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Welcome to the November 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!
Read the analysis about these announcements in this month's column, and a discussion of more trends in advisor technology, including: Datalign Advisory, a data-driven advisor lead generation platform, has raised $5 million, with the announcement underscoring the reality that despite the many complaints from advisors about the cost and quality of paid (..)
This month's edition kicks off with the news that estateplanning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estateplanning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estateplanning (..)
A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client.
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Dispatch (formerly OneAdvisory) recently raised $8 million in seed funding as it seeks to provide a centralized data warehousing solution for advisory firms and eliminate the need for point-to-point data integrations between individual (..)
Vanilla announced a new Scenarios tool to facilitate advisors working with ultra-HNW clients that need to model various four-letter estateplanning strategies (e.g., GRATs, SLATs, CRUTs, and ILITs) to show the impact of the advisor’s advice (at least for those clients who still have Federal estate tax exposure).
Read the analysis about these announcements in this month's column, and a discussion of more trends in advisor technology, including: FP Alpha unbundles its EstatePlanning Lab solution for automatically reading and summarizing clients' estateplanning documents available as a stand-alone option, and rolls out a new P&C Insurance Snapshot tool, (..)
Welcome to the October 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!
We also talk about how Anh began her career as an attorney, but decided to move away from the more transactional short-term relationship of litigation, and then, it was while she was working for Goldman Sach’s Ayco, that she realized that she could have a greater impact on her clients’ lives through financial planning and ultimately decided (..)
In this episode, we talk in-depth about how Jon evolved his "high tech and high touch" mindset to serving clients by regularly iterating upon and updating his advisor tech stack while also elevating his long-time client service administrator into a more holistic client concierge (because the future isn't about tech or human service, it's tech and human (..)
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: All-in-one software platform Blueleaf has launched a new “aggregation-as-a-service” solution, promising better client data aggregation capabilities than existing solutions by automating the process of weaving multiple (..)
And in the coming month, we’ll be rolling out our newest course on “How To Spot Planning Opportunities when Reviewing EstatePlanning Documents” Because, the reality is, while we may learn about tax and estateplanning in our CFP classes, there’s remarkably little to show us as advisors how best to navigate the reams of tax (..)
Neel is the Founder of Shah Total Planning, which itself is a combination of Beacon Wealth Solutions (an independent RIA) and Shah & Associates (a law firm) in Monroe Township, New Jersey, and oversees $57 million in assets under management for 50 client households.
Neel is the Founder of Shah Total Planning, which itself is a combination of Beacon Wealth Solutions (an independent RIA) and Shah & Associates (a law firm) in Monroe Township, New Jersey, and oversees $57 million in assets under management for 50 client households.
In this episode, we talk in-depth about how Zack views fiduciary financial wellness to 401(k) plan participants as a 3-tiered offering consisting of education, one-on-one advice, and implementation support, how Zack's firm is able to generate incredibly strong email open rates of 75%–90%, and click-through rates of 40%–50%, on the (hyper-targeted) (..)
From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Envestnet has announced that it is being acquired and taken private in a $4.5
Brighton Jones’s unique approach to businessplanning. They want to talk about how they need to update their estateplan, but they’ve got some real turmoil. On today’s show, Carley Dillon shares the strategic and tactical framework behind Brighton Jones’s stunning success.
We also talk about how, at just 24 years old, Louis decided to launch his own practice as he realized, if he was going to take a big risk, his age gave him the advantage to do so while avoiding the regrets that many successful entrepreneurs have of not starting their businesses earlier in life, how, while being considered for an “approved practice” (..)
Long-term goals typically encompass retirement planning, wealth preservation and estateplanning. Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning.
Long-term goals typically encompass retirement planning, wealth preservation and estateplanning. Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning.
While clients are thinking about 2022’s taxes, it’s a good time to discuss income, estate, and businessplanning opportunities for 2023. Life insurance or mutual funds may be suitable investments to informally fund the plan.
Aside from actual tax returns, a tax advisor can help you make tax advantaged decisions in key areas like retirement, estateplanning, investment management, charitable giving, and small businessplanning.
These advisors may have a background in tax or small businessplanning, specialize in high-net-worth families or make sophisticated investment recommendations. Managing wealth requires the skills of a Financial Advisor plus competence in tax and estateplanning.
We craft a process that involves a finite number of concise meetings over the projected growth cycle of the founder’s business. The choice of business structure can have a lasting impact on the tax treatment of a liquidity event, issues regarding succession, and many other important factors. Build / Grow. Post-Liquidity.
We craft a process that involves a finite number of concise meetings over the projected growth cycle of the founder’s business. The choice of business structure can have a lasting impact on the tax treatment of a liquidity event, issues regarding succession, and many other important factors. Build / Grow. Post-Liquidity.
With a well-vetted businessplan, she came to us for guidance on how to proceed. Our next priority was to ensure Sharon’s estateplan was in place and up to date. Risk Management for the Young Entrepreneur: Our client “Sharon” has both a young family and an entrepreneurial spirit.
With a well-vetted businessplan, she came to us for guidance on how to proceed. Our next priority was to ensure Sharon’s estateplan was in place and up to date. Risk Management for the Young Entrepreneur: Our client “Sharon” has both a young family and an entrepreneurial spirit.
Think about which parts of financial planning you like best. Is it retirement planning, investment management, or estateplanning? For instance, if you are working with entrepreneurs, your financial advice should cover businessplanning, succession strategies, and smart investment ideas for saving on taxes.
So there’s the, “Hey, I’ll work with you and we’ll develop goals and a plan how to get there.” They’ll do tax planning, right? We’ll do estateplanning and other complex financial planning. Just go with your businessplan.” They’ll construct the portfolio.
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