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Over the past decade, a growing number of advisors have expanded into offering comprehensive financialplanning services, reflecting a shift that not only helps them stand out from (increasingly commoditized) portfolio management offerings but also supports clients' broader financial goals.
"How much can I spend in retirement?" is perhaps the most fundamental question a client brings to their advisor. Advisors want to help clients set a secure, reliable retirementplan, yet even the most comprehensive assumptions will inevitably deviate from reality at least to some degree.
Many financial advisory clients might work for 40 years or more, ideally seeing their income – and capacity to save for retirement – increase over time as they advance in their careers. Still others, including adherents of the Financial Independence Retire Early (FIRE) movement, may hope to retire even sooner.
Retirement has long been associated with leisure, relaxation, and winding down from a long career. In this guest post, Kathleen Rehl, a "ReFired" financial advisor and educator in legacy planning, shares a framework to help advisors guide clients through this transition using a more expansive "ReFirement" lens.
Travis is the founder of Student Loan Planner, an RIA and student loan consulting company based in Chapel Hill, North Carolina that serves nearly 1,400 households with ongoing financialplanning (as well as consulting with over 15,000 clients on student loan debt).
It's natural for advisors to begin discovery meetings by asking questions about a client's current financial situation – understanding cash flow, debt, investments, risk tolerance, or even the burning tax concern that brought them to the advisor's door in the first place is crucial for financialplanning.
Mason received a 97-month prison sentence for defrauding clients of over $17 million. Mason, a former advisor who was barred from the industry, was sentenced to 97 months in prison and three years of supervised release for defrauding at least 13 advisory clients out of more than $17 million, according to the Department of Justice.
Yet, despite the important role that charitable giving can play, studies show that many advisors hesitate to bring up the topic with clients. Advisors may worry about overstepping boundaries or feel uncertain about a client's interest in philanthropy. These statements often stem from clients' life stories and core values.,
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent report finds that the number of SEC-registered RIAs, the assets that they manage, and the number of clients they serve all increased between 2023 and 2024 and suggests the industry is robust across the size spectrum, (..)
Some prospects approach an advisor with an immediate 'problem to be solved', such as a fast-approaching retirement date. I help clients in retirement by doing X, Y, and Z."). However, not all prospects have immediate financial concerns.
Seth is the founder of Heartwood FinancialPlanning, an advisory firm affiliated with PlanMember Securities Corporation that is based in Fresno, California, and oversees approximately $100 million in assets under management for 850 client households. My guest on today's podcast is Seth Scott.
For many financial advisors, an early planning conversation often includes asking clients to identify financial goals. Which can leave both client and advisor feeling stuck: The client doesn't have the motivation to act, and the advisor struggles to guide the plan forward in a way that connects.
As a result, financial advisors should start honing the services Gen X members will likely benefit from the most, including retirementplanning, estate and tax planning and mortgage refinancing. They also make up the second biggest client base for financial advisors after baby boomers. trillion annually.
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Congress has passed highly anticipated tax legislation, making 'permanent' (i.e.,
Michelle is the Founding Principal of Paradigm Advisors, an RIA based in Dallas, Texas, that oversees approximately $110 million in assets under management for 80 client households.
Advisors have a relatively brief window of time to communicate their value to prospective clients. Given how little time prospects spend evaluating their options, it's crucial to understand why people hire financial advisors and to communicate how their services address those drivers as clearly and effectively as possible. Read More.
In the early days of financialplanning, serving clients often meant developing transactional relationships focused on facilitating trades and selling insurance. Over time, advisors shifted toward more analytical approaches, such as investment management and retirementplanning.
It’s this unique vantage point, and depth of knowledge and empathy, plus a natural ability to “connect the dots” that have earned Jason the trust and respect of the industry’s most sophisticated financial advisors at one of the nation’s leading recruiting and consulting firms.
In recent years, financial advisors have increasingly embraced tax planning as a core element of delivering value to clients. Tax planning may involve discussing general tax rules, modeling hypothetical scenarios, or analyzing the tax impact of strategies for the client – without actually making concrete recommendations.
So far, I’ve written about AI notetaker Jump and its integration with the financialplanning application RightCapital , and the AI-powered financialplanning application and company Conquest Planning and its $80 million fund raise to help accelerate its U.S. It has become a challenge to keep up with new rollouts.
Kevin is the CEO of Connecticut Wealth Management, an RIA based in Farmington, Connecticut, that oversees approximately $4 billion in assets under management for 1,100 client households.
In fact, they may be the missing piece in your clients’ portfolios—and AssetMark is betting big on that future. Michael joined AssetMark in 2010 and has held a number of leadership positions, including Head of National Sales and Consulting, Chief Client Officer, and President (2021–Present).
This robust capability will provide independent advisors seamless access to the most trusted institutional funds, enhancing both advisor and client investment optionality,” Jalina Kerr, head of advisor experience for Schwab Advisor Services, said in a statement.
Daniel is the CEO of WMGNA, a hybrid advisory firm based in Farmington, Connecticut, that oversees approximately $270 million in assets under management for 200 client households.
Freelancing is liberating, but without a solid financialplan, it can also be unpredictable. As a freelancer, you juggle not only your craft but also your finances, taxes, and retirementplanning. That’s where financialplanning for freelancers comes in. Plan for taxes ahead of time 4.
billion in client assets to its independent advisor channel. group, led by Jak Cukaj, Neal Siena, Charles Camilleri and Brigitte Davison, join from Ameriprise Financial, and will establish three separate practices. They’re joined by advisors Adam Sloane and William Longing and client service managers Elissa Levy and Maura Fronio.
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artofmanliness.com) Ben Carlson talks about the state of the retirement savings market with Shawn O'Brien, Director of Retirement at Cerulli Associates. citywire.com) What's behind the surge in client churn at RIAs? advisorperspectives.com) Does risk tolerance change in retirement? signaturefd-3437664.hs-sites.com)
The financialplanning industry is constantly undergoing change. Financial advisors should take these factors into account to ensure their clients receive the right experience. This article will discuss some of the most pivotal financialplanning industry trends to watch out for this year.
We have a serious communication problem in the industry, and it can be really hard to get hold of clients,” he said, noting that with his technology, advisors can see their clients go to the app every day. Advisors can customize the application to convey pretty much any type of data or information clients or prospects might want.
Patrick Donachie , Senior Reporter , WealthManagement.com July 15, 2025 2 Min Read Kurt Brady / Alamy Stock Photo JPMorgan is urging a Nevada federal court to halt a former advisor’s alleged attempts to entice prior clients to join her at Wells Fargo. JPMorgan is asking for the TRO while the dispute is undergoing FINRA arbitration.
What Is FinancialPlanning and Why Does It Matter in a Crisis? Financialplanning begins with a thorough analysis of your short- and long-term financial situation, including all sources of income, your current spending patterns and debt, and your plans for the future. Plan for retirement.
manages about $300 million in client assets. Jacob William Advisory has proactively recruited next-generation advisors as part of its business continuity plan. Dixon-James launched Resilient Wealth Management in 2020 and now manages about $250 million in advisory, brokerage and retirementplan assets.
July 9, 2025 23 Slides START SLIDESHOW hudiemm/iStock/Getty Images A big industry focus these days is on organic growth; many stress that if advisors can crack the code and grow their client base, they can gain a competitive edge. New client AUM grew on average 7.5% in 2023, according to a study by Ensemble Practice and BlackRock.
At Wealth Management EDGE , I had the privilege of moderating a panel— “Work Smarter, Not Harder: AI’s Role in Operational Excellence” —where we talked about how artificial intelligence is already automating advisor workflows, transforming client meetings into structured insights, and reshaping the nature of operational roles within firms.
I’m occasionally asked where a client should be financially compared to others. Whether it’s savings, retirement funds, or net worth, understanding where you stand can provide valuable perspective on your financial progress. appeared first on MainStreet FinancialPlanning.
We will be launching their new client portal here shortly this summer. We have one firm that we acquired, GMAG , that uses Addepar, and it’s incredibly important to their client experience. The advisor experience and transitioning clients to their financialplanning portal are heavy lifts that directly impact the end client.
Mann, MBA, CFP I find that so many of my clients, regardless of income, have no idea how much money they are saving. Early in my career, this created quite the challenge in developing a proper plan. First, I would ask clients how much they were saving each year for retirement. Then I would present the plan to the client.
Misty is the owner of Sound View Financial Advisors, an RIA based in Walpole, Massachusetts, that oversees $46 million in assets under management for approximately 100 client households.
Alex Ortolani , Senior Reporter , WealthManagement.com July 15, 2025 3 Min Read Cory Nakamura, chief investment strategist at Mosaic Pacific Creative Planning Adds $430M Hawaii-based RIA Creative Planning, the mega-registered investment advisor based in Overland Park, Kan. , " The deal is Creative Planning’s 13th in two years.
Is a Roth Conversion Worth It for All Clients? We were skating where the puck was going in our industry and looking at how we could be more nimble and flexible for our clients,” Hack said. It also specializes in intergenerational wealth transfer, business succession and legacy planning.
billion in client assets, expanding Steward’s presence in the Bay Area. Its affiliate company, Simplex Wealth Management, serves clients with $1 million or more in assets. based Moore’s Wealth Management , a father-and-sons team that, under founder Scott Moore, has grown to $700 million in client assets.
The Best Content for Financial Advisors to Attract Clients in 2025 Does your blog feel stale? That might be why you’re not attracting new clients. Here’s content for financial advisors that’s actually working—and how to make it easier. What makes video so effective for financial advisors?
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