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This month's edition kicks off with the news that Holistiplan has announced the rollout of a new estateplan document extraction tool to stand alongside its highly popular tax return scanning tool – which highlights how advances in AI technology have allowed tools like Holistiplan to go beyond tax returns and scan nearly any kind of document (..)
Which, according to Kitces Research on Advisor Productivity, can lead to higher productivity for advisor teams (but can require an investment in staffing and higher-end planning services to meet their complex planning needs).
When onboarding new clients, financial advisors often use a three-meeting cadence: a Discovery Meeting to gather information, a Presentation Meeting to discuss the plan, and an Implementation Meeting to finalize it.
When onboarding new clients, financial advisors often use a three-meeting cadence: a Discovery Meeting to gather information, a Presentation Meeting to discuss the plan, and an Implementation Meeting to finalize it.
This month's edition kicks off with the news that estateplanning 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' estateplanning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estateplanning (..)
A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client.
Verify that the information is accurate and that all your credit cards, store accounts, and loans are properly listed. Review Your EstatePlanning Documents Take some time to review the key documents in your estateplan, such as your will, power of attorney, and property deeds.
Fortunately, financial professionals have tools and wealth transfer strategies that can help couples be intentional about the use of their assets in an estateplan. Why Focus on EstatePlanning for Blended Families A thoughtful plan and good communication can go a long way in heading off conflict in large families.
In this episode, we talk in-depth about how Jon evolved his "high tech and high touch" mindset to serving clients by regularly iterating upon and updating his advisor tech stack while also elevating his long-time client service administrator into a more holistic client concierge (because the future isn't about tech or human service, it's tech and human (..)
This month's edition kicks off with the news that VRGL (pronounced “Virgil”) has raised a $15M Series A round to scale up its tool that can scan investment account statements and automatically extract the available information about their holdings to analyze the prospect’s performance, risk, diversification, fees, and taxes, with (..)
And if they’re unprepared—or worse, if the family estateplanning strategies are less than buttoned up—how will that affect your practice down the line? To start the conversation with clients preparing to transfer wealth, you can simply say: “Tell me about who in the family was involved in the development of your estateplan.”
They consider your current financial situation, risk tolerance, and future objectives to help develop a comprehensive plan. This personalized approach can help you make financial decisions that are well-informed and strategically sound. link] Mike Gruidel is a non-producing affiliate of Cetera Advisor Networks, LLC.
EstatesEstatePlanning in this Economic Climate Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. If you are in the middle of estateplanning , consider the following strategies to develop a sound plan amidst widespread economic challenges. . Create a Trust . Charitable Remainder Unitrust .
Estateplanning is a critical component of a successful financial strategy. Whether you’ve been putting off your estateplan for years or you’re considering an update due to changes in your family circumstances, it’s essential to keep your plan current. Take a moment to review the checklist.
Provisions of the SECURE Act may require advisors to revisit estateplans for clients who aren't utilizing their RMDs or who have qualified assets intended for the next generation. Stay informed and proactive to help clients meet their estateplanning goals.
The Imperative of EstatePlanning: Not Just for the Affluent Often, there’s a prevailing misconception that estateplanning is a luxury reserved for the wealthy elite. Real estateplanning is a crucial undertaking that every adult and family should prioritize.
Taxes are a central component of financial planning. Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or estateplanning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden.
While a financial plan focuses on managing your finances during your lifetime, an estateplan is essential for determining the fate of your assets after you pass away. Estateplanning involves the transfer of your assets to your heirs in the event of your passing.
In this case, you can speak with your estateplanning attorney about gifting stock to family outright during your life (perhaps someone in a lower tax bracket!) or putting shares in trust to maintain some control while removing the value from your estate.
Read books and blogs , attend webinars, or consult with a wealth advisor to deepen your understanding of investments, estateplanning, and other topics. Update Your EstatePlan Help ensure your legacy is protected by maintaining an up-to-date estateplan. Zoe Financial does not provide legal advice.
Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. EstatePlanning : Ensuring your wealth is passed on according to your wishes.
The Symposium is an event for professionals dedicated to philanthropy, estateplanning, and charitable giving. We provide these links as a convenience only and disclaim any responsibility for the accuracy of information on those other sites. The event is held from 8:00 a.m. to 11:00 a.m.
Frontloading 529 Contributions Contributions to 529 plans can also be frontloaded or “superfunded”, allowing you to make up to five years’ worth of contributions in a single year without incurring gift taxes. Review Your EstatePlanning The end of the year can also be a practical time to take stock of your long-term estateplanning.
Train yourself mentally to understand that and then relay that information to the client. That’s when you become a true professional because you’re solving problems that your clients don’t even know they have.
Assessing Their Financial Situation Your first task should be gathering information about all of your parents’ financial accounts and holdings. Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estateplanning documents (wills, trusts, etc.)
Many times, someone claiming to be from a well-known tech company may tell the individual that there is a problem with their computer or device and offer to fix it for a fee, take out crucial information in the process, and use it against the older adult. can take advantage of a situation and misuse the client’s estate.
AI-powered search engines, including Googles AI Overviews and tools like ChatGPT, now generate responses by pulling information from multiple sources. AI prioritizes information from reputable sources secure media mentions in trusted finance publications and news sites. How Can Financial Advisors Adapt to AI-Powered Search Engines?
Start EstatePlanning Early: It’s an important step in creating a legacy where taking the right approach and creating a specific structure can improve the likelihood of its success. Financial professionals should stress the importance of getting an early start with estateplanning. Spectrem Group.
Bill Keen, Matt Wilson, and I discuss: How Bill’s experiences at big brokerage firms informed his vision for Keen Wealth. Do you have an estateplan? They also discuss how they’ve managed their personal transitions from advisors to leaders as they continue to scale their firm. .
A financial advisor can help you estimate your life expectancy and use this information to design a portfolio that provides sufficient income for your lifetime. A financial advisor can help you with estateplanning and preparing for your legacy goals Life is ever-changing, and estateplanning becomes even more crucial during retirement.
Rushing to file with incomplete or inaccurate information can be an unnecessarily costly process, with a tax extension providing you with the time needed to obtain all the correct documentation. Where can I find reliable tax extension information? It’s more efficient to simply get your taxes done and out of the way.
If you’re working with a CPA for your taxes or have an estateplanning attorney, consider asking them for a recommendation also. But before moving forward with a fiduciary investment advisor, consider looking them up for background information, disciplinary actions, etc.
Money lesson #6: Be careful where you get your investment information from. Money lesson #8: Estateplanning is important, and nobody really wants to do it. The words “estateplanning” excite virtually no one, but it’s one of the best things you can do for yourself and your family.
I could also be fairly sure that Tammy is a licensed insurance agent and that she has access to sophisticated software tools and may or may not engage in financial planning. I would need more information before being able to discern if Tammy is a fiduciary and as such, would be required to act in her client’s best interest. .
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, estateplanning software, social security maximizer software, etc.,
On the personal side, your financial advisor , estateplanning attorney, and CPA/tax advisor should be involved throughout the process. Estateplanning attorney The sale of a business is often a major financial change. Your advisors on the business side are all going to be keying in on the gross numbers, not your net.
That information can be helpful, but it’s not necessary for me to write great copy. Prince Charles probably needs a lot more help with estateplanning, whereas Ozzy Osbourne probably needs help reeling in his spending. What’s somebody’s age? What’s their location?
The potential supplemental estate tax liability for a married couple may be in the $5.6 Attorneys are telling us that 2024 is the time to review and change your estateplan as the lines may be out the door in 2025 for taxpayers wanting to make last minute changes to take advantage of the higher exemption amount.
You can discuss retirement planning, simple investing for beginners, or estateplanning. These topics can attract people looking for useful information. Focus on creating a community and sharing helpful information. Think about topics that meet the money needs of your ideal client.
Estateplanning documents. FEMA locations , to find information and resources specific to your state or city. National Hurricane Center for up-to-date information on tropical storms and hurricanes. For more information on the services offered, contact Katie today. Birth certificates. Debit and credit cards.
Only 26% of Americans have an estateplan. If you’re thinking, “But my clients are high-net-worth…many more have an estateplan.” And you’ll see in our Q&A below, that tax advisors can bring estateplanning into the conversation early on in a client relationship. What do these numbers tell us?
Why Referrals Matter More Than Ever in the Digital Age In today’s online world, people receive a lot of information. Making Data-Driven Decisions to Improve Your Program Use the information you gather to make smart decisions about your referral program. These clients will likely keep using your services for a long time.
Understanding the Role of Content Marketing in Finance Content marketing for financial advisors is all about providing useful information through various content types to your target audience. People who could be your clients will trust advisors who share good information often and know a lot about finance. Who do you want to reach?
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