Financial Advice, Financial Planning and Management

Adviser links: in times like these

Abnormal Returns

APRIL 7, 2025

Podcasts Michael Kitces talks with Nick Rodkin, managing partner of Stoic Financial, about working with client couples. kitces.com) Matt Zeigler talks with Danika Waddell, founder of Xena Financial Planning. epsilontheory.com) Aging How financial literacy declines with age. alphaarchitect.com)

Fiduciary Duty

Fiduciary Duty Financial Advice Financial Planning Clients

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.

Financial Advice

Financial Advice Financial Advisor Risk Tolerance Financial Guidance

Rebuilding The Kitces Members Section And The State Of The (Nerd’s Eye View) Blog

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

Financial Advice Ethics Financial Planning Education

Webinars

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

MORE WEBINARS

Financial Planning Mistakes You’re Probably Making (And What to Do Instead)

International College of Financial Planning

MARCH 12, 2025

Unlike their predecessors, they are tech-savvy, investment-curious, and financially independent-inded. But they also have a mild addiction to online shopping, an over-reliance on BNPL schemes, and a tendency to take financial advice from influencers who may or may not know what theyre talking about.

Financial Planning

Financial Planning Planning Asset Allocation Financial Advice

Adviser links: limited progress

Abnormal Returns

JANUARY 15, 2024

Podcasts Michael Kitces talks about starting over with Kimberly Enders who is the Lead Financial Planner and Managing Partner of Enders Wealth Management. riabiz.com) Why women are still struggling to make progress in the world of financial advice. riabiz.com) Avise is a cooperative platform for advisers.

Financial Planner

Financial Planner Wealth Management Retirement Planning Financial Advising

Quantifying (More Accurately) The Real Impact Of A Financial Advisor’s Costs On Their Clients’ Nest Eggs

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

Clients Financial Advice Financial Planning Financial Advisor

Personal finance links: a shared home

Abnormal Returns

MARCH 13, 2024

(morningstar.com) Dan Haylett talking Paul Armson about lifestyle financial planning. humbledollar.com) Managing withdrawals in retirement is a real challenge. (mr-stingy.com) morningstar.com) Should financial advice be gentle or authoritarian? tonyisola.com) The best financial advisor for you may not be local.

Financial Advice

Financial Advice Retirement Financial Advisor Financial Planning

Adviser links: demonstrating confidence

Abnormal Returns

OCTOBER 30, 2023

(podcasts.apple.com) Michael Kitces talks with Sarah-Catherine Gutierrez, founder of Aptus Financial, about operating as a flat-fee advice-only firm. kitces.com) AI How recommendation engines could work in wealth management. riaintel.com) How AI will play a role in the provision of financial advice. fa-mag.com)

Wealth Management

Wealth Management Retirement Planning Financial Advising Financial Advice

Promoting The Financial Advice Industry ‘Sport’ Positively To Build Trust In The Client ‘Fan Base’

Nerd's Eye View

JUNE 24, 2024

While focusing on promoting the industry more positively may be a helpful (and much-needed) shift, individual advisors and firms can also work collectively to sell financial planning by promoting the value of their firms as a whole and not just by showcasing the talent of individual advisors.

Financial Advice

Financial Advice Clients Financial Planning Planning

Adviser links: objectives and aspirations

Abnormal Returns

MAY 13, 2024

(blogs.cfainstitute.org) How life events affect retirement planning. 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. kitces.com) How one advisory firm uses Salesforce.

Math

Math Retirement Planning Financial Advice Retirement

Adviser links: exciting plans

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. citywire.com) Creative Planning is getting creative to retain former United Capital advisers.

Planning

Planning Financial Advice Wealth Management Math

Accelerating Growth By Marketing How Your Advisory Firm Is Different (Instead Of Better)

Nerd's Eye View

OCTOBER 16, 2023

Consumers have a wide range of options when it comes to choosing a provider of financial advice, from larger wirehouses and asset managers to smaller Registered Investment Advisers (RIAs).

Financial Planning

Financial Planning Marketing Marketing Financial Advice

Weekend Reading For Financial Planners (Jan 21-22)

Nerd's Eye View

JANUARY 20, 2023

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

AUGUST 15, 2022

By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. Pro bono financial planning refers to free, no-strings-attached financial advice and planning for underserved people.

Clients

Clients Financial Advice Financial Planning Planning

Kitces & Carl Ep 100: Is Advisor Technology Really About Making Planning Faster… Or Better?

Nerd's Eye View

DECEMBER 1, 2022

As financial planning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency. However, as advisor technology continues to evolve, many tools have focused on helping advisors scale their financial advice to accommodate growing businesses.

Planning

Planning Financial Planning Financial Advice Clients

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.

Financial Planner

Financial Planner Estate Planning CFP Financial Advice

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

AUGUST 15, 2022

By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. Pro bono financial planning refers to free, no-strings-attached financial advice and planning for underserved people.

Clients

Clients Financial Advice Financial Planning Planning

Weekend Reading For Financial Planners (October 28-29)

Nerd's Eye View

OCTOBER 27, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the shift in financial advice from pure investment management to comprehensive financial planning continues, with more individuals becoming CFP professionals than CFAs in the past few years as consumers increasing the diversity (..)

Financial Planner

Financial Planner Financial Advice Financial Advisor Tax Planning

#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.

Financial Planning

Financial Planning Planning Retirement Planning Financial Advisor

Weekend Reading For Financial Planners (September 7–September 8)

Nerd's Eye View

SEPTEMBER 6, 2024

Notably, while the rule will create an additional compliance burden, the due diligence advisers offering comprehensive planning services (as well as their investment custodians) are likely already conducting on their clients to create an effective financial plan could be a 'defense mechanism' for these firms against criminals looking to take advantage (..)

Financial Planner

Financial Planner Tax Planning Compliance Financial Advice

Announcing More Webinars And IAR CE In 2024 And The State Of The (Nerd’s Eye View) Blog

Nerd's Eye View

DECEMBER 11, 2023

For most financial advisors, 2023 was a year of rebound and reinvestment, as markets bounced back from the turbulence of 2022, and expanded profit margins allowed advisory firms room to reinvest back into the services and value they're providing clients to make sure their retention stays strong in the future.

Financial Advisor

Financial Advisor Financial Advice Ethics Financial Planning

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.

Financial Advisor

Financial Advisor Insurance Coverage Estate Planning Charitable Planning

#FA Success Ep 290: Serving Neurodivergent Clients As A Financial Advisor With Autism, With Andrew Komarow

Nerd's Eye View

JULY 19, 2022

Andrew is the founder of Tenpath Financial Group and Planning Across the Spectrum, a hybrid firm based in Farmington, Connecticut that oversees $100 million in assets under management for 100 client households.

Financial Advisor

Financial Advisor Clients Financial Planning Insurance

Offering Tax Preparation As A Solo Advisor: How To Attain Designations And Create A Schedule By Next Tax Season

Nerd's Eye View

MAY 8, 2023

Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. Besides the fact that many financial advisors don’t hold the necessary credentials (e.g., by tailoring client data-gathering worksheets to focus on the information that is relevant to a client’s tax situation).

Taxes

Taxes Financial Planning Financial Advisor Clients

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. Here are some key considerations when financial planning for a divorce. Here’s a checklist of post-divorce financial planning moves.

Financial Planning

Financial Planning Planning Estate Planning Assets

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

Financial Planning Education Estate Planning CFP

Kitces & Carl Ep 123: Does Every Prospective Client Fit A Niche, Or Do Advisor Specializations Leave More Underserved?

Nerd's Eye View

OCTOBER 19, 2023

Much of the marketing and practice management advice in the financial advisory space comes back to 1 recommendation: Specialize in a niche. tech employees who need help managing equity compensation options), stage of life (e.g., Most commonly, niches present as particular needs of a firm's clients. Read More.

Clients

Clients Financial Advisor Financial Advice Financial Services

#FASuccess Ep 405: When Being ‘Youthful’ Turns From A Liability To An Asset In Building Your (Long-Term) Advisory Business, With Gaetano Sacco

Nerd's Eye View

OCTOBER 1, 2024

Gaetano is a partner and senior financial advisor at Fountainhead Advisors, an RIA based in Warren, New Jersey, that oversees approximately $900 million in assets under management for 1,000 client households.

Assets

Assets Financial Advisor Insurance Clients

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). Instead, they provide objective, conflict-free financial advice at a predictable cost.

Fee Only

Fee Only Financial Planner Financial Planning Financial Advisor

How Getting Women Into Financial Planning Can Benefit Everyone

Walkner Condon Financial Advisors

JUNE 2, 2023

The importance of getting women into financial planning feels like it should go without saying. Unfortunately, we’re not quite there yet as a society, since as of 2022, the Bureau of Labor Statistics reports only a third of financial advisors are women. In 2022, nearly 42% of the externships participants were women.

Financial Planning

Financial Planning Planning CFP Financial Advisor

Financial Advisor Marketing to Millennials: Reach Success

Midstream Marketing

OCTOBER 29, 2024

Key Highlights Millennials can benefit a lot from getting financial advice. You should change your marketing approach to meet the specific financial needs and interests of millennials. Listen to their concerns and adjust your financial advice to align with their goals. Right now, few of them use advisors regularly.

Financial Advisor

Financial Advisor Financial Advice Marketing Marketing

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Nerd's Eye View

AUGUST 24, 2022

In his latest article for the Nerd’s Eye View blog, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, laid out the statutory requirements for RIA advisory agreements and what to include in the agreement when describing the RIA’s services and fees.

Electronics

Electronics Clients Retirement Planning Financial Advice

Adviser links: forced distributions

Abnormal Returns

JANUARY 2, 2023

Podcasts Michael Kitces talks with Carl Richards about building a career in financial advice. kitces.com) Jamie Hopkins & Ana Trujillo Limón talk with Dave Yeske, CFP, founder and Managing Director of YeskeBuie about the role of emotions in financial planning.

Distribution

Distribution Financial Advice CFP Financial Planning

#FASuccess Ep 392: Crafting Your Specialization When There Is No Standard Playbook To Learn It, With Kristopher Heck

Nerd's Eye View

JULY 2, 2024

Welcome to the 392nd episode of the Financial Advisor Success Podcast ! Kristopher is a Founding Partner of Tanager Wealth Management, an RIA based in London, England, that oversees approximately $1.1 billion in assets under management (AUM) for 630 client households. My guest on today's podcast is Kristopher Heck.

Financial Advisor

Financial Advisor Clients Planning Wealth Management

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Nerd's Eye View

AUGUST 24, 2022

In his latest article for the Nerd’s Eye View blog, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, laid out the statutory requirements for RIA advisory agreements and what to include in the agreement when describing the RIA’s services and fees.

Electronics

Electronics Clients Retirement Planning Financial Advice

Adviser links: different words

Abnormal Returns

NOVEMBER 28, 2022

Podcasts Christine Benz and Jeff Ptak talk the evolution of financial advice with Preston Cherry founder and President of Concurrent Financial Planning. morningstar.com) Douglas Blake, Managing Director of Investment Services at Kingswood U.S., wsj.com) Why Ritholtz Wealth Management hired a new President.

Wealth Management

Wealth Management Startup Medical Financial Advice

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.

Financial Planning

Financial Planning Clients Planning Education

Adviser links: slow to change

Abnormal Returns

SEPTEMBER 11, 2023

Podcasts Cameron Passmore and Benjamin Felix talk with Preet Banerjee about the value of financial advice. kitces.com) Christine Benz and Jeff Ptak talk with Cynthia Haddad, an expert on financial planning for people with disabilities and their families.

Wealth Management

Wealth Management Estate Planning Financial Advice Financial Planning

Adviser links: behavioral coaching

Abnormal Returns

MARCH 6, 2023

(citywire.com) FutureAdvisor has transferred all its clients to Ritholtz Wealth Management. investmentnews.com) The latest in adviser fintech news including a look at how ChatGPT will affect the provision of financial advice. fa-mag.com) Vanguard is closing its UK financial planning unit.

Compliance

Compliance Wealth Management CFP Financial Advice

Incorporating the Financial Planning Hierarchy of Needs to Achieve Holistic Financial Planning

eMoney Advisor

DECEMBER 27, 2022

As client expectations continue to evolve, there is an opportunity for financial planners to broaden and deepen their service offerings by providing holistic financial planning. One way to assess this is to look at the value of financial advice as it stacks up to basic human needs.

Financial Planning

Financial Planning Planning Clients Wealth Management

Mothers and Money: How Three Generations of Women Approach Financial Planning

Ballast Advisors

MAY 8, 2023

Financial planning is a vital aspect of life. Often, the financial lessons and advice passed down from generation to generation shape an individual’s approach to finances. In this blog, we’ll dive deep into some lessons they’ve learned and the role that financial planning plays in supporting their goals.

Financial Planning

Financial Planning Planning Financial Planner Retirement

Adviser links: a diversity of goals

Abnormal Returns

OCTOBER 23, 2023

(wealthmanagement.com) Creative Planning A profile of Peter Mallouk, CEO of Creative Planning. riabiz.com) AI Is AI an existential threat to the business of financial advice? advisorperspectives.com) Vanilla is rolling out more AI tools for estate planning. riabiz.com) The upside of pro bono financial planning.

Compliance

Compliance Estate Planning Financial Advice Financial Advisor

Cultural Humility in Financial Planning

eMoney Advisor

NOVEMBER 9, 2022

Cultural humility can help create a safe space for clients to share their most important financial information, which is a critical part of the financial planning process. The most notable shift to be aware of is the departure from the conventional financial service model and the journey to holistic planning.

Financial Planning

Financial Planning Planning Certified Financial Planner Financial Planner

Adviser links: sharing your expertise

Abnormal Returns

JUNE 5, 2023

Podcasts Peter Lazaroff talks with Michael Kitces about the evolution of financial advice. peterlazaroff.com) Daniel Crosby talks with Brendan Frazier about his list of the 10 guiding principles of financial psychology. institutionalinvestor.com) Practice management Mistakes advisers make when hiring next generation advisers.

Financial Advice

Financial Advice Financial Planning Retirement Portfolio

Adviser links: in times like these

Why Should I Hire a Financial Advisor? 5 Benefits of Financial Advice

Webinars

Trending Sources

Rebuilding The Kitces Members Section And The State Of The (Nerd’s Eye View) Blog

Webinars

Financial Planning Mistakes You’re Probably Making (And What to Do Instead)

Adviser links: limited progress

Quantifying (More Accurately) The Real Impact Of A Financial Advisor’s Costs On Their Clients’ Nest Eggs

Personal finance links: a shared home

Adviser links: demonstrating confidence

Promoting The Financial Advice Industry ‘Sport’ Positively To Build Trust In The Client ‘Fan Base’

Adviser links: objectives and aspirations

Adviser links: exciting plans

Accelerating Growth By Marketing How Your Advisory Firm Is Different (Instead Of Better)

Weekend Reading For Financial Planners (Jan 21-22)

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Kitces & Carl Ep 100: Is Advisor Technology Really About Making Planning Faster… Or Better?

Adviser links: staffing a growing firm

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Weekend Reading For Financial Planners (October 28-29)

#FASuccess Ep 401: One-On-One Advice Through Financial Wellness Programs To (Profitably) Expand The Reach Of Financial Planning, With Zack Hubbard

Weekend Reading For Financial Planners (September 7–September 8)

Announcing More Webinars And IAR CE In 2024 And The State Of The (Nerd’s Eye View) Blog

What High-Net-Worth Prospects (Really) Want From A Financial Advisor

#FA Success Ep 290: Serving Neurodivergent Clients As A Financial Advisor With Autism, With Andrew Komarow

Offering Tax Preparation As A Solo Advisor: How To Attain Designations And Create A Schedule By Next Tax Season

Financial Planning for a Divorce

Announcing IAR CE From Kitces And The Mid-Year State Of The Blog

Kitces & Carl Ep 123: Does Every Prospective Client Fit A Niche, Or Do Advisor Specializations Leave More Underserved?

#FASuccess Ep 405: When Being ‘Youthful’ Turns From A Liability To An Asset In Building Your (Long-Term) Advisory Business, With Gaetano Sacco

How a Fee-Only, Flat-Fee Financial Planner Can Save You $114K+

How Getting Women Into Financial Planning Can Benefit Everyone

Financial Advisor Marketing to Millennials: Reach Success

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Adviser links: forced distributions

#FASuccess Ep 392: Crafting Your Specialization When There Is No Standard Playbook To Learn It, With Kristopher Heck

Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Adviser links: different words

Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently

Adviser links: slow to change

Adviser links: behavioral coaching

Incorporating the Financial Planning Hierarchy of Needs to Achieve Holistic Financial Planning

Mothers and Money: How Three Generations of Women Approach Financial Planning

Adviser links: a diversity of goals

Cultural Humility in Financial Planning

Adviser links: sharing your expertise

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