Nerd's Eye View

OCTOBER 25, 2024

Nonetheless, given Kitces Research findings that being 'too' comprehensive can eat into a firm's bottom line, advisors might seek a 'sweet spot' of providing a comprehensive slate of services (but not necessarily every possible service) that are most valuable for their ideal target client.

Financial Planner 246

Financial Planner Financial Advisor Estate Planning Compliance 246

Nerd's Eye View

AUGUST 7, 2023

This month's edition kicks off with the news that estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate planning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estate planning (..)

Estate Planning 246

Estate Planning Wealth Management Financial Advisor Planning 246

XY Planning Network

OCTOBER 30, 2023

With the overwhelming amount of rulemaking taking place at the SEC, the operational impact of maintaining compliance, when taking into account the totality of the rules recently finalized and currently being proposed, is sure to be significant for most investment advisers going forward.

Compliance 98

Compliance Investing Investments Accounting 98

Abnormal Returns

OCTOBER 23, 2023

(wealthmanagement.com) Creative Planning A profile of Peter Mallouk, CEO of Creative Planning. advisorperspectives.com) Vanilla is rolling out more AI tools for estate planning. investmentnews.com) Compliance How to conduct and document an annual compliance review. smartasset.com)

Compliance 162

Compliance Estate Planning Financial Advice Financial Advisor 162

Carson Wealth

JULY 3, 2024

Set up separate plans and goals for your business and your personal finances. It helps you plan for future expenses, allocate resources efficiently and stay on track with your financial goals. Identifying these risks early and having a plan to mitigate them can save your business from significant setbacks.

Financial Planning 142

Financial Planning Planning Retirement Planning Tax Planning 142

Nerd's Eye View

NOVEMBER 2, 2022

While there is some overlap between the specific documents to be submitted for those registering with the SEC as opposed to the states, the universe of documents is far from identical. Notably, along with certain standardized forms (e.g., Read More.

Compliance 130

Compliance Investing Investments Government 130

Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Financial Planner 246

Financial Planner Compliance CFP Clients 246

Carson Wealth

MARCH 27, 2025

In these situations, its important to have a plan in placeto protect yourself and your legacy. However, unless you named a co-agent or alternate agent in the same POA document or are still competent to appoint someone else to act on your behalf, a power of attorney cannot choose who takes over their duties. Compliance case #7754770.2

Fiduciary Duty 77

Fiduciary Duty Medical Estate Planning Healthcare 77

Nerd's Eye View

AUGUST 24, 2022

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

Electronics 242

Electronics Clients Retirement Planning Financial Advice 242

Nerd's Eye View

AUGUST 24, 2022

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

Electronics 238

Electronics Clients Retirement Planning Financial Advice 238

Nerd's Eye View

JUNE 21, 2023

In addition to collecting the required reports, the firm’s Chief Compliance Officer (CCO) also has certain review requirements.

Ethics 244

Ethics Fiduciary Duty Compliance Clients 244

Harness Wealth

NOVEMBER 12, 2024

Proactive year-end tax planning can lead to significant savings and set you up for financial success in the new year. Checklist: Year-end Tax Planning Strategies Review the following tax strategies with your tax advisor and/or financial advisor before the end of the year.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

BlueMind

FEBRUARY 11, 2022

Therefore, digital documentation can be very critical for the onboarding process. This long and arduous process of client onboarding demands that you have all the required documentation lined up in a row before creating financial goals and plans with your client. Category: Technology.

Compliance 52

Compliance Financial Advisor Clients Electronics 52

Nerd's Eye View

JUNE 4, 2024

Freeman is the Co-Founder of La Crosse Financial Planning, an RIA based in La Crosse, Wisconsin, that oversees nearly $50 million in assets under management (AUM) for 73 client households. Welcome everyone! Welcome to the 388th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Freeman Linde. Read More.

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

Nerd's Eye View

JUNE 4, 2024

Freeman is the Co-Founder of La Crosse Financial Planning, an RIA based in La Crosse, Wisconsin, that oversees nearly $50 million in assets under management (AUM) for 73 client households. Welcome everyone! Welcome to the 388th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Freeman Linde. Read More.

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

Nerd's Eye View

JULY 24, 2024

Beyond the confirmation of the general post-death RMD rules, the 260-page Final Regulations document offers a slew of other regulatory guidance for specific circumstances where the new rules for Eligible and Non-Eligible Designated Beneficiaries apply.

Distribution 190

Distribution Accounting Retirement Tax Planning 190

Steve Sanduski

OCTOBER 27, 2024

When team members have access to well-documented procedures and checklists, they can perform their tasks with greater assurance and accuracy. System: The final step is to document the detailed instructions about how each task is completed. Building the Team: Involves processes for attracting, training, and retaining top talent.

Clients 64

Clients Financial Advisor Management Compliance 64

Harness Wealth

MARCH 27, 2025

Effective financial planning requires business owners to understand how their income is taxed, with their share of business income subject to individual, state, and local taxes. Simplified tax filing PTET’s consolidation of state tax payments streamlines administrative processes and minimizes compliance costs.

Taxes 52

Taxes Compliance Consulting Financial Planning 52

Harness Wealth

MARCH 27, 2025

For example, state tax planning strategies can involve the selection of favorable jurisdictions for fund formation and investment activities. As should be clear by now, effective tax planning is essential to minimizing tax liabilities in secondary market investments. FIRPTA planning using a U.S. corporation that holds U.S.

Taxes 52

Taxes Tax Planning Assets Compliance 52

Ballast Advisors

JUNE 18, 2024

As you navigate the waters of financial planning, it’s crucial to maintain balance and stability amidst the complexities of owning multiple residences in different states. It’s crucial to understand the tax laws of each jurisdiction to ensure compliance. This can include federal, state/provincial, and local taxes.

Insurance Coverage 52

Insurance Coverage Insurance Taxes Financial Planning 52

Nerd's Eye View

FEBRUARY 21, 2024

Additionally, companies formed on or after January 1, 2024, will need to include "company applicants", which are the individuals who filed and/or directed the filing of the company's business formation documents at the state level in their BOI reporting. And if any of the company's beneficial owners change (e.g.,

Insurance 241

Insurance Numbers Clients Business Planning 241

Inside Information

JANUARY 31, 2025

Depending on a firms tech strategy, she wrote, advisors may have to log in to the CRM, custodian, portfolio accounting, planning software, tax planning software, estate planning software, social security maximizer software, etc.,

Risk Tolerance 40

Risk Tolerance Consulting Estate Planning Wealth Advisor 40

Harness Wealth

DECEMBER 30, 2024

The key differences between 83(i) and 83(b) elections The benefits and risks of an 83(i) election The eligibility criteria for an 83(i) election How to file an 83(i) election 83(i) compliance requirements for companies Is an 83(i) election right for you? Broad-based equity plan: At least 80% of U.S.-based What is an 83(i) election?

Taxes 52

Taxes Compliance Compensation Planning Financial Advisor 52

Harness Wealth

JANUARY 9, 2025

It also requires an individuals 401(k) plan to allow after-tax contributions and in-service withdrawals. While a Mega Backdoor offers greater potential for individual contributions, pursuing the strategy can be a complex process as not all 401(k) plans support the necessary features. Complex setup process.

Taxes 52

Taxes Planning Retirement Retirement Planning 52

Harness Wealth

FEBRUARY 4, 2025

Tax-efficient investing in alternative assets requires proactive planning to minimize tax liabilities and maximize after-tax returns. These include legal fees, administrative costs, audit expenses, compliance costs, and operational fees. What Are the Tax Strategies for Alternative Investments?

Taxes 52

Taxes Investing Investments Startup 52

Harness Wealth

FEBRUARY 5, 2025

Maintaining accurate records of foreign income and taxes paid is therefore vital to calculating the correct FTC and maintaining tax compliance. Additionally, Neil secured a long-term property lease in Mexico, with plans to eventually purchase a property. citizens navigate the often-confusing realm of international tax compliance.

Taxes 52

Taxes Compliance Accounting Government 52

Harness Wealth

FEBRUARY 19, 2025

Ensure BOI reporting compliance and remain updated with the latest BOI regulations with a tax advisor from Harness. Enter reporting company information Legal Name: Enter the full legal name of the reporting company exactly as it appears on official documents.

Taxes 52

Taxes Financial Advisor Consulting Certification 52

Sara Grillo

OCTOBER 21, 2022

For Jonathan Grannick, his first job as a financial paraplanner he found on the University of Georgia student Financial Planning Association listserv. He cold called over 500 financial planning companies over a year or so to get to a full book of clients. What designations does a paraplanner usually have?

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

Midstream Marketing

DECEMBER 10, 2024

These campaigns help build a strong marketing plan for financial advisors. By adding these campaigns to your plan, you can connect with more clients and increase the number of clients you onboard, growing your business over time. Do you specialize in retirement planning for small business owners? Engage with your followers.

Financial Advisor 52

Financial Advisor Marketing Marketing Clients 52

Carson Wealth

JULY 12, 2022

We speak a secret language in financial planning. Translating from the secret language of financial planning, the sentence would read “Tammy specializes in insurance. The first step in the competency stairway is regulatory compliance. . Common degrees used in financial planning include: . Conferred Degrees.

Financial Advising 98

Financial Advising Financial Planning Ethics Financial Services 98

Sara Grillo

JANUARY 9, 2023

As the move to transparency in financial planning takes hold, regulations are changing in Colorado and other states. Here’s the triumph of virtue that financial planning transparency will (FINALLY) bring to planners across the country and the benefits to clients that come along with it. What should financial advisors do?

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

Good Financial Cents

DECEMBER 14, 2022

The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company.

Budgeting 88

Budgeting Compliance Accounting Insurance 88

Ballast Advisors

JUNE 18, 2024

As you navigate the waters of financial planning, it’s crucial to maintain balance and stability amidst the complexities of owning multiple residences in different states. It’s crucial to understand the tax laws of each jurisdiction to ensure compliance. This can include federal, state/provincial, and local taxes.

Insurance Coverage 52

Insurance Coverage Management Insurance Taxes 52

BlueMind

SEPTEMBER 3, 2022

Related: Compliance and Automation – An Ideal Unison! It is always good form to have questions in a documented format for assessing a client’s risk. How many years do you plan to work before you retire? Risk Tolerance In academic terms, risk tolerance refers to the client’s “willingness” to take on risks.

Risk Tolerance 105

Risk Tolerance Clients Portfolio Financial Advisor 105

Diamond Consultants

NOVEMBER 29, 2022

Knowledge is power—particularly in a world where compliance scrutiny has ramped up, and firms prioritize risk reduction over revenue creation. Internal investigations are exactly what they sound like, a review undertaken by your firm’s legal and compliance team to gather the facts surrounding a potential infraction. What are they?

Compliance 52

Compliance Recruitment Media Planning 52

FMG

OCTOBER 2, 2024

When advisors send a quick text reminder about documents previously requested via email, they often see those materials completed and returned within just 5 minutes (MyRepChat Internal Data, 2024). This ensures all client interactions are properly documented and easily accessible, enhancing your ability to provide personalized service.

Financial Advisor 52

Financial Advisor Communication Clients Numbers 52

Brown Advisory

NOVEMBER 12, 2015

Strategic Advisory Letter | 2015 Year-End Planning Checklist. As 2015 comes to a close, we remind our clients and friends of how important it is take time to review new tax rules, consider tax-saving opportunities and review investment and asset-protection plans before year’s end. Thu, 11/12/2015 - 11:10.

Planning 52

Planning Taxes Distribution Medical 52