Nerd's Eye View

OCTOBER 23, 2024

While the financial advice industry has transformed in many ways over the past several decades, one aspect that has remained relatively constant is the use of the Assets Under Management (AUM) fee model as a common way for many advisors to get paid.

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Clients Financial Advice Financial Planning Financial Advisor 246

Nerd's Eye View

APRIL 8, 2025

So, whether you're interested in learning about creating "input deliverables" that can demonstrate an advisor's value to clients and prospects alike, a path to serving a large client base soon after career changing into the financial advice profession, or how to gain inroads with clients in a specific profession, then we hope you enjoy this episode (..)

Financial Planning 130

Financial Planning Clients Planning Financial Advisor 130

Nerd's Eye View

MARCH 27, 2023

Accordingly, promoting the brand of the CFP marks to the public can be a good way for advisors to boost their own personal brands in the minds of consumers, and at the same time serve to promote recognition of CFP certification more broadly as a sign of high-quality financial advice (and supporting CFP Board’s own publicity efforts).

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CFP Clients Certification Financial Advice 246

Nerd's Eye View

MAY 7, 2024

So, whether you're interested in learning about entering the financial advice industry as a career changer, how to build a partnership with a more senior advisor, or how to maintain work-life balance while advancing in your career, then we hope you enjoy this episode of the Financial Advisor Success podcast, with Hannah Provost.

Banking 246

Banking Financial Advisor CFP Financial Advice 246

Nerd's Eye View

MAY 22, 2024

Which could make it more advantageous for firms and advisors alike to consider a more equitable, cooperative approach than strict on-competes or non-solicits to deciding which clients an advisor can solicit if they do eventually leave the firm.

Financial Advice 246

Financial Advice Commission Clients Financial Advisor 246

Nerd's Eye View

DECEMBER 17, 2024

So, whether you're interested in learning about transitioning from a broker-dealer to a 'supported independence' model, how to choose among available corporate RIA platforms, or how a firm can generate prospect leads by being vocal about its values, then we hope you enjoy this episode of the Financial Advisor Success podcast, with Fran Toler.

Compliance 244

Compliance Financial Advisor Financial Advice Clients 244

Nerd's Eye View

DECEMBER 26, 2022

Thanks again for the opportunity to serve you in 2022, and I’m excited to share more soon about some new initiatives we’re planning to do to support the Financial Advicer community even more in 2023 and beyond! In the meantime, I hope you're having a safe and happy holiday season. Read More.

Financial Advisor 245

Financial Advisor Financial Advice Estate Planning Planning 245

Nerd's Eye View

FEBRUARY 19, 2024

The 2024 Technology Tools for Today (T3) Advisor Conference, held last month in Las Vegas, Nevada, featured a large gathering of financial advisors and representatives from across the fintech industry.

Consulting 244

Consulting Financial Advice Engineering Financial Advisor 244

Nerd's Eye View

JUNE 12, 2024

Which is why it's important for advisors thinking about joining a firm to consider the firm's culture and how well it trains its advisors (and reinforces the training) on exercising due care in giving financial advice. Read More.

Fiduciary Duty 245

Fiduciary Duty Risk Tolerance Investments Investing 245

Nerd's Eye View

FEBRUARY 6, 2023

This month's edition kicks off with the news that the “financial monitoring software” platform Elements has raised $5 million in a seed-extension funding round as it seeks to establish a foothold in the rapidly growing AdvisorTech category of “advice engagement” tools designed to draw clients further into the ongoing (not just (..)

B2B 246

B2B Financial Advice Clients Planning 246

Nerd's Eye View

DECEMBER 6, 2023

Ultimately, the key point is that understanding the intricacies of what it means to be an investment adviser, including the exceptions within the 'securities' component of the definition, is critical for financial coaches navigating the fine line between offering advice to clients and needing to register as an investment adviser.

Investments 246

Investments Investing Retirement Planning Financial Advising 246

Nerd's Eye View

AUGUST 12, 2024

In the modern era of financial advice, the advicer/client relationship is tightly centered on trust.

Clients 246

Clients Financial Advice Accounting Business Planning 246

Nerd's Eye View

JULY 19, 2022

We also talk about how, despite never graduating high school (but gaining a GED later), Andrew credits his autism and the hyperfocus that comes along with it for helping him to ultimately earn more than 16 professional financial planning designations, how working at an insurance company early in his career and getting frustrated with adhering to large-firm (..)

Financial Advisor 246

Financial Advisor Clients Financial Planning Insurance 246

Nerd's Eye View

MAY 8, 2023

Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. Besides the fact that many financial advisors don’t hold the necessary credentials (e.g.,

Taxes 246

Taxes Financial Planning Financial Advisor Clients 246

Nerd's Eye View

NOVEMBER 6, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: FinanceHQ has launched as a new digital lead generation platform for financial advisors, which takes a more niche-focused approach to matching prospective clients with advisors – representing a bet that capturing prospects (..)

Compliance 246

Compliance Valuation Financial Advisor Clients 246

Nerd's Eye View

DECEMBER 12, 2022

Ultimately, though, we are still just getting going with the ongoing growth of the Kitces platform as we continue to execute on providing Advicers with relevant content across our 4 strategic pillars: Navigation, Education, Research, and Development (and yes, our organizational strategy really does spell out N-E-R-D!). Read More.

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Education CFP Certification License 246

Nerd's Eye View

JANUARY 16, 2024

What's unique about Thomas, though, is how he's been able to use social media, and Twitter in particular, to attract over 170 new prospects this year alone by educating, nurturing, and making a lasting impression on his followers, with relatively short blog posts that seem rather 'simple' but hit his specific prospects' pain points, so that they when (..)

Media 246

Media Financial Advisor Financial Planning Planning 246

Nerd's Eye View

AUGUST 24, 2022

While many IRAs include a clause in their advisory agreements limiting their liability in giving financial advice in good faith, the SEC and state regulators have recently been scrutinizing such ‘hedge clauses’ to the extent that they may be found impermissible going forward.

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Nerd's Eye View

AUGUST 24, 2022

While many IRAs include a clause in their advisory agreements limiting their liability in giving financial advice in good faith, the SEC and state regulators have recently been scrutinizing such ‘hedge clauses’ to the extent that they may be found impermissible going forward.

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Nerd's Eye View

OCTOBER 1, 2024

And be certain to listen to the end, where Gaetano shares how joining an advisor study group, and its structured cadence of 2 multi-day meetings every year, has guided him through multiple changes that allowed him to level up his own practice, why Gaetano turned down his first potentially lucrative job offer with an RIA because of the bad vibes he (..)

Assets 233

Assets Financial Advisor Insurance Clients 233

Nerd's Eye View

MARCH 23, 2023

Offering financial advice can mean many things for different financial advisors, and there are many reasons that advisors choose to join the planning profession.

Financial Advice 130

Financial Advice Communication Financial Planning Marketing 130

Nerd's Eye View

JULY 2, 2024

We also talk about how Kristopher's firm has attracted clients within its cross-border US-UK specialization, including by establishing relationships early on with accountants and estate attorneys who were also just starting their practices and working with similar expatriate clients (creating a healthy system of cross-referrals as each of those professionals' (..)

Financial Advisor 200

Financial Advisor Clients Planning Wealth Management 200

Nerd's Eye View

DECEMBER 6, 2022

Natalie is the owner of Natalie Taylor Consulting Services, an independent virtual RIA, and is also the Head of Financial Advice for Monarch Money, a personal financial management tool that helps consumers track their spending and net worth over time.

Clients 130

Clients Financial Advice Financial Advisor Consulting 130

Nerd's Eye View

FEBRUARY 26, 2024

In the early days of the financial advice industry, an advisor's options for generating new business were somewhat limited.

Marketing 245

Marketing Marketing Sales Clients 245

Nerd's Eye View

JULY 25, 2022

All in pursuit of our mission – Making Financial Advicers Better, and More Successful – through our ongoing focus on Navigational resources, Educational insights, Research on advicers, and Development of advicer skills. Those who are interested (or have a friend or family member who might be!)

Financial Planning 244

Financial Planning Education Estate Planning CFP 244

Steve Sanduski

NOVEMBER 12, 2024

including their intense focus on metrics, culture, growth, referral marketing , and how they’ve structured their regions and “pods” to deliver “wealth alignment” that goes far beyond typical financial advice. Brighton Jones’s unique approach to business planning.

Accounting 52

Accounting Clients Financial Advice Estate Planning 52

Nerd's Eye View

AUGUST 26, 2024

For most of its history, the financial advice industry has been very slow to change.

Communication 173

Communication Commission Financial Advice Planning 173

Nerd's Eye View

JANUARY 17, 2024

While it could be decades before we know those answers, at the moment, professionals across every industry, including financial advice, are working to learn how they can leverage this new and remarkable tool to make their practices more efficient. Read More.

Financial Advice 130

Financial Advice Financial Planning Planning Clients 130

Nerd's Eye View

OCTOBER 21, 2024

technical terms as well as where the firm sits in the broader financial advice industry). The majority of learning that CSAs need to do for their role often falls into 3 areas: understanding the firm (e.g., the firm's schedule, processes, and people), getting to know the clients (e.g.,

Planning 130

Planning Clients Financial Advice Management 130

Nerd's Eye View

AUGUST 13, 2024

And be certain to listen to the end, where Eric discusses the key differences between CPA firms and RIAs, particularly the contrast between the goal of CPAs to maximize the efficiency of their billable hours and the more long-term client relationship-building done by financial advisors, how Eric approaches acquisitions, targeting younger or mid-career (..)

Financial Advisor 130

Financial Advisor Financial Planning Accounting Planning 130

Nerd's Eye View

APRIL 23, 2024

We also talk about how Tyson discovered that by hiring additional junior advisors, he could reduce his stress levels by only stepping into client conversations when his more experienced level of expertise was really needed, why Tyson found the transition from 7 to 12 people on staff was particularly difficult and how growing beyond that point has made (..)

Clients 130

Clients Financial Advisor Wealth Advisor Financial Advice 130

Nerd's Eye View

SEPTEMBER 3, 2024

What's unique about Zack, though, is how he has built a financial wellness offering that both profitably serves employees at businesses that utilize their fiduciary 401(k) services with not just self-serve technology but outright one-on-one financial advice to plan participants… and provides a stream of referrals for his firm's private wealth (..)

Financial Planning 130

Financial Planning Planning Retirement Planning Financial Advisor 130

Nerd's Eye View

AUGUST 27, 2024

Mark is the former CEO of Pershing Advisor Solutions, a former Principal with Moss Adams Consulting, and is a longtime practice management consultant and thought leader in the financial advisory industry.

Financial Advisor 130

Financial Advisor Consulting Accounting Clients 130

Midstream Marketing

NOVEMBER 5, 2024

Introduction In the busy world of financial advice, it’s important to stand out. If you are a financial advisor looking to grow your client base and make a real impact, you need to learn good marketing strategies. It allows financial advisors to stand out. Clients have various needs.

Financial Advisor 52

Financial Advisor Marketing Marketing Financial Advice 52

Steve Sanduski

APRIL 22, 2024

This range can now serve as a benchmark for your financial advice business. Most importantly, use this exercise to confirm you are delivering more value to your clients than the fees they are paying AND that they are paying enough fees so that you are profitable enough to keep giving them great financial advice!

Clients 59

Clients Financial Advice CFP Numbers 59

Steve Sanduski

MAY 16, 2023

Your business is likely much larger than it was 10 years ago. We’re in a bull market for financial advice, but NOT a bull market for financial advisors. have dramatically expanded the avenues for people to receive one-to-many financial advice (not saying it’s all great, though). Well, consider this.

Planning 52

Planning Financial Planning Financial Advisor Financial Advice 52

Steve Sanduski

APRIL 22, 2023

Here’s the disappointing news as it relates to the long-term health of the financial advice profession: Industry data clearly shows that the typical advisory firm has 0% revenue growth when you exclude market movement.

Clients 64

Clients Distribution Assets Financial Advising 64