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.

Investments 112

Investments Investing Financial Advice Portfolio 112

Abnormal Returns

SEPTEMBER 30, 2024

(citywire.com) Advisortech The financial giants have no incentive to give third parties access to customer data. riabiz.com) Charles Schwab ($SCHW) is mothballing the Institutional Intelligent Portfolios platform. riabiz.com) Kitces' FinTech Solutions Map just keeps growing. kitces.com) Tax strategies if the TCJA expires in 2026.

Financial Advice 130

Financial Advice Fee Only Estate Planning Taxes 130

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 119

Estate Planning Financial Advice Insurance Portfolio 119

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. So too does the impact of the infamous daily latte.

Clients 246

Clients Financial Advice Financial Planning Financial Advisor 246

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 147

Financial Advice Ethics Financial Planning Education 147

Abnormal Returns

SEPTEMBER 9, 2024

youtube.com) Brendan Frazier talks with Michael Kitces about mastering the human side of financial advice. citywire.com) Advisers Why adding alternatives may not do much for portfolios. (kitces.com) Dave Zoller talks with Brian Portnoy about the essential skills of the best advisers.

Financial Planner 276

Financial Planner Estate Planning CFP Financial Advice 276

Nerd's Eye View

JANUARY 20, 2023

Also in industry news this week: While the number of RIA M&A deals increased in 2022, the size of these deals declined, perhaps reflecting challenging market and economic headwinds A recent survey suggests that nearly half of financial advisory clients have changed advisors or have considered doing so since the start of the pandemic and that portfolio (..)

Financial Planner 246

Financial Planner Financial Advice Fee Only Financial Planning 246

Abnormal Returns

JULY 19, 2023

humbledollar.com) Investing Why you should think global when it comes to your equity portfolio. awealthofcommonsense.com) On the power of a high savings rate, keeping costs low, and maintaining a basic portfolio. humbledollar.com) Advice Provide people with financial advice when and where they need it.

Financial Counseling 49

Financial Counseling Retirement Financial Advice Portfolio 49

Nerd's Eye View

APRIL 10, 2024

Financial advicers are intimately familiar with the phrase, "Past results are not indicative of future performance." However, as investors learned in 2022, when the S&P 500 and 20-year Treasury Bonds fell 18.1%

Asset Allocation 246

Asset Allocation Wealth Accumulation Assets Portfolio 246

Nerd's Eye View

AUGUST 2, 2024

Further, the court indicated that its ultimate decision is likely to favor groups opposing the regulation, which could lead to an appeal by the DoL and leave advisors waiting (potentially much longer) for a final answer on what will be required of them going forward.

Financial Planner 246

Financial Planner Financial Advice Investment Planning Planning 246

Nerd's Eye View

AUGUST 2, 2024

Further, the court indicated that its ultimate decision is likely to favor groups opposing the regulation, which could lead to an appeal by the DoL and leave advisors waiting (potentially much longer) for a final answer on what will be required of them going forward.

Financial Planner 243

Financial Planner Financial Advice Investment Planning Planning 243

The Big Picture

SEPTEMBER 21, 2022

Spoiler: It wasn’t luck that gave Morgan Stanley Investment Management, Carmignac, Baird, and Invesco some of the top equity portfolios. Don’t Take Financial Advice From Kanye West : Nothing fails quite like success.

Financial Advice 289

Financial Advice Engineering Economy Management 289

Nerd's Eye View

FEBRUARY 23, 2024

Also in industry news this week: A recent study has found that advisors who gain additional credentials tend to see a boost both in their confidence and in their business metrics, with the CFP certification standing out in terms of value The implications for RIAs of a proposed Treasury Department rule that would subject many firms to certain anti-money-laundering (..)

Financial Planner 246

Financial Planner Certification CFP Financial Advice 246

Nerd's Eye View

FEBRUARY 6, 2023

And be certain to read to the end, where we have provided an update to our popular “Financial AdvisorTech Solutions Map” (and also added the changes to our AdvisorTech Directory) as well!

B2B 246

B2B Financial Advice Clients Planning 246

Nerd's Eye View

DECEMBER 8, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a new study from research firm Cerulli has found that investors' willingness to pay for financial advice has risen over the last 15 years, with more investors reporting using a financial advisor (and a decreasing share considering (..)

Financial Planner 246

Financial Planner Numbers Clients Assets 246

Nerd's Eye View

JUNE 12, 2024

Otherwise, if the advisor doesn't account for the client's stated risk tolerance when making the recommendation (or doesn't bother to assess their risk tolerance to begin with), and the portfolio declines with the client incurring losses as a result, the advisor could be required by a jury or arbitrator to pay back the client for those losses.

Fiduciary Duty 245

Fiduciary Duty Risk Tolerance Investments Investing 245

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

Abnormal Returns

OCTOBER 1, 2024

ft.com) Americans have upped their portfolio risk from pre-pandemic levels. abnormalreturns.com) Adviser links: AI-assisted financial advice. abnormalreturns.com) Are you a financial adviser looking for some out-of-the-box thinking? (sherwood.news) No matter how you slice it, the stock market has done pretty well.

Financial Advising 162

Financial Advising Financial Advice Economy Media 162

A Wealth of Common Sense

APRIL 4, 2024

Nick Maggiulli joined me again on the show this week to discuss questions relating to giving financial advice to family members, the rent vs. buy decision, how hard it is to become a millionaire and how to diversify your portfolio as you age.

Risk Management 106

Risk Management Management Financial Advice Marketing 106

Nerd's Eye View

SEPTEMBER 12, 2023

Jason is the CEO of Altruist, a relatively new RIA custodian that has quickly grown to serve more than 3,500 advisory firms across the country, making it the 4th-largest independent RIA custodian by firm count.

Financial Advisor 246

Financial Advisor Investing Investments Financial Advice 246

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. thomaskopelman.com) How social proof works in client acquisition.

Wealth Management 147

Wealth Management Estate Planning Financial Advice Financial Planning 147

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. kaleidocreative.com) Do clients really want personalized portfolios?

Financial Advice 130

Financial Advice Financial Planning Retirement Portfolio 130

Abnormal Returns

JUNE 12, 2023

etftrends.com) Robo-advice Why the SEC is scrutinizing robo advice. citywire.com) Wealthfront has launched Automated Bond Portfolio. wealthmanagement.com) People seem to view all forms of financial information on par with each other. James Choi author of “Popular Personal Financial Advice Versus the Professors.”

Wealth Management 130

Wealth Management Financial Advice Financial Planning Planning 130

Nerd's Eye View

APRIL 23, 2024

What's unique about Tyson, though, is how he has developed a planning process he calls their "Total Relationship" approach, which puts an emphasis on determining a client's near-term lump sum spending needs like a new car purchase or a big vacation, and ensuring the portfolio is built around having sufficient cash available for those goals, which Tyson (..)

Clients 130

Clients Financial Advisor Wealth Advisor Financial Advice 130

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 52

Financial Planning Planning Asset Allocation Financial Advice 52

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

Fee Only 52

Fee Only Financial Planner Financial Planning Financial Advisor 52

Abnormal Returns

MAY 22, 2023

thereformedbroker.com) AI How financial advisers can leverage ChatGPT. kitces.com) How will AIs that dispense financial advice be regulated? riaintel.com) CI Wealth The stock market did not react well to CI Financial's financial engineering. Come meet the team in Austin on June 12-14th.

Financial Advising 130

Financial Advising Estate Planning Wealth Management Compliance 130

Midstream Marketing

OCTOBER 30, 2024

Key Highlights The financial advice world is changing. They need to put in more effort to attract prospective clients looking for financial advice. Understanding the Marketing Landscape for RIAs The world of financial advice is changing fast. This helps them draw in new clients who need financial advice.

Investment Advisor 52

Investment Advisor Investments Investing Ethics 52

Carson Wealth

MARCH 31, 2025

The truth is that theres no single right path to financial success. Lets look at three common pieces of financial advice that you may want to think twice about, depending on your personal financial goals. Ultimately, it comes down to your comfort level and financial priorities.

Financial Advice 52

Financial Advice Retirement Consulting Investments 52

The Chicago Financial Planner

NOVEMBER 8, 2021

This might have been their own doing or the result of poor financial advice. This is the time to review your portfolio allocation and rebalance if needed. Manage your portfolio with an eye towards downside risk. Manage your portfolio with and eye towards downside risk. NEW SERVICE – Financial Coaching.

Retirement 130

Retirement Marketing Marketing Financial Planner 130

WiserAdvisor

JANUARY 3, 2024

There is a vast pool of financial advice about how you can reach this goal. But the one thing that remains constant in this advice is that investing is essential to secure a comfortable retirement. Yet, the path to building a robust investment portfolio for retirement can be an intimidating task.

Retirement 52

Retirement Portfolio Investments Investing 52

James Hendries

JULY 13, 2022

When times are turbulent, the surest path toward progress remains sound financial advice from dedicated professionals who have logged many hours in similar conditions. Please reach out to your trusted financial advisor with any questions. Click here to view the digital version.

Investment Advisor 98

Investment Advisor Banking License Insurance 98

WiserAdvisor

JULY 22, 2022

Some investors may require the services of multiple advisors as they have extensive investment portfolios comprising real estate, art, collectibles, global businesses, etc. No matter what decision you take, you must first understand the benefits and drawbacks of hiring a single financial advisor and those of engaging multiple professionals.

Financial Advisor 105

Financial Advisor Portfolio Budgeting Commission 105

Sara Grillo

APRIL 19, 2024

But before we get into it… Look, there are alot of schmucks out there hawking crap products disguised as financial advice. I’m not a lawyer – so please don’t interpret anything I say here as legal advice. Do your own diligence when you are seeking financial advice. Don’t be fooled!

Financial Advisor 97

Financial Advisor Financial Advice Accounting Clients 97

Indigo Marketing Agency

MARCH 19, 2025

Instead of a headline like Optimize Your Wealth Portfolio for Maximum Returns, try something easier to comprehend like: Grow Your Retirement Savings Faster. Example: Instead of: Financial freedom is just a strategy awayfind out how to make your money work for you. Book a free call and get a custom financial strategy.)

Financial Advisor 52

Financial Advisor Advertising Marketing Marketing 52

Sara Grillo

APRIL 11, 2022

We’re going to talk about how he provides high value as an hourly financial advisor by saving investors from the “Humpty Dumpty portfolio” and the lessons other advisors can learn about serving clients with simplicity, transparency, and integrity, whether they choose to adopt the hourly fee model or not.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Integrity Financial Planning

JUNE 7, 2023

3] Diversification of Your IRA Portfolio Another strategy for managing your IRA is to diversify your investments. Fees are sometimes essential to recieving high-quality financial advice, but high fees can also eat away at your returns over time. This helps to reduce risk and increase potential returns. [4]

Risk Tolerance 85

Risk Tolerance Investments Investing Retirement 85