This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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 CFP Board announced that it has crossed the milestone of 100,000 CFP professionals in the United States, and despite having just celebrated its 50th anniversary last year, just set a record high in the number of advisors sitting (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.
Nonetheless, given Kitces Research findings that being 'too' comprehensive can eat into a firm's bottom line, advisors might seek a 'sweet spot' of providing a comprehensive slate of services (but not necessarily every possible service) that are most valuable for their ideal target client. Read More.
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' financial advice.
Nonetheless, Kitces Research suggests that when it comes to financialadvisors, those with sufficient experience can often have both, with thriving advisors earning more and working fewer hours!
A part of this process might include hiring a financialadvisor or hiring a new financialadvisor if you have decided to move on from your current advisor. Hiring the right advisor for your needs is critical. Here are six questions to ask when choosing a financialadvisor: How do you get paid?
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5 million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey.
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that the SEC has issued a new bulletin clarifying the responsibilities of brokers under Regulation Best Interest (Reg BI). How advisors can support clients in choosing a Medigap policy.
The study also identified attributes of "top performing" firms across a range of metrics, finding that they are more likely than other firms to have a clear ideal client persona, client value proposition, and marketing plan.
Also in industry news this week: While the FPA is going full steam ahead on its federal and state lobbying efforts to regulate the title “financialplanner”, CFP Board is more focused on increasing recognition of the CFP marks. How individuals can best harness their willpower to achieve their biggest goals. Read More.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that a recent benchmarking study suggests that a number of RIAs are looking to move 'upmarket' and work with wealthier clients by expanding their service menu to include family office services, investment banking, and/or trust (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners"– this week's edition kicks off with the news that a recent analysis from Morningstar suggests that 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 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.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news of a survey indicating that about 90% of financialadvisors would switch firms based on bad technology at their current firm, and that 44% have already done so. Read More.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent study indicates that nearly a third of advisors in the independent broker-dealer channel have considered transitioning to the RIA channel during the past year as they seek higher payouts and not just "independence" but (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that the North American Securities Administrators Association (NASAA) released the latest edition its annual survey outlining the state of state-registered RIAs, showing that the number of state-registered firms and their assets (..)
Which could prove to be a boon for the financial advice 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 a recent study has found that many small- and mid-sized advisory firms that use "supported independence" platforms for their technology and back-office needs, have the potential to see greater growth in the years ahead given (..)
Also in industry news this week: 43% of wealth management firms are frustrated with the effectiveness of their CRM software, spurred on by challenges with integrations and workflows, according to a recent survey The Social Security Administration this week announced a 2.5%
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the shift in financial advice 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 a recent survey indicates that clients of financialadvisors are more confident than others about their financial preparedness for retirement and are more likely to have a financial plan in place that can weather the ups (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that the FPA is planning to leave the Financial Planning Coalition (which also includes the CFP Board and NAPFA) at the end of the year.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a CFP Board ad campaign promoting a career in financial planning to high school and college students sparked an uproar in the planning community, as some advisors questioned whether the messages being sent in the ads – (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that the Financial Planning Association and Money.com are planning to publish a “Best FinancialAdvisors” list based on advisors’ education, credentials, and experience, as well as harder-to-quantify (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that while overall financialadvisor headcount remains relatively flat, the RIA channel continues to gain share in terms of both headcount (as brokers break away to start their own independent firms and aspiring advisors seek (..)
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 financial advice (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 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 amid a flurry of SEC-proposed rules for investment advisers, the Investment Adviser Association this week called on the regulator to assess whether the compliance burden these regulations would put on advisers outweighs (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financialadvisors and their clients with a convenient way to invest in the cryptocurrency without (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that FINRA has issued a proposal to allow broker-dealers to advertise hypothetical performance data to institutional and high-net-worth investors, which would bring the rules for broker-dealers largely in line with (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that while banks have been able to attract a younger and more diverse set of financialadvisors compared to the rest of the industry, thanks in part to their built-in referral stream, a relative lack of independence (..)
While the new rule allows financialadvisors to proactively use testimonials (from clients), endorsements (from non-clients), and highlight their own ratings on various third-party websites, the SEC’s warning suggests that advisory firms will want to take care to abide by the compliance requirements linked to the new rule.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the T3/Inside Information Software Survey is available, providing insights into which technology tools advisors use and their level of satisfaction with them, which highlighted the continued rise of specialized financial planning (..)
Also in industry news this week: How an SEC review of a FINRA proposal to facilitate remote work could signal its thinking on the supervision of remote work for financialadvisors more broadly. Morningstar has joined an increasingly competitive market of direct indexing platforms for advisors and their clients.
And given the opaque nature of many private investments, financialadvisors could play an important role in helping their clients assess whether these opportunities make sense for their portfolio and broader financial plan.
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 Congress appears poised to pass “SECURE Act 2.0”, A review of financial planning actions, from tax-loss harvesting to charitable giving, that have a December 31 deadline.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that at a time when brokerage firms' cash sweep programs come under increased scrutiny (and as the Federal Reserve has cut interest rates), Charles Schwab (the largest RIA custodian) continues to slash sweep rates for client (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent survey indicates financialadvisors are the most trusted source of financial advice 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 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 CFP Board survey indicates that consumers do not expect AI tools to replace human financialadvisors, but rather supplement advisors' work.
We organize all of the trending information in your field so you don't have to. Join 36,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content