Nerd's Eye View

JANUARY 6, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Securities and Exchange Commission (SEC) has received significant pushback from investment adviser and financial industry trade groups to the regulator’s recent proposal that would establish formalized (..)

Financial Planner 244

Financial Planner Retirement Planning Commission Retirement 244

Nerd's Eye View

DECEMBER 16, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that CFP Board is forming a Competency Standards Commission in 2023 to review and evaluate its competency requirements for Education, Examination, Experience, and CE, which represents an opportunity for CFP Board (..)

Financial Planner 246

Financial Planner CFP Retirement Planning Financial Advisor 246

Nerd's Eye View

DECEMBER 6, 2023

While commission-based models remain in use, fee-for-service models (including AUM, hourly, retainer, and subscription) have become increasingly popular. Over the past several years, the financial services industry has undergone a tremendous evolution in how financial advisers deliver and charge for their services.

Investments 246

Investments Investing Retirement Planning Financial Advising 246

Nerd's Eye View

DECEMBER 7, 2022

But for many years, advisers looking for guidance from the Securities and Exchange Commission (SEC) regarding what kind of performance advertising was permissible had to rely on fairly general guidelines and SEC staff statements in the form of “no-action” letters.

Advertising 246

Advertising Investments Investing Marketing 246

Nerd's Eye View

AUGUST 6, 2024

What's unique about Jaime, though, is how his firm has grown to more than $1 billion in AUM over the past 20 years in part by making a series of 6 acquisitions, typically buying mixed fee-and-commission practices from retiring advisors in his local area and converting them into ongoing recurring revenue financial planning clientele.

Commission 130

Commission Retirement Financial Advisor Recruitment 130

Nerd's Eye View

AUGUST 25, 2022

Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way.

Financial Planning 238

Financial Planning Clients Planning Commission 238

Nerd's Eye View

MAY 22, 2024

Further, critics of non-compete agreements argue that they restrict dynamism in the overall economy by making it harder for businesses to hire (as the pool of applicants will be smaller in industries where non-competes are prevalent ), and for employees subject to non-competes to start new companies.

Financial Advice 243

Financial Advice Commission Clients Sales 243

Nerd's Eye View

JUNE 12, 2024

For example, if an advisor recommends an investment that prioritizes the commission they would receive rather than any benefit the client would derive from it, they could incur fines and sanctions for violating their fiduciary duty as an advisor.

Fiduciary Duty 241

Fiduciary Duty Risk Tolerance Investments Investing 241

Nerd's Eye View

AUGUST 25, 2022

Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way.

Financial Planning 232

Financial Planning Clients Planning Commission 232

Nerd's Eye View

JULY 26, 2022

In this episode, we talk in-depth about how after working for years in the financial industry, Amy realized there was a missed opportunity in working with career-driven Gen X women like her and decided to focus on serving that type of clientele she knew so well, how the initial fear of launching a firm on her own initially led Amy to partner with another (..)

Financial Planner 246

Financial Planner Management Planning Financial Advisor 246

Nerd's Eye View

DECEMBER 5, 2022

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: DPL Partners launches a new advisor-matching solution to solve for the inbound demand of consumers increasingly seeking out a new crop of no-commission annuity products.

Clients 232

Clients Financial Advisor Commission Numbers 232

Nerd's Eye View

NOVEMBER 14, 2022

But the obvious flaw with this ‘eat-what-you-kill’ model was that newer advisors overwhelmingly succeeded or failed – not by virtue of the quality of advice they gave to their clients, but by how effectively they could sell the financial products for which they were usually compensated via commission.

Recruitment 221

Recruitment Clients Commission Financial Planning 221

Nerd's Eye View

SEPTEMBER 13, 2022

In this episode, we talk in-depth about how Carolyn grew her career to become a leader in the financial services industry and made her mark by becoming an established executor for major broker-dealers that wanted to shift away from solely commission-based models and add advisory models, the paths that Carolyn navigated at companies like H.D.

Financial Advisor 221

Financial Advisor Financial Services Ethics Recruitment 221

Nerd's Eye View

AUGUST 26, 2024

Over the last 50 years, even the most substantial changes to occur – such as the movement away from commissions and towards fee-based compensation, and the shift from an investment-centric approach to more holistic financial planning – have taken place over decades and, in many cases, are still ongoing.

Communication 142

Communication Financial Advice Commission Planning 142

Nerd's Eye View

JULY 30, 2024

In this episode, we talk in-depth about how Michelle has created a structured process to help her clients successfully navigate the divorce process, from connecting them to divorce specialists that Michelle has pre-vetted, including attorneys, mortgage brokers, and therapists, as well as providing her divorcee clients with a roadmap for their way forward (..)

Clients 130

Clients Financial Advisor Insurance Wealth Advisor 130

Nerd's Eye View

OCTOBER 17, 2023

In this episode, we talk in-depth about how, after realizing that his 401(k) plan participants were not being advised after they retired (and were being poached by brokers and agents trying to sell them on high-commission annuities), Brad decided to expand his business into wealth management so that he could offer advice to his mass affluent clientele (..)

Financial Planning 130

Financial Planning Planning Retirement Planning Wealth Management 130

Leading Advisor

AUGUST 2, 2023

Branding Commission/Fee For Service Compliance and Licensing Marketing and Sales Office Environment Products and Services Technology and Equipment Team/Succession Planning Vision and Business Plan What… The post Will increasing your understanding of Flow & the Elimination of Flow Killers help you to make these Processes & Systems STICK? (..)

License 40

License Compliance Commission Business Planning 40

Fortune Financial

SEPTEMBER 25, 2023

In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies. This fee structure suits clients who require specific financial planning services or have limited ongoing management needs. Fee Transparency Transparency is paramount when it comes to fees.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Don Connelly & Associates

SEPTEMBER 23, 2024

As you might already know, financial advisors need to be good business people to succeed, which entails having a solid business plan, creating an ideal client profile, developing project management skills, and acting and thinking like a CEO.

Financial Advisor 52

Financial Advisor Business Planning Clients Planning 52

Fortune Financial

SEPTEMBER 25, 2023

In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies. This fee structure suits clients who require specific financial planning services or have limited ongoing management needs. Fee Transparency Transparency is paramount when it comes to fees.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

Good Financial Cents

DECEMBER 22, 2022

Commission-free investing Allows fractional shares in stocks, ETFs Small minimum investment: $100. Invest in a Small Business. Investing in small businesses can be a great way to diversify beyond the stock market. You’ll need a few good ideas to develop a business plan that could work. Open an Account.

Investments 108

Investments Investing Risk Tolerance Accounting 108

Carson Wealth

DECEMBER 13, 2022

These advisors may have a background in tax or small business planning, specialize in high-net-worth families or make sophisticated investment recommendations. Do you earn commission for selling financial products? Charge a set fee for providing financial planning and investment advice? What certifications do you have?

Wealth Management 52

Wealth Management Financial Advisor Management Financial Planner 52

Clever Girl Finance

AUGUST 31, 2022

Sales is a field where your pay is directly tied to your success since they’re typically paid via base salary + commission. On the flip side, you’re also the one assuming all the risk, so make sure you have a solid plan.) Find out how to start a business from scratch and outline your business plan.

Taxes 93

Taxes Medical Sales Planning 93

Clever Girl Finance

AUGUST 30, 2023

Although the broker will take a commission on the sale price, they can also help you find a deal in the first place. Since buying a laundromat may cost hundreds of thousands of dollars, most new business owners will need to find financing. If you are interested in making a purchase, you can likely find some leads through a broker.

Investments 98

Investments Investing Valuation Management 98

Clever Girl Finance

JUNE 4, 2023

Whether it’s your side hustle or full-time job , you need to ensure you have a business plan in place, so you cover your costs and turn a profit. They may charge a fee or take a commission in exchange for space. How can you promote your craft business?

Sales 98

Sales eCommerce Business Planning Retail 98

Steve Sanduski

NOVEMBER 10, 2023

When I started in the industry in 1993, it was a commission-driven business where you woke up every morning unemployed until you made your next sale. We are getting to the tail end now of the generation of advisors who grew up in the commission world and then shifted to the AUM model. That formula is hard to resist.

Commission 52

Commission Planning Management Clients 52

Good Financial Cents

APRIL 19, 2023

You can earn passive income whether you’re an entrepreneur with a brilliant business plan, a talented artist, or just happen to have extra cash to invest. Most brokerages no longer charge trading commissions which is a huge saving for us! They then earn a commission on the products that they sell.

Accounting 105

Accounting Investments Investing Media 105

The Big Picture

NOVEMBER 7, 2023

’cause there’s a lot you can do if you are willing to run the risk that like maybe the Securities and Exchange Commission will sue you or like maybe you’ll go to jail for a year, you know, but maybe you’re gonna make a lot of money first. That’s essentially the business model of Bitcoin.

Numbers 154

Numbers Banking Accounting Taxes 154