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Which suggests firms that can meet clients' evolving needs as they advance up the wealth spectrum (e.g., Which suggests firms that can meet clients' evolving needs as they advance up the wealth spectrum (e.g.,
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the SEC this week fined 4 RIAs for violations of its marketing rule related to their claims that they offered 'conflict-free' financialadvice.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that CFP Board CEO Kevin Keller this week announced his plans to retire and step down from his position at the end of April next year.
Which could prove to be a boon for the financialadvice industry as more consumers are willing to entrust their assets to an advisor (while at the same time possibly making it tougher for some advisors to differentiate themselves primarily by how they put their clients' interests first?). Read More.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the shift in financialadvice from pure investment management to comprehensive financial planning continues, with more individuals becoming CFP professionals than CFAs in the past few years as consumers increasing the diversity (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” – this week’s edition kicks off with the news that several states are considering a series of tax hikes targeting higher-income and ultra-high-net-worth residents after similar proposals failed to pass at the Federal level.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with a recent survey indicating that a majority of advisors are viewing new client acquisition as their primary challenge in the current competitive environment for financialadvice (followed by compliance and technology management) and suggests (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that a Federal district court in Texas has put a stay on the effective date of the Department of Labor’s (DoL’s) new Retirement Security Rule (aka “Fiduciary Rule 2.0”),
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent survey indicates financial advisors are the most trusted source of financialadvice for consumers across generations, and are particularly trusted among wealthier individuals.
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that a Federal district court in Texas has put a stay on the effective date of the Department of Labor’s (DoL’s) new Retirement Security Rule (aka “Fiduciary Rule 2.0”),
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the "Social Security Fairness Act" was signed into law this week, eliminating the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) provisions, which previously reduced the Social Security benefits (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent study from Fidelity Institutional highlights the growing popularity of the RIA model and the success advisors have had after going independent. Read More.
Which suggests that instead of trying to go head-to-head with these larger firms (and their heftier marketing budgets) in attracting clients, smaller firms might instead demonstrate how they are 'different' by offering a unique service offering tailored to their ideal target clients.
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that Congress appears poised to pass a series of changes affecting retirement planning, dubbed “SECURE ACT 2.0”, ”, by the end of the year. Social Security COLA for 2023.
Beyond that, however, obligating financialplanners to hire and train new advisors could create some unintended (and detrimental) consequences. Which, in turn, has prompted some to wonder if firm owners have a specific obligation to their profession to hire and train next-gen talent. Read More.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a new study from research firm Cerulli has found that investors' willingness to pay for financialadvice has risen over the last 15 years, with more investors reporting using a financial advisor (and a decreasing share considering (..)
How much to charge for financialadvice is rarely a decision made lightly. This fee confidence gap has large ramifications in the long term, as firms with higher revenues can reinvest in growth – with hiring, marketing, and process improvements – that enhance their value proposition and attracts more prospective clients.
(youtube.com) Brendan Frazier talks with Michael Kitces about mastering the human side of financialadvice. podcasts.apple.com) Michael Kitces and Carl Richards on the opportunity when clients bring you something 'off the Internet.' kitces.com) Advisortech Is Vanguard really going to invest enough in technology to level up?
According to the 2022 Kitces Research study, “How FinancialPlanners Actually Market Their Services”, advisors without the CFP marks typically spend more of their time on marketing activities relative to CFP practitioners (allowing them to spend more time on higher-value tasks).
Podcasts Michael Kitces talks about starting over with Kimberly Enders who is the Lead FinancialPlanner and Managing Partner of Enders Wealth Management. riabiz.com) Why women are still struggling to make progress in the world of financialadvice. riaintel.com) HNW clients want additional services.
Podcasts Brendan Frazier talks with Meghaan Lurtz about re-engaging with existing clients. wiredplanning.com) Daniel Crosby talks with Matt Reiner partner at Capital Investment Advisors about the future of financialadvice. investmentnews.com) Advisers How a financialplanner is like a general practitioner.
For many financial advisors, the most valuable part of what they offer comes down to the financialadvice that they give, whether it be the expert guidance they give to a certain niche or a unique point of view that presents unique insights to an individual client.
In fact, even a relatively modest shift to a higher-trust environment (which may be achieved by enacting higher standards) that just partially reduces the incredibly high client acquisition costs of financial advisors could more than offset the entire cost of fiduciary liability insurance from those higher standards!
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.
In an era of uncertainty, the value Americans place on professional advice from a financialplanner has increased. adults said their most trusted source of financialadvice was a financial advisor. 1 Market volatility was found to be a major factor in spurring people to seek advice. Sources: 1.
Here are the top ten money lessons that I have learned after working with more than 150 clients over the past decade: Money lesson #1: You have more power than you think. When I meet with a new client, sometimes they think their goals are unreachable, or they feel stuck in a rut and can’t see a way out.
In the professional domain of finance, the role of a financialplanner has become increasingly pivotal. As individuals and businesses alike strive for financial stability and growth, the demand for skilled financialplanners has surged.
A Certified FinancialPlanner (CFP) is a professional designation awarded to individuals who have completed a rigorous course of study and passed a comprehensive exam. The CFP designation is recognized worldwide and marks excellence in the financial planning industry. FP designation. It reveals everything about finance to you.
The digital age has brought forth numerous opportunities, especially for professionals in the financial services sector. Certified FinancialPlanners (CFPs) stand at the forefront of this revolution. These professionals can deliver superior client services by embracing digital platforms and understanding their potential.
.” Today’s businesses require financialadvice to fulfill their financial objectives. Selecting a career as a “financialplanner” will aid in opening doors to success. If you are aspiring to become a successful financialplanner? Consider the CFP course.
When it comes to choosing a financialplanner, it’s important to choose the right fit for you. Do the research of the available advisors – the first step is to find a financialplanner who will help you plan your finances. A planner should be able to answer any question that you may have regarding his services.
As a financialplanner, you’re well-positioned to collaborate with a client’s estate attorney to make sure their wishes are carried out. With proactive legal and financialadvice, the conflict over his name and likeness, large tax bill, and lengthy settlement process wouldn’t have been a foregone conclusion.
I am an irreverent and fun marketing consultant for financial advisors. Before we get started, I wanted to give hanks to Jonathan Grannick of Wonder Wealth , as well as other financialplanners for their input. What is a financial paraplanner? How do you get a job as a financial paraplanner?
Nearly 3 in 4 married or cohabitating Americans say financial decisions have caused tension in their relationship, and 1 in 5 American couples say money is their most prominent relationship challenge. For the answer to that, look to the field of financial psychology.
As a financial professional, how comfortable are you with being on the receiving end of financialadvice? How comfortable would you be taking financialadvice from another financialplanner? This means engaging in the same soul-searching and sharing you expect—and want–of your clients.
As an individual or business owner, you have a unique set of circumstances, goals, and risk tolerance that are each necessary to consider when creating a successful financial plan. This is where a Certified FinancialPlanner (CFP) can step in. What is a Certified FinancialPlanner?
Here are five ways you can find a full-time fiduciary financial advisor. A fiduciary advisor is a financial professional who is legally obligated to act in the best interest of their clients. Benefits of working with an independent fiduciary advisor Independence is important when seeking financialadvice.
Richardson is a financialplanner who has been providing sound financialadvice to his clients since 2005. His primary focus is to help people align their financial decisions with their values and truths to live enriching lives.
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