Nerd's Eye View

OCTOBER 23, 2023

Many financial advisors 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.

Financial Planning 246

Financial Planning Planning Clients Financial Planner 246

Nerd's Eye View

SEPTEMBER 25, 2023

So, in the late 1960s, a movement began to organize and promote best practices that would establish financial planning as a true profession. As a result, in 1973, a group of 35 planners became the inaugural recipients of the CFP marks. Read More.

CFP 246

CFP Financial Planning Planning Certification 246

Nerd's Eye View

APRIL 24, 2023

But by focusing on advice engagement strategies and encouraging clients to become more engaged in the planning process, advisors can help clients become more motivated to take action, which will ultimately serve to improve their planning outcomes. Read More.

Financial Planning 242

Financial Planning Clients Planning Education 242

Nerd's Eye View

SEPTEMBER 21, 2022

In other words, instead of focusing on a complex, customized plan based on a person's unique circumstances that might make for an ideal financial plan on paper, the Baby Steps are geared toward laying out a clear and inviting path for action – which might be more attractive (and effective) from a non-expert's perspective.

Financial Planning 246

Financial Planning Planning Financial Advice Clients 246

Nerd's Eye View

NOVEMBER 14, 2023

What's unique about Eric, though, is how he leverages a custom-built financial planning assessment he calls their Financial Prosperity Index, which he gives to both prospective and ongoing current clients so that they can better understand their financial health, target the financial planning domains where clients need the most help, and even more (..)

Financial Planning 232

Financial Planning Clients Planning Financial Advisor 232

Carson Wealth

DECEMBER 20, 2024

While many people approach their financial planning with careful strategy, its easy to overlook the same level of intention when it comes to charitable giving. Lets explore several potentially effective financial planning tools that may help you maximize your impact and meet your philanthropic goals.

Financial Planning 116

Financial Planning Planning Estate Planning Taxes 116

Nerd's Eye View

NOVEMBER 25, 2024

Over the past decade, a growing number of advisors have expanded into offering comprehensive financial planning services, reflecting a shift that not only helps them stand out from (increasingly commoditized) portfolio management offerings but also supports clients' broader financial goals.

Financial Planning 156

Financial Planning Sales Planning Retirement 156

Nerd's Eye View

SEPTEMBER 13, 2023

Ultimately, the key point is that selling products and selling services are 2 very different processes, and encouraging prospects to "think it over", while perhaps an effective product-sales tactic, is a less effective way to close a service-based financial planning relationship.

Financial Planning 246

Financial Planning Sales Planning Financial Advisor 246

Carson Wealth

JULY 3, 2024

Many times, financial professional have connections to attorneys and CPA firms to get their clients the service and help they need. A financial advisor can offer strategic advice on investments, retirement planning, and risk management while quarterbacking your business and personal financial plans.

Financial Planning 142

Financial Planning Planning Retirement Planning Tax Planning 142

Wealth Management

OCTOBER 28, 2024

Based on the results of the FPA Financial Planning Challenge, these eight colleges unlock the most value for students training to be financial planners.

Financial Planning 119

Financial Planning Financial Planner Planning 119

Nerd's Eye View

MAY 14, 2024

Read More.

Clients 244

Clients Financial Planning Financial Advisor Planning 244

Abnormal Returns

MARCH 4, 2024

(institutionalinvestor.com) Advisers Meghaan Lurtz, "When it comes to connecting emotions to goals, reflection questions can be an excellent way to help prospects identify the particular emotions that motivate them the most, which will ultimately help them stick to their financial plan."

Recruitment 279

Recruitment Estate Planning Financial Planning Retirement 279

Nerd's Eye View

SEPTEMBER 3, 2024

Welcome to the 401st episode of the Financial Advisor Success Podcast ! Welcome everyone! My guest on today's podcast is Zack Hubbard.

Financial Planning 130

Financial Planning Planning Retirement Planning Financial Advisor 130

Abnormal Returns

JANUARY 10, 2024

slate.com) Financial plans Your financial plan should start with your goals. thefinancialbodyguard.com) Why financial goals need to have a why behind them. peterlazaroff.com) Why financial plans eventually become obsolete.

Investments 268

Investments Investing Financial Planning Retirement 268

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.

Planning 243

Planning Financial Planning Clients Communication 243

Abnormal Returns

MAY 6, 2024

Podcasts Brendan Frazier talks with Emily Koochel about the difference between behavioral finance and financial psychology. wiredplanning.com) Steve Chen talks with Jordan Hutchison, Vice President of Technology for RFG Advisory, about the evolving landscape of financial planning. kitces.com) What is financial planning?

Estate Planning 260

Estate Planning Valuation Financial Planning Planning 260

Abnormal Returns

FEBRUARY 4, 2024

humbledollar.com) Are you doing these seven things that represent 'real financial planning'? (downtownjoshbrown.com) Should you invest in stocks when they are at all-time highs? ofdollarsanddata.com) Why the vast majority of investors should avoid alternatives. blairbellecurve.com) Why investors are pulling money from TIPS ETFs.

Financial Planning 299

Financial Planning Accounting Portfolio Assets 299

Abnormal Returns

JANUARY 29, 2024

kitces.com) Daniel Crosby talks with Jon Dauphiné of the Foundation for Financial Planning about the value of pro bono planning. theirrelevantinvestor.com) Planning Are you doing these seven things that represent 'real financial planning'?

Financial Advising 263

Financial Advising Financial Planning Risk Management Clients 263

Nerd's Eye View

JANUARY 16, 2024

Welcome back to the 368th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Thomas Kopelman.

Media 240

Media Financial Advisor Financial Planning Planning 240

Abnormal Returns

JULY 10, 2023

mebfaber.com) Ashby Daniels talks with Hannah Moore about "doing" financial planning. wiredplanning.com) Laurence Kotklikoff talks with David Blanchett about problems with conventional financial planning tools. Podcasts Meb Faber talks with Blake Street is a Founding Partner and CIO of Warren Street Wealth Advisors.

Compliance 244

Compliance Recruitment Financial Planning Wealth Advisor 244

Nerd's Eye View

OCTOBER 29, 2024

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 financial planning (as well as consulting with over 15,000 clients on student loan debt).

Consulting 217

Consulting Clients Financial Planning Compensation Planning 217

Nerd's Eye View

SEPTEMBER 20, 2023

30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns.

Financial Planning 244

Financial Planning Risk Tolerance Retirement Planning Planning 244

Nerd's Eye View

JUNE 28, 2023

One of the key steps in the financial planning process is presenting the plan to the client, which has traditionally been done as part of a single 'plan presentation' meeting that takes place once the advisor has gathered and analyzed all of the client's data.

Planning 246

Planning Clients Financial Planning Education 246

Nerd's Eye View

SEPTEMBER 20, 2023

30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns.

Retirement 242

Retirement Planning Financial Planning Risk Tolerance 242

Nerd's Eye View

OCTOBER 16, 2023

Which led many firms to market all the ways they were 'better' than other sources of financial advice by highlighting their status as fiduciaries, fee-only advisors, or by offering (more) comprehensive financial planning services beyond investment management, as just a few examples.

Financial Planning 244

Financial Planning Marketing Marketing Financial Advice 244

Abnormal Returns

MARCH 22, 2023

humbledollar.com) Financial planning Financial plans need to be turned into concrete action items. thomaskopelman.com) Good financial planning makes divorce less painful. (humbledollar.com) Stranded retirement accounts are a big problem. evidenceinvestor.com) Cars Car buying is not yet back to normal.

Financial Planning 244

Financial Planning Retirement Media Planning 244

Nerd's Eye View

MARCH 20, 2024

Monte Carlo simulations have become a central method of conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. However, the results of these simulations generally don't account for potential adjustments that could be made along the way (e.g.,

Communication 244

Communication Clients Risk Tolerance Financial Planning 244

Nerd's Eye View

AUGUST 29, 2023

Jeff is the Owner and Founder of Cypress Financial Planning, 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.

Planning 228

Planning Clients Financial Planning Financial Advisor 228

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 287

Math Retirement Planning Financial Advice Retirement 287

Nerd's Eye View

OCTOBER 23, 2024

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 financial planning to add-ons like tax preparation).

Clients 246

Clients Financial Advice Financial Planning Financial Advisor 246

Abnormal Returns

AUGUST 19, 2024

Podcast Jim Dahle talks with Michael Kitces talk about the state of the financial planning business. whitecoatinvestor.com) Daniel Crosby talks with Charles Eckhart, co-founder of Cathexis Group, about family wealth dynamics. riabiz.com) Vanilla raised another round of capital.

Financial Planning 277

Financial Planning Insurance Planning Numbers 277

Nerd's Eye View

AUGUST 15, 2023

Welcome back to the 346th episode of the Financial Advisor Success Podcast ! Jim is the founder of MainStreet Financial Planning, an hourly, fee-only financial planning firm, and also created Procrastination Junction, a coaching program for fee-only financial advisors looking to improve their sales skills.

Fee Only 246

Fee Only Clients Financial Planning Financial Advisor 246

Nerd's Eye View

JUNE 14, 2023

One common sales tactic for financial advisors is to offer prospective clients a free (or low-cost) financial plan to demonstrate the advisor’s expertise and to let the prospect ‘test drive’ the advisor’s services.

Financial Planning 243

Financial Planning Planning Clients Financial Advisor 243

Abnormal Returns

MARCH 13, 2024

Podcasts Christine Benz and Amy Arnott talk with Anne Lester author of "Your Best Financial Life: Save Smart Now for the Future You Want." morningstar.com) Dan Haylett talking Paul Armson about lifestyle financial planning. fs.blog) Khe Hy talks with Noah Kagan about building a side hustle without losing your mind.

Financial Advice 305

Financial Advice Retirement Financial Advisor Financial Planning 305

Abnormal Returns

JANUARY 30, 2023

standarddeviationspod.com) Michael Kitces talks Jennifer Climo, the CEO and a Senior Advisor for Milestone Financial Planning, about the logistics of merging two practices in just 7 years. papers.ssrn.com) There's no downside for aging parents to communicating about your financial plans. bloomberg.com)

Management 241

Management Nonprofit Financial Planning Communication 241

Nerd's Eye View

JUNE 6, 2023

Welcome back to the 336th episode of the Financial Advisor Success Podcast ! Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financial planning tool that helps financial advisors create a visual representation of their clients’ financial situation, reaching over 1.25

Assets 243

Assets Financial Advisor Financial Planning Insurance 243

Nerd's Eye View

JANUARY 8, 2024

For instance, the financial advice industry has seen many changes to regulations (for both advisors and their clients), advisor business models, and the advisor technology landscape. In the context of the financial planning industry, whereas Financial Advice 1.0 Specifically, Financial Advice 3.0

Financial Advice 225

Financial Advice Medicine Financial Planning Estate Planning 225