Wealth Management

NOVEMBER 15, 2024

With nearly 40% of advisors set to retire in the next decade, the future of financial planning lies in the hands of passionate newcomers. Discover why these young professionals are eager to transform the industry.

Financial Planning 76

Financial Planning Planning Retirement 76

Nerd's Eye View

JULY 27, 2022

Financial planning is both an art and a science. While an advisor needs technical financial planning knowledge to create and implement plans for clients, soft skills that involve effective communication and relationship building are also crucial to both relate to prospects and clients and to understand their needs.

Financial Planning 235

Financial Planning Planning Clients Retirement 235

Nerd's Eye View

DECEMBER 21, 2022

Monte Carlo simulations have become the dominant method for conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. Read More.

Financial Planning 246

Financial Planning Planning Retirement Portfolio 246

Nerd's Eye View

NOVEMBER 5, 2024

What's unique about Emily, though, is how her firm ensures every client can be served profitably through a combination of a complexity-based minimum fee arrangement, coupled with a structured data gathering, plan delivery, and client communication processes that encourage client accountability and follow-through on action items recommended by their (..)

Financial Planning 130

Financial Planning Accounting Clients Planning 130

Nerd's Eye View

MAY 22, 2023

Traditionally, financial planning internship programs have offered students who are aspiring financial planners a way to prepare for entering the workforce by gaining real-world experience in advisory firm settings (as well as a way to get their foot in the door with prospective employers).

Financial Planning 226

Financial Planning Planning Financial Planner Certification 226

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.

CFP 241

CFP Financial Planning Planning Certification 241

Nerd's Eye View

NOVEMBER 21, 2022

A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client. Read More.

Financial Planning 198

Financial Planning Planning Estate Planning Clients 198

Wealth Management

SEPTEMBER 16, 2024

Moneytree’s financial planning tool features a new architecture, workflows and account aggregation capabilities.

Financial Planning 119

Financial Planning Planning Accounting 119

Carson Wealth

JULY 3, 2024

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.

Financial Planning 139

Financial Planning Planning Retirement Planning Tax Planning 139

Nerd's Eye View

FEBRUARY 23, 2023

The increasing popularity of financial planning has led to a growing awareness of how important managing finances and planning for the future can be. For most financial advisors today, a website is a critical tool that allows them to market their services and communicate their fees to potential clients.

Financial Planning 196

Financial Planning Planning Financial Planner Financial Advisor 196

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 229

Financial Planning Clients Planning Education 229

Nerd's Eye View

SEPTEMBER 3, 2024

Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors, an RIA based in Towson, Maryland, that manages $2 billion of private wealth assets under management for 1,300 client households and advises on an additional $5 billion in retirement plan assets.

Financial Planning 130

Financial Planning Planning Retirement Planning Financial Advisor 130

Million Dollar Round Table (MDRT)

OCTOBER 8, 2024

Too many financial advisors have become simply wealth managers, not realizing that insurance is the foundation of a financial plan. It’s crucial we make sure that this foundation is strong enough to support clients financially, no matter what happens. Banks, FPFS Worldwide, we face a dreadful undercoverage of insurance.

Financial Planning 89

Financial Planning Insurance Planning Wealth Management 89

Carson Wealth

APRIL 25, 2024

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being.

Financial Planning 93

Financial Planning Planning Retirement Insurance Coverage 93

Don Connelly & Associates

SEPTEMBER 2, 2024

In today's saturated market, financial advisors must offer holistic financial planning for several reasons: It's a sure way to differentiate themselves from those who only offer investment management. It can build deeper, more trusting relationships with clients, and it leads to better financial outcomes for clients.

Financial Planning 52

Financial Planning Financial Advisor Planning Communication 52

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 211

Financial Planning Clients Planning Financial Advisor 211

Leading Advisor

OCTOBER 30, 2024

What is the “Shame of Selling” and how does it affect your financial planning business? What are the signs you might be experiencing it, and… The post Is Shame of Selling Hurting Your Financial Planning Business? appeared first on Leading Advisor - Simon Reilly.

Financial Planning 52

Financial Planning Planning Financial Advisor 52

Financial Symmetry

JANUARY 2, 2023

Do you have a mapped-out plan for your future? Financial Planning could be the answer. The post The Importance of Financial Planning appeared first on Financial Symmetry, Inc. Do you know the best steps to take to achieve your goals?

Financial Planning 98

Financial Planning Planning Financial Advisor Retirement 98

Advisor Perspectives

DECEMBER 6, 2023

If Mike Tyson were speaking to a group of investors, what he may have been saying is that everyone has a financial plan until life throws a “punch.”

Financial Planning 119

Financial Planning Planning 119

XY Planning Network

JULY 8, 2024

The rise of new tools, such as the Elements Financial Vitals System and AssetMap, aims to move from complex, comprehensive projections to more digestible summaries that facilitate great client conversations. So, which planning software should you use? Let's take a look!

Financial Planning 93

Financial Planning Planning Financial Advice Clients 93

Advisor Perspectives

MAY 25, 2023

That includes investing and, especially, other aspects of financial planning. AI’s arrival will have an increasingly large impact on our lives.

Financial Planning 97

Financial Planning Planning Investing Investments 97

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 245

Financial Planning Planning Financial Advice Clients 245

Nerd's Eye View

AUGUST 3, 2022

For financial advisors, 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.

Financial Planning 237

Financial Planning Planning Insurance Clients 237

Wealth Management

FEBRUARY 8, 2024

Test your skills against those of student teams in questions from the Financial Planning Challenge.

Financial Planning 116

Financial Planning Planning 116

Nerd's Eye View

OCTOBER 17, 2023

What's unique about Brad, though, is how he built a multi-billion-dollar advisory firm not by moving 'upmarket' to gather multi-millionaire clients, but instead leveraged his 401(k) retirement plan advisory firm to begin offering comprehensive financial planning to the employees of large companies as an added employee benefit, and in the process scaled (..)

Financial Planning 130

Financial Planning Planning Wealth Management Retirement Planning 130

Tobias Financial

OCTOBER 12, 2023

Additionally, financial habits such as lower contributions to retirement plans and reliance on tangible assets pose unique challenges. According to Catalina, empowering the Latino community financially requires knowledge, advocacy, and strategic planning.

Financial Planning 98

Financial Planning Planning Wealth Accumulation Strategic Planning 98

Discipline Funds

DECEMBER 20, 2023

The end of the year is an ideal time to start planning for the year ahead and make sure you’re on target to achieve those goals. Good financial planning is all about asset and liability matching across time. A financial plan with an asset liability mismatch is likely to fail over time.

Financial Planning 75

Financial Planning Planning Asset Allocation Retirement Planning 75

Carson Wealth

JULY 11, 2024

Financial planning for a small business gets more complicated every day. Business owners must navigate tax efficiency (and life under the new Tax Cuts and Jobs Act), retirement preparations for yourself and your employees, and succession planning.

Financial Planning 59

Financial Planning Retirement Taxes Planning 59

Wealth Management

JUNE 1, 2023

Mac Gardner, founder of FinLit Tech, is working to expand the co-ed MNY Fraternity to universities across the country, with the hope of bringing more diverse talent to the financial planning profession.

Financial Planning 122

Financial Planning Planning 122

eMoney Advisor

MARCH 1, 2023

As financial planners, we need to build an inclusive environment where women have the confidence to use their voice in financial conversations, can discuss finances with people they relate to, and have their unique concerns addressed. Sources: 1. Own your worth. ” Accessed February 2023.

Financial Planning 100

Financial Planning Planning CFP Financial Planner 100

Alpha Architect

DECEMBER 4, 2023

The article discusses the importance of integrating psychology into the field of financial planning and highlights the need to understand and address the psychological aspects of financial decision-making and client relationships. Please read the Alpha Architect disclosures at your convenience.

Financial Planning 94

Financial Planning Planning Clients Government 94

Advisor Perspectives

JUNE 6, 2024

Here are some financial planning considerations and steps newlyweds may want to take after the wedding. Our Bill Cass highlights some of the key areas.

Financial Planning 52

Financial Planning Planning 52

Darrow Wealth Management

MARCH 31, 2023

There are many financial planning considerations before, during, and after a divorce. A key part of the process from a financial standpoint is dividing the assets. Here are some key considerations when financial planning for a divorce. Asset division is one of the major financial components of a divorce.

Financial Planning 84

Financial Planning Planning Estate Planning Taxes 84

Advisor Perspectives

AUGUST 29, 2023

Dropping a 100-page financial plan in favor of a simplified one-page plan delivers massive value to clients and wins over prospects.

Financial Planning 98

Financial Planning Planning Clients 98

Advisor Perspectives

SEPTEMBER 4, 2024

Using infographics to illustrate your firm’s financial planning process is a great way to show the value you provide. Whether in your marketing materials, initial consultations, or new client onboarding, these visuals can help set the stage for a successful and growing relationship.

Financial Planning 52

Financial Planning Planning Consulting Clients 52

Nerd's Eye View

MARCH 7, 2024

As a starting point, while clients often approach advisors with basic financial problems, there are often deeper concerns (and goals) associated with their initial requests. Advisors seeking to market these higher-tier services (e.g.,

Financial Planning 130

Financial Planning Planning Clients Marketing 130

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 242

Planning Clients Financial Planning Education 242