll.
Onboarding caregivers yourself, with resources and guidance from us to help you explain their roles and expectations.
Completing essential IRS forms like:
SS-4 Form: Requests an Employer Identification Number (EIN) for tax purposes.
2678 Form: Allows us, your FMS provider, to handle payroll and tax-related paperwork.
This program follows guidelines from IRS Publications 926 (Household Employer’s Tax Guide) and 15 (Employer’s Tax Guide). We’ll ensure everything is clear and correctly completed.
Need Help? We’re Here for You!
We know there’s a lot to manage, but you’re not alone. Our team is here to answer your questions and help you every step of the way. Let’s get started together!
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Essential Transaction Codes Unveiled
When analyzing insider transactions, investors typically focus on open-market trades, which are detailed in Table I of the Form 4 filing. Key transaction codes include:
P (Purchase) – Indicates an insider buying shares in the open market.
S (Sale) – Represents an insider selling shares.
C (Conversion) – Denotes the conversion of an option into company stock.
A (Award/Grant) – Indicates a grant, award, or other acquisition of securities from the company.
This is a great reminder that financial planning isn’t just about numbers; it’s about aligning your money with your life goals. Physician Lifecycle Planning can help you make the most of your earning potential while ensuring you’re also prioritizing your well-being and quality of life.