Nerd's Eye View

MAY 1, 2023

Welcome to the May 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!

Taxes 245

Taxes Retirement Planning Advertising Retirement 245

Nerd's Eye View

APRIL 28, 2023

House of Representatives committee this week approved legislation that would expand the pool of individuals who would qualify as accredited investors able to access certain private offerings Proposed bipartisan legislation would allow individuals to use funds in 529 plans for expenses associated with acquiring or maintaining postsecondary credentials, (..)

Financial Planner 246

Financial Planner Certification Retirement Planning Retirement 246

MainStreet Financial Planning

OCTOBER 30, 2024

Whether it’s savings, retirement funds, or net worth, understanding where you stand can provide valuable perspective on your financial progress. 401(k) account contribution: 8.0% In 2023, Capitalize found the average employee-only contribution was 8%; the average dollar amount of employee-only contributions of $5,993.

Retirement 98

Retirement Financial Planning Planning Accounting 98

Wealth Management

FEBRUARY 28, 2024

The amount of seven-figure retirement accounts at Fidelity Investments surged in the fourth quarter of 2023.

Numbers 279

Numbers Retirement Accounting Investing 279

Wealth Management

SEPTEMBER 22, 2023

NFP grew its wealth and retirement business in Utah, R&R left Avantax for Commonwealth, tru Independence launched its 4th firm of 2023 and Johnson Financial, LPL and Kestra all made announcements this week.

Wealth Advisor 287

Wealth Advisor Retirement 287

Wealth Management

MAY 22, 2023

After 24 years, the company’s founder informed the board he will retire from his leadership position by the end of 2023.

Retirement 261

Retirement 261

Wealth Management

DECEMBER 19, 2022

Thursday, January 19, 2023 | 2:00 PM ET

Retirement Planning 202

Retirement Planning Retirement Planning Investments 202

Abnormal Returns

DECEMBER 20, 2023

(podcasts.apple.com) Retirement How to find a new you in retirement. ofdollarsanddata.com) What's changing for retirement accounts in 2024. morningstar.com) Why it's so hard to stay retired when you retire early. morningstar.com) Why it's so hard to stay retired when you retire early.

Retirement 279

Retirement Portfolio Accounting Taxes 279

Abnormal Returns

MARCH 15, 2023

(open.spotify.com) Christine Benz and Jeff Ptak talk with Robert Powell about generating income in retirement. morningstar.com) Banking Eight questions about the banking panic of 2023 including 'Is my money safe?' wsj.com) Retirement Retirement planning is a moving target.

Retirement Planning 246

Retirement Planning Retirement Financial Services Financial Advisor 246

Mullooly Asset Management

OCTOBER 25, 2022

If you save money into a retirement account, like a 401(k), 457 or 403(b), you will be able to contribute more in 2023. The IRS announced a new contribution limit of $22,500 for these accounts starting next year. That is an increase of $2,000 from the 2022 limit of $20,500. This is important for workers […].

Accounting 96

Accounting Retirement 96

Nerd's Eye View

DECEMBER 25, 2023

And as 2023 draws to a close, we wanted to highlight 25 of the most popular and insightful articles that were featured throughout the year (that you might have missed!).

Financial Advisor 246

Financial Advisor Insurance Financial Planner Clients 246

The Big Picture

APRIL 13, 2023

Some encouraging news about people saving for retirement: A study by Vanguard Group found that “Automatic enrollment and the rise of target-date funds” are having a substantial and positive impact on retirement savers, in particular, on Millennials and Generation Z investors. Clark and Kevin D.

Retirement 278

Retirement Planning 278

Abnormal Returns

JANUARY 1, 2024

thinkadvisor.com) A review of the RIA world in 2023. kitces.com) How to use an HSA in retirement. (podcasts.apple.com) Advisers The RIA keeps taking market (and mind) share. riabiz.com) Can a fiduciary adviser safely use AI-generated advice? kindnessfp.com) The bond market rally is helping to repair Schwab's ($SCHW) balance sheet.

Retirement 281

Retirement Taxes Clients Marketing 281

Abnormal Returns

JANUARY 4, 2023

Retirement Why you need a diversified life portfolio in retirement. wsj.com) Why you want to have options in retirement. msn.com) New year Ten words for 2023 including 'Simplify.' kiplinger.com) Everybody wants the FI in FIRE. bestinterest.blog) Giving up How to de-prioritize activities that don't serve you.

Certification 243

Certification Startup Retirement Portfolio 243

Calculated Risk

OCTOBER 10, 2024

On average, Social Security retirement benefits will increase by about $50 per month starting in January. in 2023, up 4.4% From Social Security: Social Security Announces 2.5 Percent Benefit Increase for 2025 Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5

Retirement 289

Retirement Taxes 289

Nerd's Eye View

JANUARY 19, 2024

in 2023, the RIA space showed significantly more strength, with 10.4% Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study has found that while total financial advisor headcount across all channels only increased by 0.3%

Financial Planner 246

Financial Planner Fiduciary Duty Retirement Retirement Planning 246

Abnormal Returns

OCTOBER 2, 2023

(investmentnews.com) Breakthru was a welcome addition to Future Proof 2023. investmentnews.com) Retirement Why spending money in retirement can be so difficult. heritagefinancial.net) Older Americans are increasingly holding debt in retirement. thinkadvisor.com) When hiring high profile hip hop artists backfires.

Wealth Management 259

Wealth Management Startup Retirement Engineering 259

Abnormal Returns

FEBRUARY 12, 2024

investmentnews.com) Lifetime income Americans need more help managing retirement income. thinkadvisor.com) Five steps to create a paycheck in retirement. kindnessfp.com) DPL Financial Partners saw a big boost in annuity sales in 2023. (citywire.com) KKR ($KKR) says they are making headway selling alts to mass affluent investors.

Wealth Management 262

Wealth Management Retirement Communication Investment Planning 262

The Big Picture

MAY 24, 2023

It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. Households in 2022. Peter Coy fleshes out lots of the details here: “ Unemployment Is Low, But So Is the National Mood.”

Medical 289

Medical Media Economics Retirement 289

Nerd's Eye View

JANUARY 13, 2023

FINRA has released its enforcement priorities for 2023, including a continued focus on compliance with Regulation Best Interest as well as several new priority topics, such as manipulative trading, fixed-income pricing, and trading in fractional shares.

Financial Planner 241

Financial Planner Retirement Planning Retirement Compliance 241

Nerd's Eye View

AUGUST 16, 2024

Also in industry news this week: Fidelity and Advyzon are teaming up to offer RIAs a combined custodial platform-AdvisorTech bundle aimed at smaller RIAs, though its unclear whether Fidelity will take on some of the smallest firms A report indicates that RIA M&A grew in the first half of the year compared to the same period in 2023, with new firms (..)

Financial Planner 246

Financial Planner Communication Retirement Commission 246

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

Abnormal Returns

DECEMBER 25, 2023

morningstar.com) Wealthy couples have some tax levers to pull in retirement. crr.bc.edu) Some highlights from the Nerd's Eye View blog in 2023. And more questions to ask when growing your practice. advisorperspectives.com) Do financial advisers recommend annuities to their clients? kitces.com)

Financial Advising 289

Financial Advising Startup Commission Financial Advice 289

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

Good Financial Cents

JANUARY 26, 2023

Early retirement has become a popular financial goal. Even if you never retire early, just knowing that you can is liberating! Can You Really Retire at 50? Can You Really Retire at 50? Table of Contents Can You Really Retire at 50? FAQs on Retiring Early at 50 It’s a big bold claim – retire at 50?

Retirement 122

Retirement Taxes Accounting Retirement Planning 122

Abnormal Returns

DECEMBER 26, 2022

(kitces.com) Christine Benz and Jeff Ptak discuss the recent "The State of Retirement Income" report. rationalreminder.libsyn.com) The biz The DeVoe 2023 M&A report shows expectations for lower RIA valuations. nytimes.com) Retirement How to optimize Social Security benefits as a widow. morningstar.com) SECURE Act 2.0

Risk Tolerance 241

Risk Tolerance Financial Planner Financial Advising Compliance 241

Nerd's Eye View

FEBRUARY 10, 2023

Among others, one notable item that could be reviewed is the current certification requirement that a candidate must have attained at least a bachelor’s degree, which some observers have suggested limits the pool of potential CFP professionals at a time of high demand for advisor talent.

Financial Planner 246

Financial Planner CFP Certification Retirement Planning 246

Nerd's Eye View

MARCH 3, 2023

If this trend continues, 2023 would be the first year in more than a decade to see fewer transactions than the year before, though some industry observers continue to see significant appetite for deals. Read More.

Financial Planner 241

Financial Planner Retirement Clients Numbers 241

The Big Picture

DECEMBER 11, 2023

I have been calling out their nonsense for nearly two decades and was ready to retire my Black Friday debunking of their annual Thanksgiving silliness. Here’s Reuters : “The main lobbying group for U.S. And second, be wary of what self-interested trade groups say about their industry; they are lobbyists and cheerleaders, not seekers of truth.1

Retail 353

Retail Accounting Sales Numbers 353

Abnormal Returns

FEBRUARY 13, 2023

mattreiner.com) SEC The SEC is going to focus on the new marketing rule in 2023. wealthmanagement.com) Retirement Why most people underestimate their chances of living into old (90+) age. wsj.com) Retirement spending is more flexible than commonly thought. blogs.cfainstitute.org) Why reverse mortgage volume is on the rise.

Clients 245

Clients Retirement Financial Services Taxes 245

The Big Picture

SEPTEMBER 6, 2023

Watch Danny Boyd of CinemaStix’s video (above) about the challenges of making a flick about a retired hitman. But it almost wasn’t made at all. One of the highest-grossing films of all time, and nominated for nine Academy Awards.

Distribution 306

Distribution Retirement Sales 306

Nerd's Eye View

OCTOBER 21, 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 a series of changes affecting retirement planning, dubbed “SECURE ACT 2.0”, Social Security COLA for 2023. ”, by the end of the year.

Financial Planner 234

Financial Planner Retirement Planning Retirement Insurance 234

Nerd's Eye View

DECEMBER 16, 2022

We also have a number of articles on retirement planning: While weak stock and bond market performance has challenged advisors and their clients this year, these trends have likely increased the ‘safe’ withdrawal rate for new retirees.

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Calculated Risk

AUGUST 6, 2023

in July 2023, down from 38.4% in July 2023, down from 43.6% 4) The decline in teenager participation is one of the reasons the overall participation rate has declined (of course, the retiring baby boomers is the main reason the overall participation rate has declined over the last 20+ years). Click on graph for larger image.

Retirement 233

Retirement Economy 233

Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. 2] If you are likely to be in a higher tax bracket when you retire, a Roth IRA can be a good way to minimize your taxes in retirement.

Retirement 97

Retirement Taxes Retirement Planning Accounting 97

Abnormal Returns

FEBRUARY 7, 2024

spyglass.org) Earlier on Abnormal Returns Personal finance links: retirement preparedness. newsletter.abnormalreturns.com) Mixed media The New York Times ($NYT) added 300,000 paid digital subscribers in Q4 2023. (hollywoodreporter.com) M.G. Siegler, "Netflix did not want to become HBO, they wanted to become television."

Financial Advising 263

Financial Advising Media Retirement Assets 263

The Big Picture

MAY 4, 2023

Owners tend to be fairly well off, and each incremental dollar they earn is more likely to be spent elsewhere – retirement savings, durable goods, etc. 104-23, May 1, 2023 The post Want More Jobs? It stays local and is likely to benefit the regional economy. It has aa much smaller impact on the local economy.

Food 364

Food Economy Retail Retirement 364