Calculated Risk

FEBRUARY 12, 2025

percent in January, accounting for nearly 30 percent of the monthly all items increase. Indexes that increased over the month include motor vehicle insurance, recreation, used cars and trucks, medical care, communication, and airline fares. Bureau of Labor Statistics reported today. percent before seasonal adjustment.

Food 144

Food Medical Communication Insurance 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. By Antoinette Tuscano, MDRT senior content specialist You can be an outstanding financial advisor; however, youre still out of business without clients. The ideas they share can help you better attract and retain clients.

Clients 105

Clients CFP Communication Financial Advisor 105

Nerd's Eye View

MARCH 24, 2025

Second, measurable progress: the plan needs objective standards and measurable benchmarks so that everyone can track development and stay accountable. We have provided an onboarding plan template for advisors to download, which breaks up the skills list into two primary categories: 1) client communication skills (e.g., Read More.

Planning 130

Planning Clients Financial Planning Communication 130

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner 246

Financial Planner Commission Communication Financial Advisor 246

Nerd's Eye View

AUGUST 28, 2024

Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans.

Assets 246

Assets Management Clients Compliance 246

Abnormal Returns

NOVEMBER 9, 2023

behavioralscientist.org) Annie Duke talks with Matt Abrahams author of “Think Fast, Talk Smart: Communication Techniques.” thegeneralist.substack.com) A first-hand account of a startup founder who is sticking it out. (collabfund.com) An excerpt from "Right Kind of Wrong: The Science of Failing Well" by Amy Edmondson.

Startup 256

Startup Communication Accounting 256

Nerd's Eye View

AUGUST 28, 2024

Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans.

Assets 245

Assets Management Compliance Retirement Planning 245

Nerd's Eye View

JULY 26, 2024

Also in industry news this week: While the number of RIA M&A deals has not surged in 2024, the average size of deals has increased, demonstrating interest from (often private-equity-backed) firms in pursuing larger targets Off-channel communication tops the list of concerns amongst RIA compliance professionals, with advertising and marketing coming (..)

Financial Planner 246

Financial Planner Retirement Communication Financial Advisor 246

Calculated Risk

MARCH 7, 2025

We will consider changes to our consensus statement (Statement on Longer-Run Goals and Monetary Policy Strategy) and to our communications as part of this review. We will consider lessons of the past five years and adapt our approach, where appropriate, to best serve the American people, to whom we are accountable.

Economics 157

Economics Economy Food Communication 157

Clever Girl Finance

JANUARY 9, 2023

Curious about how having an accountability partner works? Instead, the ideal scenario for human success is to have a person (or multiple people) who are on our path with us, such as an accountability partner. Let’s dive into the accountability partner meaning, the benefits of having external accountability, and how to find this person.

Accounting 98

Accounting Communication Investing Investments 98

Indigo Marketing Agency

MARCH 14, 2023

As a financial advisor, it’s crucial to effectively communicate this event to your clients to help them understand the potential impact it may have on their investments and overall financial well-being. Proactive communication is good client service. Does this level of communication feel overwhelming? Provide context.

Communication 98

Communication Banking Clients Financial Advisor 98

Nerd's Eye View

NOVEMBER 1, 2023

While this process might seem relatively straightforward, there are many reporting requirements for non-deductible IRAs (through IRS Form 8606) and numerous IRS rules around timing and accounting that can quickly turn this seemingly simple strategy into a literal lifetime of extra paperwork filing required of the taxpayer if completed incorrectly.

Taxes 246

Taxes Accounting Clients Retirement 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

Abnormal Returns

FEBRUARY 8, 2023

niemanlab.org) A first-hand account of using the new AI-powered Bing. They now also have to be good at communicating. (awealthofcommonsense.com) Neil Dutta, "In my view, what makes someone worth listening to is whether their thought process makes sense. It is not enough to point to this indicator or that one."

Financial Advising 244

Financial Advising Advertising Communication Economy 244

Nerd's Eye View

JULY 31, 2024

Which means the firm will need to provide records of holdings and transactions for each of its clients (which may require some training and practice for employees to be able to quickly pull the needed data from the firm's custodian), as well as archived client communications and any advertisements produced by the firm.

Compliance 246

Compliance Ethics Advertising Clients 246

Nerd's Eye View

APRIL 26, 2023

accounting reports, client contract templates, and a surety bond) and filing an annual renewal fee near the end of the year. Putting all of this information together, it's possible to create a compliance calendar for solo advisors that accounts for each task required, its frequency, and the due date for each.

Compliance 246

Compliance Clients Advertising Accounting 246

Nerd's Eye View

AUGUST 30, 2024

Also in industry news this week: While many pre-retirees feel unprepared for retirement, longitudinal survey data suggest most will end up living a comfortable retirement, suggesting a role for financial advisors to show them projections of what their retirement could actually look like According to a recent survey, high-net-worth individuals are largely (..)

Financial Planner 241

Financial Planner Financial Advisor Retirement Clients 241

Nerd's Eye View

AUGUST 11, 2022

Furthermore, by communicating proactively, advisors can maintain the confidence their clients have in them and deflect any misleading messaging from other institutions that may guarantee products that promise any level of unrealistic certainty. Read More.

Clients 189

Clients Financial Planning Communication Financial Advisor 189

WiserAdvisor

SEPTEMBER 20, 2023

In the context of retirement accounts, a vested balance represents the portion of funds that an individual has rightfully accrued in their retirement savings account, often through self and employer contributions. This ownership difference underscores the importance of understanding your retirement account’s vesting rules.

Accounting 100

Accounting Retirement Retirement Planning Planning 100

Nerd's Eye View

FEBRUARY 7, 2024

In earlier days, questions simply facilitated the process of gathering information in order to open accounts and recommend the appropriate products to be sold. The need for financial professionals to ask prospects and clients questions has a long history in the industry.

Clients 246

Clients Communication Financial Planning Retirement 246

NAIFA Advisor Today

AUGUST 1, 2023

Enrollment, quoting, customer management and engagement, and commissions are handled by disparate platforms that lack communication and may not be tailored to the industry's specific needs.

Commission 98

Commission Insurance Sales Accounting 98

Nerd's Eye View

NOVEMBER 15, 2022

Read More.

License 244

License Financial Advisor Clients Communication 244

Nerd's Eye View

APRIL 26, 2023

accounting reports, client contract templates, and a surety bond) and filing an annual renewal fee near the end of the year. Putting all of this information together, it’s possible to create a compliance calendar that accounts for each task required, its frequency, and the due date for each.

Compliance 246

Compliance Clients Accounting Advertising 246

Calculated Risk

JULY 12, 2023

The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increas e, with the index for motor vehicle insurance also contributing. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. The food index increased 0.1

Food 209

Food Insurance Communication Accounting 209

Nerd's Eye View

JULY 12, 2024

Also in industry news this week: 2 House committees this week advanced legislation that would halt implementation of the Department of Labor's new Retirement Security Rule, which, combined with ongoing lawsuits, threaten to derail the regulation either before or soon after it becomes effective in late September A Federal judge has put the future of (..)

Financial Planner 189

Financial Planner Clients Tax Planning Accounting 189

Nerd's Eye View

FEBRUARY 22, 2024

At the end of each calendar year, social media platforms compile a wrap-up of each user's metrics, showing a theoretical reach for every account's best-performing piece of created media content and highlighting the "Best Of The Best" on the web, while revealing social media 'superstars' who have millions of impressions and followers.

Media 227

Media Numbers Clients Marketing 227

Wealth Management

DECEMBER 19, 2022

In turn, legal, accounting and communications companies have been seeking space in the region to serve clients there. Major finance, law and tech firms have relocated or expanded to the Miami area in the past two years, drawn to the business-friendly environment, warmer weather and talent pool.

Communication 130

Communication Accounting Clients 130

Nerd's Eye View

NOVEMBER 13, 2023

For many advisors, the transition to meeting virtually was a struggle on account of two major challenges.

Clients 246

Clients Financial Planning Planning Communication 246

Nerd's Eye View

JULY 31, 2024

Which means the firm will need to provide records of holdings and transactions for each of its clients (which may require some training and practice for employees to be able to quickly pull the needed data from the firm's custodian), as well as archived client communications and any advertisements produced by the firm.

Compliance 189

Compliance Ethics Advertising Clients 189

Nerd's Eye View

APRIL 4, 2024

In other professional industries like accounting and law, the training and development of newly minted CPAs and attorneys are often provided by the largest firms who hire and train in bulk each year, knowing full well that many new hires will move on in just a few years.

Financial Planner 246

Financial Planner CFP Professional Services Financial Planning 246

Nerd's Eye View

JUNE 7, 2024

Also in industry news this week: Backers announced the new Texas Stock Exchange, which seeks to provide companies with a lower-cost alternative to the NYSE and Nasdaq, which, if successful, could create a more competitive landscape and potentially better execution and reduced trading costs for financial advisors and their clients The American College (..)

Financial Planner 189

Financial Planner Financial Advisor Certification Estate Planning 189

The Big Picture

DECEMBER 2, 2024

They’re starting to make a dent in energy production, accounting for 15 percent of electricity globally, according to the International Energy Agency. His research focuses on cultural influences on styles of cognition, communication & collaboration.

Communication 130

Communication Media Government Accounting 130

Harness Wealth

OCTOBER 11, 2023

Cybersecurity has become a pressing concern for businesses across all industries, including accounting firms. The sensitive financial and personal data held by CPAs and accounting firms make them prime targets for cyberattacks. We’ll also discuss how CPA firms can implement and maintain robust cybersecurity measures.

Accounting 59

Accounting Taxes Clients Communication 59

Clever Girl Finance

JANUARY 10, 2025

I didnt want to reach the end of my life with a big savings account but very few memories of enjoying the journey. Creating this list helps you see the bigger picturemoney isnt just numbers in a bank account. This could include saving for a down payment on a home, contributing to retirement accounts, or growing an investment portfolio.

Ethics 98

Ethics Budgeting Retirement Accounting 98

Million Dollar Round Table (MDRT)

DECEMBER 10, 2024

They knew what they were putting directly into their retirement accounts, but I wanted to know how much of their income they were saving for the future. Early in my career, this created quite the challenge in developing a proper plan. First, I would ask clients how much they were saving each year for retirement.

Clients 105

Clients Financial Planning CFP Retirement 105

Million Dollar Round Table (MDRT)

JULY 24, 2022

Inflation has devastating effects on our clients’ savings and investment accounts, and advisors must help them understand why it is a major factor behind our advice to allocate a portion of their core assets to equities. So how can we best communicate the risk of inflation to our clients and prospects? By Richard Dobson Jr.,

CFP 98

CFP Communication Clients Accounting 98

Darrow Wealth Management

FEBRUARY 9, 2025

Hypothetical simulation assumes $1M was invested on 12/31/2004, 50% in SPY and 50% in AGG, portfolio was never rebalanced, dividends not reinvested, and no other contributions/withdrawals in the account. Hypothetical simulation uses current yields and assumes 60% of the account is invested in SPY and 40% AGG.

Retirement 74

Retirement Asset Allocation Taxes Portfolio 74