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.

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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?

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Nerd's Eye View

NOVEMBER 28, 2024

How much to charge for financial advice is rarely a decision made lightly. Still others may choose a hybrid model, combining AUM fees with additional charges for other services like tax planning. Still others may choose a hybrid model, combining AUM fees with additional charges for other services like tax planning.

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Clients Financial Planner Fee Only Financial Planning 246

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.

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Planning Financial Advice Wealth Management Math 264

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).

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CFP Education Ethics Financial Planning 237

Carson Wealth

JANUARY 8, 2025

Knowledge and Personalized Planning Financial advisors can bring a wealth of knowledge from extensive education and experience, helping enable them to craft tailored strategies that align with your unique financial goals. Ready to Work with a Financial Advisor? The post Why Should I Hire a Financial Advisor?

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Financial Advice Financial Advisor Risk Tolerance Financial Guidance 67

Nerd's Eye View

FEBRUARY 7, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that CFP Board CEO Kevin Keller this week announced his plans to retire and step down from his position at the end of April next year.

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Financial Planner CFP Financial Planning Retirement 241

Nerd's Eye View

DECEMBER 27, 2023

In essence, such tools can be used as a 'digital analyst' that can review data and scan for planning opportunities faster than the advisor can, leaving the final decision of whether or not to recommend any specific strategy to the advisor themselves.

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Abnormal Returns

MARCH 31, 2025

(wealthmanagement.com) Custody Dynasty Financial Partners has a custody agreement with Goldman Sachs ($GS). citywire.com) Training A plan to build skills for the first-year associate adviser. citywire.com) Don't underestimate the importance of story telling in the financial advice business.

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Wealth Management Financial Advice Portfolio Management Consulting 147

Wealth Management

SEPTEMBER 13, 2022

It's not news that financial advice will increasingly be grounded in psychology and therapy—but how an advisor builds a business around those client demands is still evolving, according to speakers at the Future Proof wealth festival.

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Nerd's Eye View

MARCH 21, 2023

Brenda is a financial planner with Objective Financial Partners, an advice-only advisory firm based in Ontario, Canada, that works with clients on project-based financial plans, and also offers outsourced paraplanning to other Canadian advisory firms. My guest on today's podcast is Brenda Hiscock.

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Financial Advice Insurance Financial Advisor Financial Planning 246

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.

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Planning Financial Planning Financial Advice Clients 246

Nerd's Eye View

SEPTEMBER 21, 2022

There are many financial advisors who take issue with the financial advice offered by popular personal finance personalities such as Dave Ramsey. Though many potentially valid criticisms of this process tend to concern technical details (e.g.,

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Financial Planning Planning Financial Advice Clients 246

Nerd's Eye View

JUNE 24, 2024

And as independent financial advisors have shifted away from transaction-based roles into more holistic, person-oriented, and advice-centric ones, many marketing campaigns have adopted a 'good guy' (e.g., comprehensive, planning-centric, fee-based advisors) versus 'bad guy' (e.g.,

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Nerd's Eye View

NOVEMBER 29, 2023

The traditional way that most financial planning has been offered was for an advisor to create "The Plan": a comprehensive document outlining a client's financial strategy that was delivered either on a one-time basis or updated annually.

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Abnormal Returns

MAY 13, 2024

riabiz.com) Creative Planning is exploring its custody options. blogs.cfainstitute.org) How life events affect retirement planning. papers.ssrn.com) Advisers There is an tension inherent in the practice of financial advice. papers.ssrn.com) Advisers There is an tension inherent in the practice of financial advice.

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Math Retirement Planning Financial Advice Retirement 287

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.

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Financial Advice Ethics Financial Planning Education 148

MainStreet Financial Planning

FEBRUARY 1, 2024

During recent conversations, I’ve come across several people unfamiliar with the concept of fee-only financial planning, let alone considering it as a feasible choice. To shed light on this, I want to articulate the distinctive approach we use at MainStreet Financial Planning.

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Financial Advice Planning Fee Only Financial Planning 98

Nerd's Eye View

FEBRUARY 28, 2024

Initial outreach to a financial advicer rarely (if ever) results from a prospective client waking up in the middle of the night in a cold sweat because they just figured out that they're in desperate need of a comprehensive financial plan.

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Planning Financial Advice Financial Planning Clients 246

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 (..)

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Financial Planner Clients Financial Advice Numbers 189

Abnormal Returns

SEPTEMBER 30, 2024

Podcasts Michael Kitces talks with Ann Garcia, partner of Independent Progressive Advisors, about planning for mid-work professionals. flowfp.com) Don't let the potential for estate law changes be an excuse to not do estate planning. kitces.com) Dan Haylett talks with George Kinder author of "The Three Domains of Freedom."

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Financial Advice Fee Only Estate Planning Taxes 130

Abnormal Returns

OCTOBER 7, 2024

frazerrice.com) Creative Planning TPG just bought a big stake in Creative Planning. thinkadvisor.com) Creative Planning shows 'institutional investors are placing a premium on integrated wealth management businesses relative to aggregators.' citywire.com) Advisortech AI is coming for the compliance stack.

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Compliance Wealth Management Financial Advice Government 289

Nerd's Eye View

JANUARY 29, 2025

While some RIA owners might be tempted to prioritize moving quickly to the more enjoyable work of providing financial advice, neglecting to thoughtfully draft and update an operating agreement can lead to mismatched expectations, legal risks, and costly disputes.

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Distribution Government Financial Advice Planning 130

Nerd's Eye View

JANUARY 29, 2025

While some RIA owners might be tempted to prioritize moving quickly to the more enjoyable work of providing financial advice, neglecting to thoughtfully draft and update an operating agreement can lead to mismatched expectations, legal risks, and costly disputes.

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Distribution Government Financial Advice Planning 130

Nerd's Eye View

SEPTEMBER 25, 2023

In the mid-20th century, the first phone call for a person who needed guidance on saving or planning for retirement was likely to be to a stockbroker or a mutual fund or insurance salesperson. So, in the late 1960s, a movement began to organize and promote best practices that would establish financial planning as a true profession.

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Nerd's Eye View

MARCH 6, 2025

As such, new firms that start with low fees might make plans to raise fees quickly and, in the meantime, avoid promising clients that the fees will stay the same. And while new clients often come in at higher fees, early clients may still be paying well below the firm's current rates.

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Clients Ethics Financial Advice Budgeting 182

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? This is the best advice I can offer : A. Create a financial plan (then stick to it). Index (mostly).

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Investing Investments Math Media 317

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.

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Estate Planning Financial Advice Insurance Portfolio 119

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.

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Financial Planner Estate Planning CFP Financial Advice 276

Wealth Management

MAY 25, 2023

Signature FD's Tim Maurer describes how he sees the lessons of life planning and qualitative financial advice being tactically implemented in advisor-client relationships.

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Financial Advice Clients Planning 250

Abnormal Returns

FEBRUARY 24, 2025

citywire.com) Your (potential) clients are looking online for financial advice. advisorperspectives.com) Retirement planning models are just uncertainty piled on uncertainty. How to do better for clients. kitces.com) Working with UNHW clients is more complex. crr.bc.edu)

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Wealth Management Retirement Planning Financial Advice Clients 147

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.

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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.

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Clients Financial Advice Financial Planning Planning 240

Abnormal Returns

AUGUST 26, 2024

thinkadvisor.com) M&A Creative Planning is set up to do more, bigger deals going forward. riabiz.com) Going solo Not every financial adviser wants to build a lasting franchise. riabiz.com) State auto-IRA programs seem to drive companies to start their own plans. riabiz.com) How AI could be deployed in financial advice.

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Taxes Financial Advising Financial Advice Planning 263

Abnormal Returns

DECEMBER 11, 2024

podcasts.apple.com) Christine Benz and Jeff Ptak talk with Tom Idzorek and Paul Kaplan about their new book "Lifetime Financial Advice: A Personalized Optimal Multilevel Approach." slate.com) Personal finance Financial planning is all about tradeoffs. barrons.com) Financial stress is real.

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Retirement Financial Advice Taxes Financial Planning 147

Abnormal Returns

FEBRUARY 19, 2024

downtownjoshbrown.com) How indexing has made for a better financial advice industry. morningstar.com) The biz Creative Planning was able to retain some 60% of the United Capital assets. riabiz.com) XY Planning Network is launching a new in-house RIA, XYPN Sapphire. citywire.com) A lot of RIAs are in that in-between stage.

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Clients Estate Planning Wealth Management Financial Advice 279

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.

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