Nerd's Eye View

MARCH 10, 2025

Financial advicers often market their comprehensive financial services as a way to differentiate themselves from other advisory firms and to stand out in the broader landscape of financial advice.

Clients 246

Clients Financial Advice Retirement Planning Financial Services 246

Nerd's Eye View

JANUARY 9, 2025

While financial advisors offer valuable services for their clients, it can sometimes be challenging to gauge how much clients actually value those services. On one hand, a client's willingness to pay an ongoing fee for financial advice suggests that they find the advisor's services worthwhile.

Financial Advice 228

Financial Advice Asset Allocation Clients Wealth Management 228

Wealth Management

NOVEMBER 3, 2023

This is a pivotal moment in this ever-changing landscape, requiring advisors to weigh the benefits against the drawbacks and make informed decisions about their future path.

Financial Advice 297

Financial Advice 297

Wealth Management

MAY 2, 2023

What would former baseball star Alex Rodriguez do with $100,000? “I I would keep it in T-bills right now.”

Financial Advice 239

Financial Advice 239

Wealth Management

JUNE 16, 2023

Proactive engagement reflects a commitment to comprehensive financial wellness, creating a meaningful and long-lasting impact on clients’ lives.

Financial Advice 306

Financial Advice Clients 306

Wealth Management

JULY 25, 2024

The research survey also found that this audience said it was more likely to follow advice from a human than computer-generated recommendations.

Financial Advice 279

Financial Advice 279

Nerd's Eye View

JANUARY 20, 2025

offer a high signal-to-noise ratio and are tailored to the needs of those who are a part of (or hope to join) the financial advicer community (i.e., those who are in the business of selling their financial advice as opposed to financial products).

Financial Advisor 246

Financial Advisor Financial Advice Financial Planner Estate Planning 246

Wealth Management

FEBRUARY 13, 2023

After all, 300 years of investing advice has basically given the same guidance.

Financial Advice 253

Financial Advice Investing Investments 253

Nerd's Eye View

DECEMBER 17, 2024

So, whether you're interested in learning about transitioning from a broker-dealer to a 'supported independence' model, how to choose among available corporate RIA platforms, or how a firm can generate prospect leads by being vocal about its values, then we hope you enjoy this episode of the Financial Advisor Success podcast, with Fran Toler.

Compliance 245

Compliance Financial Advisor Financial Advice Clients 245

Nerd's Eye View

DECEMBER 27, 2023

Financial advisors 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.

Financial Advice 246

Financial Advice Communication Compliance Clients 246

Nerd's Eye View

FEBRUARY 14, 2025

Which suggests firms that can meet clients' evolving needs as they advance up the wealth spectrum (e.g.,

Financial Planner 207

Financial Planner Financial Advice Estate Planning Clients 207

Nerd's Eye View

NOVEMBER 29, 2024

Which could prove to be a boon for the financial advice industry as more consumers are willing to entrust their assets to an advisor (while at the same time possibly making it tougher for some advisors to differentiate themselves primarily by how they put their clients' interests first?).

Financial Planner 246

Financial Planner Financial Advice Retirement Financial Advisor 246

Carson Wealth

JANUARY 8, 2025

If you’re considering professional financial guidance, can be essential to choose an advisor who aligns with your values and understands your unique financial situation. Contact us today to learn more about our unique approach to financial advice. The post Why Should I Hire a Financial Advisor?

Financial Advice 61

Financial Advice Financial Advisor Risk Tolerance Financial Guidance 61

Nerd's Eye View

NOVEMBER 28, 2024

How much to charge for financial advice is rarely a decision made lightly. A firm's pricing strategy often reflects both the local market (or niche-related) norms – such as the nearly-ubiquitous 1%. Others may align with broader industry trends, like transitioning to fee-only structures to buffer against market volatility.

Clients 246

Clients Financial Planner Fee Only Financial Planning 246

A Wealth of Common Sense

JUNE 20, 2023

You also need a deep understanding of financial market history from booms to. To be a successful investor you need to possess a number of different traits. You need to understand how math, statistics and probabilities work. You need to understand corporations and the global economy generally function over the long haul.

Financial Advice 145

Financial Advice Math Economy Financial Market 145

Nerd's Eye View

FEBRUARY 10, 2025

To earn the CFP marks, candidates must fulfill four key requirements: Education (holding a bachelor's degree and completing the required coursework through a CFP Board registered program), Exam (passing the 170-question CFP exam), Experience (gaining hands-on experience providing financial advice to the public), and Ethics (acting as a fiduciary).

CFP 237

CFP Education Ethics Financial Planning 237

Nerd's Eye View

DECEMBER 11, 2024

In this guest post, Justin Fitzpatrick, co-founder and CIO at Income Lab, explores how well CMAs reflect the realities clients will face, the influence these assumptions have on client advice, and how advisors can balance planning assumptions against the risks of long-term inaccuracies.

Retirement Planning 245

Retirement Planning Retirement Planning Marketing 245

A Wealth of Common Sense

OCTOBER 14, 2022

The point of the paper was to show how typical personal finance advice differs from academic economic models. A new research paper from an economist at Yale did a deep dive into 50 of the most popular personal finance books of all-time.

Financial Advice 144

Financial Advice Economics 144

Abnormal Returns

SEPTEMBER 30, 2024

Podcasts Michael Kitces talks with Ann Garcia, partner of Independent Progressive Advisors, about planning for mid-work professionals. kitces.com) Dan Haylett talks with George Kinder author of "The Three Domains of Freedom." humansvsretirement.com) Bogumil Baranowski talks with Dan Solin, author of "Ask: How to Relate to Anyone."

Financial Advice 130

Financial Advice Fee Only Estate Planning Taxes 130

Nerd's Eye View

NOVEMBER 14, 2024

As the financial advice industry began shifting from a sales-based model to a more sustainable asset management approach, advisors found their roles shifting along with it.

Financial Advice 246

Financial Advice Communication Sales Assets 246

Nerd's Eye View

JUNE 24, 2024

The requirements to run a successful, growing advisory firm are often less about doing the technical work with clients and more about marketing value to get prospects in the door in the first place.

Financial Advice 190

Financial Advice Clients Financial Planning Planning 190

Nerd's Eye View

NOVEMBER 27, 2023

One of the main goals of financial advisors who market themselves is to build a foundation of trust with their prospective clients so that they feel comfortable in discussing often-sensitive financial topics and ultimately acting on the advisor's recommendations.

Distribution 246

Distribution Financial Advice Clients Financial Advisor 246

Abnormal Returns

DECEMBER 25, 2024

wsj.com) Personal finance You need to put on your own (financial) oxygen mask first. nytimes.com) Be careful who you trust for financial advice. (wsj.com) Americans are swapping bank deposits for money market funds. ofdollarsanddata.com) The world is constantly changing. Why you can't let that throw you.

Financial Advice 147

Financial Advice Retirement Taxes Insurance 147

Alpha Architect

JANUARY 2, 2024

This article seeks to examine what research says about the interplay between risk tolerance, financial literacy, and trust and their collective impact on the pursuit of financial advice by Black and Hispanic households. Do racial barriers prevent Black and Hispanic households from pursuing financial advice?

Financial Advice 110

Financial Advice Risk Tolerance Financial Planning Government 110

Wealth Management

JULY 22, 2024

While many in the financial advice business have for years focused on retail clients, some firms are finding that pensions and foundations can pay off in a major way.

Financial Advice 286

Financial Advice Retail Clients 286

Wealth Management

FEBRUARY 23, 2024

Cambridge's Nick Graham details the opportunities AI creates when it comes to financial advice.

Financial Advice 303

Financial Advice 303

Nerd's Eye View

MARCH 6, 2025

The advisor may emphasize how the firm has grown, compare the client's fees with the current market rate for financial advice, and help them understand the value of the service they're receiving. Acknowledging the past promise and explaining why the fee needs to change with honesty and transparency can go a long way.

Clients 182

Clients Ethics Financial Advice Budgeting 182

A Wealth of Common Sense

SEPTEMBER 21, 2022

Kanye West went on CNBC last week to discuss why he terminated his contract with the Gap: We’re only getting one side of the story here so it’s difficult to tell exactly what caused the rift here but Kanye is sure there is only one person who could have fixed the struggling retailer. ” He was referring to himself, of course.

Financial Advice 133

Financial Advice Retail 133

Nerd's Eye View

FEBRUARY 7, 2025

During his nearly two-decade tenure, Keller oversaw a near-doubling of the number of CFP professionals, the establishment of a new 501(c)(6) professional organization to promote the benefits of financial advice and planning careers, and updates to the CFP Board's investigation and disciplinary processes, among many other changes.

Financial Planner 241

Financial Planner CFP Financial Planning Retirement 241

Nerd's Eye View

SEPTEMBER 26, 2022

Accordingly, advisor licensing could mean establishing a requirement involving a professional designation like the CFP certification for those who provide financial advice.

Financial Advice 130

Financial Advice Financial Planner License Financial Advisor 130

Wealth Management

DECEMBER 5, 2023

Reps with UBS' Athletes and Entertainers Group will provide “holistic” financial advice to prepare athletes for their post-NFL careers. Other firms with the designation include Goldman Sachs and Morgan Stanley.

Financial Advisor 290

Financial Advisor Financial Advice 290

Wealth Management

MAY 17, 2023

Peter Stanton, CEO of Advisor Credit Exchange, explains.

Financial Advice 147

Financial Advice 147

Nerd's Eye View

JANUARY 13, 2025

Which is surprising to some, given that a decade ago, the emergence of so-called "robo-advisors" was supposed to displace human financial advisors and compress advisory fees. In reality, though, the robos struggled to gain traction, and the human financial advice business just continues to grow.

Financial Advice 146

Financial Advice Ethics Financial Planning Education 146

Wealth Management

DECEMBER 6, 2022

One technology exec argues that the human elements of financial advice will never be digitized; another says most of the job will eventually be fully automated.

Financial Advice 278

Financial Advice 278

The Big Picture

MARCH 18, 2025

Media Madness : Do we really need 24/7 financial advice for our investments we wont draw on for decades? when the best course for our long-term financial health is to do nothing? Why are we constantly prodded to take action now!

Investing 317

Investing Investments Math Media 317

Nerd's Eye View

JANUARY 10, 2025

Also in industry news this week: A survey indicates that nearly 71% of new financial advisors drop out in the first 5 years, with firms offering better training and mentorship opportunities (as well as entry-level positions that don't come with business development targets) seeing higher employee retention rates How broker-dealer self-regulatory organization (..)

Financial Planner 189

Financial Planner Clients Financial Advice Numbers 189

A Wealth of Common Sense

DECEMBER 12, 2024

We also covered questions about how AI will impact the financial advice landscape, timing the next market correction, factoring an inheritance into the house-buying process and using long-dated options in a portfolio.

Investing 112

Investing Investments Financial Advice Portfolio 112