A Wealth of Common Sense

JANUARY 23, 2025

We also covered questions about offering financial advice to family members, how to lower your auto insurance rates, how many years worth of fixed income you need in your portfolio and how to begin the estate planning process.

Estate Planning 114

Estate Planning Financial Advice Insurance Portfolio 114

Abnormal Returns

SEPTEMBER 9, 2024

citywire.com) Advisers Why adding alternatives may not do much for portfolios. fa-mag.com) How to use the new digital estate planning platforms. kitces.com) How planning changes for the child-free. (citywire.com) A lot can change when you sell your practice. thinkadvisor.com) What kind of advisers are referrable?

Financial Planner 271

Financial Planner Estate Planning CFP Financial Advice 271

Abnormal Returns

JULY 5, 2023

open.spotify.com) Estate planning How to create a digital estate plan in three steps. demystifyingmarkets.com) An investment in your health outweighs any tinkering with your portfolio. (financiallywelloff.com) Peter Mallouk and Jonathan Clements on the key ingredients of a good retirement.

Estate Planning 246

Estate Planning Retirement Planning Numbers 246

Dear Mr. Market

DECEMBER 31, 2024

Review Investment Allocations Markets evolve, and so should your portfolio. Update Estate Plans If you have kids, own a business, or just want to make life easier for loved ones, make sure your will, trusts, and beneficiary designations are up to date. A little planning now avoids big headaches later. Absolutely.

Budgeting 105

Budgeting Financial Planning Estate Planning Planning 105

Nerd's Eye View

NOVEMBER 21, 2022

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.

Financial Planning 244

Financial Planning Planning Estate Planning Clients 244

Abnormal Returns

JULY 31, 2023

(riaintel.com) Creative Planning has inked a custody deal with Goldman Sachs ($GS). investmentnews.com) Portfolio management How to evaluate a client's investment portfolio. investmentnews.com) How family estrangement affects estate planning. riabiz.com) Savvy Wealth is pushing hard on the AI front.

Financial Planner 245

Financial Planner Estate Planning Portfolio Management Retirement 245

Nerd's Eye View

NOVEMBER 29, 2022

What's unique about Anh, though, is how, as a solo advisor, she differentiates her firm by leveraging the combination of a high-touch concierge approach to client service with a unique investment management approach through the use of very carefully chosen structured notes to differentiate her portfolio design from other advisors.

Estate Planning 246

Estate Planning Financial Advisor Financial Services Clients 246

Abnormal Returns

MARCH 20, 2023

riabiz.com) Advisers Santiago Burridge, "You can’t have a relationship with a portfolio or an algorithm." advisorperspectives.com) A shocking number of people don't have a will or estate plan. marknewfield.substack.com) Advisers need to be able to help clients with cash management. thinkadvisor.com)

Estate Planning 245

Estate Planning Retirement Communication Financial Planning 245

Abnormal Returns

MAY 8, 2023

sciencedaily.com) How tax-adjusting a portfolio works in practice. kitces.com) How personality traits affect estate planning decisions. (kitces.com) Advisers Some evidence that couple should maintain joint checking accounts. advisorperspectives.com) Advisers need to recognize that clients have different conversational styles.

Wealth Management 246

Wealth Management Estate Planning Taxes Valuation 246

Abnormal Returns

AUGUST 21, 2023

wsj.com) There is a racial gap in estate planning. (investmentnews.com) A Q&A with Sarah McDaniel of Morgan Stanley's ($MS) Art Resources Team. observer.com) 401(k) millionaires on average have very high savings rates. crr.bc.edu)

Portfolio 130

Portfolio Estate Planning Banking Retirement 130

Abnormal Returns

MAY 29, 2023

(wiredplanning.com) Cameron Passmore and Benjamin Felix talk with David Blanchett about regret optimized portfolios. thereformedbroker.com) 2025 If nothing changes legislation-wise, there will be a run on estate planning going into 2025. rationalreminder.libsyn.com) Austin, TX RWM is coming to Austin, TX!

Wealth Management 242

Wealth Management Financial Advising Estate Planning Banking 242

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.

Financial Advisor 246

Financial Advisor Insurance Coverage Estate Planning Charitable Planning 246

Nerd's Eye View

OCTOBER 7, 2024

Welcome to the October 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 financial advisors!

Clients 246

Clients B2B Estate Planning Planning 246

Nerd's Eye View

JULY 3, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: All-in-one software platform Blueleaf has launched a new “aggregation-as-a-service” solution, promising better client data aggregation capabilities than existing solutions by automating the process of weaving multiple (..)

Estate Planning 246

Estate Planning Clients Media Planning 246

Nerd's Eye View

JUNE 21, 2024

million in assets to both retire and pass on a legacy interest (though many have yet to establish an estate plan), according to a recent survey. Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that affluent Americans believe they need an average of $5.5

Financial Planner 246

Financial Planner Financial Advisor Taxes Math 246

Abnormal Returns

AUGUST 5, 2024

investmentnews.com) On the importance of tax planning in the first few years of retirement. barrons.com) When should you move from a diversified ETF portfolio to direct indexing? papers.ssrn.com) Four steps to create a digital estate plan. (kitces.com) Taxes Following the RMD rules for inherited IRAs may not be optimal.

Retirement Planning 167

Retirement Planning Estate Planning Wealth Advisor Tax Planning 167

Nerd's Eye View

JUNE 7, 2024

Also in industry news this week: Backers announced the new Texas Stock Exchange, which seeks to provide companies with a lower-cost alternative to the NYSE and Nasdaq, which, if successful, could create a more competitive landscape and potentially better execution and reduced trading costs for financial advisors and their clients The American College (..)

Financial Planner 189

Financial Planner Financial Advisor Certification Estate Planning 189

Carson Wealth

JANUARY 8, 2025

One study found that an advisor-managed portfolio could produce an additional 3% value add annually over a self-managed (DIY) portfolio. Holistic Financial Management Beyond investment advice, financial advisors offer comprehensive services such as tax planning, estate planning, and risk management.

Financial Advice 64

Financial Advice Financial Advisor Risk Tolerance Financial Guidance 64

Darrow Wealth Management

MARCH 13, 2025

A diversified portfolio is the cornerstone of a risk-adjusted investment strategy. Diversifying Around It: Balancing the portfolio by investing in assets that offset the concentrated position’s risk. Your concentrated position is a large technology stock, currently occupying 30% of your portfolio.

Management 69

Management Taxes Estate Planning Asset Allocation 69

International College of Financial Planning

OCTOBER 26, 2023

The Imperative of Estate Planning: Not Just for the Affluent Often, there’s a prevailing misconception that estate planning is a luxury reserved for the wealthy elite. Real estate planning is a crucial undertaking that every adult and family should prioritize.

Estate Planning 52

Estate Planning CFP Certification Certified Financial Planner 52

Nerd's Eye View

SEPTEMBER 19, 2022

Eventually, as client relationships grew to be more ongoing and less transactional, financial planning grew to encompass other areas of clients’ financial lives, such as taxes and estate planning.

Financial Planner 245

Financial Planner Certified Financial Planner Financial Planning CFP 245

Abnormal Returns

MAY 22, 2023

citywire.com) Estate planning Can new estate planning platforms put the adviser at the center of the process? advisorperspectives.com) Direct indexing involves two parts: index construction and portfolio management. riabiz.com) Why Bain Capital invested in CI Private Wealth.

Financial Advising 130

Financial Advising Estate Planning Wealth Management Compliance 130

Abnormal Returns

SEPTEMBER 30, 2024

(riabiz.com) Charles Schwab ($SCHW) is mothballing the Institutional Intelligent Portfolios platform. flowfp.com) Don't let the potential for estate law changes be an excuse to not do estate planning. riabiz.com) Taxes How pre-tax retirement contributions provide flexibility down the road.

Financial Advice 130

Financial Advice Fee Only Estate Planning Taxes 130

Abnormal Returns

SEPTEMBER 11, 2023

(kitces.com) Advisers RIAs can no longer ignore cash as a part of a client's overall portfolio. thinkadvisor.com) Remind clients, both current and future, what real life planning looks like. kitces.com) The SECURE Act made Roth IRAs more attractive from a estate planning perspective.

Wealth Management 144

Wealth Management Estate Planning Financial Advice Financial Planning 144

MainStreet Financial Planning

MARCH 7, 2025

Fee-Only, Flat-Fee Financial Planners: Transparent, Unbiased, and Cost-Effective A fee-only financial planner charges a fixed fee for financial planning services, regardless of the size of your portfolio. Unlike AUM-based advisors, they do not earn commissions or take a percentage of your investments.

Fee Only 52

Fee Only Financial Planner Financial Planning Financial Advisor 52

Nerd's Eye View

MARCH 27, 2024

One way financial advisors can add value for retiring clients is to estimate how much they can spend sustainably during their retirement years without depleting their investment portfolio. One method introduced by Jonathan Guyton and William Klinger in 2006 is the "guardrails" framework. Read More.

Retirement 190

Retirement Portfolio Clients Planning 190

Million Dollar Round Table (MDRT)

JULY 21, 2022

Help her focus on immediate needs, pay bills, monitor cash flow and review her investment portfolio. This is the time to do comprehensive financial planning: retirement planning, investment planning, tax planning and estate planning.

Charitable Planning 97

Charitable Planning Estate Planning Retirement Planning Tax Planning 97

WiserAdvisor

AUGUST 31, 2023

They can provide ongoing support so you can continue investing after retirement, monitor market fluctuations, and make necessary adjustments to your retirement portfolio. Your investment risk appetite is lowered, and it is important to readjust your portfolio accordingly.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Zoe Financial

MARCH 21, 2025

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. Estate Planning : Ensuring your wealth is passed on according to your wishes. Optimizing tax-efficient retirement income.

Financial Advisor 40

Financial Advisor Strategic Planning Estate Planning Retirement 40

AdvicePay

JUNE 13, 2024

With the fee-for-service model, you can customize service offerings for clients seeking advice who don’t (yet) have traditional portfolio assets to transfer to your firm’s custodian for full-time management. This approach allows you to engage these clients by charging a fee that’s covered through their monthly cash flow.

Insurance Coverage 87

Insurance Coverage Financial Planning Estate Planning Tax Planning 87

Carson Wealth

DECEMBER 8, 2022

Debt is what you owe to any creditor, and assets include the value of all of your bank, brokerage, investment and crypto accounts, real estate holdings, and high-ticket vehicles like jets, boats and luxury cars. Revisit Your Estate Plan. It’s always a good idea to take a fresh look at your estate plan on an annual basis.

Estate Planning 98

Estate Planning Budgeting Financial Advisor Risk Tolerance 98

Harness Wealth

NOVEMBER 12, 2024

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 Estate Planning The end of the year can also be a practical time to take stock of your long-term estate planning.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Advisor Perspectives

SEPTEMBER 17, 2024

As their assets grow, so do the complexities of their financial portfolios. This includes everything from business ownership and large qualified plans to complex estate planning issues.

Estate Planning 64

Estate Planning Clients Planning Portfolio 64

Integrity Financial Planning

JUNE 27, 2023

Prior to your retirement years, diversifying your investment portfolio can be a good way to grow your wealth. This can include investing in stocks, bonds, real estate, and other assets. [3] It can be a good idea to work with an estate planning professional to develop a solid plan that includes wills, trusts, and other legalities.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Darrow Wealth Management

FEBRUARY 19, 2024

Outright sales Using options strategies Loss harvesting Investment choices in other portfolio holdings Other potential solutions Before diving into these five strategies, let’s first review some special tax situations that could prove highly beneficial for certain investors. But it isn’t always a no-brainer.

Management 110

Management Taxes Portfolio Estate Planning 110

WiserAdvisor

JANUARY 3, 2024

Yet, the path to building a robust investment portfolio for retirement can be an intimidating task. You may ponder where to begin and how to create a portfolio that matches your goals, stands the test of time, and shields you from financial uncertainty. Let’s first understand what these accounts are and how they work.

Retirement 52

Retirement Portfolio Investing Investments 52

Nerd's Eye View

OCTOBER 18, 2022

We also explore how, even though the auditing firm where Louis and his partner were employed was very interested in the prototype they built, they refused to purchase the product, which led Louis to a crossroads that ultimately led him to the decision to leave the firm and start his own financial planning practice, and how, even though Louis and his (..)

Financial Planning 130

Financial Planning Planning Management Investing 130