Wealth Management

JANUARY 6, 2023

New FPA President James Lee outlined the organization’s plans for the new year and the reasons behind its departure from the Financial Planning Coalition.

Financial Planning 261

Financial Planning Planning 261

The Chicago Financial Planner

NOVEMBER 27, 2022

One of the best tax deductions for a small business owner is funding a retirement plan. If you don’t plan for your own retirement who will? Two popular small business retirement plans are the SEP-IRA and Solo 401(k). SEP-IRA vs. The maximum for 2022 is $61,000, this has been increased to $66,000 for 2023. Eligibility.

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Nerd's Eye View

FEBRUARY 6, 2023

Welcome to the February 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

B2B 246

B2B Financial Advice Clients Planning 246

Nerd's Eye View

SEPTEMBER 4, 2023

Welcome to the September 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Startup 246

Startup Clients Financial Advisor Financial Planning 246

Nerd's Eye View

OCTOBER 2, 2023

Welcome to the October 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Communication 246

Communication Portfolio Management Clients Tax Planning 246

Nerd's Eye View

JULY 3, 2023

Welcome to the July 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

Estate Planning 246

Estate Planning Clients Media Planning 246

MainStreet Financial Planning

OCTOBER 30, 2024

Gen Z median savings $200 Millennials median savings $500 Gen Xers have median savings $868 Baby Boomers median savings $1,000 Average credit score in the US: 715 While credit scores tend to be higher for older individuals, according to Experian , the average score in 2023 is 715 which is considered Good credit. Average net worth: $1.06

Retirement 98

Retirement Financial Planning Planning Accounting 98

eMoney Advisor

MARCH 1, 2023

As financial planners, we need to build an inclusive environment where women have the confidence to use their voice in financial conversations, can discuss finances with people they relate to, and have their unique concerns addressed. ” Accessed February 2023. Sources: 1. Own your worth.

Financial Planning 100

Financial Planning Planning CFP Financial Planner 100

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. ” April 1, 2023. Nandita Das, Ph.D.,

Financial Planning 101

Financial Planning Planning Financial Planner CFP 101

eMoney Advisor

JANUARY 12, 2023

If you’ve resolved to add more meaning to your work in 2023 using your skills as a financial planner, you’ve come to the right place. We’ve gathered seven unique volunteer opportunities for financial professionals, including pro bono financial planning. Foundation for Financial Planning.

Financial Planning 107

Financial Planning Planning Financial Planner CFP 107

Abnormal Returns

NOVEMBER 6, 2023

ft.com) Creative Planning has closed on its purchase of Goldman Sachs' ($GS) PFM unit. citywire.com) Creative Planning is expanding its reach in the retirement plan space. papers.ssrn.com) Taxes A 2023 year-end tax planning guide. kitces.com) Advisers How the profession of financial planning has changed over time.

Wealth Management 261

Wealth Management Retirement Planning Tax Planning Financial Advisor 261

Nerd's Eye View

MAY 17, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study indicates that while overall social media engagement for financial services companies was down in 2023 compared to the previous year, firms boosted their engagement through posts that were entirely original content (..)

Financial Planner 238

Financial Planner Wealth Management Retirement Investment Planning 238

Nerd's Eye View

DECEMBER 23, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, ”, a series of measures that will have significant impacts on the world of retirement planning.

Financial Planner 246

Financial Planner Financial Planning Retirement Planning Budgeting 246

The Big Picture

NOVEMBER 15, 2023

Manage all of the above toward your financial goals and plan. If it works out great if it goes to $0, oh, well it’s only a few percent and doesn’t affect your financial plan or your standard of living. March 3, 2023) How to Use Behavioral Finance in Asset Management: Part I , Part II , Part III _ 1.

Investing 344

Investing Investments Portfolio Economics 344

Abnormal Returns

FEBRUARY 12, 2024

Podcasts Brendan Frazier talks with Sten Morgan, the founder of Legacy Investment Planning, about better communicating with clients. kindnessfp.com) DPL Financial Partners saw a big boost in annuity sales in 2023. financial-planning.com) Why diversity is an advantage for wealth management firms. thinkadvisor.com)

Wealth Management 257

Wealth Management Retirement Communication Investment Planning 257

Abnormal Returns

JUNE 19, 2023

standarddeviationspod.com) Michael Kitces talks with Danika Waddell about the unique circumstances in building Xena Financial Planning. wealthmanagement.com) Preparing a free financial plan is no guarantee a prospective client will sign up. wsj.com) From Vanguard the 2023 version of their How America Saves report.

Financial Advising 243

Financial Advising Financial Planning Media Retirement 243

NAIFA Advisor Today

DECEMBER 4, 2024

He was honored with NAIFA's Terry Headley Lifetime Defender Award in 2023, recognizing his significant contributions to the industry. A US Army veteran and former president of the NAIFA, John is also known for his dedication to mentoring the next generation of financial advisors in NAIFA's Future Leaders program.

Financial Services 98

Financial Services Financial Advisor Financial Planning Insurance 98

The Reformed Broker

MARCH 13, 2023

Follow Samir on: Twitter Linkedin Substack Let us know if we can help you with your financial plan or portfolio: [link]. The post The Bank Run of 2023 appeared first on The Reformed Broker.

Banking 130

Banking Financial Planning Portfolio Planning 130

Nerd's Eye View

JULY 25, 2022

Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment.

Financial Planning 244

Financial Planning Education Estate Planning CFP 244

Abnormal Returns

AUGUST 14, 2023

humansvsretirement.com) Corey Hoffstein talks with Martin Tarlie, a Portfolio Manager at GMO, about bridging the gap between financial planning and portfolio management. thinkadvisor.com) IRAs IRS Notice 2023-54 answers some important questions for inherited IRAs. riabiz.com) Should your client portfolios be even simpler?

Portfolio Management 246

Portfolio Management Compliance Portfolio Financial Planning 246

Abnormal Returns

JULY 24, 2023

investmentnews.com) The 2023 Charles Schwab RIA Benchmarking Study are out. washingtonpost.com) Advisers Financial planning is a very specific field. (advisorperspectives.com) The biz Why publicly traded RIAs are still few and far between. finance.yahoo.com) Family offices are vacuuming up talent.

Valuation 243

Valuation Communication Financial Planning Management 243

Nerd's Eye View

JULY 26, 2024

The study also identified attributes of "top performing" firms across a range of metrics, finding that they are more likely than other firms to have a clear ideal client persona, client value proposition, and marketing plan.

Financial Planner 246

Financial Planner Retirement Communication Financial Advisor 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

Nerd's Eye View

DECEMBER 16, 2022

Also in industry news this week: While the FPA is going full steam ahead on its federal and state lobbying efforts to regulate the title “financial planner”, CFP Board is more focused on increasing recognition of the CFP marks. How firms can best leverage their internal data to improve the number of client referrals they receive.

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

eMoney Advisor

FEBRUARY 7, 2023

We also offer financial planning firms access to a more diverse talent pool. Like me, the remarkable professionals below are doing their part to change the financial planning landscape. Dr. Cherry is also the founder of Concurrent Financial Planning, where he helps clients pursue what he calls “life-money balance.”

Financial Planning 78

Financial Planning Planning Financial Planner CFP 78

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. So what does this mean for financial firms and professionals?

Financial Planning 88

Financial Planning Planning Clients Economics 88

Nerd's Eye View

APRIL 12, 2024

Implying that part of the potential appeal to such support platforms is not simply about whether it's more cost-effective to use their tech and services to replace the advisor's own overhead costs, but that it's easier to scale up quickly as a fast-grower by leveraging incrementally more of the support platform's capabilities than needing to take the (..)

Financial Planner 246

Financial Planner Insurance Recruitment Financial Advisor 246

The Big Picture

MAY 11, 2023

SAVE THE DATE: Future Proof 2023, September 10-13 We hosted the first Future Proof conference last year, and it was quite delightful (see all of the reviews here ). I think for RIAs, it is the most important conference event of the year, as do others ( Best Conference Experience for 2023 ). Its only 4 months away! the curve.

Wealth Management 162

Wealth Management Portfolio Management Management Investment Advisor 162

XY Planning Network

AUGUST 9, 2023

Discover cutting-edge advice-engagement tech at XYPN LIVE 2023 Each year, XYPN puts out the call for tech companies releasing the most innovative technology for financial advisors to share what they’ve been working on. Once again, they’ve answered! Here’s a hint: They blew it out of the water.

Financial Planning 98

Financial Planning Financial Advisor Clients Planning 98

Carson Wealth

DECEMBER 8, 2023

Petersen, CPA, CFP ® , CP, Affluent Wealth Planning The holidays are upon us! That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. Lastly, I allocate the retirement plan contributions between Roth and Traditional 401(k) accounts.

Planning 142

Planning Retirement Planning Taxes Retirement 142

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. Yesterday (May 4) it looked like this the odds of a pause were over 98.9%

Economics 363

Economics Financial Planning Manufacturing Numbers 363

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.

Financial Planning 72

Financial Planning Planning Marketing Marketing 72

Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Financial Planner 246

Financial Planner Compliance CFP Clients 246

XY Planning Network

NOVEMBER 6, 2023

Seven years ago XYPN started conducting an annual benchmarking survey of its members to provide data-backed firm journey analysis for fee-for-service financial planning firms. The survey focuses on revenue and expenses, client services, sources of clients/business, and pricing.

Fee Only 111

Fee Only Financial Planning Planning Clients 111

MainStreet Financial Planning

NOVEMBER 8, 2023

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 11-21-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting Free for current clients, $10 for guests Register Here! 31, 2023 appeared first on MainStreet Financial Planning.

Budgeting 96

Budgeting Financial Planning CFP Planning 96

Carson Wealth

OCTOBER 31, 2024

Without a long-term care plan in place, you rely on luck or charity. The family in Willy Wonka is clearly struggling financially at the beginning of the story, and there is little hope for a bright or financially secure future for them. In the end, what most people need is a plan for long-term care.

Planning 142

Planning Insurance Retirement Medical 142

Nerd's Eye View

MARCH 8, 2024

to prevent fraud.

Financial Planner 246

Financial Planner Asset Allocation Clients Risk Management 246