Nerd's Eye View

JUNE 4, 2024

In this episode, we talk in-depth about how Freeman used a customized spreadsheet to analyze the financials that ended up favoring operating as an independent RIA rather than under a broker-dealer’s grid and platform fees (in particular the ability to boost long-term profitability by paying expenses as a flat cost rather than as a percentage (..)

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

Nerd's Eye View

JUNE 4, 2024

In this episode, we talk in-depth about how Freeman used a customized spreadsheet to analyze the financials that ended up favoring operating as an independent RIA rather than under a broker-dealer’s grid and platform fees (in particular the ability to boost long-term profitability by paying expenses as a flat cost rather than as a percentage (..)

Fee Only 130

Fee Only Financial Advisor Clients Estate Planning 130

XY Planning Network

AUGUST 5, 2024

In today's digital age, marketing—especially digital marketing—is crucial to any business strategy. As marketing evolves, so do the regulations designed to prevent fraud and ensure fair practices. So, what does this mean for RIAs regarding their marketing efforts and staying compliant?

Compliance 91

Compliance Marketing Marketing Clients 91

Nerd's Eye View

MAY 28, 2024

In this episode, we talk in-depth about how Jenny and her partner grew their firm from $19 million to $250 million of assets under management in just 7 years, thanks in large part to investing in a professionally designed website that highlighted their status as a women-run fee-only financial planning firm, how Jenny felt an increasing burden of operational (..)

Wealth Management 130

Wealth Management Financial Advisor Fee Only Communication 130

XY Planning Network

JULY 23, 2024

Becoming an independent fee-only financial advisor can seem overwhelming, lonely, and stressful. Add to that the burdens of everyday life—or, heaven forbid, a major life-changing event—that can almost make you feel like your dream career is unattainable.

Fee Only 83

Fee Only Compliance CFP Financial Services 83

Nerd's Eye View

MAY 28, 2024

In this episode, we talk in-depth about how Jenny and her partner grew their firm from $19 million to $250 million of assets under management in just 7 years, thanks in large part to investing in a professionally designed website that highlighted their status as a women-run fee-only financial planning firm, how Jenny felt an increasing burden of operational (..)

Wealth Management 130

Wealth Management Financial Advisor Fee Only Communication 130

Sara Grillo

OCTOBER 21, 2022

Fee-only advisor – This is an advisor that does not charge commissions and hence is believed to be more aligned with the client’s best interests. Fee-only advisors are bound to the fiduciary standard. He knew before graduating fee-only was the path for him, his conscience, and his personality.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

XY Planning Network

DECEMBER 18, 2023

From RIA compliance best practices to using behavioral marketing tactics to get more clients, this list is loaded with one helpful resource after another to send you into 2024. Over the past year, we've published articles written with one purpose in mind: to help independent financial advisors be successful. Enjoy, and happy reading!

Financial Advisor 104

Financial Advisor Compliance Clients Marketing 104

XY Planning Network

SEPTEMBER 30, 2024

Some of these issues could cause you to fall out of compliance, a dreaded word in the Financial Planning industry. It's not just about recording numbers; there are rules, regulations, and standards to follow. Missing even a minor detail could lead to significant issues down the line.

Compliance 98

Compliance Financial Planning Planning Numbers 98

XY Planning Network

APRIL 1, 2024

How do I manage compliance? And actually "leaping" can feel overwhelming. There are so many decisions and responsibilities. How am I going to make this work? What business model should I use? How do I market myself? What's this going to cost?

Compliance 98

Compliance Financial Planning Planning Management 98

XY Planning Network

MAY 13, 2024

But since the hiring landscape is ever-changing let’s take another look at the topic, this time from a more compliance-related perspective. Your Guide to Creating a Positive Employee Onboarding Experience , just to name a few. Ready for a fun fact?

Compliance 92

Compliance Fee Only 92

XY Planning Network

AUGUST 15, 2022

Let’s dive into several ways to keep your compliance organized beyond the filing cabinet. It can evoke a certain amount of nerves on its own (especially if it’s your first time!) Double that stress if you are not well organized.

Compliance 87

Compliance Fee Only Financial Advisor 87

XY Planning Network

FEBRUARY 12, 2024

How do I manage compliance? And actually "leaping" can feel overwhelming. There are so many decisions and responsibilities. How am I going to make this work? What business model should I use? How do I market myself? What's this going to cost?

Compliance 103

Compliance Financial Planning Planning Management 103

XY Planning Network

JULY 29, 2024

Here are the compliance-related areas you should focus on before registering your RIA. What often gets overlooked until much later in the planning phase is registering as an investment adviser at the State or SEC level and how to prepare for that effectively.

Compliance 85

Compliance Clients Planning Investing 85

XY Planning Network

APRIL 15, 2024

How do I manage compliance? And actually "leaping" can feel overwhelming. There are so many decisions and responsibilities. How am I going to make this work? What business model should I use? How do I market myself? What's this going to cost?

Compliance 83

Compliance Financial Planning Planning Management 83

XY Planning Network

SEPTEMBER 16, 2024

Keeping up with bookkeeping is mandatory for tax & regulatory compliance, informed decision-making, and accurate financial tracking. Your business could be audited at any point in the year, and having up-to-date books is essential to passing that audit. And remember, the earlier, the better to avoid the last-minute frenzy.

Compliance 76

Compliance Taxes Fee Only 76

Walkner Condon Financial Advisors

APRIL 21, 2023

What does it mean to be a Fee-Only financial advisor ? Fee-Only financial advisors and firms receive no sales-related compensation or incentives. They are compensated only by the fee the client pays. This fee covers not only investment management, but also financial planning.

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

XY Planning Network

AUGUST 28, 2023

How do I manage compliance? And actually "leaping" can feel overwhelming. There are so many decisions and responsibilities. How am I going to make this work? What business model should I use? How do I market myself? What's this going to cost?

Compliance 90

Compliance Financial Planning Planning Management 90

XY Planning Network

MARCH 18, 2024

How do I manage compliance? And actually "leaping" can feel overwhelming. There are so many decisions and responsibilities. How am I going to make this work? What business model should I use? How do I market myself? What's this going to cost?

Compliance 82

Compliance Financial Planning Planning Management 82

XY Planning Network

APRIL 3, 2023

If it often feels as if your to-do list never ends with administrative tasks and compliance management, on top of your regular client meetings, you’re not alone! 3 MIN READ Raise your hand if you've ever wondered how you can boost your productivity and become more efficient. ?

Financial Advisor 75

Financial Advisor CFP Compliance Management 75

XY Planning Network

JUNE 5, 2023

From tackling compliance to creating a business plan and everything in between, this roundup of resources will set you up for firm launch success. Making the decision to go independent and launch an RIA on your own can be scary, but the good news is you’re not alone as you begin the journey toward independence.

Financial Advisor 65

Financial Advisor Compliance Financial Planning Business Planning 65

Sara Grillo

DECEMBER 13, 2024

Advice-only financial planning is fee-only comprehensive financial planning without the expectation or even the option to manage any client investments. Financial planning is offered as a stand-alone product; it is the only thing that an advice-only financial planner does.

Financial Planning 52

Financial Planning Compliance Financial Planner Fee Only 52

Sara Grillo

MARCH 22, 2024

Oregon Andrew Gray www.graywealthstrategies.com Flat Fee only (ongoing and one time plan) specializing in retirees and those approaching retirement. Corey Beal Home Pennsylvania Bill Hines www.emancipare.com We are advice-only, flat-fee, fee-only, transparent, holistic, inexpensive, and most importantly, altruistic and honest!

Financial Planning 52

Financial Planning Fee Only Financial Planner Financial Advisor 52

XY Planning Network

FEBRUARY 20, 2023

There are customers and employees, marketing and keeping an eye on industry trends, cash flow and compliance. 8 MIN READ There are a million things to keep track of when running a business. With these come a number of different dates to keep track of, which as a small business owner or a solopreneur can get overwhelming, fast. to address!

Taxes 74

Taxes Financial Advisor Compliance Numbers 74

XY Planning Network

JUNE 5, 2023

From tackling compliance to creating a business plan and everything in between, this roundup of resources will set you up for firm launch success. Making the decision to go independent and launch an RIA on your own can be scary, but the good news is you’re not alone as you begin the journey toward independence.

Financial Advisor 52

Financial Advisor Compliance Financial Planning Business Planning 52

XY Planning Network

JUNE 13, 2022

Outside managers offer affordable investment management services for smaller accounts and can be a wonderful option for advisors and their clients, just keep in mind that leveraging an outside manager comes along with some regulatory considerations and compliance to-dos.

Management 52

Management Investing Investments Compliance 52

Inside Information

APRIL 26, 2024

The broker-dealers would tell their reps (and some still do) that if they were to venture outside of the BD’s compliance umbrella and go fee-only, the SEC would come after them with a vengeance. Or that FINRA is going to take over the regulation of all advice-givers, and bring the hammer down on those fee-only ‘rogue brokers.’

Fee Only 40

Fee Only Professional Services Clients Management 40

XY Planning Network

AUGUST 28, 2023

How do I manage compliance? And actually "leaping" can feel overwhelming. There are so many decisions and responsibilities. How am I going to make this work? What business model should I use? How do I market myself? What's this going to cost?

Compliance 52

Compliance Financial Planning Planning Management 52

Sara Grillo

JANUARY 9, 2023

Specific examples: Educating financial advisors of all business models (AUM, fee only, commission, etc.) Executing outreach to college students to encourage them to avoid predatory wirehouse and insurance training programs and pursue fee-only paraplanning jobs instead. Colorado Department of Regulatory Agencies.

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

Inside Information

MAY 30, 2023

Another uncomfortable fact is that these BDs have enormous compliance departments which supervise all of the communications put out by the reps and their offices—which is required by FINRA. The compliance people have to pre-approve their communications. Sales are important, but the BD executives won’t be talking about that.

Communication 40

Communication Sales Insurance Compliance 40

XY Planning Network

DECEMBER 11, 2023

Unless your firm is registered with the SEC, your business is likely subject to the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act. This post dives into key details and what you need to know as we head towards 2024 to ensure you’re compliant.

Investment Advisor 97

Investment Advisor Investing Investments Fee Only 97

The Big Picture

JANUARY 21, 2025

I mean, these sort of traditional brokers were much slower to adopt ETFs than, you know, fee only financial advisors. It was just a struggle from day one, particularly in the regulatory environment that is the securities business between lawyers and compliance people. I’m curious as to what you witnessed.

Investing 147

Investing Investments Management Retirement 147

XY Planning Network

AUGUST 19, 2024

Transitioning from a solo operation to a dynamic team can be a game-changer for boutique financial planning firms. But with growth comes the challenge of building a cohesive team and managing turnover. The key to overcoming these hurdles is intentionally defining and nurturing your firm’s culture.

Financial Planning 90

Financial Planning Planning Management Fee Only 90

XY Planning Network

JULY 8, 2024

As the world of financial advice continues to evolve from being mostly investment product-driven to delivering a one-time financial plan as a basis for investment recommendations and, more recently, toward ongoing, comprehensive financial planning advice, the tools advisors use to analyze client situations and generate insightful advice have also evolved. (..)

Financial Planning 89

Financial Planning Planning Financial Advice Clients 89

XY Planning Network

NOVEMBER 28, 2022

7 MIN READ. We see many advisors with successful careers in financial planning and investment management influenced at some level by the ability to cross every “T” and dot every “I.”

Financial Planning 91

Financial Planning Clients Investing Investments 91

XY Planning Network

NOVEMBER 14, 2022

3 MIN READ. Knowledge is Power, Power provides Information; Information leads to Education, Education breeds Wisdom; Wisdom is Liberation. People are not liberated because of lack of knowledge.”? Israelmore Ayivor. I love learning and growing my brain, don’t you?

Education 93

Education Financial Advisor Clients Fee Only 93

XY Planning Network

JUNE 10, 2024

In the dynamic world of advisory firms, the relentless pursuit of operational efficiency and superior client service continues unabated. Recent surveys conducted by our team at Hubly reveal that many firms prioritize "team accountability" above significant concerns such as workflows for money movements, financial planning, or client onboarding.

Financial Planning 85

Financial Planning Clients Accounting Planning 85