Business Planning, Financial Advice and Management

Promoting The Financial Advice Industry ‘Sport’ Positively To Build Trust In The Client ‘Fan Base’

Nerd's Eye View

JUNE 24, 2024

Yet, many firms' prospecting strategies have often relied on individual advisors being able to bring business to the firm instead of actively shaping and promoting the firm's own reputation.

Financial Advice

Financial Advice Clients Financial Planning Planning

Quantifying (More Accurately) The Real Impact Of A Financial Advisor’s Costs On Their Clients’ Nest Eggs

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.

Clients

Clients Financial Advice Financial Planning Financial Advisor

#FA Success Ep 384: Growing An Advisor Career From (Bank) Assistant To Partner While Also Growing A Family, With Hannah Provost

Nerd's Eye View

MAY 7, 2024

Hannah is a partner and financial advisor at Lomanto Provost Financial Advisors, a hybrid advisory firm based in Plattsburgh, New York, that oversees approximately $150 million in assets under management for about 380 client households.

Banking

Banking Financial Advisor CFP Financial Advice

Webinars

Back to Basics with Reconciliations

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

MORE WEBINARS

A 90-Day Onboarding Plan To Train Your New Superstar Client Service Associate (CSA)

Nerd's Eye View

OCTOBER 21, 2024

However, if a new CSA is not onboarded well, then advisors run the risk of taking on additional management responsibilities without a corresponding lift in task workload. Much of this frustration can be avoided with a clear onboarding plan. technical terms as well as where the firm sits in the broader financial advice industry).

Clients

Clients Planning Financial Advice Management

When Does A Financial Coach Need To Register As An Investment Adviser? The “ABCS” Test To Determine Status

Nerd's Eye View

DECEMBER 6, 2023

However, the more recent rise of financial coaching models has introduced complexity, particularly for those offering advice on financial topics adjacent to investments where the need to register as investment advisers with the SEC or state securities authorities isn't always obvious.

Investments

Investments Investing Retirement Planning Financial Advising

#FASuccess Ep 405: When Being ‘Youthful’ Turns From A Liability To An Asset In Building Your (Long-Term) Advisory Business, With Gaetano Sacco

Nerd's Eye View

OCTOBER 1, 2024

Gaetano is a partner and senior financial advisor at Fountainhead Advisors, an RIA based in Warren, New Jersey, that oversees approximately $900 million in assets under management for 1,000 client households.

Assets

Assets Financial Advisor Insurance Clients

#FA Success Ep 310: Filtering Down To The Most Impact-Weighted Work To Scale Client Value, With Natalie Taylor

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

Clients Financial Advice Financial Advisor Consulting

Highlights From The 2024 T3 Advisor Conference

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

Consulting Financial Advice Engineering Financial Advisor

The Latest In Financial #AdvisorTech (November 2023)

Nerd's Eye View

NOVEMBER 6, 2023

This month's edition kicks off with the news that Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while potentially valuable in helping advisors understand and improve their client experience (and subsequently (..)

Compliance

Compliance Valuation Financial Advisor Clients

#FA Success Ep 382: Helping Clients Stay The Course With A More Total Relationship Approach To Their Near-Term Cash Flow Needs, With Tyson Ray

Nerd's Eye View

APRIL 23, 2024

Tyson is the CEO of FORM Wealth Advisors, a hybrid advisory firm based in Lake Geneva, Wisconsin, that oversees approximately $900 million in assets under management for just over 800 client households. My guest on today's podcast is Tyson Ray.

Clients

Clients Financial Advisor Wealth Advisor Financial Advice

Designing “Custom GPTs” With Advanced ChatGPT Features To Enhance Advisor Capabilities With AI

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

Financial Advice Financial Planning Planning Clients

#FASuccess Ep 392: Crafting Your Specialization When There Is No Standard Playbook To Learn It, With Kristopher Heck

Nerd's Eye View

JULY 2, 2024

Welcome to the 392nd episode of the Financial Advisor Success Podcast ! Kristopher is a Founding Partner of Tanager Wealth Management, an RIA based in London, England, that oversees approximately $1.1 billion in assets under management (AUM) for 630 client households. My guest on today's podcast is Kristopher Heck.

Financial Advisor

Financial Advisor Clients Planning Wealth Management

#FASuccess Ep 401: One-On-One Advice Through Financial Wellness Programs To (Profitably) Expand The Reach Of Financial Planning, With Zack Hubbard

Nerd's Eye View

SEPTEMBER 3, 2024

Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors, an RIA based in Towson, Maryland, that manages $2 billion of private wealth assets under management for 1,300 client households and advises on an additional $5 billion in retirement plan assets.

Financial Planning

Financial Planning Planning Retirement Planning Financial Advisor

#FASuccess Ep 400: Sizing Up Versus Scaling Up To Build An Enduring Advisory Business, With Mark Tibergien

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

Financial Advisor Consulting Accounting Financial Advice

8-Step “Agile Change” Framework For Smaller Firms To Communicate And Implement Organizational Change

Nerd's Eye View

AUGUST 26, 2024

For most of its history, the financial advice industry has been very slow to change. Additionally, those promoting change can be very clear about what the process will entail and how it will be implemented (with the caveat that the plan needs to be flexible to allow for change as conditions evolve).

Communication

Communication Financial Advice Commission Planning

#FASuccess Ep 398: Building A $2.5B AUM Advisory Enterprise Under The Umbrella Of A National CPA Firm, With Eric Wulff

Nerd's Eye View

AUGUST 13, 2024

Welcome to the 398th episode of the Financial Advisor Success Podcast ! billion in assets under management for approximately 2,700 client households. My guest on today's podcast is Eric Wulff. Eric is the CEO of Marcum Wealth, an RIA based in Cleveland, Ohio, that oversees $2.5

Financial Advisor

Financial Advisor Financial Planning Accounting Planning

#FA Success Ep 290: Serving Neurodivergent Clients As A Financial Advisor With Autism, With Andrew Komarow

Nerd's Eye View

JULY 19, 2022

Andrew is the founder of Tenpath Financial Group and Planning Across the Spectrum, a hybrid firm based in Farmington, Connecticut that oversees $100 million in assets under management for 100 client households.

Financial Advisor

Financial Advisor Clients Financial Planning Insurance

Offering Tax Preparation As A Solo Advisor: How To Attain Designations And Create A Schedule By Next Tax Season

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

Taxes Financial Planning Financial Advisor Clients

Master Niche Marketing for Financial Advisors: Expert Tips

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

Financial Advisor Marketing Marketing Financial Advice

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Nerd's Eye View

AUGUST 24, 2022

In his latest article for the Nerd’s Eye View blog, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, laid out the statutory requirements for RIA advisory agreements and what to include in the agreement when describing the RIA’s services and fees.

Electronics

Electronics Clients Retirement Planning Financial Advice

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Nerd's Eye View

AUGUST 24, 2022

In his latest article for the Nerd’s Eye View blog, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, laid out the statutory requirements for RIA advisory agreements and what to include in the agreement when describing the RIA’s services and fees.

Electronics

Electronics Clients Retirement Planning Financial Advice

Announcing IAR CE From Kitces And The Mid-Year State Of The Blog

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!)

Education

Education Financial Planning Estate Planning CFP

Use your Optimal Client Fee Range to Better Serve Your Clients and Grow Your Business

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

Clients Financial Advice CFP Numbers

To Respond to ChatGPT, Bard, and Other AI…Be More of What They’re Not

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.

Financial Planning

Financial Planning Planning Financial Advisor Financial Advice

3 Ways to Cultivate an Organic Growth Culture

Steve Sanduski

APRIL 22, 2023

One of the beauties of the fee-based asset management model is your revenue tends to grow simply because financial markets rise over time. Of course, that comes back to bite you in times like now, where the S&P 500 index has been flat for two years and bonds have been decimated.

Clients

Clients Distribution Assets Financial Advising

Advice-only financial planners are stealing the show!

Sara Grillo

MAY 23, 2022

This interview with Cody Garrett, CFP, of Measure Twice Financial was mind-blowing. It’s so clear to me what the future of financial advice is – what it should be – and what it will be. I am an irreverent and fun marketing consultant for financial advisors. What is an advice-only financial planner?

Financial Planner

Financial Planner CFP Financial Planning Education

Transcript: Tom Rampulla

The Big Picture

OCTOBER 19, 2022

You’re listening to Masters in Business on Bloomberg Radio. He is the managing director of Vanguard’s Financial Advisor Services Division, where he began back in 2002. THOMAS RAMPULLA, MANAGING DIRECTOR, FINANCIAL ADVISOR SERVICES DIVISION, VANGUARD: Thanks, Barry. I’m Barry Ritholtz. RAMPULLA: Yeah.

Financial Advisor

Financial Advisor Clients Taxes Investments

31 Passive Income Ideas to Build Real Wealth (Updated for 2023)

Good Financial Cents

APRIL 19, 2023

You can earn passive income whether you’re an entrepreneur with a brilliant business plan, a talented artist, or just happen to have extra cash to invest. I have friends who were stock traders and now have communities around that skill or write for financial publications. What are you good at?

Accounting

Accounting Investments Investing Media

Transcript: Howard Lindzon

The Big Picture

MAY 16, 2023

HOWARD LINDZON, MANAGING PARTNER, SOCIAL LEVERAGE: Hello, Barry. And I’m like, dad, I found I need 25 grand to get going and my dad said send me a business plan. I went to business school RITHOLTZ: He just wanted you to go through the exercise. LINDZON: No, so obviously, I did the business plan, I’m kidding.

Media

Media Investments Investing Valuation

Financial Advisor Source

Promoting The Financial Advice Industry ‘Sport’ Positively To Build Trust In The Client ‘Fan Base’

Quantifying (More Accurately) The Real Impact Of A Financial Advisor’s Costs On Their Clients’ Nest Eggs

Webinars

Trending Sources

#FA Success Ep 384: Growing An Advisor Career From (Bank) Assistant To Partner While Also Growing A Family, With Hannah Provost

Webinars

A 90-Day Onboarding Plan To Train Your New Superstar Client Service Associate (CSA)

When Does A Financial Coach Need To Register As An Investment Adviser? The “ABCS” Test To Determine Status

#FASuccess Ep 405: When Being ‘Youthful’ Turns From A Liability To An Asset In Building Your (Long-Term) Advisory Business, With Gaetano Sacco

#FA Success Ep 310: Filtering Down To The Most Impact-Weighted Work To Scale Client Value, With Natalie Taylor

Highlights From The 2024 T3 Advisor Conference

The Latest In Financial #AdvisorTech (November 2023)

#FA Success Ep 382: Helping Clients Stay The Course With A More Total Relationship Approach To Their Near-Term Cash Flow Needs, With Tyson Ray

Designing “Custom GPTs” With Advanced ChatGPT Features To Enhance Advisor Capabilities With AI

#FASuccess Ep 392: Crafting Your Specialization When There Is No Standard Playbook To Learn It, With Kristopher Heck

#FASuccess Ep 401: One-On-One Advice Through Financial Wellness Programs To (Profitably) Expand The Reach Of Financial Planning, With Zack Hubbard

#FASuccess Ep 400: Sizing Up Versus Scaling Up To Build An Enduring Advisory Business, With Mark Tibergien

8-Step “Agile Change” Framework For Smaller Firms To Communicate And Implement Organizational Change

#FASuccess Ep 398: Building A $2.5B AUM Advisory Enterprise Under The Umbrella Of A National CPA Firm, With Eric Wulff

#FA Success Ep 290: Serving Neurodivergent Clients As A Financial Advisor With Autism, With Andrew Komarow

Offering Tax Preparation As A Solo Advisor: How To Attain Designations And Create A Schedule By Next Tax Season

Master Niche Marketing for Financial Advisors: Expert Tips

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Announcing IAR CE From Kitces And The Mid-Year State Of The Blog

Use your Optimal Client Fee Range to Better Serve Your Clients and Grow Your Business

To Respond to ChatGPT, Bard, and Other AI…Be More of What They’re Not

3 Ways to Cultivate an Organic Growth Culture

Advice-only financial planners are stealing the show!

Transcript: Tom Rampulla

31 Passive Income Ideas to Build Real Wealth (Updated for 2023)

Transcript: Howard Lindzon

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