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Welcome to the 409th episode of the FinancialAdvisor Success Podcast ! Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financialplanning (as well as consulting with over 15,000 clients on student loan debt).
Welcome to the 432nd episode of the FinancialAdvisor Success Podcast! Seth is the founder of Heartwood FinancialPlanning, an advisory firm affiliated with PlanMember Securities Corporation that is based in Fresno, California, and oversees approximately $100 million in assets under management for 850 client households.
Since the emergence of Artificial Intelligence (AI) in the mainstream technological landscape, conversations about which areas of the financialplanning industry would be most likely impacted by AI have proliferated. In fact, AI currently seems most likely to develop into a tool that advisors can use in many parts of practice.
While many people approach their financialplanning with careful strategy, its easy to overlook the same level of intention when it comes to charitable giving. Lets explore several potentially effective financialplanning tools that may help you maximize your impact and meet your philanthropic goals. government.
And with the advent of AI in particular, questions have emerged about whether technology will replace many human jobs, including financialadvisors. Nonetheless, AI Notetakers are not just for solo advisors; instead, they're also increasingly popular amongst larger (e.g.,
Welcome to the 425th episode of the FinancialAdvisor Success Podcast ! Sebastian is the President of Guerra Wealth Advisors, a hybrid advisory firm based in Miami, Florida, with nearly $15M of revenue and almost 60 team members, supporting over 1,700 client households. Welcome everyone!
Health Savings Accounts (HSAs) have become an increasingly popular tool for financialadvisors and their clients due in part to the 'triple tax savings' they offer: tax-deductible contributions, tax-free growth, and non-taxable distributions for qualifying expenses.
Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financialadvisors including topics covering technical planning, practice management, advisor marketing, career development, and more.
Welcome to the 412th episode of the FinancialAdvisor Success Podcast ! Anjali is the Founder of FIT Advisors, an RIA based in Torrance, California (but works virtually with clients nationwide) and oversees $65 million in assets under management for 45 client households. Welcome everyone! Read More.
Financialadvisors often engage with a variety of prospects, each with unique needs and motivations. Some prospects approach an advisor with an immediate 'problem to be solved', such as a fast-approaching retirement date. I help clients in retirement by doing X, Y, and Z.").
Welcome to the 423rd episode of the FinancialAdvisor Success Podcast ! Cristina is the CEO of Mana Financial Life Design, an RIA based in Los Angeles, California (but works virtually with clients nationwide), that oversees approximately $70 million in assets under management for 119 client households. Welcome everyone!
Financialplans play an important role for both clients and advisors, as they not only help clients gain a clear perspective of their current financial position, but also provide advisors with a systematic way to organize their analyses and communicate their recommendations to the client.
The increasing popularity of financialplanning has led to a growing awareness of how important managing finances and planning for the future can be. For most financialadvisors today, a website is a critical tool that allows them to market their services and communicate their fees to potential clients.
Welcome to the 421st episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Daniel Friedman. Daniel is the CEO of WMGNA, a hybrid advisory firm based in Farmington, Connecticut, that oversees approximately $270 million in assets under management for 200 client households. Read More.
Welcome back to the 359th episode of the FinancialAdvisor Success Podcast ! Eric is the Chief FinancialAdvisor and Co-Owner of Econologics FinancialAdvisors, an independent RIA based in Largo, Florida, that generates more than $4M of revenue while working with nearly 300 client households. Read More.
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.
Many financialadvisors take pride in the comprehensive nature of the advice they provide to clients and use the variety of services offered as a point of differentiation between themselves and other types of advisors.
A part of this process might include hiring a financialadvisor or hiring a new financialadvisor if you have decided to move on from your current advisor. Hiring the right advisor for your needs is critical. Here are six questions to ask when choosing a financialadvisor: How do you get paid?
Taxes are a central component of financialplanning. Almost every financialplanning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden.
To sustain firm growth, financialadvisors often face a dilemma: to focus on what originally drew them to the profession – like financialplanning – they often must first do an extensive amount of business development.
Financialadvisors will sometimes talk about ‘bad’ clients who don’t act on the advice being provided. Advice Engagement is a framework that can help advisors address the challenge of motivating clients. by ensuring that clients receive information in a way that is useful for them); education (e.g.,
For financialadvisors, dealing with issues concerning clients’ children, from education costs to legacy goals, is a common part of the planning process. And no matter the reason, clients without children have unique planning needs that are important for advisors to recognize. Read More.
There are many financialadvisors 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.,
Financialadvisors add value for their clients not only by helping them grow their wealth, but also by working with them to create a plan for how to use it. While much of this process may focus on the client's own lifetime planning needs (e.g.,
Welcome back to the 290th episode of the FinancialAdvisor Success Podcast ! 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. Read More.
While some individuals manage their finances independently or utilize automated platforms, the personalized guidance of a financialadvisor 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.
When a financialplanning firm is hiring a new employee, it naturally wants to find the best candidate to fill the role. Posting available positions on industry career centers and job boards (e.g., CFP Board Career Center, FPA Job Board), on general interest sites (e.g.,
In the early days of wealth management, a financialadvisor'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.
After several years of turmoil caused by the pandemic, financialadvisor conferences seem to have found a "new [post-pandemic] normal", with events once again growing (some already surpassing their pre-pandemic highs). As a result, I am often asked for my own suggestions of what, really, are the industry's 'best' conferences to attend.
Welcome back to the 342nd episode of the FinancialAdvisor Success Podcast ! Nancy is the Founder and CEO of Smarter Divorce Solutions, a consulting firm based in Phoenix, Arizona that provides financial expertise to individuals and couples (and sometimes, mediators and attorneys) going through the divorce process.
When it comes to focusing on a niche for financialadvisors, business owner clients can be an appealing target as they can have complex financialplanning problems ranging from cash flow management to tax planning to acquisition strategies.
In particular, financialadvisors who offer ongoing services to clients can focus on 3 key areas that are unique to service-based sales as part of a successful sales strategy.
Welcome back to the 348th episode of the FinancialAdvisor Success Podcast ! Jeff is the Owner and Founder of Cypress FinancialPlanning, an independent RIA based in Haddon Heights, New Jersey, that oversees $275 million in assets under management for 380 client households. My guest on today's podcast is Jeff Jones.
Freelancing is liberating, but without a solid financialplan, it can also be unpredictable. As a freelancer, you juggle not only your craft but also your finances, taxes, and retirement planning. That’s where financialplanning for freelancers comes in. Plan for taxes ahead of time 4.
Welcome to the 389th episode of the FinancialAdvisor Success Podcast ! Mark is the Founder of Timothy Financial Counsel, an RIA based in Wheaton, Illinois, that is on track to generate approximately $5 million in annual revenue this year serving 800 client households. Welcome everyone! My guest on today's podcast is Mark Berg.
30 years ago, when financialplans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financialadvisors began acknowledging and accounting for the variable and uncertain nature of investment returns. Read More.
But small financial missteps today can snowball into bigger problems down the road. Heres how to avoid them (without giving up your weekend plans or your love for good coffee). Why This Is a Problem: Future youwho needs a house, financial security, and maybe even early retirementmight resent past you for not planning ahead.
Welcome back to the 332nd episode of the FinancialAdvisor Success Podcast ! My guest on today's podcast is Liz Hand. Liz is the co-owner of Pleasant Wealth, a hybrid advisory firm based in Canton, Ohio that oversees $146 million in assets under management for 522 client households.
Welcome to the 385th episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Danielle Howard. Danielle is the owner of Wealth By Design, a hybrid advisory firm based in Glenwood Springs, Colorado, that oversees about $35 million in assets under advisement for 35 client households.
We are proud to announce that Tobias FinancialAdvisors has been recognized as one of the Best RIAs (Registered Investment Adviser) to Work For by FinancialPlanning! At Tobias FinancialAdvisors, we foster an environment where employees can thrive both professionally and personally.
Enter bucketing, a powerful strategy that helps simplify your financialplanning by categorizing your assets into three time-based buckets: today, tomorrow, and the future. At its core, bucketing is a strategy to help align your wealth with your financial goals and time horizons. What Is Bucketing?
Mixing the two can lead to confusion, complicate decision-making and obscure the true financial health of your business. Set up separate plans and goals for your business and your personal finances. Have a Comprehensive Budget (and Stick to It) A well-structured budget is a roadmap for your business’s financial health.
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