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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.
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.").
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.
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?
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.
In this environment, financialadvisors have the opportunity to add value for their clients not only by giving a clear explanation about the current status of Social Security and the potential legislative changes that could improve its solvency, but also by modeling what (realistic) changes would mean for their clients' financialplans.
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.
There are many financialadvisors who take issue with the financial advice offered by popular personal finance personalities such as Dave Ramsey. the ideal size for an emergency fund, how much income should really be saved for retirement, etc.),
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.
(morningstar.com) Dan Haylett talking Paul Armson about lifestyle financialplanning. open.spotify.com) Retirement A lot of things can upend a successful retirement. humbledollar.com) Managing withdrawals in retirement is a real challenge. humbledollar.com) Managing withdrawals in retirement is a real challenge.
One of the best tax deductions for a small business owner is funding a retirementplan. Beyond any tax deduction you are saving for your own retirement. You deserve a comfortable retirement. If you don’t plan for your own retirement who will? You need to start a retirementplan today.
Financialadvisors have a wide range of strategies at their disposal to create financialplans for their clients. This strategy is valuable because it generally allows for higher initial withdrawal rates than more static approaches that don’t accommodate clients willing to adjust their spending in retirement.
(ritholtz.com) Benjamin Felix and Cameron Passmore on when its time to hire a financialadvisor. rationalreminder.libsyn.com) Dan Haylett talks with Suzi Campi about repurposing one's life in retirement. humansvsretirement.com) Thomas Kopelman and Jacob Turner talk about the mindset shift needed in retirement.
When starting to search for a financialadvisor, investors may not realize the different types of advisors out thereand theyre not all trying to sell you something. If youre looking for a fee-only financialadvisor or wealth manager, its probably because you know fee-only advisors don’t sell products.
Though in practice, while a 1% AUM fee is a common 'starting point' in the industry, the actual fee structure can vary based on the firm's approach; for example, some firms may reduce the fee for high-net-worth clients, or charge an additional fee for separate and additional services (from deeper financialplanning to add-ons like tax preparation).
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 retirementplanning. That’s where financialplanning for freelancers comes in. Plan for taxes ahead of time 4.
When it comes to managing your wealth and pursuing your financial goals, clarity can be key. Enter bucketing, a powerful strategy that helps simplify your financialplanning by categorizing your assets into three time-based buckets: today, tomorrow, and the future. What Is Bucketing? Ready to start your bucketing journey?
The idea of living off dividends in retirement sounds nice, but investors often don’t realize how much money they’ll need invested to generate enough income from dividends to cover lifestyle expenses. You may need more money than you think to retire on dividends. Retire on dividends?
Welcome to the 356th episode of the FinancialAdvisor Success Podcast ! Sarah-Catherine is the founder of Aptus Financial, a fee-only financialplanning firm based in Little Rock, Arkansas, that is approaching $2M in revenue and works with over 480 client households. Welcome everyone! Read More.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.
For many financialadvisors, financialplanning advice traditionally focuses on optimization: tax-efficient, continually rebalanced portfolios are often designed to maximize a client's wealth throughout retirement. Then, by assessing the bottom-line impact of reaching their goal on their financialplan (e.g.,
Consulting a tax advisor or attorney can help develop strategies for minimizing tax liability and staying compliant. Plan for Your Retirement As a small business owner, it’s essential to plan for your retirement independently since you may not have the benefit of employer-sponsored retirementplans.
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. Read More.
Also in industry news this week: While the number of RIA M&A deals has not surged in 2024, the average size of deals has increased, demonstrating interest from (often private-equity-backed) firms in pursuing larger targets Off-channel communication tops the list of concerns amongst RIA compliance professionals, with advertising and marketing coming (..)
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.
What Do FinancialAdvisors Do? Published: March 21st, 2025 Reading Time: 6 minutes Written by: The Zoe Team Managing wealth involves more than just investingit requires careful planning, strategic decision-making, and a long-term vision. What Does a FinancialAdvisor Do? Optimizing tax-efficient retirement income.
Is my Social Security subject to taxes once I reach my full retirement age? Your full retirement age (FRA) is a key number for many aspects of Social Security. Related to this, if you are working into retirement your wages or self-employment income are subject to FICA and Medicare taxes regardless of your age.
Key Highlights Find good ways to get new clients as a financialadvisor. Explore several ways to get financialadvisor leads. Get advice from experts about good tools and methods for lead generation in financial services. It will help you connect with potential clients looking for financial help.
By understanding their financial concerns, online habits, and how they like to communicate, you can improve your marketing. FinancialAdvisor Marketing to Millennials Millennials are people born from 1981 to 1996. Still, these challenges also create new chances for financialadvisors. Avoid hard financial terms.
Also in industry news this week: Large asset managers offering hybrid digital-human advice services are eating into the market share of purely human advisors, signaling that a smaller firm's ability to offer a differentiated value proposition could be a key to success in the coming years A recent study indicates that tech-forward advisory firms not (..)
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.
Prospective clients often approach a financialadvisor because they have a problem. Perhaps they are approaching retirement and do not know whether their current path is financially sustainable, or maybe they have a complicated equity compensation problem to sort through.
[link] [link] [link] New FinancialAdvisor Prospecting When You Attend Networking Functions Keep Your Business Cards In Your Car When attending networking functions, it’s crucial to always have your business cards handy. Key Highlights Find new ways to get better at being a financialadvisor.
Welcome to the 391st episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Christopher Jones. Chris is the founder of Sparrow Wealth Management, an RIA based in Orlando, Florida, that oversees approximately $110 million in assets under management for 68 client households. Read More.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a CFP Board ad campaign promoting a career in financialplanning to high school and college students sparked an uproar in the planning community, as some advisors questioned whether the messages being sent in the ads – (..)
Welcome back to the 297th episode of the FinancialAdvisor Success Podcast ! Andy is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households. My guest on today's podcast is Andy Panko. Read More.
Also in industry news this week: While the FPA is going full steam ahead on its federal and state lobbying efforts to regulate the title “financial planner”, CFP Board is more focused on increasing recognition of the CFP marks. How firms can best leverage their internal data to improve the number of client referrals they receive.
Key Highlights A strong marketing plan is key for financialadvisors. This guide offers helpful tips to create a good advertising plan in the financial services area. Introduction In today’s world, having a strong online presence is really important for financialadvisors. What do they share?
And given the opaque nature of many private investments, financialadvisors could play an important role in helping their clients assess whether these opportunities make sense for their portfolio and broader financialplan.
Welcome back to the 292nd episode of the FinancialAdvisor Success Podcast ! Matthew is the Founder and CIO of Lansing Street Advisors, an independent RIA based in Ambler, Pennsylvania that oversees $160 million in assets under management for 60 client households. My guest on today's podcast is Matthew Topley. Read More.
At some point we are bound to see a stock market correction of some magnitude, hopefully not on the order of the 2008-09 financial crisis. As someone saving for retirement , what should you do now? During the financial crisis there were many stories about how our 401(k) accounts had become “201(k)s.” FinancialPlanning is vital.
Seminar Marketing for FinancialAdvisors Guide to Seminar Marketing for FinancialAdvisors: Generate Endless High-Quality Leads Theres a reason some of the most successful and fast-growing financialadvisor businesses spend a great deal of their marketing efforts promoting and hosting seminars.
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