Nerd's Eye View

FEBRUARY 5, 2024

Welcome to the February 2024 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 Financial Planning Planning Wealth Management 246

Nerd's Eye View

DECEMBER 11, 2023

Which, thanks to the new rollouts in both California and Florida in 2024, will mean nearly half of all financial advisors who are IARs will need to fulfill the new IAR CE requirement in 2024… as once an advicer has half a dozen clients in any of the 17 states or the District of Columbia, they have to comply with the new IAR CE rules.

Financial Advisor 245

Financial Advisor Financial Advice Ethics Financial Planning 245

Nerd's Eye View

MARCH 21, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a report from Cerulli Associates found that, amidst an industry-wide trend towards comprehensive financial planning and away from pure transaction-based investment management, asset-based fees currently represent 72.4%

Financial Planner 228

Financial Planner Commission Communication Clients 228

Wealth Management

NOVEMBER 15, 2024

Andrew Altfest reveals how FP Alpha is revolutionizing financial planning through AI, enabling advisors to offer comprehensive services at the 2024 Nitrogen Fearless Investing Summit.

Financial Advising 260

Financial Advising Financial Planning Planning Investing 260

Nerd's Eye View

OCTOBER 30, 2023

In addition, we've also updated our popular " Master Conference List " of all financial advisor conferences in 2024, both for advisors looking for a wider range of events to attend (if you want to delve deeper into a particular topical area), and for vendors looking for more conferences to exhibit at!

Financial Advisor 246

Financial Advisor Numbers Budgeting Financial Planning 246

Wealth Management

NOVEMBER 14, 2024

Morgan Christiansen, VP of Distribution at The Pinnacle Group, explores the evolving role of insurance in financial planning at Nitrogen's 2024 Fearless Investing Summit.

Insurance 246

Insurance Wealth Management Management Distribution 246

Abnormal Returns

FEBRUARY 4, 2024

(humbledollar.com) Are you doing these seven things that represent 'real financial planning'? wsj.com) How major asset classes performed in January 2024. blairbellecurve.com) Why investors are pulling money from TIPS ETFs. ft.com) What happens when you stop focusing on the stock market.

Financial Planning 293

Financial Planning Accounting Portfolio Assets 293

Abnormal Returns

DECEMBER 11, 2024

slate.com) Personal finance Financial planning is all about tradeoffs. barrons.com) Financial stress is real. barrons.com) Financial stress is real. morningstar.com) Books that shifted Money With Katie's thinking in 2024 including "Winners Take All: The Elite Charade of Changing the World" by Anand Giridharadas.

Retirement 144

Retirement Financial Advice Taxes Financial Planning 144

Million Dollar Round Table (MDRT)

JANUARY 12, 2025

In these top videos posted on MDRTs YouTube channel in 2024, learn how MDRT members communicate and work with clients. The ideas they share can help you better attract and retain clients.

Clients 105

Clients CFP Communication Financial Advisor 105

Dear Mr. Market

DECEMBER 31, 2024

Because when it comes to financial planning, you’re ready to write it downand studies show that writing down your goals makes you 42% more likely to achieve them. Heres your top 10 financial planning checklist for the new year. Track Progress Regularly Financial plans arent set it and forget it.

Budgeting 105

Budgeting Financial Planning Estate Planning Planning 105

Carson Wealth

JULY 18, 2024

Carson Investment Research 2024 Midyear Outlook: Eyes on the Prize The economy continues to see a solid rate of expansion with low risk of a recession. We are targeting a total return for the S&P 500 of 17-20% in 2024. The aim of our Midyear Outlook 2024: Eyes on the Prize is to stay focused on what matters for investors.

Investing 139

Investing Investments Economy Economics 139

MainStreet Financial Planning

NOVEMBER 8, 2024

For 2024, the IRS has increased contribution limits: – 401(k), 403(b), and most 457 plans: You can contribute up to $23,000. While IRA contributions for 2024 can be made until April 15, 2025, contributing before year-end allows you to benefit from tax-deferred growth sooner.

Taxes 97

Taxes Medical Consulting Education 97

XY Planning Network

DECEMBER 2, 2024

At XYPN LIVE 2024, we celebrated 10 years of doing that—supporting fee-for-service financial advisors in launching, running, and growing the firm of their dreams. That’s 10 years of REAL support, REAL independence, and REAL financial planning.

Financial Advisor 106

Financial Advisor Financial Planning Planning Fee Only 106

Nerd's Eye View

OCTOBER 2, 2024

In this environment, financial advisors have the opportunity to add value for their clients not only by giving a clear explanation about the current status of Social Security and the potential legislative changes that could improve its solvency, but also by modeling what (realistic) changes would mean for their clients' financial plans.

Retirement 246

Retirement Clients Financial Planning Financial Advisor 246

MainStreet Financial Planning

OCTOBER 30, 2024

million Percentage of Americans with a Will: 32% Caring.com’s 2024 Wills Survey indicates that only 32% of people in America have a will. While comparing your financial situation to national averages can provide insight into where you stand, it’s important to remember that these benchmarks are just guidelines.

Retirement 98

Retirement Financial Planning Planning Accounting 98

Abnormal Returns

NOVEMBER 6, 2023

papers.ssrn.com) Taxes A 2023 year-end tax planning guide. kitces.com) Advisers How the profession of financial planning has changed over time. etf.com) The latest in financial advisortech including a new pay-per-lead generation platform. thinkadvisor.com) The 10 best financial advisor conferences to attend in 2024.

Wealth Management 261

Wealth Management Retirement Planning Tax Planning Financial Advisor 261

Nerd's Eye View

DECEMBER 19, 2022

But a lawsuit to block the rule ultimately led to it (and the associated Title Protection for "financial planner") being vacated… by the FPA. Which means there is still ample time for the FPA to clarify its intentions and any further swings in its advocacy views.

Financial Planner 243

Financial Planner CFP Certified Financial Planner Financial Planning 243

MainStreet Financial Planning

JANUARY 5, 2024

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 1-16-24 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!

CFP 98

CFP Financial Planning Insurance Planning 98

Nerd's Eye View

JANUARY 13, 2025

And we recently hired several new team members as well, including Managing Editor Shannen Patel (as former Managing Editor Sydney Squires transitions to become a Senior Financial Planning Nerd writer for Kitces) and Manager of People & Culture Dora Ogar! We're also further expanding our more 'deep-dive' educational programs.

Financial Advice 147

Financial Advice Ethics Financial Planning Education 147

MainStreet Financial Planning

JANUARY 23, 2025

For 2024, the maximum taxable earnings subject to Social Security tax is $168,600. Review Your Estate Planning Documents Take some time to review the key documents in your estate plan, such as your will, power of attorney, and property deeds. Log intomyssa.govto view and confirm your earnings history.

Estate Planning 77

Estate Planning Budgeting Taxes Insurance 77

Nerd's Eye View

DECEMBER 13, 2024

Also in industry news this week: While the SEC has had the power to restrict mandatory arbitration clauses in RIA client agreements for more than a decade, an advisory committee meeting this week suggests support for such a measure isn't unanimous CFP Board saw a record number of exam-takers during 2024, reflecting recognition of the professional and (..)

Financial Planner 246

Financial Planner CFP Retirement Certification 246

AdvicePay

MAY 22, 2024

Earlier this year, we released our 2024 Fee-for-Service Industry Trend Report , showcasing data from over 380,000 fee-for-service financial planning transactions processed through our platform in 2023. We are excited to share some of the top questions from the webinar.

Financial Planning 82

Financial Planning Compliance Planning Management 82

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

MainStreet Financial Planning

JANUARY 10, 2025

Reflect on the Past Year Celebrate the wins and learn from the challenges Before you dive into setting new financial goals, take a moment to reflect on the year thats passed. What worked well in 2024, and what could have gone better? Stay committed, stay focused, and enjoy the journey toward financial freedom!

Budgeting 86

Budgeting Planning Retirement Financial Planning 86

Darrow Wealth Management

MARCH 3, 2025

Stocks vs bonds historical returns by calendar year (1997 – 2024) Top takeaways: Between 1997 and 2024, the S&P 500 returned 9.7% Returns shown are based on calendar year returns from 1950 to 2024. Growth of $100,000 is based on annual average total returns from 1950 to 2024. on an average annualized basis.

Risk Tolerance 67

Risk Tolerance Asset Allocation Assets Portfolio 67

XY Planning Network

AUGUST 27, 2024

Each year, XYPN turns the spotlight to the tech and solutions that support real financial planners in delivering more efficient, profitable, or impactful advice to clients. For most advisors, the value of financial planning is ascribed to the products they sell.

Financial Planner 90

Financial Planner Financial Planning Financial Advisor Clients 90

MainStreet Financial Planning

MARCH 14, 2024

Here are 5 areas to review to determine if you may need to make some adjustments for 2024. Review Tax Withholding: Check your paystubs to assess if adjustments to your W-4 are needed to avoid overpaying or underpaying taxes in 2024. The post Make your 2024 Taxes Less Taxing by giving yourself a Tax Checkup!

Taxes 92

Taxes Retirement Planning Healthcare Retirement 92

Abnormal Returns

OCTOBER 23, 2023

(kitces.com) The SEC's examination priorities for 2024 include the marketing rule and alternative assets. riabiz.com) The upside of pro bono financial planning. investmentnews.com) Advisers Why the myth of a big wealth transfer from Baby Boomers persists.

Compliance 157

Compliance Estate Planning Financial Advice Financial Advisor 157

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 Investing Investments CFP 49

Ballast Advisors

OCTOBER 6, 2023

Claim the Home Energy Audit Tax Credit: IRS Guidance Explained 7 Tips to Navigate Healthcare Over 65 What’s Happening in the World of Higher Education?

Financial Planning 52

Financial Planning Planning Financial Planner Healthcare 52

Indigo Marketing Agency

JULY 23, 2024

Instead of setting your web presence on the back burner for another month, draw inspiration from some of the effective, professional websites for financial advisors that the marketing experts here at Indigo Marketing Agency have built recently. Seals Financial Planning & Investments What does Seals do right?

Financial Advisor 98

Financial Advisor Certified Financial Planner Retirement Clients 98

Your Richest Life

MARCH 8, 2024

But it’s also a time to pay attention to the financial challenges women are still facing, and how to overcome them. Taking Time Off: Financial Planning for Women Women are still the primary caretakers, both for children and other family members. In 2024, for every dollar men earn, women earn 84 cents.

Financial Planning 59

Financial Planning Planning Medical Retirement Planning 59

Sara Grillo

JANUARY 3, 2025

Mark Berg of Timothy Financial has a great story about how he scaled his hourly financial planning firm, grow it to a multiple-advisor company. I am a CFA charterholder and financial advisor marketing consultant. They were expected to do $5 million in revenues in 2024 and the firm is very profitable, according to Mark.

Financial Planning 59

Financial Planning Planning Financial Advice Financial Advisor 59

Walkner Condon Financial Advisors

FEBRUARY 15, 2024

As we move into 2024, we must consider the important factors causing this trend and affecting the future of charitable giving. Whichever way you look at it, 2024 will bring uncertainty for a vast swath of the nonprofit sector, making planning and charitable spending more conservative and less dependable.

Nonprofit 89

Nonprofit Distribution Government Assets 89

A Wealth of Common Sense

JANUARY 22, 2024

On today’s show, we discuss: The macro economy in 2023, and what to expect in 2024 Financial planning basics Commodity trading Behavioral finance and how it affects investing decisions A live Q and A A conversation with Andy Daniels, a legend in the commodity trading.

Financial Planning 102

Financial Planning Economy Planning Investing 102

Your Richest Life

MARCH 12, 2025

But before you hand off your taxes to the IRS, there are some updates and changes that you should keep in mind: Filing Taxes in 2025: Tax Filing Date As usual, the deadline to file federal tax returns for most taxpayers is Monday, April 15, 2024. Here is a list of the states with an extended filing date this year.

Taxes 52

Taxes Fee Only Electronics CFP 52

Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important?

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52