Abnormal Returns

FEBRUARY 27, 2024

Markets Communications and health care are leading the U.S. wapo.st) Earlier on Abnormal Returns Research links: information and noise. 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?

Advertising 290

Advertising Financial Advising Communication Economy 290

Wealth Management

JULY 26, 2022

The digitalization of the wealth management industry has brought on unique demands, shifting from personal interactions to multi-communication channels.

Wealth Management 105

Wealth Management Management Communication 105

Indigo Marketing Agency

MARCH 14, 2023

As a financial advisor, it’s crucial to effectively communicate this event to your clients to help them understand the potential impact it may have on their investments and overall financial well-being. It’s your job to talk them off the ledge by keeping them calm and informed. Proactive communication is good client service.

Communication 98

Communication Banking Clients Financial Advisor 98

The Big Picture

APRIL 5, 2023

decline in Financials, while only three are up ytd, namely Communication Services (18.4%), Information Technology (17.5%), and Consumer Discretionary (9.6%)” The three outperforming sectors are doing well because they include the MegaCap-8 stocks , which as a group are up 26.5% drop in Energy and a 9.4%

Communication 290

Communication Marketing Marketing 290

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

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. becomes a crucial one to solve.

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

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

Nerd's Eye View

NOVEMBER 29, 2023

Second, they facilitate clear and organized communication between the advisor and client to ensure that important information is effectively conveyed.

Planning 246

Planning Financial Planning Clients Communication 246

Don Connelly & Associates

DECEMBER 16, 2024

Whether planning for retirement, investing in volatile markets, or managing tax implications, clients are often presented with intricate information that can leave them overwhelmed, confused, and anxious, undermining their ability to make informed decisions.

Communication 52

Communication Financial Advisor Financial Planning Clients 52

Nerd's Eye View

FEBRUARY 9, 2023

A simple way for advisors to educate prospects about asset minimums is to include the information on their firm’s website. This would help prospects searching for an advisor online to self-select themselves out from firms whose asset minimums may not apply to them.

Assets 246

Assets Communication Financial Advisor Financial Planning 246

Nerd's Eye View

FEBRUARY 7, 2024

In earlier days, questions simply facilitated the process of gathering information in order to open accounts and recommend the appropriate products to be sold. From there, advicers can dig deeper into the iceberg by asking follow-up questions that are designed to discover the context around information gleaned from the fact-finding stage.

Clients 246

Clients Communication Financial Planning Retirement 246

Nerd's Eye View

FEBRUARY 23, 2023

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. Despite its growing popularity, though, financial planning remains a relatively mysterious concept for many people who don’t understand how financial advisors actually provide value.

Financial Planning 244

Financial Planning Planning Financial Planner Financial Advisor 244

Nerd's Eye View

JULY 11, 2024

Meaningful communication is crucial to building strong, durable relationships, and asking effective questions is an essential part of facilitating impactful conversations. And with clear goals , the advicer can then ask about the client's current state, identifying what they owe and what they own.

Clients 189

Clients Communication Financial Planning Financial Advice 189

Nerd's Eye View

OCTOBER 20, 2022

In our 97th episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards discuss how advisors can address clients who want to change their portfolio strategy in response to the political environment and offer ways to communicate with clients about how their current investment strategy is the most optimal plan.

Portfolio 246

Portfolio Clients Financial Planning Communication 246

Nerd's Eye View

NOVEMBER 21, 2022

However, by creating a systematic annual process to monitor and update client plans based on seasons, not only can advisors save time and work more efficiently, but they can also communicate the value of ongoing financial planning services to prospects and clients more effectively.

Financial Planning 244

Financial Planning Planning Estate Planning Clients 244

Abnormal Returns

MARCH 23, 2023

morningstar.com) Novel Investor, "Investors must make bets on imperfect information to earn sought-after long-run returns." cnbc.com) The banking crisis highlights the importance of good, clear communication. (theirrelevantinvestor.com) Bonds have had a rough five years. Things are different moving forward.

Financial Advising 237

Financial Advising Startup Banking Communication 237

Nerd's Eye View

JULY 13, 2023

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.

Clients 246

Clients Financial Planning Financial Planner Communication 246

Nerd's Eye View

AUGUST 8, 2022

But while the messaging on many advisory firm websites speaks to a firm's capabilities, a better approach to drive engagement is to frame communication around the prospect's needs. First, it's important to make the consumer (rather than the firm) the main character in the firm's communications.

Communication 245

Communication Consulting Clients Numbers 245

Nerd's Eye View

MAY 18, 2023

In our 112th episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards discuss best practices for gracefully letting an employee go when the advisory firm owner decides they no longer want to grow into a business but would rather revert to being a solo advisor instead.

Communication 244

Communication Management Clients Numbers 244

Nerd's Eye View

AUGUST 8, 2022

But while the messaging on many advisory firm websites speaks to a firm's capabilities, a better approach to drive engagement is to frame communication around the prospect's needs. First, it's important to make the consumer (rather than the firm) the main character in the firm's communications.

Marketing 241

Marketing Marketing Communication Consulting 241

The Big Picture

FEBRUARY 11, 2023

There is (if possible) too much communication and too much communication from the Federal Reserve. He previously served roles as Chief Information Officer, as well as Chief Investment Officer. We also discuss the value of some mystery at the central bank.

Communication 189

Communication Banking Investments Investing 189

Nerd's Eye View

AUGUST 28, 2024

Alternatively, some advisors have instead opted to collect clients' login information so they can execute the trades in their clients' accounts themselves –presenting numerous data security and compliance issues for the advisor (and can lead to the advisor being considered to have custody over client assets).

Assets 246

Assets Management Clients Compliance 246

Nerd's Eye View

APRIL 26, 2023

Second, firms are generally required to adopt and implement a set of written policies and procedures governing the firm's actions in areas including proxy voting, cybersecurity, personal trading of the firm's employees, material nonpublic information, and the firm's business continuity plan.

Compliance 246

Compliance Clients Advertising Accounting 246

Nerd's Eye View

AUGUST 28, 2024

Alternatively, some advisors have instead opted to collect clients' login information so they can execute the trades in their clients' accounts themselves –presenting numerous data security and compliance issues for the advisor (and can lead to the advisor being considered to have custody over client assets).

Assets 245

Assets Management Compliance Retirement Planning 245

Nerd's Eye View

MAY 10, 2024

Also in industry news this week: The latest Social Security trustees report offered a slightly rosier picture for the health of the various Social Security trust funds thanks to improved economic conditions, though they warned that time is running out for legislators to take action to ensure the system will be able to pay out full benefits beyond the (..)

Financial Planner 246

Financial Planner Retirement Planning Retirement Valuation 246

Nerd's Eye View

AUGUST 24, 2022

To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective.

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Nerd's Eye View

AUGUST 24, 2022

To start, the agreement should contain basic information about the adviser-client relationship, including who the client is (e.g., a single person, a couple, a business, or a retirement plan) and the date on which the agreement will become effective.

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Nerd's Eye View

APRIL 7, 2023

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

Financial Planner 246

Financial Planner Ethics Financial Advisor Clients 246

Nerd's Eye View

JULY 14, 2022

But as a highly competitive venue with an excess of information, personal finance personalities, trends, and products, social media is rife with individuals all vying for everyone’s attention. Its ease of use and potential to reach large audiences have made it a very attractive channel to generate potential leads.

Media 246

Media Clients Communication Financial Advisor 246

Nerd's Eye View

MARCH 8, 2024

Also in industry news this week: A recent survey has found that a majority of prospective financial planning clients across all age brackets are open to working with a remote advisor, creating opportunities for advisors to grow their businesses and for clients to find the ‘best’ advisor for their needs, regardless of their location A federal (..)

Financial Planner 246

Financial Planner Asset Allocation Clients Risk Management 246

Nerd's Eye View

APRIL 26, 2023

Second, firms are generally required to adopt and implement a set of written policies and procedures governing the firm’s actions in areas including proxy voting, cybersecurity, personal trading of the firm’s employees, material nonpublic information, and the firm’s business continuity plan.

Compliance 246

Compliance Clients Advertising Accounting 246

A Wealth of Common Sense

MARCH 20, 2024

Today’s Animal Spirits is brought to you by YCharts and Fabric by Gerber Life See here for YCharts’ 2024 advisor-client communication survey See here for more information on life insurance from Fabric by Gerber Life On today’s show, we discuss: Sorry stock bulls, the ‘Wall of Cash’ isn’t all headed your way A chart (..)

Communication 124

Communication Insurance Clients Marketing 124

Nerd's Eye View

MAY 15, 2023

various information or data that it’s fed or that it has ‘ingested’ itself) and turns them into useful outputs (e.g., written responses that conform to how humans typically communicate). For example, ChatGPT’s AI can be thought of as a form of calculator that takes inputs (e.g.,

Financial Advisor 246

Financial Advisor Financial Planning Financial Advice Clients 246

Nerd's Eye View

DECEMBER 21, 2022

By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of a client’s life, advisors often use this data point as the centerpiece when they present a financial plan.

Financial Planning 246

Financial Planning Planning Retirement Portfolio 246

Nerd's Eye View

AUGUST 30, 2023

Because of this, non- solicit agreements (where the departing advisor is restricted in whether and how they can communicate with their clients, and "solicit" them to come with the advisor when they leave for another firm) are much more common in the financial advisory industry.

Clients 246

Clients Communication Financial Planning Planning 246

Nerd's Eye View

OCTOBER 24, 2023

In this episode, we talk in-depth about how, despite some false starts and initially problematic underpricing, Sarah-Catherine intentionally built her financial planning fee to transparently communicate her value and the work she does as a financial advisor while also pricing within a range for her originally accidental (but now fully embraced) niche (..)

Financial Advisor 246

Financial Advisor Financial Planning Planning Clients 246