### WordPress - Web publishing software
Copyright 2011-2019 by the contributors
This program is free software; you can redistribute it and/or modify
it under the terms of the GNU General Public License as published by
the Free Software Foundation; either version 2 of the License, or
(at your option) any later version.
This program is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
GNU General Public License for more details.
You should have received a copy of the GNU General Public License
along with this program; if not, write to the Free Software
Foundation, Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA
This program incorporates work covered by the following copyright and
permission notices:
b2 is (c) 2001, 2002 Michel Valdrighi - m@tidakada.com -
http://tidakada.com
Wherever third party code has been used, credit has been given in the code's
comments.
b2 is released under the GPL
and
WordPress - Web publishing software
Copyright 2003-2010 by the contributors
WordPress is released under the GPL
---
### GNU GENERAL PUBLIC LICENSE
Version 2, June 1991
Copyright (C) 1989, 1991 Free Software Foundation, Inc.
51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA
Everyone is permitted to copy and distribute verbatim copies
of this license document, but changing it is not allowed.
### Preamble
The licenses for most software are designed to take away your freedom
to share and change it. By contrast, the GNU General Public License is
intended to guarantee your freedom to share and change free
software--to make sure the software is free for all its users. This
General Public License applies to most of the Free Software
Foundation's software and to any other program whose authors commit to
using it. (Some other Free Software Foundation software is covered by
the GNU Lesser General Public License instead.) You can apply it to
your programs, too.
When we speak of free software, we are referring to freedom, not
price. Our General Public Licenses are designed to make sure that you
have the freedom to distribute copies of free software (and charge for
this service if you wish), that you receive source code or can get it
if you want it, that you can change the software or use pieces of it
in new free programs; and that you know you can do these things.
To protect your rights, we need to make restrictions that forbid
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These restrictions translate to certain responsibilities for you if
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For example, if you distribute copies of such a program, whether
gratis or for a fee, you must give the recipients all the rights that
you have. You must make sure that they, too, receive or can get the
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We protect your rights with two steps: (1) copyright the software, and
(2) offer you this license which gives you legal permission to copy,
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The precise terms and conditions for copying, distribution and
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### TERMS AND CONDITIONS FOR COPYING, DISTRIBUTION AND MODIFICATION
**0.** This License applies to any program or other work which
contains a notice placed by the copyright holder saying it may be
distributed under the terms of this General Public License. The
"Program", below, refers to any such program or work, and a "work
based on the Program" means either the Program or any derivative work
under copyright law: that is to say, a work containing the Program or
a portion of it, either verbatim or with modifications and/or
translated into another language. (Hereinafter, translation is
included without limitation in the term "modification".) Each licensee
is addressed as "you".
Activities other than copying, distribution and modification are not
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running the Program is not restricted, and the output from the Program
is covered only if its contents constitute a work based on the Program
(independent of having been made by running the Program). Whether that
is true depends on what the Program does.
**1.** You may copy and distribute verbatim copies of the Program's
source code as you receive it, in any medium, provided that you
conspicuously and appropriately publish on each copy an appropriate
copyright notice and disclaimer of warranty; keep intact all the
notices that refer to this License and to the absence of any warranty;
and give any other recipients of the Program a copy of this License
along with the Program.
You may charge a fee for the physical act of transferring a copy, and
you may at your option offer warranty protection in exchange for a
fee.
**2.** You may modify your copy or copies of the Program or any
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**c)** If the modified program normally reads commands interactively
when run, you must cause it, when started running for such interactive
use in the most ordinary way, to print or display an announcement
including an appropriate copyright notice and a notice that there is
no warranty (or else, saying that you provide a warranty) and that
users may redistribute the program under these conditions, and telling
the user how to view a copy of this License. (Exception: if the
Program itself is interactive but does not normally print such an
announcement, your work based on the Program is not required to print
an announcement.)
These requirements apply to the modified work as a whole. If
identifiable sections of that work are not derived from the Program,
and can be reasonably considered independent and separate works in
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distribute the same sections as part of a whole which is a work based
on the Program, the distribution of the whole must be on the terms of
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Thus, it is not the intent of this section to claim rights or contest
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In addition, mere aggregation of another work not based on the Program
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**3.** You may copy and distribute the Program (or a work based on it,
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**a)** Accompany it with the complete corresponding machine-readable
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This section is intended to make thoroughly clear what is believed to
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**8.** If the distribution and/or use of the Program is restricted in
certain countries either by patents or by copyrighted interfaces, the
original copyright holder who places the Program under this License
may add an explicit geographical distribution limitation excluding
those countries, so that distribution is permitted only in or among
countries not thus excluded. In such case, this License incorporates
the limitation as if written in the body of this License.
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**NO WARRANTY**
**11.** BECAUSE THE PROGRAM IS LICENSED FREE OF CHARGE, THERE IS NO
WARRANTY FOR THE PROGRAM, TO THE EXTENT PERMITTED BY APPLICABLE LAW.
EXCEPT WHEN OTHERWISE STATED IN WRITING THE COPYRIGHT HOLDERS AND/OR
OTHER PARTIES PROVIDE THE PROGRAM "AS IS" WITHOUT WARRANTY OF ANY
KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
PURPOSE. THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE
PROGRAM IS WITH YOU. SHOULD THE PROGRAM PROVE DEFECTIVE, YOU ASSUME
THE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION.
**12.** IN NO EVENT UNLESS REQUIRED BY APPLICABLE LAW OR AGREED TO IN
WRITING WILL ANY COPYRIGHT HOLDER, OR ANY OTHER PARTY WHO MAY MODIFY
AND/OR REDISTRIBUTE THE PROGRAM AS PERMITTED ABOVE, BE LIABLE TO YOU
FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR
CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OR INABILITY TO USE THE
PROGRAM (INCLUDING BUT NOT LIMITED TO LOSS OF DATA OR DATA BEING
RENDERED INACCURATE OR LOSSES SUSTAINED BY YOU OR THIRD PARTIES OR A
FAILURE OF THE PROGRAM TO OPERATE WITH ANY OTHER PROGRAMS), EVEN IF
SUCH HOLDER OR OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES.
### END OF TERMS AND CONDITIONS
### How to Apply These Terms to Your New Programs
If you develop a new program, and you want it to be of the greatest
possible use to the public, the best way to achieve this is to make it
free software which everyone can redistribute and change under these
terms.
To do so, attach the following notices to the program. It is safest to
attach them to the start of each source file to most effectively
convey the exclusion of warranty; and each file should have at least
the "copyright" line and a pointer to where the full notice is found.
one line to give the program's name and an idea of what it does.
Copyright (C) yyyy name of author
This program is free software; you can redistribute it and/or
modify it under the terms of the GNU General Public License
as published by the Free Software Foundation; either version 2
of the License, or (at your option) any later version.
This program is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
GNU General Public License for more details.
You should have received a copy of the GNU General Public License
along with this program; if not, write to the Free Software
Foundation, Inc., 51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA.
Also add information on how to contact you by electronic and paper
mail.
If the program is interactive, make it output a short notice like this
when it starts in an interactive mode:
Gnomovision version 69, Copyright (C) year name of author
Gnomovision comes with ABSOLUTELY NO WARRANTY; for details
type `show w'. This is free software, and you are welcome
to redistribute it under certain conditions; type `show c'
for details.
The hypothetical commands \`show w' and \`show c' should show the
appropriate parts of the General Public License. Of course, the
commands you use may be called something other than \`show w' and
\`show c'; they could even be mouse-clicks or menu items--whatever
suits your program.
You should also get your employer (if you work as a programmer) or
your school, if any, to sign a "copyright disclaimer" for the program,
if necessary. Here is a sample; alter the names:
Yoyodyne, Inc., hereby disclaims all copyright
interest in the program `Gnomovision'
(which makes passes at compilers) written
by James Hacker.
signature of Ty Coon, 1 April 1989
Ty Coon, President of Vice
This General Public License does not permit incorporating your program
into proprietary programs. If your program is a subroutine library,
you may consider it more useful to permit linking proprietary
applications with the library. If this is what you want to do, use the
[GNU Lesser General Public
License](http://www.gnu.org/licenses/lgpl.html) instead of this
License.
New Paper on Liability Management Shows Financial Advisors How to Optimize Client Wealth - sinth.info
Industry thought leaders at T3 and Oasis Group partner with Sora Finance, paving the way for financial advisors as they navigate today’s complex liability landscape for HNW and UHNW clients
SAN FRANCISCO, Dec. 6, 2023 /PRNewswire/ — Sora Finance, an easy-to-use decision-support software that helps wealth managers and financial advisors visualize, analyze, and act to optimize the liabilities side of their clients’ balance sheets, today announced a new white paper that shows advisors how liability management provides significant benefits when added to a professional suite of comprehensive wealth management and financial advisory services. According to the paper, today’s clients need and expect financial advisors to look beyond the assets side of their balance sheet to help them optimize their liabilities. Historically, advisors have been hindered by a lack of access to timely and reliable liability data for their clients.
“Liability optimization is the practice of making sure that your client’s liabilities are always deployed in the most efficient and effective way,” said Bruckenstein, who is also a CFP® and formerly practiced as a financial advisor. “It is not about helping to get people out of debt. Virtually all wealthy people have debt. It’s one of the ways they structure their finances.”
“THE WHY” BEHIND LIABILITY MANAGEMENT
The new paper, being released today, explores the “why” behind liability management, while also taking a more detailed look at essential elements of the practice which ensures current debt is always optimized and new debt is taken out on the most favorable terms to the client. Other core elements include the complexities of accessing and managing liability data, debt assessments, use of SBLs (securities-based-lending) and SBLOCs (securities-based-lines-of-credit), as well as how wealth management firms can leverage liability management to drive growth.
“High net worth individuals expect their wealth management team to offer liability management capabilities,’ said O’Connell. “This is particularly important for entrepreneurial clients who understand the value of liabilities on their balance sheet. Wealth managers have a huge opportunity to grow their HNW client base by engaging in liability management conversations.”
“Almost 100% of my HNW and UHNW clients have debt. They use debt to optimally structure their financial lives. It’s a core component of how they grow their net worth over time,” said Tushar Kumar of Twin Peaks Wealth Advisors, a wealth management firm based in California that specializes in serving clients working in the tech sector. “The Sora platform gives us great information and strong lending options, fueling meaningful conversations as we work to ensure that the client’s liability situation is always optimized for their unique situation and goals.”
Financial services for HNW clients typically include investment management and tax advice as well as help with trusts and estates and access to hedge funds and private equity firms. Liability management – a practice that looks at what clients currently owe (mortgages, college loans, credit cards, business and auto loans, for example) – has not, however, been as widely adopted by advisors.
“Liability planning is an essential tool in wealth management, especially for high net worth and ultra-high net worth clients,” said Chip Roame, Founder and Managing Partner of Tiburon Strategic Advisors and the Tiburon CEO Summits. “The innovative approaches taken by startups like Sora are leading the way in transforming how financial advisors approach liabilities. Its cutting-edge technology and insightful strategies are empowering financial advisors to offer more comprehensive and effective financial solutions.”
TECHNOLOGY CHANGES THE GAME
“Innovative tech that drives better client conversations is table stakes,” added fintech veteran Bruckenstein. “Clients expect their advisors to have the best tech stack available, including technology that helps them assess and strategically manage their liabilities.”
“Advancements in technology, like Sora’s platform, enable independent financial advisors and registered investment advisors (RIAs) to compete with the big Wall Street brokerage firms and wirehouses more effectively by providing RIAs and supporting financial services firms such as national wealth management firms and independent broker/dealer groups with superior data, analytics, recommendations, and robust lending options,” noted Rohit Agarwal, Co-CEO of Sora.
“Managing liabilities effectively is an essential part of a good financial plan. Debt must be managed carefully and responsibly. Knowing the interest rate you’re paying, the terms, and the duration of any loans is required to properly manage the liabilities side of one’s balance sheet,” said Siddhartha Oza, Co-CEO of Sora.
Bruckenstein, O’Connell, Agarwal, and Oza will all be present at the upcoming T3 Conference, being held January 22-25, 2024 at the Cosmopolitan Hotel and Resort in Las Vegas.
ACCESS THE PAPER NOW
Readers of the paper will gain a comprehensive overview of the power of liability management to help advisors increase their clients’ net worth and demonstrate their commitment to their clients’ overall financial well-being, not just investment performance.
Unlocking Growth Opportunities: The Case for Liability Management in High Net Worth and Ultra High Net Worth Client Portfolios, is available as a free download here:https://www.sorafinance.com/white-paper
ABOUT SORA FINANCE
Founded by Siddhartha Oza and Rohit Agarwal in 2021, Sora’s debt optimization and liability management software seamlessly optimizes existing home, auto, student and personal loans, and finds the best rates for any new loans. The genesis of Sora was a shared belief that financial advisors could do more than simply manage assets. The co-founders saw an opportunity to empower advisors with the tools to help their clients grow wealth across their entire balance sheet. Sora’s product continuously scans and monitors US lenders in the background to find better rates for clients’ new or existing liabilities and alerts them about a potentially high-value next best action. The Sora solution supports financial advisors in their quest to help their clients manage the other side of their personal balance sheet – providing the insights they need to offer a more comprehensive service, not just investment management and traditional financial planning. Sora leverages advanced AI technology to push the boundaries of the traditional financial advisory realm. Sora selects the ideal loan option for the client and helps to seamlessly execute the loan, freeing up more capital for the advisor and clients to invest. Their user-friendly platform provides insights and recommendations, generates detailed reports, and offers effortless loan management – all with a focus on promoting net-worth-growth for advisors and their clients. To learn more about Sora, visit SoraFinance.com.
ABOUT T3 (TECHNOLOGY TOOLS FOR TODAY)
T3 was founded in 2003 by financial services experts (and former financial advisors) David Drucker and Joel Bruckenstein. Together they are the authors of three books on applied practice management and technology for financial advisors. In the early years, they produced the T3 Technology newsletter, a first-of-its-kind publication in the financial services industry. From the newsletter, T3TechnologyHub.com, an online info-portal for financial services firms and financial advisors, was born. Twenty years ago (in 2004), the duo began hosting what has now become the industry’s leading conference on technology as it directly relates to practice management and building a profitable business. To learn more about T3, visit T3Conferences.com.
ABOUT THE OASIS GROUP
The Oasis Group was founded in 2019 by John O’Connell with the goal of helping financial service companies and leaders with their technology and revenue generation challenges. The team works with start-ups, emerging businesses, established firms, and publicly traded enterprises within the financial services space that want to take their organization to the next level of performance. O’Connell and his team assist their clients in various capacities through their consulting and advisory services. To learn more about The Oasis Group, visit TheOasisGrp.com.
Media Contact: Dori Thomas Impact Communications, Inc. [email protected] 913-649-5009