XY Planning Network

AUGUST 5, 2024

Map your client's journey from prospect to happy customer with this easy-to-use Marketing Funnel Template. As marketing evolves, so do the regulations designed to prevent fraud and ensure fair practices. So, what does this mean for RIAs regarding their marketing efforts and staying compliant?

Compliance 98

Compliance Marketing Marketing Clients 98

Walkner Condon Financial Advisors

APRIL 17, 2023

Fee-Only financial advisors and firms receive no sales-related compensation or incentives. They are compensated only by the fee the client pays. Fee-Only financial advisors, on the other hand, do not receive commissions and are compensated through a fee-for-service model.

Fee Only 52

Fee Only Financial Advisor Certified Financial Planner Commission 52

Nerd's Eye View

MAY 28, 2024

billion in assets under management for approximately 4,700 client households. Jenny is a Principal and Wealth Manager at Modera Wealth Management, an RIA based in Westwood, New Jersey, that oversees $12.5

Wealth Management 130

Wealth Management Financial Advisor Fee Only Communication 130

XY Planning Network

JULY 23, 2024

Becoming an independent fee-only financial advisor can seem overwhelming, lonely, and stressful. This approach has enabled Leland to consistently enhance client satisfaction and further solidify his standing as a respected advisor in the financial services sector.

Fee Only 90

Fee Only Compliance CFP Financial Services 90

XY Planning Network

DECEMBER 18, 2023

From RIA compliance best practices to using behavioral marketing tactics to get more clients, this list is loaded with one helpful resource after another to send you into 2024. Over the past year, we've published articles written with one purpose in mind: to help independent financial advisors be successful.

Financial Advisor 111

Financial Advisor Compliance Clients Marketing 111

Sara Grillo

OCTOBER 21, 2022

Fee-only advisor – This is an advisor that does not charge commissions and hence is believed to be more aligned with the client’s best interests. Fee-only advisors are bound to the fiduciary standard. He never had more than five paraplanning clients at a time. What is a financial paraplanner?

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

XY Planning Network

SEPTEMBER 30, 2024

As a business owner in the financial planning industry, we know you wear many hats to ensure the success of your business and the satisfaction of your clients. Some of these issues could cause you to fall out of compliance, a dreaded word in the Financial Planning industry. One of those hats might be bookkeeping.

Compliance 104

Compliance Financial Planning Planning Numbers 104

XY Planning Network

JULY 29, 2024

This is an exhilarating step for many soon-to-be business owners as you visualize your best life, dream practice, and ideal clients. Here are the compliance-related areas you should focus on before registering your RIA. These include Determine where you will need to register and the requirements to do so.

Compliance 93

Compliance Clients Planning Investments 93

XY Planning Network

APRIL 3, 2023

If it often feels as if your to-do list never ends with administrative tasks and compliance management, on top of your regular client meetings, you’re not alone! 3 MIN READ Raise your hand if you've ever wondered how you can boost your productivity and become more efficient. ?

Financial Advisor 82

Financial Advisor CFP Compliance Management 82

Walkner Condon Financial Advisors

APRIL 21, 2023

What does it mean to be a Fee-Only financial advisor ? Fee-Only financial advisors and firms receive no sales-related compensation or incentives. They are compensated only by the fee the client pays. Fee-based advisors are where it can get complicated. What does it mean to be a fiduciary?

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

XY Planning Network

NOVEMBER 14, 2022

3 MIN READ. Knowledge is Power, Power provides Information; Information leads to Education, Education breeds Wisdom; Wisdom is Liberation. People are not liberated because of lack of knowledge.”? Israelmore Ayivor. I love learning and growing my brain, don’t you?

Education 97

Education Financial Advisor Clients Fee Only 97

XY Planning Network

JULY 8, 2024

The rise of new tools, such as the Elements Financial Vitals System and AssetMap, aims to move from complex, comprehensive projections to more digestible summaries that facilitate great client conversations. Which financial planning software best meets your needs and resonates with your clients? Let's take a look!

Financial Planning 97

Financial Planning Planning Financial Advice Clients 97

Sara Grillo

DECEMBER 13, 2024

Advice-only financial planning is fee-only comprehensive financial planning without the expectation or even the option to manage any client investments. Financial planning is offered as a stand-alone product; it is the only thing that an advice-only financial planner does.

Financial Planning 52

Financial Planning Compliance Financial Planner Fee Only 52

XY Planning Network

JUNE 10, 2024

In the dynamic world of advisory firms, the relentless pursuit of operational efficiency and superior client service continues unabated. This raises questions about whether these findings reflect broader management trends in advisory firms or point to deeper systemic issues.

Financial Planning 92

Financial Planning Clients Accounting Planning 92

XY Planning Network

JUNE 13, 2022

Outside investment managers—such as TAMPs and robo-advisors—are a popular solution for advisors seeking to offer clients expert asset management services without needing to hone that expertise themselves or simply spend the time doing it (as in financial planning-only firms). 5 MIN READ.

Management 52

Management Investing Investments Compliance 52

XY Planning Network

JANUARY 16, 2023

If notifying or bringing your clients with you is on your checklist, add this task first: C heck employment contract. So, it’s understandable that, should that day come, they find themselves unaware of the restrictions placed on them when it comes to notifying their clients or bringing them with them. 4 MIN READ. New year, new firm?

Clients 86

Clients Assets Management Recruitment 86

Sara Grillo

MARCH 22, 2024

California Kelly Nilsson Brava Financial Chris Randall www.axiscapmanagement.com Flat-fee monthly subscription based financial planning for millennials and first-time investors. James Schwarz www.ClearRetirementAdvice.com Flat fee; to be more precise — Equal Flat Fee (every client pays the same amount).

Financial Planning 52

Financial Planning Fee Only Financial Planner Financial Advisor 52

XY Planning Network

NOVEMBER 28, 2022

As a Registered Representative (RR) or Investment Adviser Representative (IAR), you are subject to regulations – and likely employment contract limitations – regarding your activities and use of client information when you move firms or start a new one.

Financial Planning 96

Financial Planning Clients Investing Investments 96

Inside Information

APRIL 26, 2024

(In fact, it would just give consumers a clearer choice: they could freely choose between somebody who has chosen to be paid to recommend certain products vs. a professional who has given up those conflicts and works purely in the best interests of the client.) We hear about ‘professionally-managed’ firms.

Fee Only 40

Fee Only Professional Services Clients Management 40

XY Planning Network

MAY 21, 2024

With the rapidly increasing use of digital technology in the fintech space to aid in delivering investment management and financial planning services or to supplement an adviser’s existing services, many more firms are working with clients virtually and relying on technology to support their advisory business.

Financial Planning 88

Financial Planning Clients Planning Management 88

Sara Grillo

JANUARY 9, 2023

Here’s the triumph of virtue that financial planning transparency will (FINALLY) bring to planners across the country and the benefits to clients that come along with it. Client advocacy. in all aspects of financial advice, with a special focus on Advice Only, Flat Fee, and Hourly service models. Let’s get into it, folks!

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

The Big Picture

JANUARY 21, 2025

I mean, these sort of traditional brokers were much slower to adopt ETFs than, you know, fee only financial advisors. But today, you know, a lot of brokers, you know, whether they’re with the big full service brokerage firms now have advisory accounts that they flog to clients where they can buy ETFs.

Investing 147

Investing Investments Management Retirement 147

Inside Information

MAY 30, 2023

I completely get why they would tell this to credulous writers; the public has increasingly shifted away from any taint of ‘sales’ in an advisor relationship, and the concept of hiring an advisor who puts their clients’ interests first (even if most people don’t understand the term ‘fiduciary’) is an attractant.

Communication 40

Communication Sales Insurance Compliance 40

Sara Grillo

MAY 8, 2023

Listen to this if you are a financial advisors or consumer who wants to see through the crap and make better decisions about whether IUL is good for you (or your client) or NOT. We have seen scenarios where clients go into it expecting to earn 6-8% and the policy earns 3-4%. For those of you who are new to my blog, my name is Sara.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Sara Grillo

APRIL 11, 2022

We’re going to talk about how he provides high value as an hourly financial advisor by saving investors from the “Humpty Dumpty portfolio” and the lessons other advisors can learn about serving clients with simplicity, transparency, and integrity, whether they choose to adopt the hourly fee model or not.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Sara Grillo

MAY 23, 2022

Advice-only financial planning is fee-only comprehensive financial planning without the expectation or even the option to manage any client investments. Financial planning is offered as a stand-alone product; it is the only thing that an advice-only financial planner does. ” Well, now it is.

Financial Planner 52

Financial Planner CFP Financial Planning Education 52

Inside Information

OCTOBER 30, 2021

If you don’t want to engage in this fight for yourselves,” Rostad adds, “then do it for your clients and consumers. A professional organization is interested in ensuring that everybody under the umbrella meets a clear set of standards.”. You have people on your staff that are someday going to take over your firm.

CFP 40

CFP Commission Investing Investments 40

Sara Grillo

SEPTEMBER 26, 2022

JR: The advisors were as much the victims as their clients were, and the brokerage firm would say they were all inappropriate behavior, so they’re all disclosures. Option rate securities were… 0:14:54.9 So it’s very difficult to do that. It is kind of a case by case thing. I still have to argue in that regard.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59

Sara Grillo

MARCH 16, 2024

Instead of products, the focus here is on people – flat fee, advice only, and hourly advisors and how to refine their service models to benefit their clients more. pricing, technology, compliance) as they build their transparent advice businesses.” This is about connection. The meeting exceeded my expectations!”

Financial Advice 52

Financial Advice Communication Financial Advisor Consulting 52

The Big Picture

APRIL 25, 2023

Brian Hamburger has been one of the leading authorities in the world of registered investment advisories, broker-dealers, SEC regulatory compliance. And I would constantly hear them frustrated by the compliance department. HAMBURGER: They were just blaming compliance for everything they couldn’t do. RITHOLTZ: Right.

Compliance 162

Compliance Clients Wealth Management Management 162

Nerd's Eye View

OCTOBER 30, 2024

As fiduciaries, financial advisors are required to disclose any conflicts of interest that exist between themselves and their current and potential clients. But no matter the size or directness of the conflict, it still needs to be disclosed to clients, at a minimum on the advisor's Form ADV Part 2A brochure.

Advertising 246

Advertising Commission Marketing Marketing 246