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Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that following the change of administration (and a new incoming chair of the SEC), the Investment Adviser Association is seeking to find ways to help RIAs (particularly smaller firms) manage the compliance responsibilities they (..)
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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.
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Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the (..)
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Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent survey from Charles Schwab indicates that advisors see technology as the biggest driver of change in the RIA industry, with the growing number of AdvisorTech solutions as the most frequently cited tech-related driver (..)
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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 (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses.
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 the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financial advisors and their clients with a convenient way to invest in the cryptocurrency without (..)
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Going beyond FPA’s existing PlannerSearch tool, the narrowed-down list is meant to help consumers identify a focused subset of the most reputable planners.
Regardless of the pricing structure that firms choose, Kitces research on "How FinancialPlanners Actually Do Financial Planning" finds that there is a gap in "fee confidence" – while some advisors charge at or beyond "market price", others consistently underprice themselves.
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 (..)
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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 RIA clients of an insurance broker providing Errors & Omissions (E&O) coverage saw a 213% increase in claims paid in 2023, attributed to significant jumps in suitability claims (likely stemming (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that recent surveys indicate that consumers continue to trust human financial advisors more than Artificial Intelligence (AI)-powered tools.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that at a time when employee retention has heightened importance for advisory firms given the ongoing competition for advisor talent, recent studies indicate that factors such as firm culture and leadership, as well as providing advisors (..)
Each week in Weekend Reading For FinancialPlanners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.
This sales technique involves asking a "negative" question such as, "Joining with a financialplanner can be a really scary jump to make, right?" One potential tool to address this challenge is a tactic called the "negative close". where the ideal response would be negative ("No, it's not scary! Let's do this!").
standarddeviationspod.com) Brendan Frazier talks with Kathi Balasek about communicating with grieving clients. thinkadvisor.com) Some perspectives on being a financialplanner. Podcasts Daniel Crosby talks with Michael Finke about how to deal with market volatility in retirement. flowfp.com)
By Jamie McIntyre, CFP It was pretty clear from the regulator that they didn’t want product to be the focus of what a financialplanner or financial advisor led with. So with that, the message was clear: Don’t lead with a financial product as the tool that is going to help someone.
Marketing for FinancialPlanners: Strategies to Build Trust and Grow Your Client Base Strategic Client Growth: Win Trust in a Trust Economy More than many other fields, trust is truly the currency that drives growth for financialplanners. But thats not even the biggest challenge you face with winning more clients.
For most financial advisors today, a website is a critical tool that allows them to market their services and communicate their fees to potential clients.
riabiz.com) Communication Having a public presence can be scary for advisers. wsj.com) Planning The ways that a financialplanner can add value for a client are nearly limitless. kitces.com) The financial planning process is becoming increasingly collaborative and less one-way. Here are 101 action items.
As while most financial planning advice may ultimately be modeled on similar principles, the process by which a client's situation is analyzed and how the advice is delivered can be vastly different depending on the advisor’s particular areas of expertise, niche, firm size, standards of conduct, and other differentiating factors.
In this episode, we talk in-depth about how after working for years in the financial industry, Amy realized there was a missed opportunity in working with career-driven Gen X women like her and decided to focus on serving that type of clientele she knew so well, how the initial fear of launching a firm on her own initially led Amy to partner with another (..)
He’s taking the world by storm as an hourly financialplanner, not managing any assets just giving out powerful financial planning guidance that clients love. He tracks how all his time is spent on each relationship and he communicates clearly so that clients know what is going on at every point. Good for you, bro.
Establishing successful client relationships as a financial advisor relies on good communication skills not just to present information persuasively and with confidence, but also to establish client rapport that allows meaningful and engaging relationships to be built.
In this article, Jeremy Walter, founder of Fident Financial, and Andy Baxley, Senior FinancialPlanner at The Planning Center, discuss how advisors can follow a 3-part framework to help clients craft an informative, values-based statement of financial purpose.
So as the summer season and summer vacations get underway, I hope that you find this suggested summer reading list of books for financialplanners to be helpful… and please do share your own suggestions in the comments at the end of the article about the best books you've read over the past year as well! Read More.
What were financialplanners interested in reading this year? Love and Money in Relationships: Helping Partners Improve Financial Transparency. Understand couples’ common communication issues with the knowledgeable insights of Emily Koochel, Ph.D., AFC®, CFT-I™.
If you are a student looking to make a career in finance, becoming a financialplanner is a great place to start. Financial planning is a rewarding, stable career that can give you the opportunity to help people make the most of their money. Financial planning is an ongoing process, and it is essential to stay on top of it.
Back in the day, financialplanners used to be able to place ads in the local paper and Yellow Pages to get clients. Of course, this is a scenario that leaves zero time to actually serve financial practice clients and manage their money! But thats still not good enough for financialplanners, given the highly regulated industry.
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.
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