Nerd's Eye View

JUNE 19, 2023

A better way to implement and communicate fee increases may be one that is centered around providing more value to the client in exchange for the higher fee.

Communication 246

Communication Clients Planning Financial Advisor 246

Abnormal Returns

DECEMBER 2, 2024

Markets How major asset classes performed in November 2024. capitalspectator.com) Crypto Why managing a leveraged Microstrategy ($MSTR) ETF is harder than it looks. wsj.com) Crypto ETFs continue to attract record inflows. msn.com) Silk Road Bitcoin are in motion. coindesk.com) Crypto is a 24/7/365 enterprise.

Communication 163

Communication Manufacturing Media Banking 163

Nerd's Eye View

AUGUST 26, 2024

In this model, the groundwork for change is first established by assessing the situation (e.g., Additionally, those promoting change can be very clear about what the process will entail and how it will be implemented (with the caveat that the plan needs to be flexible to allow for change as conditions evolve).

Communication 173

Communication Commission Financial Advice Planning 173

Wealth Management

NOVEMBER 5, 2024

UniFi by CAIA's Aaron Filbeck details the evolution of alternative investments and the importance of client communication.

Communication 111

Communication Clients Investing Investments 111

Nerd's Eye View

JANUARY 15, 2024

For clients, more frequent communication can be a source of behavioral coaching and helpful information that can better equip them to stay the course through rocky markets. Although newsletters are made to be sent to many people at once, from a client's perspective, they can be seen as a much more intimate form of communication.

Clients 246

Clients Communication Financial Advisor Wealth Management 246

Wealth Management

OCTOBER 11, 2024

Our tech columnist discusses AI and compliance with the chief executive of one of the industry’s largest providers of communications compliance technology.

Compliance 105

Compliance Communication 105

Nerd's Eye View

AUGUST 16, 2024

Notably, this announcement included the first off-channel communication case brought by the SEC as a result of a referral from an RIA exam, which could lead examiners to focus on off-channel communications during regular RIA examinations.

Financial Planner 246

Financial Planner Communication Retirement Commission 246

Abnormal Returns

FEBRUARY 22, 2024

aeon.co) Communication A changing climate requires skilled communicators to explain what is going on. (readtrung.com) Meet the company that sells unclaimed airline luggage. thehustle.co) Investing The case for venture capital. notboring.co) Crypto was ultimately a big con.

Communication 267

Communication Investments Investing 267

The Big Picture

AUGUST 15, 2022

100 Tips for a Better Life : You can improve your communication skills with practice much more effectively than you can improve your intelligence with practice. If you’re not that smart but can communicate ideas clearly, you have a great advantage over everybody who can’t communicate clearly. ( Recode ). • LessWrong ). •

Communication 298

Communication Startup Management Economics 298

Nerd's Eye View

JANUARY 12, 2023

In our 103rd episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards discuss the challenges of finding an optimal balance between proactively providing value and the consistency of simply being available to respond to clients when they come to their advisor for assistance. and gaining their trust.

Clients 244

Clients Communication Fee Only Financial Advisor 244

Nerd's Eye View

NOVEMBER 24, 2023

Also in industry news this week: A recent survey indicates that about 98% of clients are at least somewhat satisfied with their financial advisor and that an advisor’s ability to provide peace of mind when it comes to finances is a key driver of this satisfaction A study indicates that advisors can potentially boost client referrals by using (..)

Financial Planner 246

Financial Planner Communication Insurance Advertising 246

Abnormal Returns

MAY 13, 2024

riabiz.com) Archive Intel has entered the adviser communications archiving space. (barrons.com) Why Focus decided to merge Buckingham Strategic Wealth and The Colony Group. riabiz.com) Creative Planning is exploring its custody options. investmentnews.com) Research The problematic math of passing down generational wealth.

Math 288

Math Retirement Planning Financial Advice Retirement 288

Nerd's Eye View

APRIL 26, 2024

Also in industry news this week: The Federal Trade Commission released a final rule that would ban most non-compete agreements, which could lead to an increasing number of non-solicit agreements (and, potentially, lawsuits regarding their enforcement) between financial planning firms and their advisors The Securities and Exchange Commission issued (..)

Financial Planner 246

Financial Planner Commission Communication Financial Advisor 246

Nerd's Eye View

JUNE 3, 2024

This month's edition kicks off with the news that 'startup' custodian Altruist has completed a $169 million fundraising round as it continues to rebuild the RIA custodial tech stack layer-by-layer while positioning itself as the biggest RIA custodian built from scratch and solely for advisors – which, while making it the clear #3 custodian behind (..)

Risk Tolerance 246

Risk Tolerance Communication Startup Financial Planning 246

Nerd's Eye View

JUNE 1, 2023

In our 113th episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards discuss what it means to be a lead advisor, the paths associate advisors can take to advance into a lead advisor role, and how to communicate career growth goals with senior advisors.

Communication 246

Communication Financial Advisor Clients Management 246

Abnormal Returns

OCTOBER 21, 2024

ft.com) Communication is key when it comes to families. (kitces.com) Why so many advisers seek out a partner when launching a practice. kitces.com) On the difference between equity and 'synthetic equity.' (fa-mag.com) fa-mag.com) Advisers The crossover point between HNW and UNHW keeps going up.

CFP 290

CFP Communication Investment Advisor Management 290

Wealth Management

AUGUST 14, 2024

More than two dozen broker/dealers and RIAs agreed to pay a combined $392.75 million in penalties, including Raymond James, LPL, Edward Jones and Osaic, among others.

Communication 122

Communication 122

Nerd's Eye View

JULY 29, 2024

Most financial advisors strive to provide excellent client care and prioritize a systematic process to maintain regular communication with their clients both on a scheduled (e.g., annual meeting) and an "on demand" basis. Other benefits also manifested from tracking the firm's progress as processes and standards were gradually refined.

Clients 246

Clients Communication Healthcare Planning 246

Nerd's Eye View

DECEMBER 27, 2023

These responsibilities also extend to the use of any technology used in the process of giving advice: A recommendation made with the aid of technology still needs to be in the client's best interests, while the technology also needs to carry out any function as it's described in the advisor's marketing materials and client communications.

Financial Advice 246

Financial Advice Communication Compliance Clients 246

Abnormal Returns

APRIL 30, 2024

abnormalreturns.com) Adviser links: communication skills. (marginalrevolution.com) Earlier on Abnormal Returns Research links: persistent risks. abnormalreturns.com) What you missed in our Monday linkfest. abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter.

Financial Advising 290

Financial Advising Communication Media Economy 290

Wealth Management

AUGUST 9, 2024

According to the firm’s two recent quarterly filings, Raymond James has reached “a settlement in principle” with the commission’s Enforcement Division, including a $50 million fine.

Communication 119

Communication 119

Nerd's Eye View

JUNE 15, 2023

For many financial advisors, keeping an open line of communication with clients is a key component of building trust, understanding the client’s values, and developing a meaningful plan to help them reach their financial goals.

Clients 242

Clients Investments Investing Communication 242

Abnormal Returns

OCTOBER 14, 2024

standarddeviationspod.com) Brendan Frazier talks with Kathi Balasek about communicating with grieving clients. Podcasts Daniel Crosby talks with Michael Finke about how to deal with market volatility in retirement.

Estate Planning 280

Estate Planning Financial Planner Wealth Management Retirement 280

Abnormal Returns

JANUARY 30, 2023

kitces.com) How to communicate with a client leaving your practice. papers.ssrn.com) There's no downside for aging parents to communicating about your financial plans. (riabiz.com) Why the CFP is splitting into two organizations. spilledcoffee.substack.com) The vast majority of advisers now use digital onboarding. bloomberg.com)

Management 241

Management Nonprofit Financial Planning Communication 241

Nerd's Eye View

NOVEMBER 4, 2024

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Advisor sales enablement platform Nitrogen has announced its own feature for extracting information from prospects' investment statements that can be automatically fed into Nitrogen's analysis and proposal generation tools, which (..)

Estate Planning 243

Estate Planning Planning Communication Taxes 243

Nerd's Eye View

MARCH 22, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC has recently been cracking down on firms for recordkeeping failures related to electronic communications, including their use of text messaging with prospects and clients.

Financial Planner 246

Financial Planner Retirement Communication Electronics 246

Abnormal Returns

OCTOBER 18, 2024

abnormalreturns.com) Longform links: facilitating communication. (vox.com) Earlier on Abnormal Returns Podcast links: crime and disorder. abnormalreturns.com) What you missed in our Thursday linkfest. abnormalreturns.com) Celebrating our nineteenth blogiversary. Then check out our weekly e-mail newsletter.

Assets 279

Assets Financial Advising Communication Banking 279

Nerd's Eye View

AUGUST 24, 2023

However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.

Retirement 246

Retirement Planning Retirement Planning Communication 246

Abnormal Returns

JULY 22, 2024

fastcompany.com) Advisers Off-channel communications surpassed marketing as the leading compliance concern for RIAs. (citywire.com) Retirement A Q&A with Wade Pfau about the challenges of spending in retirement. thinkadvisor.com) Why staggered retirements make a lot of sense.

Compliance 265

Compliance Retirement Communication Consulting 265

Nerd's Eye View

MARCH 29, 2024

Also in industry news this week: With the new “T+1” rules for trade settlements will go into effect in late May, the SEC has issued a risk alert for broker-dealers and RIAs outlining the requirements they face and areas of focus for the regulator during upcoming examinations A recent survey suggests that while client satisfaction with their (..)

Financial Planner 244

Financial Planner Insurance Coverage Financial Advisor Communication 244

Nerd's Eye View

OCTOBER 6, 2023

Also in industry news this week: A new advisor benchmarking study indicates that high-growth firms are excelling in 3 areas: client acquisition, "relationship alpha", and strategic scale A recent survey indicates that while advisors increasingly are leveraging home office investment models to save time and scale more efficiently, they often customize (..)

Financial Planner 246

Financial Planner CFP Certification Communication 246

Abnormal Returns

JANUARY 18, 2024

newyorker.com) Scientists are using AI to try and decipher how animals communicate. (bloomberg.com) In praise of experimentation. notboring.co) AI What the history of copyright tells us about the future of AI. ig.ft.com) Environment The case for nuclear energy.

Communication 262

Communication Food Media 262

Nerd's Eye View

NOVEMBER 11, 2024

Advisors may also want to consider a contractor's communication style and marketing philosophy to assess compatibility with the firm's values. However, more complex needs, such as strategy and brand development, may benefit from someone with industry expertise to ensure deeper understanding with fewer revisions required.

Marketing 246

Marketing Marketing Communication Engineering 246

Abnormal Returns

FEBRUARY 27, 2024

Markets Communications and health care are leading the U.S. market in 2024. capitalspectator.com) A closer look at Europe's answer to the Magnificent Seven stocks, GRANOLA. biopharmadive.com) Strategy What happens when you invest right before a bear market? awealthofcommonsense.com) The case for, but mostly against, dividend-focused ETFs.

Advertising 290

Advertising Financial Advising Communication Economy 290

Abnormal Returns

SEPTEMBER 7, 2023

hazlitt.net) A Q&A with Todd Rogers, co-author of "Writing for Busy Readers: Communicate More Effectively in the Real World." Books A Q&A with Alicia Kennedy author of "No Meat Required: The Cultural History & Culinary Future of Plant-Based Eating."

Communication 278

Communication 278