Nerd's Eye View

APRIL 8, 2025

In this episode, we talk in-depth about how Seth built and provides his input deliverable (which calculates the appropriate amount of tax-exempt housing allowance pastors can take based on their individual circumstances, and even prepares a request and subsequent resolution that the Church's Board can then use) to demonstrate his expertise to prospective (..)

Financial Planning 130

Financial Planning Clients Planning Financial Advisor 130

Nerd's Eye View

JUNE 12, 2024

Or if an advisor knowingly misled a client in giving information that led them to make an investment decision, they could be penalized for giving fraudulent advice under state or Federal law.

Fiduciary Duty 245

Fiduciary Duty Risk Tolerance Investments Investing 245

Nerd's Eye View

NOVEMBER 6, 2024

In this article, Jeremy Walter, founder of Fident Financial, and Andy Baxley, Senior Financial Planner at The Planning Center, discuss how advisors can follow a 3-part framework to help clients craft an informative, values-based statement of financial purpose. The process begins by helping clients define their core values.

Clients 130

Clients Planning Financial Planner Financial Planning 130

Nerd's Eye View

FEBRUARY 9, 2023

A simple way for advisors to educate prospects about asset minimums is to include the information on their firm’s website. This would help prospects searching for an advisor online to self-select themselves out from firms whose asset minimums may not apply to them.

Assets 246

Assets Communication Financial Advisor Financial Planning 246

Nerd's Eye View

NOVEMBER 22, 2023

Once the seller and potential buyer are ready to get serious about a deal, the next step will be to sign a mutual Confidentiality and Non-Disclosure Agreement (CNDA), which contractually obligates the parties to keep any information that is shared (as the name implies) confidential.

Compliance 246

Compliance Sales Financial Advisor Financial Planning 246

Nerd's Eye View

JUNE 21, 2023

As a starting point, investment advisers must address 3 important questions when designing and implementing a compliant code of ethics: who within the firm is subject to reporting their personal securities transactions; what information needs to be reported; and when this information must be reported.

Ethics 244

Ethics Fiduciary Duty Compliance Clients 244

Nerd's Eye View

APRIL 26, 2023

Second, firms are generally required to adopt and implement a set of written policies and procedures governing the firm's actions in areas including proxy voting, cybersecurity, personal trading of the firm's employees, material nonpublic information, and the firm's business continuity plan.

Compliance 246

Compliance Clients Advertising Accounting 246

Nerd's Eye View

JUNE 7, 2023

All Investment Adviser Representatives (IAR) of registered investment advisory firms are required to file Form U4, a regulatory filing containing public disclosures of certain information about financial professionals.

Compliance 246

Compliance Advertising Media Investments 246

Nerd's Eye View

NOVEMBER 27, 2023

One way to do this is to create value on every page by giving readers clear and authoritative information that they can actually use. Some advisors may be wary of giving away too much information and providing the tools that readers could use to do everything themselves (rather than hiring the advisor).

Distribution 246

Distribution Financial Advice Clients Financial Advisor 246

Nerd's Eye View

APRIL 26, 2023

Second, firms are generally required to adopt and implement a set of written policies and procedures governing the firm’s actions in areas including proxy voting, cybersecurity, personal trading of the firm’s employees, material nonpublic information, and the firm’s business continuity plan.

Compliance 246

Compliance Clients Accounting Advertising 246

Nerd's Eye View

AUGUST 28, 2023

While many RIAs have already tackled some of the bigger issues around the conversion such as informing clients of the changes and updating regulatory documents, there are still some operational intricacies in the TD Ameritrade to Schwab transition process for advisors to address that could cause headaches if they're missed.

Financial Advisor 246

Financial Advisor Distribution Clients Accounting 246

Nerd's Eye View

AUGUST 24, 2022

To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective.

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Nerd's Eye View

AUGUST 24, 2022

To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective.

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Nerd's Eye View

JUNE 6, 2023

Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financial planning tool that helps financial advisors create a visual representation of their clients’ financial situation, reaching over 1.25 million users.

Assets 246

Assets Financial Advisor Financial Planning Insurance 246

Nerd's Eye View

JULY 29, 2024

Suddenly, the question of, "What does it mean to provide the best care for clients at this firm as a team?" becomes a crucial one to solve.

Clients 246

Clients Communication Healthcare Planning 246

Nerd's Eye View

SEPTEMBER 18, 2024

automating workflows or retrieving client information using a chatbot) may be useful to some extent, but if the processes that they replace don't take that much time to begin with, then the tools' benefits may not justify the additional cost to implement them. Some of the capabilities of today's AI tools (e.g.,

Engineering 246

Engineering Clients Financial Advisor Financial Planning 246

Nerd's Eye View

FEBRUARY 6, 2023

For which Elements has positioned itself as an early leader that is now gaining momentum.

B2B 246

B2B Financial Advice Clients Planning 246

Nerd's Eye View

FEBRUARY 23, 2023

Though a menu of services and fees on a website can be informative, adding examples of work can be a better way to help convey to prospects the advisor’s skills, abilities, expertise, and work style.

Financial Planning 244

Financial Planning Planning Financial Planner Financial Advisor 244

Nerd's Eye View

NOVEMBER 21, 2022

This may be done through a Client Engagement Standards document, which can ensure clients understand the process and their obligations to provide the advisor with the requested information.

Financial Planning 244

Financial Planning Planning Estate Planning Clients 244

Nerd's Eye View

JULY 12, 2022

And be certain to listen to the end, where Kamila shares how she was surprised by how much time it takes to manage aspects of her business, like compliance, technology, and having time to learn new industry information in order to build a successful practice, how Kamila now recognizes risk and fear are part of growth and wishes she could have taken (..)

Financial Advisor 246

Financial Advisor CFP Clients Financial Planning 246

Nerd's Eye View

MAY 8, 2023

by tailoring client data-gathering worksheets to focus on the information that is relevant to a client’s tax situation). The key point is that, offering tax preparation can be seen as a way for solo advisors to use their existing tools and expertise to enhance the year-round value they provide.

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

JULY 13, 2023

Establishing successful client relationships as a financial advisor relies on good communication skills not just to present information persuasively and with confidence, but also to establish client rapport that allows meaningful and engaging relationships to be built.

Clients 246

Clients Financial Planning Financial Planner Communication 246

Nerd's Eye View

DECEMBER 7, 2022

Two final prohibitions under the Marketing Rule include restrictions on the use of predecessor performance (e.g.,

Advertising 246

Advertising Investing Investments Marketing 246

Nerd's Eye View

AUGUST 17, 2022

In terms of specific advisory agreement language, the Advisers Act focuses essentially on three items: First, the law restricts RIAs from charging performance-based fees unless the client is a “qualified client” (in most cases, a client with at least $1.1

Clients 246

Clients Assets Financial Planning Management 246

MazumaBusinessAccounting

JULY 15, 2021

Plan for Current Business Needs. First, let’s talk about the importance of a business plan. How does an idea develop into a fully functioning business? It takes vision, work, and a good plan. For entrepreneurs, we call this map a business plan. Creating a marketing plan.

Business Planning 105

Business Planning Taxes Planning Retirement 105

Nerd's Eye View

JUNE 26, 2023

However, advisors who choose to merge or sell may end up regretting the decision if they find themselves tasked with new and unexpected responsibilities, mismatched with the new firm’s culture, or missing the freedom that they had enjoyed as an independent operator.

Compliance 246

Compliance Sales Planning Media 246

Nerd's Eye View

OCTOBER 31, 2023

We also talk about the tools and services that Jon has incorporated into his own modern advisor tech stack, including why Jon utilizes a service called Advisor Referral Boost to gain better vetted introductory meetings with Centers of Influence like CPAs and estate planning attorneys to develop a steady flow of referrals, why Jon uses Asset-Map to (..)

Financial Advisor 246

Financial Advisor Estate Planning Clients Education 246

Nerd's Eye View

AUGUST 30, 2023

Ultimately, the key point is that non-solicit agreements that represent the investment that firms and their advisors make into attracting and serving clients can leave each side feeling confident that their interests will be respected if the advisor and firm ever decide to separate in the future.

Clients 246

Clients Communication Financial Planning Planning 246

Nerd's Eye View

OCTOBER 24, 2023

In this episode, we talk in-depth about how, despite some false starts and initially problematic underpricing, Sarah-Catherine intentionally built her financial planning fee to transparently communicate her value and the work she does as a financial advisor while also pricing within a range for her originally accidental (but now fully embraced) niche (..)

Financial Advisor 246

Financial Advisor Financial Planning Planning Clients 246

Nerd's Eye View

OCTOBER 10, 2023

In this episode, we discuss how Grier helps advisors navigate the complex world of leaving protocol vs. non-protocol firms and how transitions change depending on whether the advisor has a non-solicit agreement or not, how Grier advises advisors when communicating and setting expectations with clients through the process to help them retain as many (..)

Financial Advisor 243

Financial Advisor Clients Communication Consulting 243

Nerd's Eye View

AUGUST 7, 2023

This month's edition kicks off with the news that estate planning 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' estate planning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estate planning (..)

Estate Planning 246

Estate Planning Wealth Management Financial Advisor Planning 246

Nerd's Eye View

MAY 16, 2023

Jim describes how he and his firm provide what he calls a 'time energy shield' for their busy business-owner clients by helping them find the right professionals they may need, managing the projects with their professionals, and even fielding the inevitable business pitches that come at their clients, and why Jim and his firm use Monday.com instead (..)

Valuation 246

Valuation Financial Advisor Financial Planning Clients 246

Nerd's Eye View

AUGUST 17, 2022

In terms of specific advisory agreement language, the Advisers Act focuses essentially on three items: First, the law restricts RIAs from charging performance-based fees unless the client is a “qualified client” (in most cases, a client with at least $1.1

Clients 230

Clients Assets Financial Planning Management 230

Nerd's Eye View

FEBRUARY 19, 2024

Digital hygiene, encryption security, and good staff training can all be enormous factors in the overall safety of the company, as explained by Patrick Hennessy, Schwab's Director of Business Consulting.

Consulting 244

Consulting Financial Advice Engineering Financial Advisor 244

Nerd's Eye View

APRIL 10, 2023

RIA owners who sell their firms to large RIA aggregators based on overall price alone – without fully understanding the terms of the deal – can find themselves regretting their decision, according to Dynasty Financial Partners founder Shirl Penney.

Financial Advisor 242

Financial Advisor Financial Planning Planning Consulting 242

MarketWatch

JUNE 16, 2023

Nikola embarked on a “more focused business plan” in the quarter, concentrating on North America, its electric truck, and hydrogen business, Chief Executive Michael Lohscheller said. “We Visit MarketWatch.com for more information on this news. We are proactively managing costs and reducing expenses,” the executive said.

Business Planning 75

Business Planning Planning Numbers Sales 75