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Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that a recent report finds that the number of SEC-registered RIAs, the assets that they manage, and the number of clients they serve all increased between 2023 and 2024 and suggests the industry is robust across the size spectrum, (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that the latest Fidelity RIA Benchmarking Study shows that while RIAs saw gains in AUM and revenue last year, their operating margins tightened, suggesting that rising expenses are cutting into firm profits.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that while overall financial advisor headcount remains relatively flat, the RIA channel continues to gain share in terms of both headcount (as brokers break away to start their own independent firms and aspiring advisors seek (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that according to a recent study by DeVoe & Company, only 42% of RIAs surveyed have written succession plans and either have begun to implement them or have already done so.
Which could prove to be a boon for the financial advice industry as more consumers are willing to entrust their assets to an advisor (while at the same time possibly making it tougher for some advisors to differentiate themselves primarily by how they put their clients' interests first?). Read More.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that, amidst the growing number of RIAs it supervises, the Securities and Exchange Commission (SEC) is moving ahead with a potential plan to raise the $100 million regulatory assets under management threshold for SEC registration, (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent survey found that long-feared fee compression in the financial advice industry has yet to come to pass, though some advisors continue to see potential for small reductions in asset-based fees in the future.
Further, amidst grumbling from some firms, incoming CEO Rick Wurster reiterated a pledge that Schwab (which offers its own direct wealth management services) will not seek to compete for clients with RIAs on its platform, seeing opportunities to pursue prospective clients currently unserved by either group.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that a report from Cerulli Associates found that, amidst an industry-wide trend towards comprehensive financial planning and away from pure transaction-based investment management, asset-based fees currently represent 72.4%
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that the U.S. Senate has confirmed Paul Atkins to be the next Chair of the Securities and Exchange Commission (SEC).
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with a recent survey indicating that a majority of advisors are viewing new client acquisition as their primary challenge in the current competitive environment for financial advice (followed by compliance and technology management) and suggests (..)
Which suggests that, amidst ongoing debate over fiduciary-related regulations, an advisor's status as a fiduciary could both lead to greater client trust (both in their individual advisor relationship and perhaps in the financial advice industry as a whole) and, ultimately, higher client retention rates.
a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading! a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading!
So far, I’ve written about AI notetaker Jump and its integration with the financial planning application RightCapital , and the AI-powered financial planning application and company Conquest Planning and its $80 million fund raise to help accelerate its U.S. It has become a challenge to keep up with new rollouts.
podcasts.apple.com) The biz Fidelity's move to sweep client cash into FCASH, making more work for RIAs. riabiz.com) Morgan Stanley's ($MS) wealth management division apparently prioritized assets over vetting clients. riabiz.com) Why wealth managers need to do more to support client charitable giving. thinkadvisor.com)
10 Growth Marketing Strategies for FinancialPlanners in 2025 The new year wipes the slate clean and gives financialplanners a fresh opportunity to focus on marketing strategies that attract and retain more clients in less time and with less energy. And new leads and clients keep coming.
The two most common pricing models are fee-only financialplanners (flat-fee or fixed-fee advisors) and AUM-based financial advisors (who charge a percentage of assets under management). Instead, they provide objective, conflict-free financial advice at a predictable cost.
As individuals and families strive to build wealth, protect their future, and achieve life goals, they increasingly seek trusted professionals who can offer sound, holistic financial advice. This is where competent, ethical, and client-first financialplanners step in. What is the CFP Certification?
Here are five ways you can find a full-time fiduciary financial advisor. A fiduciary advisor is a financial professional who is legally obligated to act in the best interest of their clients. Benefits of working with an independent fiduciary advisor Independence is important when seeking financial advice.
Although some firms use these compensation methods, the majority base fees on a percentage of assets under management (AUM) for their services. Fee-only firms are unique as they do not receive commissions from selling financial products, such as insurance policies or investment products. Titles: Financialplanners go by many names.
It calls for the ability to connect the dots – between economic events, investor psychology, personal goals, and long-term asset behaviour. You develop frameworks to assess client situations holistically. At the International College of Financial Planning (ICOFP) , we have seen this transformation first-hand.
That’s where financial planning for freelancers comes in. As a freelancer, youre your own boss, accountant, and financialplanner all rolled into one. Diversify your income streams Dont rely on a single client or type of work. Establish consistent financial habits, even with fluctuating income.
The retail investors are beginning to understand the importance of investing in structured financial products than merely locking them up in gold or real estate assets. The Client First approach is the Need of the hour with multiple products flowing into the mark.
As a financialplanner, your guidance is essential in helping clients minimize risks and maximize financial benefits. Factors to Consider When Choosing a Business Structure Liability Protection Corporations and LLCs shield owners’ personal assets from business liabilities, unlike sole proprietorships and partnerships.
Every financial advisor knows the importance of a growth plan. If a financialplanner doesnt build a solid plan of ROI, their clients wont have a solid financial future. Financial advisors need a solid growth marketing plan to ensure they are built to last for years and decades to come.
From our very first intern to one of our most trusted advisors, Chads contributions have helped shape the firm into what it is todayserving nearly 850 clients and managing $1.2 billion in assets. His dedication, leadership, and care for both clients and colleagues are felt in every corner of our organization.
From her early days as an intern to becoming our third advisor and a partner at the firm, Allison’s influence reaches far beyond her client work. Today, she is known not only for her technical expertise but also for her remarkable ability to listen deeply, celebrate milestones, and understand the human side of financial decision-making.
Maintaining a consistent client experience while growing. Transitioning clients between advisors and managing referrals who come to the firm expecting to work with the boss. Keen Wealth’s checklist-driven financial planning process. The questioning is a client experience. What’s their life look like?
Each week in Weekend Reading For FinancialPlanners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.
This is a fascinating conversation if you’re at all interested in what it’s like to be part of a fast growing organization that is racking up trillions of dollars in assets, what it’s like to create new initiatives. He told the story here during the financial crisis. Really, this is Tour de Force conversation.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that President Trump's tariff announcement on Wednesday and the subsequent market decline have led many financial advisors to reassure clients that they are implementing their pre-determined plans for such circumstances.
The report, released Monday by the Charity Reform Initiative of the Institute for Policy Studies, found that total DAF assets have grown 67% over the past four years, from $152 billion in 2020 to $254 billion in 2023, despite fluctuations in contributions. 41 research tax credit.
The study also identified attributes of "top performing" firms across a range of metrics, finding that they are more likely than other firms to have a clear ideal client persona, client value proposition, and marketing plan.
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 “financialplanner”, CFP Board is more focused on increasing recognition of the CFP marks. How individuals can best harness their willpower to achieve their biggest goals. Read More.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent survey from Charles Schwab indicates that advisors see technology as the biggest driver of change in the RIA industry, with the growing number of AdvisorTech solutions as the most frequently cited tech-related driver (..)
Enjoy the current installment of “Weekend Reading For FinancialPlanners” - this week’s edition kicks off with the news that a recent study found that advisory forms working with a younger client base tend to have relatively stronger growth in assets under management and revenue over time.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week's edition kicks off with the news that a recent study has found that consumers are increasingly likely to spread their portfolios across a range of asset managers, and that this trend is particularly pronounced amongst more affluent clients (e.g.,
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that Charles Schwab and other brokerage platforms are planning to increase the interest rates they pay on client cash held in their platform or cash sweep programs, which could boost the income of clients who maintain a cash (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that the North American Securities Administrators Association (NASAA) released the latest edition its annual survey outlining the state of state-registered RIAs, showing that the number of state-registered firms and their assets (..)
Further, the study identifies the traits of "top performing" firms, which, during the past 5 years, saw nearly triple the client and net organic asset growth compared to other firms.
Enjoy the current installment of "Weekend Reading For FinancialPlanners" – this week's edition kicks off with the news that a recent benchmarking study suggests that a number of RIAs are looking to move 'upmarket' and work with wealthier clients by expanding their service menu to include family office services, investment banking, and/or trust (..)
Enjoy the current installment of "Weekend Reading For FinancialPlanners" - this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a "small entity" to reduce the compliance burden on small businesses, (..)
Which suggests that instead of trying to go head-to-head with these larger firms (and their heftier marketing budgets) in attracting clients, smaller firms might instead demonstrate how they are 'different' by offering a unique service offering tailored to their ideal target clients.
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