Wealth Management

JULY 5, 2023

Advisors who said they don't have enough time with their clients spend an average 41% more time every month than peers on compliance, administrative and other “non-value-added” tasks, according to a new J.D. Power survey.

Compliance 120

Compliance Clients 120

BlueMind

JULY 15, 2022

Category: Compliance. The Significance Of Financial Compliance Financial compliance requires all actions, procedures, guidelines, and business culture to abide by the rules and regulations set by the regulatory authorities of the financial market. Pressuring a client to buy or sell securities that are not in their best interest.

Compliance 98

Compliance Financial Advisor Certified Financial Planner Clients 98

Sara Grillo

FEBRUARY 23, 2024

Question from a subscriber: “Compliance is impossible to get my content through. My financial advisor compliance department take forever and nitpick every little thing!” If you steer clear of the obvious violations, it’s actually pretty easy to get your content approved by your compliance officer.

Compliance 52

Compliance Financial Advisor Media Clients 52

Nerd's Eye View

NOVEMBER 22, 2023

This moves the deal into the closing period, where the transaction can be publicly announced and any closing conditions must be met (such as obtaining consent from the seller’s clients to transition to the new owner). Only then can the new owner begin the work of integrating processes and systems and serving their new clients.

Compliance 180

Compliance Sales Financial Advisor Financial Planning 180

Abnormal Returns

OCTOBER 16, 2023

Podcasts Brendan Frazier talks with Meghaan Lurtz about re-engaging with existing clients. riabiz.com) Compliance Compliance is one of the biggest concerns of advisers. thinkadvisor.com) AI tools are coming for the compliance function. citywire.com) RIA M&A volume has picked up of late.

Compliance 221

Compliance Financial Planner Financial Advice Investment Advisor 221

Wealth Management

JANUARY 9, 2024

Sander Ressler's Vidiance aims to deliver client testimonials compliant with SEC marketing rules.

Consulting 108

Consulting Compliance Marketing Marketing 108

Nerd's Eye View

MAY 1, 2024

A little over 20 years ago, when the Internet was still just a few years into gaining widespread use, the SEC understood its potential to transform how financial advisory firms conducted business with the ability to deliver advice digitally, lowering the barriers to serve clients across the country.

Investing 189

Investing Investments Compliance Clients 189

Nerd's Eye View

APRIL 22, 2024

Notably, different affiliate platforms have different payout rates; those that pay out the most (and thus have the lowest fees) tend to cover relatively few functions such as compliance and technology, while those that pay out the least (and therefore have the highest fees) cover a significant amount of the advisor's overhead costs.

Compliance 207

Compliance Clients Financial Advisor Management 207

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 203

Compliance Valuation Financial Advisor Clients 203

Advisor Perspectives

MARCH 13, 2024

There’s a lot of discussion about why prospects hire you, why they don’t follow your advice, and the value you add. Much of this discussion isn’t based on research, which is curious because there are studies on each subject.

Compliance 64

Compliance Clients 64

Abnormal Returns

NOVEMBER 7, 2022

standarddeviationspod.com) Compliance Jason Zweig, "In 30 years of writing about the financial-advice industry, I never learned that advisers can provide less-comprehensive disclosures than stockbrokers." wsj.com) Advisers are scrambling to get into compliance with new advertising rules. thinkadvisor.com).

Compliance 266

Compliance Wealth Management Advertising Financial Advice 266

Advisor Perspectives

MARCH 27, 2024

By staying compliant, you protect not only your clients but also the integrity and trustworthiness of your practice.

Compliance 64

Compliance Marketing Marketing Clients 64

Harness Wealth

NOVEMBER 27, 2023

Within the accounting profession, Client Accounting Services (CAS) has emerged as a pivotal offering for entrepreneurial CPAs wishing to help their clients with more than just annual tax filings. Table of Contents What are Client Accounting Services (CAS)? What are Client Accounting Services (CAS)?

Accounting 59

Accounting Clients Compliance Taxes 59

Nerd's Eye View

MAY 3, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study indicates that nearly a third of advisors in the independent broker-dealer channel have considered transitioning to the RIA channel during the past year as they seek higher payouts and not just "independence" but (..)

Financial Planner 186

Financial Planner Healthcare Retirement Financial Advisor 186

Abnormal Returns

JULY 10, 2023

(larrykotlikoff.substack.com) The biz Goldman Sachs ($GS) has snagged another custodian client, NewEdge Wealth. investmentnews.com) Compliance There's no winning the cybersecurity war, just stalemate. financial-planning.com) Advisers don't like spending time on administrative and compliance issues.

Compliance 207

Compliance Recruitment Wealth Advisor Financial Planning 207

Brown Advisory

APRIL 13, 2022

Expats: Tax Compliance mhannan Wed, 04/13/2022 - 06:37 We help U.S.-connected connected clients living in the U.K. Topics we plan to cover in this series are: Tax Compliance Problematic assets Trusts Roles and responsibilities Transatlantic marriages U.S./U.K. tax net In this post, we tackle tax compliance. tax systems.

Compliance 52

Compliance Taxes Accounting Investment Planning 52

Nerd's Eye View

JULY 14, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that while the new social media app Threads, designed to compete with Twitter, has surpassed 100 million users in its first week alone, its potential utility for advisors remains unclear and has raised compliance concerns for advisors (..)

Financial Planner 209

Financial Planner Compliance Media Retirement Planning 209

Nerd's Eye View

FEBRUARY 16, 2024

Which suggests that while advisors might be hesitant to publish their fees on their website before being able to meet face-to-face with prospects, doing so (and linking the fees to the value proposition they offer their ideal clients) could help certain consumers overcome their reluctance and start the process to becoming clients!

Financial Planner 209

Financial Planner Fee Only Compliance CFP 209

Nerd's Eye View

FEBRUARY 1, 2023

Financial advisors who pay third parties to solicit or refer prospective clients to generate new business have historically been subject to the SEC’s Cash Solicitation Rule. These requirements include ensuring that promoters are eligible to receive compensation for testimonials or endorsements (i.e.,

Compliance 165

Compliance Advertising Marketing Marketing 165

Abnormal Returns

JULY 17, 2023

Podcasts Michael Kitces talks with Thor McIlrath of McIlrath & Eck about rotating client coverage. standarddeviationspod.com) Charles Schwab Charles Schwab ($SCHW) clients with $1 million in assets now are automatically enrolled in one of its private wealth management programs.

Wealth Management 224

Wealth Management Compliance Engineering Clients 224

Abnormal Returns

OCTOBER 23, 2023

Podcasts Daniel Crosby talks with Saundra Davis on how to effectively meet clients where they are. investmentnews.com) Compliance How to conduct and document an annual compliance review. standarddeviationspod.com) Michael Kitces and Carl Richards discuss the potential downside of specialized practices.

Compliance 157

Compliance Estate Planning Financial Advice Financial Advisor 157

The Big Picture

MAY 20, 2023

The firm manages about $145 billion in client assets and is the world’s largest publicly traded hedge fund. Previously she was COO, General Counsel, Chief Administrative Officer, and Global Head of Legal and Compliance. Before joining the firm in 2010 as Chief Compliance Officer for Man GLG, Robyn held Sr.

Compliance 300

Compliance Communication Government Banking 300

Nerd's Eye View

NOVEMBER 2, 2022

But by being aware of the varying requirements and filing documents in an accurate and timely manner, new firms can navigate their way through the registration process and (finally) begin offering planning services to clients! Notably, along with certain standardized forms (e.g., Read More.

Compliance 130

Compliance Investing Investments Government 130

Nerd's Eye View

DECEMBER 27, 2023

Financial advisors have a fiduciary obligation to act in their clients' best interests, and at the same time are prohibited by state and SEC rules from making misleading statements or omissions about their advisory business.

Financial Advice 186

Financial Advice Communication Compliance Clients 186

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 186

Financial Planner Retirement Planning Financial Advisor Retirement 186

Abnormal Returns

MARCH 6, 2023

Podcasts Christine Benz and Jeff Ptak talk with Stacy Francis who is president and CEO of Francis Financial about working with female clients. morningstar.com) Brendan Frazier talks with Ted Klontz about how to better motivate, communicate and connect with clients and prospects.

Compliance 144

Compliance Wealth Management CFP Financial Advice 144

Advisor Perspectives

MARCH 5, 2024

The SEC's dysfunctional process doesn’t benefit or protect clients.

Compliance 69

Compliance Clients 69

Nerd's Eye View

FEBRUARY 2, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a Morningstar survey has found that financial advisory clients are more likely to stick with their advisor for emotional reasons rather than investment returns alone.

Financial Planner 203

Financial Planner Compliance CFP Clients 203

Nerd's Eye View

JANUARY 30, 2024

Tim is the founder of Goodwin Investment Advisory, an RIA based in Woodstock, Georgia, that oversees $275M in assets under management for 370 client households. return in new onboarded client revenue for every $1 spent in marketing. return in new onboarded client revenue for every $1 spent in marketing.

Financial Advisor 186

Financial Advisor Clients Compliance Engineering 186

Nerd's Eye View

JUNE 23, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that amid a flurry of SEC-proposed rules for investment advisers, the Investment Adviser Association this week called on the regulator to assess whether the compliance burden these regulations would put on advisers outweighs (..)

Financial Planner 217

Financial Planner Recruitment Compliance Financial Advisor 217

Wealth Management

FEBRUARY 5, 2024

Some compliance experts took issue with a recent Michael Kitces podcast that appeared to endorse a marketing strategy that includes soliciting and reposting clients’ Google reviews.

Compliance 94

Compliance Clients Marketing Marketing 94

Abnormal Returns

JUNE 26, 2023

wiredplanning.com) Daniel Crosby talks with advice non-compliance with Derek Hagen who is the founder of Money Health Solutions. wsj.com) Advisers Don't discount the role of emotional factors in driving adviser adoption by clients. Podcasts Ashby Daniels talks about turning vague customer desires into clear goals.

Wealth Management 229

Wealth Management Compliance Retirement Management 229

Nerd's Eye View

AUGUST 5, 2022

How the proposed “Inflation Reduction Act” will impact financial advisors and their clients. Why state long-term care insurance programs are driving demand for private policies, and the implications of these programs for advisors and their clients. How advisors can support clients in choosing a Medigap policy.

Financial Planner 183

Financial Planner Compliance Insurance Financial Advisor 183

Nerd's Eye View

MARCH 6, 2023

Which at best will still be a substantial uphill battle, given the hassle of switching from one financial planning platform to another (and the fact that most advisors are generally satisfied with their current financial planning software in the first place!).

Compliance 191

Compliance Financial Planning Planning Financial Advisor 191

Nerd's Eye View

MAY 5, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a "small entity" to reduce the compliance burden on small businesses, (..)

Financial Planner 188

Financial Planner Financial Services Electronics Compliance 188

Nerd's Eye View

NOVEMBER 1, 2022

Mindy is the owner of Creative Money, an independent RIA based in Seattle, Washington, that offers a unique 12-month financial planning engagement – or as Mindy puts it on her homepage, “financial planning that doesn’t suck” – which has allowed her firm to work with nearly 400 client households just this year.

Fee Only 130

Fee Only Clients Financial Planning Financial Advisor 130

XY Planning Network

DECEMBER 18, 2023

From RIA compliance best practices to using behavioral marketing tactics to get more clients, this list is loaded with one helpful resource after another to send you into 2024. Over the past year, we've published articles written with one purpose in mind: to help independent financial advisors be successful.

Financial Advisor 99

Financial Advisor Compliance Clients Marketing 99