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 144

Financial Advice Math Economy Financial Market 144

Wealth Management

OCTOBER 31, 2024

Q&A with Orion Advisor Solutions Chief Behavioral Officer Dr. Daniel Crosby.

Financial Advice 115

Financial Advice 115

MainStreet Financial Planning

FEBRUARY 1, 2024

Planning for college Taking a gap year Relocating to another state or country Retirement income planning And so much more In embracing the Garrett Planning Network model, clients gain not just financial advice, but a partnership built on trust, transparency, and a commitment to their financial well-being.

Financial Advice 86

Financial Advice Planning Fee Only Financial Planning 86

Advisor Perspectives

SEPTEMBER 11, 2023

The illusion is that people come to financial planners for financial advice.

Financial Advice 64

Financial Advice Financial Planner Clients 64

Wealth Management

MARCH 3, 2023

Financial advice delivered too early—or worse, too late—can have the opposite effect of its intention, says Bento Engine's Philipp Hecker

Financial Advice 102

Financial Advice Engineering 102

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 189

Financial Advice Clients Financial Planning Planning 189

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

Steve Sanduski

MAY 29, 2024

Why financial advice isn’t about complexity, it’s about connectivity. Brian Portnoy’s concept of client-centric advice vs. human-centric advice. Making financial advice a collaborative process. To how many clients can an advisor deliver exceptional service, and Ric Edelman’s solution.

Financial Advice 59

Financial Advice Clients Food Financial Advisor 59

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 141

Financial Advice Economics 141

XY Planning Network

MARCH 13, 2023

MIN READ “ Make Financial Advicers better, and more successful! He has a unique knack for continuously learning, compiling his knowledge, and sharing it with everyone so that financial advising is more accessible for all. In short, Michael has a unique, education-centric approach to financial advice.

Financial Advice 74

Financial Advice Financial Advisor Financial Advising Education 74

Sara Grillo

MARCH 8, 2024

Is AI taking over financial advice? Join Sara Grillo & Eric Negron today for the Truth Bomb as they break down how artificial intelligence is likely to impact the future of financial advising. The post Is AI taking over financial advice? Is AI taking over financial advice? Not so fast! ?

Financial Advice 52

Financial Advice Financial Advising Risk Tolerance Clients 52

Advisor Perspectives

NOVEMBER 22, 2022

Even though you are an advisor, you’re not in the financial advice business. You’re in the problem-solving business.

Financial Advice 59

Financial Advice 59

Conneqtor

FEBRUARY 16, 2022

How do you go about improving financial advice? As financial advisors, we are trained, mind you, in a traditional methodology that doesn’t speak to reason. You don’t have to ask for personal information on your first call with your client.

Financial Advice 52

Financial Advice Financial Advisor Clients 52

Nerd's Eye View

NOVEMBER 18, 2024

The possibilities at the intersection of AI and financial advice are exciting – faster processes, better connections, less time on ‘busy work’ – but also come with uncertainty about the future of the field. What might the field of financial advice even look like in 10 years?

Financial Advice 235

Financial Advice Clients Portfolio Marketing 235

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 118

Financial Advice 118

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 111

Financial Advice 111

Advisor Perspectives

MAY 2, 2024

Advisors can already pick from dozens of tech products that use generative AI to automate aspects of their work. How long will it be until we see an end-to-end generative AI platform that does everything a human advisor can do, just as well as they can - if not better?

Financial Advice 91

Financial Advice 91

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 113

Financial Advice Retail 113

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 222

Distribution Financial Advice Clients Financial Advisor 222

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 122

Financial Advice Clients 122

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 91

Financial Advice 91

Advisor Perspectives

OCTOBER 9, 2024

We hear it all the time: If you want to drive organic growth, create content online. Watch the short 4-minute video above to learn my 3-step process.

Financial Advice 52

Financial Advice Clients 52

Nerd's Eye View

OCTOBER 23, 2024

While the financial advice industry has transformed in many ways over the past several decades, one aspect that has remained relatively constant is the use of the Assets Under Management (AUM) fee model as a common way for many advisors to get paid.

Clients 246

Clients Financial Advice Financial Planning Financial Advisor 246

Abnormal Returns

OCTOBER 7, 2024

advisorservices.schwab.com) Advisers More people say they are willing to pay for financial advice. (riabiz.com) The Schwab Independent Advisor Outlook Study 2024 on the importance of technology decisions. citywire.com) How to help clients understand the state of Social Security. kitces.com) How to choose a name for your practice.

Compliance 287

Compliance Wealth Management Financial Advice Government 287

Abnormal Returns

SEPTEMBER 30, 2024

axios.com) Earlier on Abnormal Returns Adviser links: AI-assisted financial advice. abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? (awfulannouncing.com) Economy Is election uncertainty holding back the economy? ft.com) Immigration is making it harder to gauge the labor economy.

Financial Advising 263

Financial Advising Financial Advice Economy Media 263

Abnormal Returns

DECEMBER 4, 2023

standarddeviationspod.com) Brendan Frazier on getting clients to actually implement your advice. podcasts.apple.com) The biz Software is eating financial advice. thereformedbroker.com) How financial advisers can publish their own book. riabiz.com) Demand for financial advice is only increasing.

Wealth Management 256

Wealth Management Financial Advice Financial Advising Communication 256

Wealth Management

FEBRUARY 13, 2023

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

Financial Advice 99

Financial Advice Investing Investments 99

Abnormal Returns

SEPTEMBER 9, 2024

youtube.com) Brendan Frazier talks with Michael Kitces about mastering the human side of financial advice. (kitces.com) Dave Zoller talks with Brian Portnoy about the essential skills of the best advisers. podcasts.apple.com) Daniel Crosby talks with Emily Blue, co-founder of Hue Partners, about the M&A process.

Financial Planner 274

Financial Planner Estate Planning CFP Financial Advice 274

Abnormal Returns

MAY 13, 2024

papers.ssrn.com) Advisers There is an tension inherent in the practice of financial advice. investmentecosystem.com) Reflections on eight years of running a financial planning practice. (investmentnews.com) Research The problematic math of passing down generational wealth.

Math 285

Math Retirement Planning Financial Advice Retirement 285

Abnormal Returns

DECEMBER 31, 2023

morningstar.com) Six lessons learned from 20 years in the business of financial advice. (blakebmillard.substack.com) 10 questions for 204 including 'What happens to all the cash on the sidelines?' awealthofcommonsense.com) Putting an estimate on long term equity market returns.

Financial Advice 295

Financial Advice Investing Investments Marketing 295

Advisor Perspectives

FEBRUARY 9, 2024

TikTok stands accused of poisoning the minds of Gen Z, making them hate America and giving them a distorted view of history. Without getting into all that, I will say this: TikTok is not the worst place to learn about personal finance.

Financial Advice 52

Financial Advice 52

Abnormal Returns

SEPTEMBER 18, 2023

Podcasts Daniel Crosby talks with Michael Kitces about automation and the future of financial advice. kitces.com) Brendan Frazier talks with Samantha Lamas and Danielle Labotka about why clients hire and fire their financial advisers. smokestack.beehiiv.com) The first rule of financial advice is 'do no harm.'

Planning 263

Planning Financial Advice Wealth Management Math 263

Advisor Perspectives

JUNE 15, 2023

That includes financial advising. Artificial intelligence tools have demonstrated the capability to shake up nearly any industry.

Financial Advice 98

Financial Advice Financial Advising 98

Abnormal Returns

AUGUST 26, 2024

riabiz.com) How AI could be deployed in financial advice. (kitces.com) The pleasures of going from investment FOMO to JOMO. advisorperspectives.com) What does it mean to be a robo-advisor anymore? riaintel.com) Why Ryan Eisenman co-founded alternative asset data provider Arch. citywire.com)

Taxes 262

Taxes Financial Advising Financial Advice Assets 262

Advisor Perspectives

JULY 12, 2023

It will be increasingly important to consider the best ways to connect with and support Gen Z as they make some of their biggest financial decisions.

Financial Advice 52

Financial Advice 52

The Reformed Broker

FEBRUARY 26, 2023

He’s in his early twenties and knows less than nothing about stocks, bonds, mutual funds, investing, the economy, financial advice or anything else germane to the profession. Act I Our hero Josh Brown spends a decade working at a succession of third-tier brokerage firms on Long Island and in New York City.

Financial Advice 294

Financial Advice Economy Investing Investments 294

Advisor Perspectives

APRIL 24, 2023

How can advisors ensure that clients will keep their assets with you?

Financial Advice 52

Financial Advice Assets Clients 52