Nerd's Eye View

JUNE 30, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization (..)

Financial Planner 246

Financial Planner Fee Only Commission Retirement Planning 246

Nerd's Eye View

JULY 5, 2024

Supreme Court decision shifting authority to interpret laws passed by Congress from Federal agencies to the judicial system could have significant impacts on regulation of the financial advice industry, including the potential for additional legal challenges to regulations from the Securities and Exchange Commission (SEC), the Department of Labor (DoL), (..)

Financial Planner 246

Financial Planner Retirement Commission Financial Advice 246

Nerd's Eye View

MAY 22, 2024

With these factors in mind, the Federal Trade Commission (FTC) in April of 2024 announced a final rule banning most non-competes nationwide that is expected to take effect (pending legal challenges) on September 4, 2024.

Financial Advice 246

Financial Advice Commission Clients Financial Advisor 246

Nerd's Eye View

FEBRUARY 9, 2024

Also in industry news this week: A recent study finds that having a defined marketing strategy is a linchpin of marketing success, as advisors with a defined strategy were more likely to have seen an increase in inbound leads during the past 12 months and have more confidence in meeting their practice goals during the coming year than those without (..)

Financial Planner 246

Financial Planner Fee Only CFP Commission 246

Abnormal Returns

FEBRUARY 26, 2023

wsj.com) Sketchy products keep showing up for sale on Amazon ($AMZN). Sentencing Commission show judges rejected more than 80% of compassionate release requests filed from October 2019 through September 2022. (wsj.com) At this point, legit crypto companies don't have much choice but to embrace regulation.

Ethics 243

Ethics License Financial Advising Startup 243

The Big Picture

OCTOBER 8, 2022

I went looking for book sales data, only to find that most of it is proprietary and purposefully locked away. Silphion cured diseases and made food tasty, but Emperor Nero allegedly consumed the last stalk. Now, a Turkish researcher thinks he’s found a botanical survivor. National Geographic ). Where Is All the Book Data? Public Books ).

Commission 298

Commission Food Government Sales 298

MarketWatch

APRIL 17, 2023

after New Jersey Cannabis Regulatory Commission on Monday approved a renewal of the Massachusetts-based company’s cultivation and retail licenses for adult-use in the Garden State, in a reversal of a decision last week, according to spokespeople for the commission and Curaleaf. CURLFCA:CURA stock is up 4.2%

License 75

License Commission Retail Sales 75

Nerd's Eye View

AUGUST 25, 2022

Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way.

Financial Planning 244

Financial Planning Clients Planning Commission 244

Nerd's Eye View

AUGUST 25, 2022

Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way.

Financial Planning 242

Financial Planning Clients Planning Commission 242

Advisor Perspectives

JUNE 12, 2024

Then any commissions earned from the sale of products, usually insurance products, are credited back to the client, offsetting and reducing the annual fee by the amount of the commission. A planner using a fee-offset model sets an annual fixed fee for their services.

Commission 64

Commission Insurance Sales Clients 64

Million Dollar Round Table (MDRT)

NOVEMBER 16, 2023

Many times, though, they’ll tell me they’re really “bad at sales” or “bad at closing.” If it happens often, it can paralyze you from asking for the sale with confidence — and prospects notice the lack of confidence. Some advisors call this “commission breath.” When this is the case, it’s obviously a huge problem.

Sales 91

Sales Commission Financial Advisor Insurance 91

The Big Picture

MAY 9, 2024

It is a massive Dunning Kruger : exercise in inexperienced but overly confident “ Finfluencers ” reducing complex issues involving money to a slick but misleading sales pitch. 2 Sure, you can claim mainstream media is bad, but social media is worse.

Media 336

Media Taxes Math Investments 336

Ron A. Rhodes

DECEMBER 13, 2023

It is possible that all commission-based compensation involving the sale of investment products, life insurance products, and annuities could be eliminated. And it would be right and just to do…

Commission 59

Commission Insurance Sales Investments 59

Wealth Management

SEPTEMBER 25, 2024

The two firms are in hot water over sales of Harvest’s “Iron Condor” strategy that resulted in $5 million in excess management fees and commissions.

Management 116

Management Commission Sales 116

Nerd's Eye View

SEPTEMBER 27, 2024

Also in industry news this week: As brokerage firms have faced a wave of lawsuits regarding the low interest rates paid on cash sweep accounts, some legal experts believe that RIAs could also be targeted for legal action if they allow clients' uninvested cash to sit in a cash sweep account rather than investing it or moving it to a higher-yielding (..)

Financial Planner 246

Financial Planner Fiduciary Duty CFP Accounting 246

Calculated Risk

JULY 29, 2022

According to the Bureau of Economic Analysis, RI includes new single-family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). Brokers' commissions were unchanged year-over-year in Q4 (down as a percent of GDP).

Commission 145

Commission Manufacturing Investments Investing 145

The Big Picture

FEBRUARY 17, 2024

Wired ) • Realtor Commissions Are Still a Hefty Part of Home Sales. Despite years of technology disruption, home commissions remain stuck near 6%. Few new buildings are going up, diminishing economic vitality Slowdown is particularly pronounced in Chicago, Manhattan. Maybe Not for Long.

Commission 173

Commission Food Banking Management 173

Nerd's Eye View

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Clients 246

Clients Fee Only Planning Advertising 246

Nerd's Eye View

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Fee Only 246

Fee Only Portfolio Clients Planning 246

Calculated Risk

JANUARY 29, 2024

According to the Bureau of Economic Analysis, RI includes new single-family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). Brokers' commissions were down 5% year-over-year in Q4.

Commission 115

Commission Manufacturing Investments Investing 115

Calculated Risk

APRIL 29, 2024

According to the Bureau of Economic Analysis, RI includes new single-family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). Brokers' commissions were up 3% year-over-year in Q1.

Commission 111

Commission Manufacturing Investments Investing 111

Calculated Risk

JANUARY 3, 2024

How about housing starts and new home sales in 2024? Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on my blog). New home sales were up 3.9% Through November, starts were down 9.9%

Sales 75

Sales Investing Investments Commission 75

Calculated Risk

DECEMBER 28, 2022

New home sales were down 15.2% Note: RI is mostly investment in new single-family structures, multifamily structures, home improvement and commissions on existing home sales. How about housing starts and new home sales in 2023? Through November, starts were down 1.2% year-to-date compared to the same period in 2021.

Economics 138

Economics Economy Sales Commission 138

The Big Picture

MARCH 23, 2024

The company’s stock has dropped nearly 13% since Friday’s $418 million settlement between the National Association of Realtors and groups of home sellers which ended the standard 6% commission for Realtors. The bill, meant to force the sale of TikTok, passed by a landslide. link] • Reddit is going public. A classified briefing.

Math 189

Math Commission Insurance Government 189

Trade Brains

OCTOBER 20, 2024

Securities and Exchange Commission (SEC) reignites its legal battle against Ripple. Notably, the regulator is zeroing in on XRP’s institutional sales. He emphasised that the core ruling declaring XRP not a security in retail sales remains intact. The cryptocurrency world is once again abuzz as the U.S.

Retail 118

Retail Sales Commission Assets 118

Ron A. Rhodes

JANUARY 6, 2024

The insurance lobby is against the imposition of the fiduciary standard by the DOL, as it will lower the excessive commissions often paid on the sale of Fixed Index Annuities…

Insurance 67

Insurance Commission Sales Fee Only 67

Calculated Risk

OCTOBER 31, 2022

According to the Bureau of Economic Analysis, RI includes new single-family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). The second graph is for Residential investment components as a percent of GDP.

Commission 91

Commission Manufacturing Investments Investing 91

The Chicago Financial Planner

JANUARY 17, 2022

Baby Boomers and retirees are the prime target market for the annuity sales types. For example, an insurance agent or registered rep is not going to show you a product from a low cost provider who offers a product with ultra-low fees and no surrender charges because they receive no commissions. What is an annuity?

Retirement 185

Retirement Insurance Financial Planner Taxes 185

The Big Picture

DECEMBER 27, 2023

There are many ways to mess up a sale of a house. As it turns out, there are some steps you can take to make the sale go smoothly as possible and still get top dollar. For the sale of your home. There are some things you need to do to create the best sale. And then when the sales are reported, there’s shame.

Sales 147

Sales Numbers Marketing Marketing 147

Nerd's Eye View

JULY 30, 2024

In this episode, we talk in-depth about how Michelle has created a structured process to help her clients successfully navigate the divorce process, from connecting them to divorce specialists that Michelle has pre-vetted, including attorneys, mortgage brokers, and therapists, as well as providing her divorcee clients with a roadmap for their way forward (..)

Clients 130

Clients Financial Advisor Insurance Wealth Advisor 130

Calculated Risk

DECEMBER 24, 2023

New home sales were up 3.9% Note: RI is mostly investment in new single-family structures, multifamily structures, home improvement and commissions on existing home sales. How about housing starts and new home sales in 2024? Through November, starts were down 9.9% year-to-date compared to the same period in 2021.

Economics 90

Economics Economy Sales Commission 90

Trade Brains

NOVEMBER 7, 2022

Crores will be an offer for sale. According to the Company Commissioned F&S Report, total FDI inflow in the chemicals (other than fertilizers) sector in India reached US$17.77 Offer for Sale (OFS) ?657.31 The IPO will open for subscription on November 9th, 2022, and close on November 11th, 2022. Keep reading to find out! .

Commission 96

Commission Pharmaceutical Manufacturing Transportation 96

MarketWatch

JUNE 15, 2023

GS stock is down 0.5%, reversing gains from earlier in the session, after The Wall Street Journal reported that the Securities and Exchange Commission is investigating the role of the bank in buying Silicon Valley Bank’s securities portfolio prior to the bank’s collapse in March. Goldman Sachs Group Inc.

Banking 75

Banking Commission Sales Portfolio 75

MarketWatch

APRIL 4, 2023

The Securities and Exchange Commission charged Charlie Javice with fraud in connection with the $175 million sale of her student-loan assistance company Frank to JPMorgan Chase JPM. million in stock proceeds and a $20 million retention bonus, among other compensation, following the sale. Javice received $9.7 Javice received $9.7

Accounting 75

Accounting Commission Manufacturing Banking 75

Calculated Risk

NOVEMBER 18, 2022

From BofA: Existing home sales actually fell less than we expected, implying slightly stronger brokers’ commissions in 4Q. As a result, our tracking estimate for residential investment in 4Q edged up. That said, after rounding, our 4Q GDP tracking estimate was unchanged at 1.3%

Commission 72

Commission Sales Investments Investing 72

Calculated Risk

JANUARY 3, 2023

How about housing starts and new home sales in 2023? Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on my blog). New home sales were down 15.2% year-to-date through November.

Sales 52

Sales Investing Investments Commission 52

MarketWatch

MARCH 2, 2023

ZM disclosed in a Thursday filing with the Securities and Exchange Commission that it has fired Greg Tomb, who served as the company’s president. Zoom Video Communications Inc. The “termination without cause” is effective Friday.

Commission 75

Commission Communication Sales Clients 75