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Weekend Reading For Financial Planners (Dec 24-25)

Nerd's Eye View

A review of financial planning actions, from tax-loss harvesting to charitable giving, that have a December 31 deadline.

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A $300,000 College Tour

Wealth Management

Share some basic information such as trip dates, colleges to visit and what kind of hotel you’d like to stay in, from budget to chain to luxury. To do this, use your favorite personal AI assistant, whether it’s Google Gemini, Chat GPT or something else. And it will suggest food stops. Best part of this? It’s free.

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Empowering Employee Advisors Who Struggle With Business Development By Narrowing Them Into A Niche

Nerd's Eye View

Firms can help them create a strategic plan and offer mentorship to steer them in the right direction as well as the time, budget, and staff support they need to ensure they thrive in their new role. Sales and marketing may not come naturally to them – they've likely never done this before and need clear guidance.

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When Does A Financial Coach Need To Register As An Investment Adviser? The “ABCS” Test To Determine Status

Nerd's Eye View

Notably, while many financial coaches satisfy the majority of these requirements – they are in the business of offering advice to clients and are compensated as such – they often steer clear of making specific securities recommendations, focusing instead on areas like budgeting, debt management, savings, and retirement planning.

Investing 246
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Outsourcing (Parts Of) The Financial Plan Preparation Process To Boost Solo Advisor Capacity

Nerd's Eye View

Given that most advisors probably won't want to outsource the entire plan development process, they can take a methodical approach to identify the tasks that they do not enjoy and/or that take up too much of their time (i.e.,

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#FA Success Ep 362: Developing Associate Advisor Compensation Plans And Career Tracks To Scale Capacity Past $1.5B AUM, With Jeff Brown

Nerd's Eye View

billion of AUM (and is now increasing the firm's marketing budget and hiring a dedicated marketing professional to help further expand his firm's reach).

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#FA Success Ep 356: Scaling To (Nearly) $2M Of Revenue As A Flat-Fee, Advice-Only Firm, With Sarah-Catherine Gutierrez

Nerd's Eye View

So whether you're interested in learning how Sarah-Catherine utilizes her touchpoints to help her "guided DIY" clients continue to act, how she manages both the hard dollars of budgeting and soft dollars of future ambitions to help clients both live the lives they want today while also ensuring they can enjoy their future, or why she muscled through (..)