Nerd's Eye View

AUGUST 26, 2024

For most of its history, the financial advice industry has been very slow to change. In this model, the groundwork for change is first established by assessing the situation (e.g.,

Communication 173

Communication Commission Financial Advice Planning 173

Nerd's Eye View

SEPTEMBER 13, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - 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.

Financial Planner 246

Financial Planner Compliance Fee Only Communication 246

Nerd's Eye View

OCTOBER 16, 2023

Consumers have a wide range of options when it comes to choosing a provider of financial advice, from larger wirehouses and asset managers to smaller Registered Investment Advisers (RIAs).

Financial Planning 246

Financial Planning Marketing Marketing Financial Advice 246

Nerd's Eye View

AUGUST 15, 2022

But while new fee models have allowed fee-only advisors to reach an expanding range of potential clients, there are many Americans who could benefit from professional financial advice but might not have sufficient income or assets to pay for it. law) with established pro bono programs. Read More.

Clients 240

Clients Financial Advice Financial Planning Planning 240

Nerd's Eye View

DECEMBER 1, 2022

Financial planning technology, in particular, has allowed advisors to automate time-intensive back-office tasks and delegate routine analyses to support staff, freeing up their time to engage more personally with clients.

Planning 246

Planning Financial Planning Financial Advice Clients 246

Nerd's Eye View

SEPTEMBER 1, 2023

Also in industry news this week: A legal challenge to FINRA's operations as a self-regulatory organization has the potential to upend the current regulatory system for broker-dealers and their registered representatives A recent study indicates that while many consumers appear confident handling their finances on a 'DIY' basis during their careers, (..)

Financial Planner 246

Financial Planner Strategic Planning Retirement Planning Retirement 246

Nerd's Eye View

JANUARY 22, 2024

In the early days of wealth management, a financial advisor's value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g., selling and trading) or on sales-oriented advice that centered on implementing insurance products.

Financial Advisor 246

Financial Advisor Insurance Coverage Estate Planning Charitable Planning 246

Nerd's Eye View

AUGUST 15, 2022

But while new fee models have allowed fee-only advisors to reach an expanding range of potential clients, there are many Americans who could benefit from professional financial advice but might not have sufficient income or assets to pay for it. law) with established pro bono programs. Read More.

Clients 227

Clients Financial Advice Financial Planning Planning 227

Nerd's Eye View

JULY 8, 2024

Additionally, the upcoming Kitces Value Summit, coming December 12 , 2024, will tackle how real advisors provide and communicate their ongoing value to their clients. In the meantime, if you (or anyone else you know) wants to join our Team of Nerds, stay tuned for more openings in 2024, including the Managing Editor role (available now!),

Ethics 239

Ethics Education Financial Advice Taxes 239

Nerd's Eye View

OCTOBER 19, 2023

Much of the marketing and practice management advice in the financial advisory space comes back to 1 recommendation: Specialize in a niche. tech employees who need help managing equity compensation options), stage of life (e.g., Most commonly, niches present as particular needs of a firm's clients.

Clients 246

Clients Financial Advisor Financial Advice Financial Services 246

Abnormal Returns

OCTOBER 17, 2022

Podcast Barry Ritholtz talks with Thomas Rampulla, managing director of Vanguard’s Financial Advisor Services. ritholtz.com) Brendan Frazier talks with Derek Tharp about the psychology of delivering financial advice. theblock.co) Conferences A list of the 9 ‘Best’ Financial Advisor Conferences (For Scaling Up) In 2023.

Wealth Management 130

Wealth Management Financial Advisor Communication Financial Advice 130

Nerd's Eye View

AUGUST 24, 2022

In his latest article for the Nerd’s Eye View blog, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, laid out the statutory requirements for RIA advisory agreements and what to include in the agreement when describing the RIA’s services and fees.

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Nerd's Eye View

AUGUST 24, 2022

In his latest article for the Nerd’s Eye View blog, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, laid out the statutory requirements for RIA advisory agreements and what to include in the agreement when describing the RIA’s services and fees.

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Abnormal Returns

MARCH 6, 2023

Podcasts Christine Benz and Jeff Ptak talk with Stacy Francis who is president and CEO of Francis Financial about working with female clients. morningstar.com) Brendan Frazier talks with Ted Klontz about how to better motivate, communicate and connect with clients and prospects.

Compliance 144

Compliance Wealth Management CFP Financial Advice 144

Midstream Marketing

OCTOBER 29, 2024

Key Highlights Millennials can benefit a lot from getting financial advice. You should change your marketing approach to meet the specific financial needs and interests of millennials. Listen to their concerns and adjust your financial advice to align with their goals. Right now, few of them use advisors regularly.

Financial Advisor 52

Financial Advisor Financial Advice Marketing Marketing 52

Nerd's Eye View

JUNE 13, 2024

As the financial advice industry continues to move toward providing full-blown professional services rather than focusing primarily on product sales, advisory (advicery?) Put another way, the advicer has a pricing problem and hopes that the economies of scale can correct for not charging enough.

Professional Services 189

Professional Services Financial Advice Clients Communication 189

Nerd's Eye View

DECEMBER 6, 2022

Natalie is the owner of Natalie Taylor Consulting Services, an independent virtual RIA, and is also the Head of Financial Advice for Monarch Money, a personal financial management tool that helps consumers track their spending and net worth over time.

Clients 130

Clients Financial Advice Financial Advisor Consulting 130

Midstream Marketing

OCTOBER 30, 2024

Key Highlights The financial advice world is changing. They need to put in more effort to attract prospective clients looking for financial advice. Understanding the Marketing Landscape for RIAs The world of financial advice is changing fast. Clear communication is key. This shows social proof.

Investment Advisor 52

Investment Advisor Investing Investments Ethics 52

Nerd's Eye View

APRIL 18, 2024

For over a decade, the financial advice industry has been bracing for an "any-minute-now" tsunami of advisor retirements and concomitant sales of financial planning practices. Which begs the question, to what extent should an advisory firm owner discount the sale price of their firm for a next-gen successor?

Planning 130

Planning Valuation Sales Clients 130

International College of Financial Planning

MARCH 31, 2023

Wealth management is an important aspect of the financial world that focuses on managing wealth to help individuals and families achieve their financial goals. Wealth management involves a range of financial services as an investment, finance, real estate, tax, and risk management.

Wealth Management 52

Wealth Management Management Risk Management Ethics 52

Midstream Marketing

DECEMBER 10, 2024

Good connections in your community can lead to great referrals. Offering Personalized Financial Advice Through Video Marketing In today’s world, people really like visuals. This is why video marketing works well for financial advisors. Including video marketing in your plan can improve communication with clients.

Financial Advisor 52

Financial Advisor Marketing Marketing Clients 52

FMG

OCTOBER 6, 2022

Since building strong relationships is a core element of providing financial advice, a financial advisor CRM ( c lient r elationship m anagement) system may be the most essential technology tool available for financial advisory firms. CRM systems make it easier to juggle tasks, opportunities, and communications.

Financial Advisor 83

Financial Advisor Clients Communication Financial Planning 83

Darrow Wealth Management

NOVEMBER 17, 2022

Article is a general communication only and should not be used as the basis for making any type of tax, financial, legal, or investment decision. Darrow Wealth Management doesn’t provide tax advice; consult your tax advisor to discuss your personal situation. . About Darrow Wealth Management.

Taxes 111

Taxes Wealth Management Tax Planning Planning 111

WiserAdvisor

OCTOBER 5, 2023

Insights from a recent survey conducted in early July 2023 shed light on the pivotal role of AI in money management among US adults. The survey revealed that 40% of the investors who participated believe AI holds promise as a valuable tool for managing their finances. How has AI transformed money management so far?

Management 45

Management Financial Advice Financial Advisor Risk Tolerance 45

Indigo Marketing Agency

MARCH 19, 2025

Financial services can be complex in the mind of our audience, and if potential clients have to decode your message, theyll keep scrolling. Action Steps: Use simple, direct language that immediately communicates the value of your services. Book a free call and get a custom financial strategy.)

Financial Advisor 52

Financial Advisor Advertising Marketing Marketing 52

International College of Financial Planning

MAY 20, 2024

Opting for a job oriented course after graduation in wealth management can be particularly advantageous, offering a direct route into a vibrant and lucrative financial sector. Course Curriculum: The curriculum should be comprehensive, covering essential topics in demand in wealth management.

Wealth Management 52

Wealth Management Management Certification Certified Financial Planner 52

Midstream Marketing

DECEMBER 6, 2024

Digital Landscape for RIAs Digital marketing is changing the financial services world. Clients now want financial advice online. Scheduling tools, like Hootsuite, can help you manage your social media accounts. These clients usually have their own financial goals and unique investment needs.

Marketing 52

Marketing Marketing Media Engineering 52

Sara Grillo

SEPTEMBER 18, 2022

The Transparent Advisor Movement’s mission is to promote ideals of clarity, modesty, integrity, dignity, and client advocacy in all aspects of financial advice, with a special focus on Advice Only, Flat Fee, and Hourly service models. I am an irreverent and fun marketing consultant for financial advisors. 17 point test.

Financial Advice 59

Financial Advice Financial Advisor Communication Consulting 59

BlueMind

JULY 15, 2022

Now, “over-the-counter” trades have become increasingly popular with the emergence of digitization and remote communication. The Increasing Costs Of Maintaining Compliance Standards To quote former U.S. The time it takes to collect and manage clients’ data uses up a considerable amount of hours in a week and in any business, time is money.

Compliance 98

Compliance Financial Advisor Certified Financial Planner Clients 98

Midstream Marketing

NOVEMBER 6, 2024

By making helpful and interesting content often, you show that you are a reliable choice for financial advice. This approach can draw in new clients who are looking for guidance in today’s complicated financial world. Trust is very important in the financial services industry. This helps you stand out from others.

Financial Advisor 52

Financial Advisor Marketing Marketing Media 52

International College of Financial Planning

JULY 20, 2022

As a CFP professional, your primary role is to provide financial advice to your clients. You are expected to have a broad range of knowledge and skills, including a thorough understanding of investing and financial planning. One of the most important aspects of your job is providing financial advice to your clients.

Risk Analysis 52

Risk Analysis Certification CFP Certified Financial Planner 52

FMG

JANUARY 24, 2024

Only about a third of financial advisors actively target millennials. That means many millennials need financial advice and plenty of opportunities for financial advisors. So why are so few financial advisors marketing to millennials ?

Financial Advisor 52

Financial Advisor Marketing Marketing Communication 52

International College of Financial Planning

MAY 29, 2023

The finance industry offers many career opportunities for aspiring professionals, with wealth management being one of the most rewarding and lucrative options. An Integrated Diploma in Wealth Management can provide you with the knowledge and skills required to excel in this dynamic field.

Wealth Management 40

Wealth Management Management Estate Planning Financial Planner 40

eMoney Advisor

DECEMBER 20, 2022

Bearing this in mind, the United States Department of Labor Employee Benefits Security Administration and other financial regulators have noted their concerns about the risks of investing in cryptocurrency-related assets. The CFP Board stated the risks as follows in its communication. Crypto Investing Deserves Special Consideration.

CFP 62

CFP Fiduciary Duty Financial Advice Financial Advisor 62

Indigo Marketing Agency

AUGUST 22, 2024

To utilize this client retention strategy, go beyond mere financial advice by listening actively, showing empathy, and asking about client concerns, aspirations, and feedback. How a Marketing Agency Can Help: A marketing agency can facilitate soliciting feedback through email communication and social posts.

Financial Advisor 52

Financial Advisor Clients Communication Education 52

Indigo Marketing Agency

APRIL 1, 2020

We all know that financial advice is a trust-based business. Especially during tough times and market volatility, it’s critical for advisors to create authenticity in their virtual communications. Your Customer Relationship Management (CRM) software heavily comes into play when choosing how to communicate and with which clients.

Communication 52

Communication Clients Accounting Healthcare 52

International College of Financial Planning

MAY 9, 2024

In the present rapidly evolving digital landscape, integration of technology into everyday activities has transformed numerous industries, i8 financial management and investment advisory services. Such a panoramic financial perspective empowers users to make informed financial decisions.

Investing 52

Investing Investments Investment Advisor Budgeting 52