Nerd's Eye View

JANUARY 31, 2025

Also in industry news this week: While RIA M&A deal flow hit record levels in 2024 (both in terms of volume and the speed of completing them), firm valuations saw relatively modest gains In its latest annual regulatory oversight report, FINRA joined the SEC in flagging the potential risks to firm and client data from the use of third-party vendors (..)

Financial Planner 245

Financial Planner Retirement Planning Compliance Valuation 245

Darrow Wealth Management

FEBRUARY 9, 2025

The idea of living off dividends in retirement sounds nice, but investors often don’t realize how much money they’ll need invested to generate enough income from dividends to cover lifestyle expenses. You may need more money than you think to retire on dividends. Retire on dividends?

Retirement 85

Retirement Asset Allocation Taxes Portfolio 85

Don Connelly & Associates

DECEMBER 16, 2024

Whether planning for retirement, investing in volatile markets, or managing tax implications, clients are often presented with intricate information that can leave them overwhelmed, confused, and anxious, undermining their ability to make informed decisions.

Communication 52

Communication Financial Advisor Clients Financial Planning 52

Wealth Management

SEPTEMBER 30, 2024

Private bankers and retirement planners will increasingly use AI to invest and even communicate, but the human element will always be crucial.

Financial Advisor 277

Financial Advisor Communication Retirement Investments 277

Nerd's Eye View

JANUARY 22, 2025

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."). These situations often narrow the focus of the prospecting conversation, giving the advisor a clear opportunity to affirm their value (e.g., "I

Financial Advice 239

Financial Advice Financial Planning Retirement Clients 239

Nerd's Eye View

NOVEMBER 26, 2024

What's unique about Kevin, though, is how his firm has built a systematized internal advisor training program to efficiently onboard young new talent straight out of college, maintaining a strong advisory talent pipeline as his firm has grown to $4 billion in AUM through both organic growth and acquisitions of retiring advisors (whose clients can be (..)

Wealth Management 246

Wealth Management Financial Advisor Clients Planning 246

Nerd's Eye View

JUNE 18, 2025

This shift reflects the reality that taxes permeate virtually every financial decision clients make – whether related to investing, retirement, business structure, or charitable giving – and often represent one of the largest expenses faced by clients over their lifetime. Read More.

Taxes 146

Taxes Tax Planning Communication Planning 146

Nerd's Eye View

AUGUST 16, 2024

Notably, this announcement included the first off-channel communication case brought by the SEC as a result of a referral from an RIA exam, which could lead examiners to focus on off-channel communications during regular RIA examinations.

Financial Planner 246

Financial Planner Communication Retirement Commission 246

Nerd's Eye View

MAY 2, 2025

a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading! a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading!

Financial Planner 179

Financial Planner CFP Financial Advisor Retirement 179

Nerd's Eye View

JULY 25, 2024

About a decade or so ago, one of the most pressing issues facing the financial advice industry was the threat of an imminent deluge of advisor retirements coupled with a paucity of succession plans to transition clients to the next generation.

Communication 171

Communication Clients Financial Planning Financial Advice 171

Abnormal Returns

JULY 22, 2024

citywire.com) Retirement A Q&A with Wade Pfau about the challenges of spending in retirement. thinkadvisor.com) Why staggered retirements make a lot of sense. fastcompany.com) Advisers Off-channel communications surpassed marketing as the leading compliance concern for RIAs.

Compliance 261

Compliance Retirement Communication Consulting 261

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. (riabiz.com) Creative Planning is exploring its custody options.

Math 282

Math Retirement Planning Financial Advice Retirement 282

Nerd's Eye View

JULY 26, 2024

Also in industry news this week: While the number of RIA M&A deals has not surged in 2024, the average size of deals has increased, demonstrating interest from (often private-equity-backed) firms in pursuing larger targets Off-channel communication tops the list of concerns amongst RIA compliance professionals, with advertising and marketing coming (..)

Financial Planner 246

Financial Planner Retirement Communication Financial Advisor 246

Nerd's Eye View

APRIL 9, 2025

For instance, rather than starting a conversation by asking, "How much do you need for retirement?" which focuses a client on numbers and the possibility that they might not have saved enough), an advisor might instead ask, "What does an ideal retirement look like for you?"

Clients 198

Clients Financial Planning Risk Tolerance Planning 198

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner 246

Financial Planner Commission Communication Financial Advisor 246

Nerd's Eye View

SEPTEMBER 13, 2024

Also in industry news this week: A CFP Board study indicates that financial planners with the certification earn 10% more than other advisors and show very high levels of career satisfaction A Morningstar study has identified 4 main areas where investors find value from their financial advisors, which might not match an advisor's own list of top ways (..)

Financial Planner 246

Financial Planner Compliance Fee Only Communication 246

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 246

Financial Planner Retirement Communication Electronics 246

Abnormal Returns

SEPTEMBER 4, 2023

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. thinkadvisor.com) UHNW individuals don't want to talk about traditional retirement. Then explain how you will address them."

Estate Planning 260

Estate Planning Retirement Financial Planning Planning 260

Nerd's Eye View

OCTOBER 6, 2023

Also in industry news this week: A new advisor benchmarking study indicates that high-growth firms are excelling in 3 areas: client acquisition, "relationship alpha", and strategic scale A recent survey indicates that while advisors increasingly are leveraging home office investment models to save time and scale more efficiently, they often customize (..)

Financial Planner 246

Financial Planner CFP Certification Communication 246

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.

Wealth Management 257

Wealth Management Retirement Communication Investment Planning 257

The Big Picture

MARCH 20, 2025

The latter is crucial exactly due to Ritholtzs empirically correct view that one neednt be a great or market-beating investor to have a happy retirement as much as one must avoid the errors that sap the genius of compound returns. Slow and steady wins the race, or something like that. Put another way, Ritholtz is fun.

Investments 147

Investments Investing Communication Retirement 147

Nerd's Eye View

OCTOBER 5, 2023

For many financial advisors, financial planning advice traditionally focuses on optimization: tax-efficient, continually rebalanced portfolios are often designed to maximize a client's wealth throughout retirement. taking a sabbatical, using a reverse mortgage to fund a dream goal, transitioning their work/life balance).

Clients 246

Clients Financial Planning Communication Financial Advisor 246

Nerd's Eye View

JANUARY 26, 2024

Also in industry news this week: A House committee has advanced a bill that would extend several expired business-related tax measures from the Tax Cuts and Jobs Act and would increase the value of the Child Tax Credit The SEC released its examination priorities for 2024, which include a focus on advisers' adherence to their duty of care and duty of (..)

Financial Planner 246

Financial Planner Retirement Planning Financial Advisor Retirement 246

Abnormal Returns

OCTOBER 30, 2023

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. (kitces.com) AI How recommendation engines could work in wealth management. riaintel.com) How AI will play a role in the provision of financial advice.

Wealth Management 260

Wealth Management Retirement Planning Financial Advising Financial Advice 260

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. wiredplanning.com) Daniel Crosby talks with Emily Koochel about defining and seeking financial wellness. What comes next?

Estate Planning 245

Estate Planning Retirement Communication Financial Planning 245

Nerd's Eye View

AUGUST 30, 2024

Nonetheless, given that adding services requires an investment on the part of the firm (often in the form of increased staffing to offer high-touch services and add needed expertise), firms appear to be analyzing the costs and benefits of offering these services in-house versus adding value to clients by referring them to trusted professionals in these (..)

Financial Planner 241

Financial Planner Financial Advisor Retirement Clients 241

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 246

Financial Planner Retirement Planning Retirement Valuation 246

Abnormal Returns

SEPTEMBER 5, 2022

thinkadvisor.com) All communication is lossy, so act accordingly. advisorperspectives.com) How Covid affected retirement decisions. (citywireusa.com) Conversations Fee conversations should be part of a client relationship from the get-go. aworkinglibrary.com) Advisers Financial stress has a big impact on mental health.

Wealth Management 245

Wealth Management Communication Retirement Clients 245

Nerd's Eye View

SEPTEMBER 1, 2023

Also in industry news this week: A legal challenge to FINRA's operations as a self-regulatory organization has the potential to upend the current regulatory system for broker-dealers and their registered representatives A recent study indicates that while many consumers appear confident handling their finances on a 'DIY' basis during their careers, (..)

Financial Planner 246

Financial Planner Strategic Planning Retirement Planning Retirement 246

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 234

Financial Planner Retirement Planning Retirement Insurance 234

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. Financial planning is both an art and a science.

Financial Planning 246

Financial Planning Planning Clients Retirement 246

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. Financial planning is both an art and a science.

Financial Planning 246

Financial Planning Planning Clients Retirement 246

Nerd's Eye View

APRIL 29, 2025

So, whether you're interested in learning about building a sustainable next-gen service offering, effectively setting (and communicating) a minimum fee to ensure profitability, or marketing through content creation, then we hope you enjoy this episode of the Financial Advisor Success podcast, with Gideon Drucker.

Clients 130

Clients Financial Advisor Planning Assets 130

Nerd's Eye View

OCTOBER 4, 2024

Also in industry news this week: A recent survey found that while 1/3 of advisory firms are currently using AI tools, another 1/3 are fearful of doing so, indicating that while some firms are eager to be early adopters of this technology, others are taking a wait-and-see approach, perhaps as regulation surrounding this technology evolves over time (..)

Financial Planner 246

Financial Planner Retirement Planning Clients Retirement 246

Nerd's Eye View

MARCH 21, 2024

Yet, for some clients, making the shift into retirement (or any other new stage of their lives) can often be a challenge for myriad reasons, which places the advisor in a unique position to help these clients understand the roadblocks they face and explore ways to overcome these obstacles.

Clients 246

Clients Financial Planning Financial Advice Retirement 246

Wealth Management

JUNE 20, 2025

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. I demonize email because email is holding this industry back,” Fields said in a hallway off the exhibit floor near the hotel kitchens. “We

Wealth Management 147

Wealth Management Management Financial Advisor Clients 147

Wealth Management

JUNE 10, 2025

Top-tier RIAs are also using technology to scale more personalized client experiences, communicating to clients that their personal plans remain resilient, despite the daily ups and downs in the markets. Kerr holds a bachelor’s degree in communications and her Series 7, 9, 10, 24, and 63 registrations.

Wealth Management 139

Wealth Management Marketing Marketing Tax Planning 139