Nerd's Eye View

SEPTEMBER 20, 2023

30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns.

Financial Planning 246

Financial Planning Risk Tolerance Retirement Planning Planning 246

Nerd's Eye View

SEPTEMBER 20, 2023

30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns.

Retirement 246

Retirement Planning Financial Planning Risk Tolerance 246

Nerd's Eye View

JULY 25, 2022

2022 was a year that began with high hopes as households were slowly re-emerging from pandemic shutdowns, markets were reaching new highs, and most advisory firms had growing momentum. This year’s Summit will be held on Thursday, December 8 th – Save the date! can check out our Career Opportunities page for more!

Financial Planning 244

Financial Planning Education Estate Planning CFP 244

The Big Picture

MAY 5, 2023

From the perspective of an asset management and financial planning firm, the challenge is getting people to ignore the day-to-day noise in favor of thinking about where prices will be a decade hence. Rather than accept the volatility of month-to-month economic datapoints — NFP, Consumer Spending, Manufacturing, Inflation, etc.

Economics 363

Economics Financial Planning Manufacturing Numbers 363

eMoney Advisor

MAY 1, 2023

.” Only 4 percent of Certified Financial Planner™ professionals identify as Asian American or Pacific Islander (AAPI), though they make up 6.2 1,2 Despite the small numbers, AAPI professionals remain the largest ethnic minority within the financial planning profession. ” March 25, 2022. Nandita Das, Ph.D.,

Financial Planning 101

Financial Planning Planning Financial Planner CFP 101

MainStreet Financial Planning

OCTOBER 30, 2024

million The Federal Reserve 2022 Survey of Consumer Finances report found that the average net worth among all households was $1.06 Ultimately, success in personal finance is about creating a plan that works for you and continually adjusting it to meet your evolving needs and aspirations. Average net worth: $1.06 million among U.S.

Retirement 98

Retirement Financial Planning Planning Accounting 98

eMoney Advisor

JANUARY 12, 2023

We’ve gathered seven unique volunteer opportunities for financial professionals, including pro bono financial planning. A 2021 study measured the impact pro bono financial planning can have on cancer patients. Foundation for Financial Planning. Financial Planning Association chapters.

Financial Planning 107

Financial Planning Planning Financial Planner CFP 107

Nerd's Eye View

JANUARY 20, 2023

While it remains to be seen whether the measures will actually be enacted, proposed measures include raising income and capital gains tax rates, instituting wealth taxes, and reducing the state estate tax exemption, potentially creating future planning opportunities for advisors with clients in those states. Read More.

Financial Planner 246

Financial Planner Financial Advice Fee Only Financial Planning 246

eMoney Advisor

NOVEMBER 9, 2022

Cultural humility can help create a safe space for clients to share their most important financial information, which is a critical part of the financial planning process. The most notable shift to be aware of is the departure from the conventional financial service model and the journey to holistic planning.

Financial Planning 78

Financial Planning Planning Certified Financial Planner Financial Planner 78

Integrity Financial Planning

JANUARY 9, 2023

The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. 1] However, in 2022, this number spiked to 9.1% In 2022 alone, the value of an average 401(k) dropped by 25%, and the value of pension funds declined by 15%. [3] Inflation Pinched Pockets. 1] [link]. [2] 2] [link]. [3] 3] [link]. [4]

Accounting 97

Accounting Retirement Economics Financial Planning 97

eMoney Advisor

APRIL 25, 2023

1,2 Conversely, couples who open up and share financial goals and values with each other tend to have more satisfying relationships. 3 It’s no surprise then that exploring how to get partners to a place where they can freely communicate about goals and values is a point of interest for financial planners.

Financial Planning 84

Financial Planning Planning Financial Planner Clients 84

eMoney Advisor

FEBRUARY 9, 2023

Of an estimated 104 million households seeking some level of financial advice, 88 million of those households want that advice from a financial professional. In this overview, we will explore the demographics of each stage, the financial planning needs of people in each stage, and strategies for serving them.

Financial Planning 95

Financial Planning Clients Planning Education 95

AdvicePay

APRIL 12, 2023

The economic challenges of 2022 combined with the rapid increase of inflation and interest rates motivated clients to seek out more than just investment management services from financial professionals. People not only want real financial planning, they need it.

Financial Planning 88

Financial Planning Planning Clients Economics 88

eMoney Advisor

DECEMBER 21, 2022

Goal-based financial planning entails setting and achieving individual financial goals based on a client’s aspirations, assets, and savings. Whereas cash flow-based financial planning involves a precise approach to meeting goals based on the money flowing into and out of a household every month.

Financial Planning 76

Financial Planning Planning Budgeting Clients 76

Nerd's Eye View

DECEMBER 2, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a research study suggesting that the market volatility experienced in 2022 could increase demand for financial planning services.

Financial Planner 241

Financial Planner Retirement Planning Retirement Financial Planning 241

WiserAdvisor

OCTOBER 11, 2022

Most people start financial planning with the goal of growing their finances through savings and investments. But financial planning is not limited to increasing your wealth alone. However, you can adopt certain tax and financial planning strategies to lower your tax output. in June 2022. Washington.

Financial Planning 80

Financial Planning Accounting Taxes Planning 80

eMoney Advisor

DECEMBER 27, 2022

As client expectations continue to evolve, there is an opportunity for financial planners to broaden and deepen their service offerings by providing holistic financial planning. Holistic financial planning goes beyond traditional financial planning to help clients achieve the best outcomes as defined by their individual needs.

Financial Planning 78

Financial Planning Planning Clients Wealth Management 78

The Big Picture

NOVEMBER 15, 2023

After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. Following the presentation I gave on navigating financial disasters , I spoke with Jeff Hirsch of Stock Traders Almanac ( video here ). year over year.

Investments 344

Investments Investing Portfolio Economics 344

Nerd's Eye View

MARCH 8, 2024

to prevent fraud.

Financial Planner 246

Financial Planner Asset Allocation Clients Risk Management 246

Nerd's Eye View

MAY 23, 2023

Welcome back to the 334th episode of the Financial Advisor Success Podcast ! Meg is the Founder and Lead Financial Planner for Flow Financial Planning, a virtual RIA serving mid-career women in tech that oversees almost $60 million in assets under management for 60 client households.

Clients 246

Clients Financial Advisor Financial Planner Financial Planning 246

Nerd's Eye View

DECEMBER 11, 2023

For most financial advisors, 2023 was a year of rebound and reinvestment, as markets bounced back from the turbulence of 2022, and expanded profit margins allowed advisory firms room to reinvest back into the services and value they're providing clients to make sure their retention stays strong in the future.

Financial Advisor 245

Financial Advisor Financial Advice Ethics Financial Planning 245

AdvicePay

JANUARY 6, 2023

I think we can all agree that 2022 was a huge year for fee-for-service financial planning! As we reflect back on the year, we've compiled our top five most-read blog posts of 2022. From creating a client service calendar to generating 5-figure flat fees for service, we covered a lot of hot topics.

Financial Planning 73

Financial Planning Clients Planning Sales 73

eMoney Advisor

MARCH 21, 2023

Historically, staying the course and following a financial plan has outperformed rash investment decisions when there are times of uncertainty in the financial market. But it takes a strong plan—and no small amount of willpower—to do this. ” Investopedia , 2022. link] 3 Kagan, Julia. February 16.

Financial Planning 72

Financial Planning Planning Marketing Marketing 72

The Chicago Financial Planner

JUNE 13, 2022

After a strong finish in 2020 and very solid returns in 2021, we’ve seen a lot of market volatility so far in 2022. Assuming that you have a financial plan with an investment strategy in place there is really nothing to do at this point. The S&P 500 index was down about 17.6% Nobody can predict how long this will last.

Risk Tolerance 188

Risk Tolerance Marketing Marketing Financial Planner 188

Zoe Financial

APRIL 7, 2025

I ntra-year drop: Markets are down ~1819% this year high, but still within historical norms: 2022: 25% 2020 (COVID): 34% 2008 (financial crisis): 49% Volatility spike: VIX rose above 45 one of the highest on record. For investors, this may be a time to revisit your financial plan, not to panic. Stay tuned for next week.

Marketing 81

Marketing Marketing Risk Tolerance Financial Advisor 81

eMoney Advisor

MARCH 23, 2023

Holistic financial planning incorporates a client’s total life and financial circumstances into their plan. The purpose is to go beyond helping clients achieve financial goals by supporting them in living a more meaningful life. Getting started with holistic planning is not always straightforward, however.

Financial Planning 69

Financial Planning Planning Clients Estate Planning 69

Nerd's Eye View

MARCH 27, 2023

According to the 2022 Kitces Research study, “How Financial Planners Actually Market Their Services”, advisors without the CFP marks typically spend more of their time on marketing activities relative to CFP practitioners (allowing them to spend more time on higher-value tasks).

CFP 246

CFP Clients Certification Financial Advice 246

eMoney Advisor

DECEMBER 14, 2022

Fact-finding, retirement literacy, and leading with planning round out the list of hot topics for 2022. 6 Effective Financial Professional Prospecting Tactics. Financial Planning KPIs Your Firm Should Be Tracking. Growing Your Financial Planning Practice by Leading with Planning. ” 9.

Financial Planner 78

Financial Planner Financial Planning Retirement Clients 78

Nerd's Eye View

AUGUST 12, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the U.S.

Financial Planner 245

Financial Planner Retirement Healthcare Numbers 245

Abnormal Returns

JULY 25, 2022

Podcasts Michael Kitces talks with Andrew Komarow who is the founder of Tenpath Financial Group and Planning Across the Spectrum (kitces.com) Diana Britton talks with Danika Waddell, resident and founder of Xena Financial Planning, about going independent. wealthmanagement.com) Daniel Crosby talks with Sarah D.

Financial Planning 130

Financial Planning Planning Management Retirement 130

Ballast Advisors

OCTOBER 6, 2023

2022 Key Numbers Plan Your Finances as You Would Your Exercise 2021 Year-End Tax Tips 1 2 3 Next » Managing Bond Risks When Interest Rates Rise There’s Still Time to Contribute to an IRA for 2021 What is the Fed Taper?

Financial Planning 52

Financial Planning Planning Financial Planner Healthcare 52

The Chicago Financial Planner

NOVEMBER 27, 2022

The maximum for 2022 is $61,000, this has been increased to $66,000 for 2023. For 2022, the employer and employee combined contribution limit is a maximum of $61,000 and $67,500 for those who are 50 or over, respectively. Employee contribution limits are $20,500 for 2022 and $22,500 for 2023. Employer contributions only.

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Nerd's Eye View

SEPTEMBER 18, 2023

Data from the 2022 Kitces Research Study on “How Financial Planners Actually Do Financial Planning” provide some answers about what advisors can expect when going beyond a solo practice, shedding light on the impact that hiring has on advisor capacity. What type(s) of employee should they hire?

Financial Planner 246

Financial Planner Clients Planning Financial Planning 246

Nerd's Eye View

JULY 19, 2023

In 2022, the first states to adopt the new Model Rule implemented their IAR CE requirements, and by 2024, at least 15 states will have begun requiring IAR CE. To address this issue, the North American Securities Administrators Association (NASAA) in 2020 released a Model Rule creating the first-ever CE requirements for IARs.

Education 49

Education Investments Investing CFP 49

XY Planning Network

DECEMBER 19, 2022

Over the past year, we've published articles written with one purpose in mind: to help independent financial advisors be successful. As 2022 comes to a close, we rounded up our top 10 most-viewed blogs published this year. 5 MIN READ.

Financial Advisor 92

Financial Advisor Fee Only Financial Planner Financial Planning 92

Abnormal Returns

JANUARY 2, 2023

Podcasts Michael Kitces talks with Carl Richards about building a career in financial advice. kitces.com) Jamie Hopkins & Ana Trujillo Limón talk with Dave Yeske, CFP, founder and Managing Director of YeskeBuie about the role of emotions in financial planning. wiredplanning.com) SECURE 2.0 A deep dive into SECURE Act 2.0

Distribution 130

Distribution Financial Advice CFP Financial Planning 130

Abnormal Returns

SEPTEMBER 26, 2022

standarddeviationspod.com) Future Proof Lisa Shidler, "Future Proof 2022's festival-style event was a hit and will return next year to the same Huntington Beach coastal location." riabiz.com) Three positives, and three negatives, from the 2022 Future Proof festival. ft.com) Advisers Why checklist-style financial planning isn't all bad.

Tax Planning 130

Tax Planning Startup Compliance Financial Planning 130