Four Ways Clients Can Access Their Home Equity
Wealth Management
SEPTEMBER 9, 2022
Inflation and higher interest rates make it more difficult for homeowners to absorb the costs associated with traditional equity financing.
client-access 
Private Credit Pivots to Funds Giving More Access to Client Cash
Wealth Management
JANUARY 8, 2024
Firms such as Carlyle Group Inc. and KKR & Co. are among those building so-called evergreen funds.
Clients 
77
77 Clients 77
77 Join 74,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Weekend Reading For Financial Planners (April 20-21)
Nerd's Eye View
APRIL 19, 2024
Also in industry news this week: The Office of Management and Budget (OMB) has completed its review of the Department of Labor's new "fiduciary rule ", indicating that it could be released in the coming days or weeks (though, like its predecessors, its ultimate disposition is likely to be determined in the courts) The IRS announced this week that it (..)
Adviser links: old school thinking
Abnormal Returns
APRIL 22, 2024
(citywire.com) iCapital has teamed with Bain Capital Credit to provide access to Bain's credit products. citywire.com) Advisers Why clients are not as engaged as they could be. riaintel.com) Practice management Fidelity has launched a new 'Growth Hub' for advisers. investmentnews.com) Why RIA sellers need to take their time.
Putting the ‘Tech’ in Spend Management Techniques
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!
RIA Code Of Ethics: Important Nuances To Note In Relatively Straightforward Requirements
Nerd's Eye View
JUNE 21, 2023
All investment advisers are fiduciaries that owe a duty of care and loyalty to their clients, and, in an ideal world, advisory firms and their staff would abide by these requirements without the need for a prescriptive code of ethics.
Ethics 178
178 
The Latest In Financial #AdvisorTech (January 2024)
Nerd's Eye View
JANUARY 1, 2024
This month's edition kicks off with the news that held-away asset management platform Pontera has raised $60 million in venture capital funding as advisors increasingly seek to directly manage clients' 401(k) and other outside assets – although an ongoing investigation by Washington state regulators over whether advisors' use of Pontera violates (..)
Thursday links: infinite patience
Abnormal Returns
MARCH 14, 2024
axios.com) Clients are asking advisers about crypto. apnews.com) Access to raw milk has become a political issue. Crypto How Grayscale nabbed the coveted $BTC ticker. wsj.com) Finance Swearing on company conference calls is on the rise. ft.com) ARMs are no longer a bargain. wsj.com) Media Hollywood is rethinking the value of mergers.
The Latest In Financial #AdvisorTech (November 2023)
Nerd's Eye View
NOVEMBER 6, 2023
This month's edition kicks off with the news that Practice Intel has launched a new "growth platform" centered around quantifying the quality of an advisor's client relationships with an all-in "Relationship Quality Index" (RQI) – which while potentially valuable in helping advisors understand and improve their client experience (and subsequently (..)
Compliance 210
210 
Kitces & Carl Ep 123: Does Every Prospective Client Fit A Niche, Or Do Advisor Specializations Leave More Underserved?
Nerd's Eye View
OCTOBER 19, 2023
Niching offers several advantages, allowing advisors to be more specific in their marketing, more targeted in their prospecting calls, and more efficient in their processes (since clients within a similar niche are likely to have similar problems, especially in niches of profession).
Clients 186
186 
Drafting A Power Of Attorney (POA) Using A Comprehensive ‘Kitchen Sink’ Approach To Avoid Common Pitfalls
Nerd's Eye View
JANUARY 24, 2024
The need to address longevity risk has become increasingly important, allowing financial advisors to add even more value for their clients by ensuring that their financial needs are met throughout retirement. Ultimately, the key point is that a properly drafted POA is an essential part of every estate plan. Read More.
Estate Planning 204
204 
Avoiding Client Power Of Attorney (POA) Rejection By Taking A Comprehensive ‘Kitchen Sink’ Approach
Nerd's Eye View
JANUARY 24, 2024
The need to address longevity risk has become increasingly important, allowing financial advisors to add even more value for their clients by ensuring that their financial needs are met throughout retirement. Ultimately, the key point is that a properly drafted POA is an essential part of every estate plan. Read More.
Clients 197
197 
Sending (Private) Client Newsletters: How Advisors Can Do It Effectively To Reinforce Value
Nerd's Eye View
JANUARY 15, 2024
For financial advisors, an ongoing client service model often means finding ways to keep clients engaged and progressing toward their goals outside of the 1 or 2 typical client review meetings each year.
Clients 192
192 
Procyon: Institutional Due Diligence With a Private Wealth Overlay
Wealth Management
APRIL 8, 2024
Procyon takes a bottom-up approach to portfolio management, but the firm’s real differentiator lies in its own alternative funds, giving clients access to unique opportunities in the private markets.
Optimizing Your Advisory Firm Website’s Process Page For Prospect Conversion
Nerd's Eye View
NOVEMBER 20, 2023
As marketing and prospecting processes become increasingly digital for financial advisors, many prospective clients learn about advisors and what they offer not from an introductory call, webinar, or speaking event but from the advisor's website itself. As a starting point, a well-built Process page performs 4 critical functions.
Adviser links: asking good questions
Abnormal Returns
FEBRUARY 27, 2023
riabiz.com) Goldman Sachs ($GS) is offering wealth management clients access to Stripe shares. kitces.com) Clients, and potential clients, are awash in bad financial information on social media. (proudmouth.com) The biz It's hard to overstate how big a deal the TDA to Schwab ($SCHW) transition is.
How Advisors Can Help (Not-So HNW) Clients Maximize Asset Protection By Assessing Strategies, Tools, And Education
Nerd's Eye View
SEPTEMBER 6, 2023
Financial advisory clients are routinely concerned about lurking threats to their hard-earned wealth in the form of a large unforeseen judgment on a liability claim. While asset protection is a popular planning topic for High-Net-Worth (HNW) and ultra-high-net-worth clients, those who are not HNW are susceptible to the same threats to wealth.
Education 233
233 
J.P. Morgan Accuses Advisor of Soliciting Clients After Jumping to Raymond James
Wealth Management
FEBRUARY 23, 2024
Sitarski, alleging he accessed client information, violated contractual agreements and lured away clients with nearly $4 million in assets. The bank is seeking a temporary restraining order against Matthew D.
Clients 89
89 
The Latest In Financial #AdvisorTech (December 2023)
Nerd's Eye View
DECEMBER 4, 2023
Envestnet has announced a partnership with Empower to offer a turnkey 401(k) plan management solution for advisors with small business owner clients – but it isn't clear whether making 401(k) plan management 'easier' will actually convince more advisors to manage 401(k) plans, given how advisors have largely been averse to 401(k) plan management (..)
Cyber Threats To Client Wealth And Well-Being: Why And How Wealth Managers Will Soon Play A Key Role In Managing These Risks
Nerd's Eye View
MARCH 15, 2023
For instance, ensuring clients maintain the proper insurance coverage based on their needs is an important part of the financial planning process. At the same time, clients face another class of risks that advisors often do not consider: cyber. stealing a client’s financial assets that are accessible online), identity theft (i.e.,
Management 209
209 
Altruist Eliminates Portfolio Accounting Software Fee for Custody Clients
Wealth Management
SEPTEMBER 21, 2023
That gives the firm’s RIA custody clients free access to performance reporting, fee billing, portfolio rebalancing, a client portal and portfolio accounting software.
Accounting 114
114 
Weekend Reading For Financial Planners (July 29-30)
Nerd's Eye View
JULY 28, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that RIAs appear to be building more comprehensive and more integrated tech stacks, and are benefiting from greater operational efficiencies, according to the latest Schwab RIA Benchmarking Study, with larger firms (..)
Orion Adds Alts Access in Partnership with CAIS
Wealth Management
MARCH 7, 2024
The partnership will give Orion clients access to CAIS Solutions, enabling management of alternative investments.
Clients 96
96 
Unlocking Accessible Financial Advice The Garrett Planning Network Advantage
MainStreet Financial Planning
FEBRUARY 1, 2024
Here is what makes us different: Hourly, Fee-Only Service: We operate on an hourly or, flat, fee-only basis, ensuring transparency and alignment of interests with our clients. Importantly, we do not accept sales commissions or any compensation beyond what is directly agreed upon with our clients.
#FA Success Ep 337: Becoming An ‘Accidental’ Entrepreneur When Independence Isn’t Chosen But Forced By Circumstance, With Danika Waddell
Nerd's Eye View
JUNE 13, 2023
Danika is the President and Founder for Xena Financial Planning, a virtual advisory firm that advises 40 client households of women in tech and supports more than $275K of ongoing revenue. Welcome back to the 337th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danika Waddell.
Adviser links: client confidence
Abnormal Returns
FEBRUARY 13, 2023
kitces.com) Matt Reiner talks client expectations with Daniel Crosby who is the Chief Behavioral Officer at Orion Advisor Solutions. etf.com) Things to keep in mind when direct indexing a client's portfolio. fa-mag.com) How to advise clients in the government Thrift Savings Plan.
Clients 206
206 
#FA Success Ep 338: Finding Your Why In Helping Clients Figure Out What To Retire Towards (Not From), With Tony Hixon
Nerd's Eye View
JUNE 20, 2023
Tony is the Co-founder and COO for Hixon Zuercher Capital Management, an independent RIA based in Findlay, Ohio, that oversees more than $300 million in assets under management for nearly 330 client households.
Retirement 237
237 
Adviser links: a decent place
Abnormal Returns
JUNE 26, 2023
(wsj.com) Advisers Don't discount the role of emotional factors in driving adviser adoption by clients. riabiz.com) Why investors need easy access to a TIPS ladder solution. morningstar.com) There are plenty of different models that work for planning, not just charging on AUM.
#FA Success Ep 361: Scaling A $2.4B Advisory Enterprise With Debt-Financed Acquisitions Into High-Productivity Pods, With Peter Tiboris
Nerd's Eye View
NOVEMBER 28, 2023
billion in assets under management for 1,377 client households. Regis hotel in New York to bring a new mindset to the firm about what it really means to provide a personalized client experience (and bind the client to the firm's brand, rather than to their specific advisor).
Startup 179
179 
The Latest Trends in Advisor Technology
Advisor Perspectives
DECEMBER 26, 2023
Advisors are being asked to provide their clients with a full suite of solutions, ranging from estate and tax planning to portfolio management, and everything in between. Clients are increasingly eager to gain access to fully customizable solutions that meet their individual needs.
Asset Allocation 105
105 
Yieldstreet Partners with Wilshire to Help Clients Build Diversified Private Market Portfolios
Wealth Management
MARCH 20, 2024
Wilshire’s experts will help Yieldstreet’s clients engage in new investment strategies and get access to investments sourced by an institutional advisor.
Clients 69
69 
Kitces & Carl Ep 106: Sharing ‘Real’ Examples Of Your Work To Show The Value Of Financial Planning
Nerd's Eye View
FEBRUARY 23, 2023
For most financial advisors today, a website is a critical tool that allows them to market their services and communicate their fees to potential clients. This can help prospects decide whether the working relationship would be a good fit for them and give them greater confidence in the value of hiring the advisor.
Adviser links: the paradox of Social Security
Abnormal Returns
OCTOBER 31, 2022
Podcasts Daniel Crosby talks with Tim Maurer about helping clients to articulate their life purpose in a practical way. ngpf.org) Fidelity Fidelity is expanding access to its direct indexing SMAs. advisorperspectives.com) The Coterie gives its users -- mostly startup founders -- investment access to venture funds.
Get talked about and attract unsolicited referrals
Million Dollar Round Table (MDRT)
MARCH 24, 2024
By Sandy Schussel Most financial advisors occasionally receive an unsolicited referral from a client or another professional. In a 2022 survey supervised by Julie Littlechild, of Absolute Engagement, her team determined that 98% of engaged clients had referred at least one new prospect to their advisor during the previous year.
Clients 84
84 
Planning For Adoption: Understanding Different Pathways And Their Costs, Tax Breaks, And Financial Assistance Available
Nerd's Eye View
AUGUST 2, 2023
Which means that financial advisors can play an important role in adoption planning – helping clients strategically plan for the costs involved in the process, including accessing tax credits that can significantly defray these expenses. At the same time, adoption can be expensive, with costs that can add up to $70,000 or more.
Taxes 217
217 
Revolutionizing Advanced Planning: How FP Alpha Automates Estate, Tax, and Insurance Planning
Wealth Management
FEBRUARY 14, 2024
FP Alpha is transforming financial planning with AI-driven automation and scenario modeling, making advanced planning accessible and efficient for advisors and their clients.
Planning 78
78 
Accelerating Firm Growth With A Niche: How I Built A $48M AUM Advisory Firm In 3 Years
Nerd's Eye View
MAY 29, 2023
One of the key decisions is determining the type of clients they want to serve. Some advisors may choose to take a generalist approach that leaves the door open to working with the broadest possible pool of prospective clients. When a financial advisor starts their own firm, they face many important choices.
Risk Tolerance 186
186 
Elements Offers Free Service to Start-Up Firms
Wealth Management
JANUARY 29, 2024
Advisors with fewer than four clients can now access Elements’ digital planning and prospecting platform for free.
Clients 92
92 
Kitces & Carl Ep 120: Is It Really Harder To Scale A Small RIA Today Or Are Firms Just Navigating The Growth Treadmill
Nerd's Eye View
SEPTEMBER 7, 2023
In our 120th episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards discuss the challenges that small to mid-size RIAs face when trying to scale and grow and how the pressures of competing with larger firms can affect those endeavors.
Clients 192
192 
Sunday links: household finances
Abnormal Returns
SEPTEMBER 17, 2023
Finance Goldman Sachs ($GS) want to sell HNW clients a piece of a sports franchise. bostonreview.net) Why so few people are able to access substance abuse treatment. frontofficesports.com) Why seed stage valuations haven't dropped as much as you would think. hunterwalk.com) Fund management How securities lending works.
Kitces & Carl Ep 97: Talking Clients Down From Making Politically Motivated Portfolio Changes
Nerd's Eye View
OCTOBER 20, 2022
In recent years, politically charged topics have become the forefront of news and media, and with the rise of access to digitally distributed media, it has become commonplace for clients to have concerns about the possible impact of political events on their portfolios.
Portfolio 190
190 
MiB: Kristen Bitterly Michell, Citi Global Wealth
The Big Picture
SEPTEMBER 10, 2022
This week, we speak with Kristen Bitterly Michell, Head of North American Investments for Citi Global Wealth, which manages $800 billion in client assets. Prior to joining Citi, she led structured product sales to Latin American investors at Credit Suisse and provided structured derivative solutions to private investor clients at JPMorgan.
Financial Advice 186
186 
AllianceBernstein Offers Banks Funding in Return for Clients
Wealth Management
NOVEMBER 10, 2023
AllianceBernstein is offering funding to lenders — enabling the banks to keep their most prestigious clients sweet — in return for a cut of the fees and access to their client contact books.
Banking 78
78 
Let's personalize your content