Nerd's Eye View

FEBRUARY 1, 2023

Which, in fact, often meets the definition of an ‘endorsement’, subjecting many third-party relationships to the Marketing Rule’s compliance regulations.

Compliance 178

Compliance Advertising Marketing Marketing 178

Nerd's Eye View

JUNE 7, 2023

Additionally, it’s worth remembering that, save for certain personal information like home addresses and birthdates, much of the information on Form U4 is made public on the SEC’s website.

Compliance 213

Compliance Advertising Media Investing 213

XY Planning Network

JUNE 5, 2023

We rounded up some of XYPN's best resources for advisors who want to launch their own financial planning firms. From tackling compliance to creating a business plan and everything in between, this roundup of resources will set you up for firm launch success.

Financial Advisor 61

Financial Advisor Compliance Financial Planning Business Planning 61

Nerd's Eye View

APRIL 17, 2024

Compliance!), And while all may appear well on the surface – the client rarely contacts the advisor with problems but they show up for every annual meeting – they may actually be feeling quite disengaged with the financial planning services being provided. Prospecting! Onboarding!

Clients 198

Clients Financial Planning Compliance Planning 198

Nerd's Eye View

MARCH 6, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Asset-Map has raised $6M in Series B funding as it scales up its financial visualization tool for enterprise use amid growing demand for advice engagement tools Wells Fargo Advisors debuts LifeSync, an app-based tool combining features (..)

Compliance 209

Compliance Financial Planning Planning Financial Advisor 209

XY Planning Network

JUNE 5, 2023

We rounded up some of XYPN's best resources for advisors who want to launch their own financial planning firms. From tackling compliance to creating a business plan and everything in between, this roundup of resources will set you up for firm launch success.

Financial Advisor 52

Financial Advisor Compliance Financial Planning Business Planning 52

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

Nerd's Eye View

MARCH 13, 2023

In practice, support services from advisor platforms might include a wide range of consulting services – from compliance to an advanced planning team, operations to technology – that advisors could engage for a fee as needed.

Compliance 192

Compliance Portfolio Management Planning Financial Advisor 192

Nerd's Eye View

JANUARY 30, 2024

So, whether you're interested in learning about how Tim's ongoing investment into a healthy and a SEO-reputable website resulted in a multi-dimensional prospecting in-flow, how Tim manages SEC marketing compliance while still consistently asking clients for referrals, and how Tim has built a 'fireproof' hiring process putting people in roles that matched (..)

Financial Advisor 204

Financial Advisor Clients Compliance Engineering 204

Nerd's Eye View

JANUARY 1, 2024

Read the analysis about these announcements in this month’s column, and a discussion of more trends in advisor technology, including: Arch, a technology provider aiming to streamline the significant administrative and paperwork burden of managing multiple alternative investments, has completed a $20 million Series A funding round as advisors' (..)

Retirement Planning 217

Retirement Planning Compliance Startup Clients 217

Nerd's Eye View

NOVEMBER 11, 2022

While some are looking to gain a first-mover advantage by leveraging client testimonials and third-party endorsements (and adjusting their compliance programs before doing so), others are taking a wait-and-see approach. Also in industry news this week: Why “SECURE 2.0”

Financial Planner 186

Financial Planner Retirement Planning Compliance Retirement 186

Nerd's Eye View

JUNE 21, 2023

In addition to collecting the required reports, the firm’s Chief Compliance Officer (CCO) also has certain review requirements.

Ethics 189

Ethics Fiduciary Duty Compliance Clients 189

Nerd's Eye View

FEBRUARY 14, 2023

In this episode, we talk in-depth about how Jim built Sanctuary’s “Partnered Independence” platform for advisors who want to run their own practices serving HNW clients while leveraging Sanctuary Wealth’s support system that offers technology, compliance, practice management and training groups, digital marketing, and even ultra-HNW (..)

Compliance 130

Compliance Financial Advisor Management Clients 130

Nerd's Eye View

JUNE 26, 2023

Firms seeking acquisitions may talk up their values prior to the sale, but the reality is that at a firm that is rapidly acquiring other businesses – particularly when funded by private equity ownership – the focus is often on the growth of assets and profitability, no matter what the core values are purported to be.

Compliance 236

Compliance Sales Planning Media 236

Nerd's Eye View

JANUARY 17, 2024

Finally, a 4th prompt reviews transcripts from the perspective of a compliance officer to ensure that David and his team adhere to regulatory standards and their own internal policies. Additionally, AI tools have allowed David to transform what were once monologue-based planning meetings into interactive, engaging dialogues.

Financial Advice 130

Financial Advice Financial Planning Planning Clients 130

Nerd's Eye View

SEPTEMBER 26, 2023

What's unique about Bridget, though, is how, as a solo advisor, she found herself overwhelmed with the pressures of having to manage different aspects of her business while also providing great service to her clients as she quickly grew to $77M of AUM in 7 years, and has decided to not to "scale" her firm by hiring more advisors but instead leverage (..)

Financial Planning 223

Financial Planning Financial Advisor Clients Planning 223

Nerd's Eye View

AUGUST 7, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Wealth Management GPT has launched as one of the first standalone AI writing tools for financial advisors, distinguishing itself from other tools that are integrated within already-existing AdvisorTech tools (which raises questions (..)

Estate Planning 213

Estate Planning Wealth Management Financial Advisor Planning 213

Nerd's Eye View

JULY 12, 2022

We also talk about why Kamila intentionally shifted her career focus to build an independent practice after years of working with clients and realizing how few looked like her, how despite working hard, Kamila was frustrated she was not receiving the recognition and compensation she felt she deserved and ultimately decided to follow the advice she (..)

Financial Advisor 246

Financial Advisor CFP Clients Financial Planning 246

Nerd's Eye View

JUNE 6, 2023

We also talk about how Adam almost didn’t land his first job with Equitable because he didn’t do well on his insurance exams and only lucked into the job because a newly-hired manager happened to need one more insurance producer to meet his own numbers, how, in the early stages of his career, Adam wanted to work with business owners and (..)

Assets 223

Assets Financial Advisor Financial Planning Insurance 223

Nerd's Eye View

MAY 2, 2023

We also talk about why despite being a CFA charterholder Jake outsources investment management to First Ascent – for which clients pay an entirely separate additional fee – because it both allows him to simplify compliance to not manage investments in-house, and takes away the cost pressure of having to hire a separate employee to just (..)

Financial Advisor 227

Financial Advisor Financial Planning Clients Planning 227

Nerd's Eye View

JUNE 5, 2023

This month's edition kicks off with the news that Riskalyze has completed its previously-announced rebranding, and will now be known as “Nitrogen”, a ”growth platform” for advisory firms – which represents less of a shift in the platform’s core function (given that Riskalyze’s risk tolerance tool was always (..)

Risk Tolerance 194

Risk Tolerance Retirement Retirement Planning License 194

Nerd's Eye View

NOVEMBER 7, 2022

Hearsay Systems rolls out a new small-to-mid-sized RIA platform for social media compliance and website design. Riskalyze signals an intent to rebrand itself away from ‘just’ risk tolerance assessments to a broader focus on helping advisors grow clients and assets.

Risk Tolerance 176

Risk Tolerance Compliance Startup Clients 176

MazumaBusinessAccounting

NOVEMBER 1, 2022

Take some time to gain more insight as to whether or not your business can make an impact within that industry. Understanding your potential market will allow you to better form your business plan. Create a Business Plan A business plan is important because it outlines your overall goals and shows how you plan to achieve them.

Business Planning 52

Business Planning Startup Taxes Accounting 52

MazumaBusinessAccounting

NOVEMBER 2, 2022

Take some time to gain more insight as to whether or not your business can make an impact within that industry. Understanding your potential market will allow you to better form your business plan. Create a Business Plan. When creating your business plan, be sure to consider all aspects of your business.

Business Planning 52

Business Planning Startup Taxes Accounting 52

Nerd's Eye View

NOVEMBER 1, 2022

In this episode, we talk in-depth about why Mindy attributes the success of her practice’s structure to the realization that she does not enjoy selling products or investment management (or dealing with compliance that goes with them) and could more efficiently scale with an advice-only approach to one-year financial planning engagements that (..)

Fee Only 130

Fee Only Clients Financial Planning Financial Advisor 130

Fortune Financial

MARCH 5, 2024

Regular contributions are vital, but so is ensuring the plan remains a good fit for your evolving business and workforce. This means staying informed about plan performance, fees and compliance requirements. Sustained Oversight: A successful 401k plan requires more than just initial enthusiasm.

Retirement Planning 52

Retirement Planning Financial Advisor Retirement Taxes 52

Fortune Financial

SEPTEMBER 25, 2023

Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting. Regulatory Compliance Ensure the wealth management firm is registered and compliant with relevant regulatory authorities. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Fortune Financial

SEPTEMBER 25, 2023

Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting. Regulatory Compliance Ensure the wealth management firm is registered and compliant with relevant regulatory authorities. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

Nerd's Eye View

DECEMBER 6, 2023

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

Investing 243

Investing Investments Retirement Planning Financial Advising 243

Nerd's Eye View

FEBRUARY 21, 2024

In 2021, Congress passed the Corporate Transparency Act, which, for the first time, required small business entities such as LLCs and corporations to report identifying information on their "beneficial owners" (i.e., those who own at least 25% of, or who otherwise exercise substantial control over the business).

Insurance 176

Insurance Numbers Clients Business Planning 176

Nerd's Eye View

AUGUST 30, 2023

Non-compete agreements (where a company prohibits an employee from working for competitors, at least for a certain period of time) are often used to help companies protect their investment in the employee (e.g.,

Clients 209

Clients Communication Financial Planning Planning 209

Nerd's Eye View

OCTOBER 19, 2022

In the United States, Registered Investment Advisers (RIAs) are required to register in one of 2 ways: with the Federal government (namely the SEC) or with one or more state securities regulatory agencies.

Startup 130

Startup Clients Government Numbers 130

FMG

DECEMBER 22, 2022

As you’re based in Washington, how has the pandemic affected your business plan and the way you communicate with clients? Like so many other people, the pandemic opened the door for me to connect with clients who would normally struggle to get to an office meeting during business hours, even if they live in my town.

Financial Advisor 52

Financial Advisor Compliance Clients Communication 52

Nerd's Eye View

DECEMBER 7, 2022

For investment advisers looking to attract prospective clients, advertising the performance of their investment strategies would be a logical way to market their services (at least if they had strong historical returns!).

Advertising 213

Advertising Investing Investments Marketing 213

Nerd's Eye View

AUGUST 17, 2022

Registered Investment Advisers (RIAs) are generally required to enter into an advisory agreement with their clients prior to being hired for advisory services.

Clients 207

Clients Assets Financial Planning Management 207

Nerd's Eye View

AUGUST 24, 2022

Advisory agreements for Registered Investment Advisers (RIAs) contain many sections that are important both for the purposes of complying with SEC and state securities regulations, and for constituting a valid agreement between the RIA and the client.

Electronics 180

Electronics Clients Retirement Planning Financial Advice 180

Nerd's Eye View

AUGUST 24, 2022

Advisory agreements for Registered Investment Advisers (RIAs) contain many sections that are important both for the purposes of complying with SEC and state securities regulations, and for constituting a valid agreement between the RIA and the client.

Electronics 170

Electronics Clients Retirement Planning Financial Advice 170