Nerd's Eye View

APRIL 19, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that CFP Board announced that it has crossed the milestone of 100,000 CFP professionals in the United States, and despite having just celebrated its 50th anniversary last year, just set a record high in the number of advisors sitting (..)

Financial Planner 239

Financial Planner CFP Financial Advisor Retirement Planning 239

Nerd's Eye View

JANUARY 19, 2024

Nevertheless, there is potential for many individual RIAs to expand their staffing further, with the addition of specialized planning and operations roles being seen as a potential avenue to boost firm growth.

Financial Planner 213

Financial Planner Fiduciary Duty Retirement Retirement Planning 213

Nerd's Eye View

NOVEMBER 3, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor this week released its long-awaited "retirement security rule", its latest effort to curb conflicts of interest around retirement savings recommendations.

Financial Planner 213

Financial Planner Retirement Planning Retirement Insurance 213

Nerd's Eye View

JULY 14, 2023

Also in industry news this week: The SEC this week finalized a series of rules designed to discourage future runs on money-market funds, potentially reducing their liquidity risk A recent study suggests that advisor marketing messages that address prospective clients' emotional concerns, in addition to their technical questions, could be particularly (..)

Financial Planner 209

Financial Planner Compliance Media Retirement Planning 209

Nerd's Eye View

DECEMBER 22, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Envestnet has published research highlighting a number of key trends that they believe will shape the growth of the advisory industry in 2024 and beyond, which reflect at a high level advisors' ongoing shift towards providing (..)

Financial Planner 214

Financial Planner Fee Only Tax Planning Retirement 214

Nerd's Eye View

OCTOBER 6, 2023

Also in industry news this week: A new advisor benchmarking study indicates that high-growth firms are excelling in 3 areas: client acquisition, "relationship alpha", and strategic scale A recent survey indicates that while advisors increasingly are leveraging home office investment models to save time and scale more efficiently, they often customize (..)

Financial Planner 235

Financial Planner CFP Certification Communication 235

Nerd's Eye View

JANUARY 26, 2024

Also in industry news this week: A House committee has advanced a bill that would extend several expired business-related tax measures from the Tax Cuts and Jobs Act and would increase the value of the Child Tax Credit The SEC released its examination priorities for 2024, which include a focus on advisers' adherence to their duty of care and duty of (..)

Financial Planner 186

Financial Planner Retirement Planning Financial Advisor Retirement 186

Random Roger's Retirement Planning

FEBRUARY 25, 2023

Bloomberg conducted a survey about how much money people need to retire and the respondents said $3-$5 million. I am less interested in the sensational numbers they are throwing around than a couple of smaller observations in the article. I am in that camp and I guess I am surprised that the number isn't much higher.

Retirement 96

Retirement Numbers Portfolio Portfolio Management 96

Nerd's Eye View

JANUARY 5, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that comment letters submitted regarding the Department of Labor's (DoL) proposed Retirement Security Rule, which is intended to strengthen standards regarding the provision of certain retirement-related advice, reflect the (..)

Financial Planner 188

Financial Planner Retirement Retirement Planning Financial Advisor 188

Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S.,

Financial Planner 226

Financial Planner Retirement Taxes Insurance 226

Nerd's Eye View

AUGUST 25, 2023

Also in industry news this week: The SEC settled its first charges related to its new marketing rule with a firm that advertised 2,700% annual returns A survey suggests that older Americans prefer the term "longevity" to "aging", perhaps informing the way advisors discuss related issues with their clients From there, we have several articles on retirement (..)

Financial Planner 199

Financial Planner Retirement Retirement Planning Advertising 199

Nerd's Eye View

SEPTEMBER 15, 2023

Also in industry news this week: The SEC agreed to a series of settlements with 9 RIAs resulting from charges of improper use of hypothetical returns in advertising under the regulator's marketing rule How several CEOs of large RIAs and AdvisorTech companies have found that receiving funding from private equity firms and taking the responsibility for (..)

Financial Planner 209

Financial Planner Retirement Retirement Planning Advertising 209

Random Roger's Retirement Planning

JANUARY 8, 2024

The Wall Street Journal ran an article titled Here's What It's Like To Retire On Almost Nothing But Social Security. The most striking thing in the article was a quote by a guy who is now 70 and who started having health problems at 63. He said " he was unprepared for sudden retirement, financially or otherwise."

Retirement 59

Retirement Numbers Accounting Taxes 59

Nerd's Eye View

DECEMBER 29, 2023

Also in industry news this week: After the Massachusetts state regulators proposed a regulation that would require businesses to provide accurate up-front pricing information before a customer provides any personal information, life insurance industry groups have requested an exemption from the rule (since insurers need to have at least some of the (..)

Financial Planner 207

Financial Planner Insurance Retirement Retirement Planning 207

Random Roger's Retirement Planning

AUGUST 2, 2023

More Generation X retirement doom today from both Bloomberg and Yahoo. Grim numbers aplenty with average 401k balances in the very low six figures and median numbers much lower than that. Part of the Bloomberg article cited a study from Schwab that showed respondents believing they need $1.8 What are your numbers?

Retirement 67

Retirement Numbers Budgeting Taxes 67

Nerd's Eye View

DECEMBER 16, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase. How firms can best leverage their internal data to improve the number of client referrals they receive.

Financial Planner 225

Financial Planner CFP Financial Advisor Retirement Planning 225

Nerd's Eye View

SEPTEMBER 1, 2023

Also in industry news this week: A legal challenge to FINRA's operations as a self-regulatory organization has the potential to upend the current regulatory system for broker-dealers and their registered representatives A recent study indicates that while many consumers appear confident handling their finances on a 'DIY' basis during their careers, (..)

Financial Planner 188

Financial Planner Strategic Planning Retirement Planning Retirement 188

Clever Girl Finance

FEBRUARY 2, 2024

Starting early with investing for retirement is so important to secure your future self. This means that saving for retirement should be a component of your overall financial portfolio and wealth-building strategy. So, let’s discuss how to save for retirement in your 20s! How do I start putting money away for retirement?

Retirement 81

Retirement Risk Tolerance Taxes Accounting 81

Nerd's Eye View

OCTOBER 20, 2023

Also in industry news this week: The latest update on the status of the Department of Labor's proposed regulation related to fiduciary advice on retirement accounts and why the agency is referring to it as a "retirement security rule" rather than a "fiduciary rule" A report suggests that RIA M&A surged in the 3rd quarter, as large acquirers resumed (..)

Financial Planner 195

Financial Planner Retirement Planning Retirement Healthcare 195

Random Roger's Retirement Planning

APRIL 28, 2024

Writing for Bloomberg, Allison Schrager suggests that in order to enjoy retirement, we should work a little longer. Ann Tergesen at the Wall Street Journal reports that while most people expect to retire at 65, 62 ends up being more like it. There were over 800 comments on the WSJ article. So what the hell are we supposed to do?

Retirement 72

Retirement Insurance Food Taxes 72

Nerd's Eye View

SEPTEMBER 16, 2022

From there, we have several articles on retirement planning: A survey indicates that while pre-retirees largely understand the benefits of delaying Social Security benefits, only 11% plan to wait until age 70 to claim them, suggesting that advisors can play an important role in influencing clients’ retirement income decision making.

Financial Planner 189

Financial Planner Retirement Retirement Planning Numbers 189

Random Roger's Retirement Planning

NOVEMBER 13, 2023

A couple of interesting retirement planning items from my reading today. First are two articles about people's reluctance to start to spend down their retirement savings from Kitces and Morningstar , it is a difficult psychological pivot to go from accumulating to decumulating. This makes sense to me. It's ok, it happens.

Retirement 73

Retirement Retirement Planning Commission Medical 73

Nerd's Eye View

AUGUST 4, 2023

Also in industry news this week: RIA M&A activity fell in the second quarter compared to the same period last year amid rising financing costs, though continued private equity interest in the RIA space could help buoy deal volume going forward According to a recent survey, RIAs appear to be taking a defensive approach toward the SEC's new marketing (..)

Financial Planner 193

Financial Planner Retirement Planning Compliance Retirement 193

Nerd's Eye View

JULY 28, 2023

Also in industry news this week: The SEC released a proposal that would require firms to take steps to eliminate or neutralize conflicts of interest when using predictive data analytics tools with clients A recent study found that financial advisors remain the top source of financial advice for consumers, with social media coming in well behind From (..)

Financial Planner 215

Financial Planner Financial Advisor Retirement Planning Financial Advice 215

Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Financial Planner 203

Financial Planner Compliance CFP Clients 203

Nerd's Eye View

MAY 26, 2023

Also in industry news this week: How consumer concerns about the stability of the banking industry could present independent advisors with an opportunity to add value by managing client cash Why an advisor’s fiduciary duty can sometimes come into conflict with the best insurance options for their clients From there, we have several articles on (..)

Financial Planner 213

Financial Planner Fiduciary Duty Retirement Financial Advisor 213

WiserAdvisor

DECEMBER 18, 2023

Navigating the journey to retirement can often feel like a complex puzzle, especially when it comes to figuring out how much you need to save. The answer to “how much you need to retire” is shaped by various factors, including the kind of retirement life you dream of, your age, and the expenses you anticipate during your retirement years.

Retirement 105

Retirement Retirement Planning Risk Tolerance Healthcare 105

WiserAdvisor

SEPTEMBER 20, 2023

In retirement planning, the concept of vesting is more than a contractual formality; it serves as a retention tool that incentivizes employees to remain with their employer for a certain period. You may consult with a financial advisor to understand vested balances in detail and how you can maximize them to boost your retirement savings.

Accounting 100

Accounting Retirement Retirement Planning Planning 100

Nerd's Eye View

JUNE 30, 2023

Also in industry news this week: Concerned about the (insufficient) frequency of its examinations of RIAs, an SEC committee has recommended that the regulator allow third parties to conduct these examinations and to request Congressional authorization to charge investment advisers under its purview a ‘user fee’ that would provide steady (..)

Financial Planner 216

Financial Planner Fee Only Commission Retirement Planning 216

Good Financial Cents

JANUARY 26, 2023

Early retirement has become a popular financial goal. Even if you never retire early, just knowing that you can is liberating! Can You Really Retire at 50? Can You Really Retire at 50? Table of Contents Can You Really Retire at 50? FAQs on Retiring Early at 50 It’s a big bold claim – retire at 50?

Retirement 122

Retirement Taxes Retirement Planning Accounting 122

Random Roger's Retirement Planning

JANUARY 27, 2023

Lending Tree posted a study showing how much people need saved to retire in/near 384 cities in the US. The averages you see from various reports are typically more akin to emergency funds than retirement funds. One note about their process is the effective tax rate for the Prescott Valley numbers would be well under 22%.

Retirement 66

Retirement Numbers Taxes Portfolio 66

Nerd's Eye View

FEBRUARY 10, 2023

Also in industry news this week: The SEC this week released its 2023 examination priorities, which include its new marketing rule, Reg BI, and complicated investments The House of Representatives is considering legislation that would broaden the definition of who qualifies as an accredited investor and is potentially eyeing a role for financial advisors (..)

Financial Planner 192

Financial Planner CFP Certification Retirement Planning 192

Nerd's Eye View

APRIL 28, 2023

House of Representatives committee this week approved legislation that would expand the pool of individuals who would qualify as accredited investors able to access certain private offerings Proposed bipartisan legislation would allow individuals to use funds in 529 plans for expenses associated with acquiring or maintaining postsecondary credentials, (..)

Financial Planner 184

Financial Planner Certification Retirement Planning Retirement 184

Nerd's Eye View

SEPTEMBER 2, 2022

Also in industry news this week: How enforcement of FINRA Rule 4111 could further the decline in the number of broker-dealers and registered representatives. From there, we have several articles on investments: How Morningstar plans to simplify its rating system amid continued concerns about its effectiveness.

Financial Planner 186

Financial Planner Strategic Planning Retirement Planning Retirement 186

Nerd's Eye View

OCTOBER 27, 2023

Also in industry news this week: A survey indicates that while financial advisors remain the most trusted source of financial advice, they might increasingly encounter client questions and ideas that originated from social media Following the transition of advisors and clients from TD Ameritrade and amid competition from competing RIA custodians, Charles (..)

Financial Planner 199

Financial Planner Financial Advice Financial Advisor Tax Planning 199

Nerd's Eye View

SEPTEMBER 22, 2023

The group argued that this change would help more small firms, which tend not to have the same staffing and resources compared to their larger counterparts, as the SEC contemplates a growing number of new and amended rules.

Financial Planner 194

Financial Planner Clients Taxes Numbers 194

Nerd's Eye View

DECEMBER 8, 2023

Also in industry news this week: In a new whitepaper, industry consultant Mark Hurley predicts that the environment for wealth management firms will grow much more competitive amid higher interest rates and greater PE funding of advisory firms, although opportunities exist for RIAs that can successfully attract and serve younger clients at scale According (..)

Financial Planner 184

Financial Planner Numbers Clients Wealth Management 184