The Close Relationship Between Financial Planning and Estate Planning
Wealth Management
AUGUST 12, 2024
Estate planning and financial planning are two peas in a pod that are becoming inextricably tied.
Estate Planning Financial Planning Management 
The Best Of Weekend Reading 2024: Top 24 Articles You Might Have Missed
Nerd's Eye View
DECEMBER 30, 2024
Each week in Weekend Reading For Financial Planners, 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.
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Book of Secrets on the Month-End Close
What Your Financial Statements Are Telling You—And How to Listen!
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management
Trending Sources
Increasing Financial Planning Efficiency With A Systematized Annual Process
Nerd's Eye View
NOVEMBER 21, 2022
Which means that on any given workday, advisors might find themselves reviewing one client’s portfolio and another’s estate plan in the morning, and having a meeting with a third client later in the afternoon. With this approach, the advisor can focus on particular planning areas (e.g.,
Adviser links: a reliable support system
Abnormal Returns
MARCH 4, 2024
Retirement JP Morgan Asset Management's 'Guide to Retirement.' am.jpmorgan.com) How longevity literacy affect financial wellness in retirement. advisorperspectives.com) Practice management Why RIAs need to focus on organic growth. fa-mag.com) Alts Should RIAs recommend funds managed by their PE-backers?
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Estate Planning as a Financial Steward
Cornerstone Financial Advisory
JANUARY 27, 2025
Tim Flick, CFP, CKA Certified Financial Planner Professional Certified Kingdom Advisor Founder, Investment Advisor Cornerstone Financial Advisory Phone: 317-947-7047 Email: tflick@cornerfi.com All Bible verses in this article are English Standard Version (ESV). What Does God Say About Financial Planning for an Estate?
Adviser links: the power of personalization
Abnormal Returns
SEPTEMBER 4, 2023
standarddeviationspod.com) Creative Planning Creative Planning is buying Goldman Sachs' former Personal Financial Management unit. citywire.com) The deal underlines Creative Planning's rapid growth over the past few years. riabiz.com) Creative Planning could reintroduce the United Capital brand.
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The Latest In Financial #AdvisorTech (February 2024)
Nerd's Eye View
FEBRUARY 5, 2024
This month's edition kicks off with the news that financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members and clients – which on the one hand capitalizes on advisor demand for workflow solutions tailored (..)
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Adviser links: mission and purpose
Abnormal Returns
MAY 6, 2024
Podcasts Brendan Frazier talks with Emily Koochel about the difference between behavioral finance and financial psychology. wiredplanning.com) Steve Chen talks with Jordan Hutchison, Vice President of Technology for RFG Advisory, about the evolving landscape of financial planning. kitces.com) What is financial planning?
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What is a Stepped Up Basis? Cost Basis of Inherited Stock and Other Assets
Darrow Wealth Management
JANUARY 16, 2025
You’ll need to fill out paperwork with the custodian if there isn’t a financial advisor managing the accounts. At a high level, if the asset is part of the decedent’s estate it’s typically eligible for a step-up. Assets that bypass the estate through a trust or another mechanism are usually not eligible.
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42% More Likely to Succeed? Write Down Your 10 Financial Goals for 2025!
Dear Mr. Market
DECEMBER 31, 2024
Because when it comes to financial planning, you’re ready to write it downand studies show that writing down your goals makes you 42% more likely to achieve them. Heres your top 10 financial planning checklist for the new year. Track Progress Regularly Financial plans arent set it and forget it.
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The Latest In Financial #AdvisorTech (April 2023)
Nerd's Eye View
APRIL 3, 2023
million in seed funding to support its growth as it builds out its "end-to-end" financial planning and advice engagement platform (but will it be able to replace, rather than augment, advisors' existing financial planning software?)
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Adviser links: ventilation of your schedule
Abnormal Returns
MARCH 20, 2023
(wiredplanning.com) Daniel Crosby talks with Emily Koochel about defining and seeking financial wellness. standarddeviationspod.com) Banks The combined UBS-CS will be a money management giant. barrons.com) The FDIC is planning to sell SVB Private separately from the rest of the bank. thinkadvisor.com)
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Adviser links: staffing a growing firm
Abnormal Returns
SEPTEMBER 9, 2024
Podcasts Michael Kitces talks financial wellness with Zack Hubbard. Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors. youtube.com) Brendan Frazier talks with Michael Kitces about mastering the human side of financial advice. kitces.com) How planning changes for the child-free.
What (Really) Makes Advisors More Productive And The Third Kitces Research Study On Advisor Productivity
Nerd's Eye View
SEPTEMBER 19, 2022
2022 marks the 50 th anniversary of the enrollment of students into the first Certified Financial Planner (CFP) course, and in the years since then, financial planning (and the process of creating a financial plan) has changed extensively.
#FA Success 303: Pivoting From ‘Robo’ Investment Management To Financial Planning In South Africa, With Louis van der Merwe
Nerd's Eye View
OCTOBER 18, 2022
equivalent of nearly $60 million in assets under management for 115 client households. Louis is the Director of WealthUp, an independent advice practice based in Cape Town, South Africa, that oversees the U.S.
Adviser links: technology bets
Abnormal Returns
MAY 29, 2023
Podcasts Michael Kitces talks with Meg Bartelt of Flow Financial Planning about evolving her practice. kitces.com) Brendan Frazier talks with Bari Tessler, author of "The Art of Money: A Life-Changing Guide to Financial Happiness." ritholtz.com) Are you a Texas-based adviser interested working with Ritholtz Wealth Management?
What High-Net-Worth Prospects (Really) Want From A Financial Advisor
Nerd's Eye View
JANUARY 22, 2024
In the early days of wealth management, a financial advisor's value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g., selling and trading) or on sales-oriented advice that centered on implementing insurance products.
Personal finance links: not worrying about money
Abnormal Returns
JUNE 28, 2023
Mack talks with Goldstone — a manager of investment research at Condor Capital Wealth Management and co-author of Condor's "Robo Report." financial-planning.com) Retirement How a Flexible Spending Strategy works in retirement, with some caveats. savantwealth.com) What is an estate plan? morningstar.com) Justin L.
6 Items to Put on Your Estate Plan Checklist
Integrity Financial Planning
MAY 23, 2023
An estate plan is a legal document that outlines a person’s wishes for the distribution of their assets and property after their death. It is essential to create an estate plan to ensure that your family and loved ones are taken care of in the event of your passing. Contact us today to get started!
The Latest In Financial #AdvisorTech (July 2023)
Nerd's Eye View
JULY 3, 2023
This month's edition kicks off with the news that Pershing X has announced the launch of its long-awaited (and newly renamed) “Wove” advisor technology platform – which despite purporting to be an open-architecture, multi-custodian solution allowing advisors to smoothly integrate all the technology they choose to bring onto it, in (..)
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#FA Success Ep 309: Leveraging Structured Notes To Differentiate A Highly-Leveraged $300M Solo Practice, With Anh Tran
Nerd's Eye View
NOVEMBER 29, 2022
Welcome back to the 309th episode of the Financial Advisor Success Podcast ! Anh is the Founder and Managing Partner for SageMint Wealth, a corporate LPL-affiliated RIA based in Orange, California, that oversees nearly $325 million for 195 client households. My guest on today's podcast is Anh Tran.
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Weekend Reading For Financial Planners (October 26–27)
Nerd's Eye View
OCTOBER 25, 2024
Also in industry news this week: The SEC this week released its list of priorities for 2025 examinations, which include advisers' use of Artificial Intelligence tools, adviser recommendations of complex investment products, and broker-dealers' compliance with Regulation Best Interest CFP Board has introduced a refreshed ad campaign encouraging students (..)
Weekend Reading For Financial Planners (August 24-25)
Nerd's Eye View
AUGUST 23, 2024
financial planning, CRM, portfolio management), while taking a more tailored approach to selecting tech in other categories. The survey found that most firms fall into the middle category, utilizing tech in categories that provide an assessed high return on investment (e.g., Read More.
Adviser links: technical skill
Abnormal Returns
DECEMBER 5, 2022
Podcasts Rick Ferri talks estate planning with Ryan Barrett and Mike Piper. wsj.com) Planning The ways that a financial planner 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.
#FASuccess Ep 401: One-On-One Advice Through Financial Wellness Programs To (Profitably) Expand The Reach Of Financial Planning, With Zack Hubbard
Nerd's Eye View
SEPTEMBER 3, 2024
Welcome to the 401st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Zack Hubbard.
Announcing IAR CE From Kitces And The Mid-Year State Of The Blog
Nerd's Eye View
JULY 25, 2022
Yet despite this – and perhaps even because of it – advisory firms are putting an ever-greater focus on financial planning in 2022, as a way to both show value to clients in the midst of difficult market returns, and, more broadly, to help clients navigate the current environment.
Financial Planning for a Divorce
Darrow Wealth Management
MARCH 31, 2023
There are many financial planning considerations before, during, and after a divorce. A key part of the process from a financial standpoint is dividing the assets. Once the divorce is finalized, a crucial (but often overlooked) part of the process is updating estate documents and beneficiary designations.
4 Pitfalls of Not Having a Financial Plan
Carson Wealth
APRIL 25, 2024
There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being.
Incorporating Collectibles into High-Net-Worth Financial Planning with Tom Ruggie
Steve Sanduski
FEBRUARY 18, 2025
Advisors who learn how to incorporate these and other emerging asset classes into Life-Centered Financial Plans will be offering a valuable service that sets them apart — especially in the eyes of high-net-worth individuals. Including collectibles in estate planning to avoid family disputes.
Why Should I Hire a Financial Advisor? 5 Benefits of Financial Advice
Carson Wealth
JANUARY 8, 2025
While some individuals manage their finances independently or utilize automated platforms, the personalized guidance of a financial advisor may offer distinct advantages. One study found that an advisor-managed portfolio could produce an additional 3% value add annually over a self-managed (DIY) portfolio.
How To Create A Strategic Financial Planning Process For Yourself
Clever Girl Finance
AUGUST 15, 2022
Having a solid personal financial planning process is the first step in achieving your financial goals. Instead, you can leverage the same steps that financial advisors and Certified Financial Planners (CFPs) use to create financial plans for their clients. What is a financial plan?
Financial Planning That Helps Clients Weather Disasters
eMoney Advisor
DECEMBER 6, 2022
Billion-dollar disasters, inflation, and increased building costs mean a perfect storm is brewing for financial planners’ risk management strategies. Insurance in Financial Planning. The CFP® Board includes risk management and insurance in its financial planning principal knowledge topics for a good reason.
The Latest In Financial #AdvisorTech (September 2022)
Nerd's Eye View
SEPTEMBER 5, 2022
Read the analysis about these announcements in this month's column, and a discussion of more trends in advisor technology, including: SmartRIA launches an integration with Kitces.com to help RIAs manage the new IAR CE obligation rolling out from NASAA.
The Benefits & Purpose of a Trust in Estate Planning
Carson Wealth
OCTOBER 25, 2023
The trustee then holds and manages those trust assets for the benefit of one or more beneficiaries. Managing assets requires time and patience. A trustee can manage your assets for you and your loved ones if and when that time comes. Consult with an estate planning attorney in your state for specific guidance.
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How a Fee-Only, Flat-Fee Financial Planner Can Save You $114K+
MainStreet Financial Planning
MARCH 7, 2025
The two most common pricing models are fee-only financial planners (flat-fee or fixed-fee advisors) and AUM-based financial advisors (who charge a percentage of assets under management). Unbiased Advice from a Fiduciary Fee-only financial planners are fiduciaries, meaning they are legally required to act in your best interest.
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Helping Aging Parents Manage and Protect Their Finances
Carson Wealth
APRIL 4, 2024
Once cognition or health is impaired, things can become far more difficult for everyone to manage. Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.) Begin by emphasizing that you are there for them and that you will follow their lead.
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Ten Steps To Creating A Solid Financial Plan For Yourself
Clever Girl Finance
DECEMBER 1, 2022
No one cares about your financial well-being more than you, so it's important to have a financial plan for yourself. Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement. What is a financial plan?
How Will My Financial Plan Change Over the Course of My Life?
Carson Wealth
JANUARY 4, 2024
Which decade should you really start to plan for retirement? Which decade should you focus on managing debt? Set yourself up for future financial success by living each decade to its fullest. Planning in Your 20s Is youth wasted on the young? Which decade can you afford to take more risk? Don’t wait to find out!
Estate Planning: A Key Part of Any Financial Plan
Harness Wealth
JUNE 23, 2023
Estate planning is a critical component of a comprehensive financial plan. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. There are many different types of trusts, each designed to address specific estate planning needs.
Estate Planning Tips for Blended Families: 3 Areas Where Advisors Can Help
eMoney Advisor
MARCH 7, 2023
Stepchildren, remarriages, and ex-spouses: For the modern wealth management client with a blended family, planning to transfer wealth presents a web of complexity. Fortunately, financial professionals have tools and wealth transfer strategies that can help couples be intentional about the use of their assets in an estate plan.
Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently
eMoney Advisor
FEBRUARY 9, 2023
Of an estimated 104 million households seeking some level of financial advice, 88 million of those households want that advice from a financial professional. In this overview, we will explore the demographics of each stage, the financial planning needs of people in each stage, and strategies for serving them.
12 Steps To Creating A Solid Financial Plan For Yourself
Clever Girl Finance
MARCH 19, 2024
No one cares more about your financial well-being than you, so having a personal financial plan is important. Knowing how to make a financial plan will allow you to save money, afford the things you want, and achieve long-term goals like saving for college and retirement. Table of contents What is a financial plan?
Adviser links: slow to change
Abnormal Returns
SEPTEMBER 11, 2023
kitces.com) Christine Benz and Jeff Ptak talk with Cynthia Haddad, an expert on financial planning for people with disabilities and their families. riabiz.com) The biz Creative Planning is going to be flexible holding onto PIF advisers. investmentnews.com) Why the global wealth management is a growth business.
Is Financial Planning Different for Dual-Income Families?
WiserAdvisor
NOVEMBER 4, 2022
For these reasons and several others, it is essential to follow specific financial planning tips for dual-income families. If you wish to learn about financial strategies that can help dual-income families plan their finances better, consider seeking the services of a professional financial advisor for the same.
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