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Welcome to the 409th episode of the FinancialAdvisor Success Podcast ! Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financialplanning (as well as consulting with over 15,000 clients on student loan debt).
And with the advent of AI in particular, questions have emerged about whether technology will replace many human jobs, including financialadvisors. Nonetheless, AI Notetakers are not just for solo advisors; instead, they're also increasingly popular amongst larger (e.g.,
Taxes are a central component of financialplanning. Almost every financialplanning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden.
Welcome back to the 342nd episode of the FinancialAdvisor Success Podcast ! Nancy is the Founder and CEO of Smarter Divorce Solutions, a consulting firm based in Phoenix, Arizona that provides financial expertise to individuals and couples (and sometimes, mediators and attorneys) going through the divorce process.
Welcome back to the 336th episode of the FinancialAdvisor Success Podcast ! Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financialplanning tool that helps financialadvisors create a visual representation of their clients’ financial situation, reaching over 1.25
For all of the myriad ways financialadvisors can structure and run their practices, firm owners generally encounter similar stages in the development of their firms.
Welcome back to the 289th episode of the FinancialAdvisor Success Podcast ! My guest on today's podcast is Kamila Elliott. Kamila is the CEO and Founder of Collective Wealth Partners, an independent RIA based in Atlanta, Georgia, that oversees nearly $25 million in assets under management for almost 175 client households.
Welcome to the March 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financialadvisors!
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. Read More.
Nonetheless, fewer than 10% of SEC-registered investment advisers report using them, even though the SEC’s updated investment adviser marketing rule allows financialadvisors to proactively encourage testimonials (from clients), use endorsements (from non-clients), and highlight their own ratings on various third-party review sites.
Let's talk compliance. Sometimes that one word has the power to make financialadvisors break out in a sweat. Many advisors—especially those who haven't managed their own compliance previously—can feel like it's the "monster in the closet." But it doesn't need to be!
Develop a risk management plan to implement strategies that minimize or eliminate risks, and protect your business with appropriate insurance coverage, such as liability, property and business interruption insurance. Get Help with Tax Planning Tax planning is a critical component of financial management.
Welcome back to the 331st episode of the FinancialAdvisor Success Podcast ! My guest on today's podcast is Jake Northrup. Jake is the Founder of Experience Your Wealth, an independent RIA based in Bristol, Rhode Island, that advises 78 client households with a 3-person team supporting more than $550,000 of ongoing revenue.
Also in industry news this week: While the number of RIA M&A deals has not surged in 2024, the average size of deals has increased, demonstrating interest from (often private-equity-backed) firms in pursuing larger targets Off-channel communication tops the list of concerns amongst RIA compliance professionals, with advertising and marketing coming (..)
By adopting these campaigns, advisors can achieve better results, connect with their target audience, and grow their business successfully. Introduction In todays challenging market, financialadvisors need strong financialadvisor marketing strategies. This is why video marketing works well for financialadvisors.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study indicates that nearly a third of advisors in the independent broker-dealer channel have considered transitioning to the RIA channel during the past year as they seek higher payouts and not just "independence" but (..)
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the FinancialPlanning Association and Money.com are planning to publish a “Best FinancialAdvisors” list based on advisors’ education, credentials, and experience, as well as harder-to-quantify (..)
Welcome to the June 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financialadvisors!
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)
(riabiz.com) AI Is AI an existential threat to the business of financial advice? advisorperspectives.com) Vanilla is rolling out more AI tools for estate planning. investmentnews.com) Compliance How to conduct and document an annual compliance review. riabiz.com) The upside of pro bono financialplanning.
Over the past year, we've published articles written with one purpose in mind: to help independent financialadvisors be successful. 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.
Financialadvisors have a fiduciary obligation to act in their clients' best interests, and at the same time are prohibited by state and SEC rules from making misleading statements or omissions about their advisory business.
Key Highlights Content marketing helps financialadvisors stand out and earn trust from potential clients. When advisors share valuable content for a specific target audience, they can attract new clients and boost their online presence. It helps advisors show their thought leadership and grow their business.
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 (..)
However, the reality is that it’s very expensive to build and maintain technology, especially when considering the full range of CRM, portfolio management, financialplanning, and more than a dozen other sub-categories of technology that financialadvisors use in their firms.
Of course, this is a scenario that leaves zero time to actually serve financial practice clients and manage their money! Thats why smart financialadvisors outsource the business of marketing to a digital marketing agency. But thats still not good enough for financial planners, given the highly regulated industry.
In today’s digital world, email marketing for financialadvisors is an extremely powerful tool. Compliance: Consistently adhere to Securities and Exchange Commission (SEC) , FINRA , Regulation Best Interest , broker-dealer compliance , and state regulations for financialadvisors.
FinancialAdvisor Bio Most financialadvisors haven’t completely filled out their LinkedIn profiles. Writing a LinkedIn bio for financialadvisors can be the most difficult type of writing, yet a great bio is critical when attracting prospects online. Check out three I recommend copying: 1.
Why Philanthropic Planning Matters There are two main reasons for taking the time and effort to make a philanthropic plan. When you have the resources to make an impact, this type of planning helps you pinpoint what you want to accomplish for your family, community, and society. Establish a budget and schedule for giving.
Financialadvisors play a crucial role in assisting you before your retire. They can assess your financial situation, long-term goals, risk tolerance, and investment preferences to create personalized strategies. The benefits of having a financialadvisor extend far beyond your working years.
This platform helps by giving advisors the tools and resources they need to connect more effectively. With Forefield’s tools, financialadvisors can design focused marketing campaigns, share useful content, and talk to clients in a personal way. How can financialadvisors benefit from using Forefield?
Welcome to the 387th episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Jenny Martella. Jenny is a Principal and Wealth Manager at Modera Wealth Management, an RIA based in Westwood, New Jersey, that oversees $12.5 Read More.
Welcome to the 387th episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Jenny Martella. Jenny is a Principal and Wealth Manager at Modera Wealth Management, an RIA based in Westwood, New Jersey, that oversees $12.5 Click the icon below to listen.
Welcome to the 388th episode of the FinancialAdvisor Success Podcast ! Freeman is the Co-Founder of La Crosse FinancialPlanning, an RIA based in La Crosse, Wisconsin, that oversees nearly $50 million in assets under management (AUM) for 73 client households. Welcome everyone! Read More.
Welcome to the 388th episode of the FinancialAdvisor Success Podcast ! Freeman is the Co-Founder of La Crosse FinancialPlanning, an RIA based in La Crosse, Wisconsin, that oversees nearly $50 million in assets under management (AUM) for 73 client households. Welcome everyone! Read More.
The adoption of the fee-for-service financialplanning model is changing the dynamics of business operations inside wealth management firms. But without a well-defined service model to deliver financialplanning services, advisors soon discover that unstructured, ad-hoc service offerings don’t scale very well.
We rounded up some of XYPN's best resources for advisors who want to launch their own financialplanning firms. From tackling compliance to creating a business plan and everything in between, this roundup of resources will set you up for firm launch success.
Here are real accounts of what a day in the life of a financialadvisor entails, from real professional financialadvisors. Why did I find it necessary to write about the day in the life of a financialadvisor? I am a CFA® charterholder and financialadvisor marketing consultant.
With a background as a software executive, David was drawn to the potential of ChatGPT, prompting him to learn how he could use it to enhance his capabilities as an advisor. Additionally, AI tools have allowed David to transform what were once monologue-based planning meetings into interactive, engaging dialogues.
For those looking to crack in and get a job at an RIA firm and become a financialadvisor – good news! I am a CFA® charterholder and I used to be a financialadvisor. I have a weekly newsletter in which I talk about financialadvisor lead generation topics which is best described as “fun and irreverent.”
Deciding to take the leap to start your own financialplanning firm can be very scary. How do I manage compliance? While the questions are the same for advisors starting their own RIA, their decisions are as individual as the advisors making them. And actually "leaping" can feel overwhelming.
Over the past year, we've published articles written with one purpose in mind: to help independent financialadvisors be successful. 5 MIN READ. As 2022 comes to a close, we rounded up our top 10 most-viewed blogs published this year.
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