Abnormal Returns

MAY 13, 2024

riabiz.com) Archive Intel has entered the adviser communications archiving space. blogs.cfainstitute.org) How life events affect retirement planning. wealthmanagement.com) Why 4% retirement withdrawal rates are still a thing. thinkadvisor.com) Advisers can play a key role in helping clients deal with rising college costs.

Math 228

Math Retirement Planning Financial Advice Communication 228

FMG

APRIL 12, 2023

Client communication is easily one of the most crucial elements of a successful business. Being able to efficiently and effectively communicate with clients can be the difference between satisfied customers and scathing reviews. Now, here are 4 tips for creating your communication strategy.

Communication 52

Communication Financial Advisor Clients Financial Planning 52

Nerd's Eye View

NOVEMBER 2, 2023

Many financial advisors have found that serving a client niche not only helps them run a more efficient firm (as they work with clients facing similar planning issues), but also attracts more new clients (as they are able to offer a unique value proposition for clients within the niche).

Clients 188

Clients Retirement Planning Financial Advisor 188

Nerd's Eye View

JULY 27, 2022

While an advisor needs technical financial planning knowledge to create and implement plans for clients, soft skills that involve effective communication and relationship building are also crucial to both relate to prospects and clients and to understand their needs. Notably, the goal-development process is not a quick one.

Financial Planning 238

Financial Planning Planning Clients Retirement 238

Nerd's Eye View

MAY 10, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners"– this week's edition kicks off with the news that a recent analysis from Morningstar suggests that the Department of Labor's (DoL's) new Retirement Security Rule (aka Fiduciary Rule 2.0)

Financial Planner 225

Financial Planner Retirement Planning Retirement Valuation 225

Nerd's Eye View

JULY 27, 2022

While an advisor needs technical financial planning knowledge to create and implement plans for clients, soft skills that involve effective communication and relationship building are also crucial to both relate to prospects and clients and to understand their needs. Notably, the goal-development process is not a quick one.

Financial Planning 233

Financial Planning Planning Clients Retirement 233

Nerd's Eye View

MARCH 22, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC has recently been cracking down on firms for recordkeeping failures related to electronic communications, including their use of text messaging with prospects and clients.

Financial Planner 235

Financial Planner Communication Electronics Retirement 235

Million Dollar Round Table (MDRT)

OCTOBER 5, 2023

By Clay Gillespie, CFP, CLU There are myriad ways to prepare clients for a fulfilling retirement. Clients accumulate assets for many years in the hope of retiring and living comfortably, but that’s only part of it. Explain this to clients as you guide them through the process.

Retirement 89

Retirement Clients CFP Assets 89

Nerd's Eye View

OCTOBER 6, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the (..)

Financial Planner 245

Financial Planner CFP Certification Communication 245

Nerd's Eye View

JANUARY 10, 2024

In initial discovery meetings, financial advisors face the challenge of eliciting specific goals from new clients – a crucial step for crafting a comprehensive financial plan. Read More.

Clients 230

Clients Financial Advisor Financial Planning Retirement 230

Million Dollar Round Table (MDRT)

OCTOBER 1, 2023

By Mike Beirne, MDRT Round the Table editor As there are many types of clients in a range of demographics, there also are a variety of ways to communicate with them. Allocating retirement planning I introduce asset allocation with clients by dividing retirement life into two parts: basic life and high-quality life.

Clients 78

Clients Asset Allocation Retirement Planning Transportation 78

Nerd's Eye View

JANUARY 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news of a survey indicating that about 90% of financial advisors would switch firms based on bad technology at their current firm, and that 44% have already done so.

Financial Planner 210

Financial Planner Retirement Planning Financial Advisor Retirement 210

Abnormal Returns

FEBRUARY 12, 2024

Podcasts Brendan Frazier talks with Sten Morgan, the founder of Legacy Investment Planning, about better communicating with clients. investmentnews.com) Lifetime income Americans need more help managing retirement income. thinkadvisor.com) Five steps to create a paycheck in retirement. thinkadvisor.com)

Wealth Management 186

Wealth Management Retirement Communication Investment Planning 186

Nerd's Eye View

APRIL 30, 2024

Troy is the Founder and CEO of Oak Harvest Financial Group, an RIA based in Houston, Texas, that oversees approximately $750 million in assets under management for about 1,000 client households.

Financial Advisor 212

Financial Advisor Clients Retirement Planning 212

Nerd's Eye View

OCTOBER 12, 2022

Prospective clients often approach a financial advisor because they have a problem. Perhaps they are approaching retirement and do not know whether their current path is financially sustainable, or maybe they have a complicated equity compensation problem to sort through. What have you not done, but have always wanted to do?)

Clients 216

Clients Financial Planning Financial Advisor Retirement 216

Abnormal Returns

SEPTEMBER 4, 2023

Podcasts Jason Wenk and Dasarte Yarnway talk about how to approach client meetings. theadvisorjourney.com) Brendan Frazier talks about the challenge of retirement spending with Morningstar's Christine Benz. citywire.com) Why retiring advisers often have second thoughts. Then explain how you will address them."

Estate Planning 215

Estate Planning Financial Planning Retirement Planning 215

Abnormal Returns

OCTOBER 30, 2023

Podcasts Brendan Frazier talks with Jake Northrup of Experience Your Wealth about how he infuses the human side to help clients live their ideal life. wsj.com) Family Communication is important for every family, but especially for the wealthy. kitces.com) Why formal retirement plans provide clients with additional confidence.

Wealth Management 214

Wealth Management Financial Advising Retirement Planning Financial Advice 214

Million Dollar Round Table (MDRT)

AUGUST 18, 2022

By Bryson Milley, CFP, CIM One of the questions I’m most asked by retiring clients is, “How do I manage my investments once I’m retired?” While I could give them all the technical information and thought processes behind it, that may not help the client understand. Constructing buildings and portfolios.

Retirement 83

Retirement Clients Investing Investments 83

Indigo Marketing Agency

JANUARY 25, 2022

But as a financial advisor, how should you communicate with your clients about market volatility? And can you use the events to find opportunities to get new clients? But your clients are likely nervous about the recent market volatility and may want to hear from you. Why You Should Communicate During Volatility.

Communication 52

Communication Clients Marketing Marketing 52

Nerd's Eye View

DECEMBER 14, 2023

In our 127th episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards delve into Carl's latest project – the "50 Fires" podcast. While conversations between financial advisors and their clients often focus on the quantitative aspects of a client's financial life (e.g.,

Financial Advisor 210

Financial Advisor Communication Clients Financial Planning 210

Investment Writing

MAY 21, 2024

Many investment and financial advisors have older clients who struggle with decluttering as they prepare to downsize. I hope these steps help your clients—and maybe even you—declutter and create a legacy. The post Help your downsizing clients create their legacy appeared first on Susan Weiner Investment Writing.

Clients 111

Clients Commission Financial Advisor Sales 111

WiserAdvisor

SEPTEMBER 20, 2023

In retirement planning, the concept of vesting is more than a contractual formality; it serves as a retention tool that incentivizes employees to remain with their employer for a certain period. You may consult with a financial advisor to understand vested balances in detail and how you can maximize them to boost your retirement savings.

Accounting 100

Accounting Retirement Retirement Planning Planning 100

Nerd's Eye View

AUGUST 10, 2022

When financial planning clients think about their future, they might imagine a relaxing retirement, world travel, or other pleasant experiences. And using this perspective, advisors can add value for clients by helping them prioritize their goals and explore whether their current behaviors match their desired outcomes.

Clients 183

Clients Planning Management Financial Planning 183

Abnormal Returns

MARCH 20, 2023

Podcasts Brendan Frazier talks with Deirdre Van Nest about communicating with clients in an emotionally-compelling way. citywire.com) Retirement Spending in retirement is a dynamic process. marknewfield.substack.com) Advisers need to be able to help clients with cash management. What comes next?

Estate Planning 192

Estate Planning Retirement Communication Financial Planning 192

Nerd's Eye View

DECEMBER 21, 2022

Monte Carlo simulations have become the dominant method for conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. One key nuance to the use of Monte Carlo simulations is whether they are being used as part of a one-time plan versus an ongoing planning process.

Financial Planning 246

Financial Planning Planning Retirement Portfolio 246

Nerd's Eye View

MAY 6, 2024

This month's edition kicks off with the news that self-directed retirement planning software provider NewRetirement has raised a $20M Series A round as the company demonstrates that its DIY tools really do turn a subset of consumers into bona fide prospects for financial advisors.

Financial Advisor 165

Financial Advisor Retirement Planning CFP Clients 165

Nerd's Eye View

APRIL 18, 2024

For over a decade, the financial advice industry has been bracing for an "any-minute-now" tsunami of advisor retirements and concomitant sales of financial planning practices. The primary risks when selling an advisory firm are that the deal may fall through, and existing clients may choose to leave the firm.

Planning 130

Planning Valuation Sales Clients 130

eMoney Advisor

JANUARY 24, 2023

A financial plan should be an accurate reflection of a client’s truest vision for their future. Creating a financial plan that maps closely to a client’s values and goals requires quite a bit of work—mostly in getting to the heart of what really matters to them. But how do you find just the right report for each client?

Clients 82

Clients Financial Planning Retirement Financial Planner 82

Nerd's Eye View

APRIL 4, 2024

Advisor Metrics, Cerulli Associates predicts that 37.5% (or nearly 110,000) of financial advisors will retire over the next 10 years. Which, in turn, has prompted some to wonder if firm owners have a specific obligation to their profession to hire and train next-gen talent. Read More.

Financial Planner 209

Financial Planner CFP Professional Services Financial Planning 209

Nerd's Eye View

NOVEMBER 1, 2023

There are many tax planning strategies that allow financial advisors to demonstrate the ongoing value they provide to clients in exchange for the fees they charge. The backdoor Roth strategy can be valuable for clients whose high income levels preclude them from making regular contributions to a Roth IRA. Read More.

Taxes 244

Taxes Accounting Clients Retirement Planning 244

Nerd's Eye View

NOVEMBER 21, 2022

A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client.

Financial Planning 196

Financial Planning Planning Estate Planning Clients 196

Nerd's Eye View

OCTOBER 21, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass a series of changes affecting retirement planning, dubbed “SECURE ACT 2.0”, ”, by the end of the year. Social Security COLA for 2023.

Financial Planner 167

Financial Planner Retirement Planning Retirement Insurance 167

Abnormal Returns

AUGUST 1, 2022

(standarddeviationspod.com) Sequence of returns Some strategies to mitigate sequence of returns risk, including 'retire slowly.' citywireusa.com) Retirement Retirees are worrying about the wrong stuff. citywireusa.com) Retirement Retirees are worrying about the wrong stuff. wsj.com) What sort of spending makes clients happy.

Retirement 130

Retirement Distribution Communication Financial Planning 130

WiserAdvisor

APRIL 12, 2024

The time and attention they can dedicate to each client is a significant contributor to their effectiveness. As such, determining the optimal financial advisor-to-client ratio is crucial for ensuring that advisors can devote sufficient resources to understand, strategize, and support their clients effectively.

Financial Advisor 52

Financial Advisor Clients Numbers Management 52

Nerd's Eye View

FEBRUARY 28, 2024

Initial outreach to a financial advicer rarely (if ever) results from a prospective client waking up in the middle of the night in a cold sweat because they just figured out that they're in desperate need of a comprehensive financial plan.

Planning 232

Planning Financial Advice Financial Planning Clients 232

Million Dollar Round Table (MDRT)

NOVEMBER 27, 2022

Try these three ideas when working with clients to take you to the next level in your career. I can embed this into my website, and my marketing team can send the link out to our clients, so they can schedule to meet when it is most convenient for them. How am I growing to help my clients to grow their results? Better booking.

Clients 72

Clients Wealth Management Financial Advisor Communication 72

Nerd's Eye View

SEPTEMBER 21, 2022

So for advisors, it may be worth exploring whether there is anything to be learned from Ramsey's approach to financial advice – even if they may disagree on the details, advisors may find in Ramsey's advice a new and perhaps better way to communicate with (and motivate) clients. Read More.

Financial Planning 244

Financial Planning Planning Financial Advice Clients 244