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. Findings to Be Aware Of Every financial advisor has a different way of communicating with their clients.

Communication 52

Communication Financial Advisor Clients Financial Planning 52

The Better Letter

APRIL 6, 2023

Realistic Retirement Planning My children have consistently (and kindly) remarked about how grateful they are to have been able to graduate (with honors) from fine universities without any debt. Our retirement planning took a hit to do so. Thanks for reading. However, achieving that goal came at a cost.

Retirement Planning 99

Retirement Planning Retirement Planning Nonprofit 99

WiserAdvisor

DECEMBER 18, 2023

Navigating the journey to retirement can often feel like a complex puzzle, especially when it comes to figuring out how much you need to save. The answer to “how much you need to retire” is shaped by various factors, including the kind of retirement life you dream of, your age, and the expenses you anticipate during your retirement years.

Retirement 105

Retirement Retirement Planning Risk Tolerance Healthcare 105

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 235

Financial Planner CFP Certification Communication 235

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

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 198

Wealth Management Retirement Communication Investment Planning 198

Darrow Wealth Management

NOVEMBER 20, 2023

If you think retirement planning moves stop at retirement, think again. Although it won’t make sense in every situation, retirement can be a unique opportunity for Roth conversions for some investors. For high earners, converting an IRA to a Roth IRA while you’re still working could be the worst time of all.

Retirement 81

Retirement Distribution Taxes Accounting 81

Talon Wealth

OCTOBER 26, 2023

Retirement planning can be a difficult and confusing process for couples. By focusing on a few key areas, setting financial goals, and doing your research, you can find ways to enjoy retirement together. Set Financial Goals In retirement, educate yourself on your financial situation and investment strategy.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

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 232

Estate Planning Financial Planning Retirement Planning 232

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 186

Financial Planner Retirement Planning Financial Advisor Retirement 186

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 209

Clients Financial Planning Financial Advisor Communication 209

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. Retirement income In retirement, clients need to be prepared for a stock market correction every day.

Retirement 89

Retirement Clients CFP Assets 89

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 231

Wealth Management Financial Advising Retirement Planning Financial Advice 231

Abnormal Returns

AUGUST 23, 2023

jdroth.com) Retirement You probably need less for retirement than you think. awealthofcommonsense.com) Not everyone wants to travel widely in retirement. time.com) Family Communicating about money with your partner never really ends. (wsj.com) It's understandable why people put off estate planning.

Estate Planning 239

Estate Planning Retirement Communication Taxes 239

Ballast Advisors

AUGUST 18, 2023

In its annual Retirement Confidence Survey of current workers and retirees, the Employee Benefit Research Institute found that workers’ confidence in their ability to fund retirement fell by the largest extent since the financial crisis of 2008, to levels not seen since 2018. Broadridge Investor Communication Solutions, Inc.

Retirement 52

Retirement Taxes Planning Accounting 52

Nerd's Eye View

APRIL 30, 2024

We also talk about how Troy's firm has hired a number of marketing professionals to improve the performance of its marketing campaigns, how Troy has also grown his advisor staff to meet the needs of the rapidly expanding client base, and adopted a 3-advisor pods approach to ensure clients have touchpoints with multiple advisors (and that advisors can (..)

Financial Advisor 187

Financial Advisor Clients Retirement Planning 187

WiserAdvisor

MARCH 28, 2024

As you enter your 50s, the urgency of retirement savings becomes palpable. For those who find themselves behind on their retirement savings, the path ahead may seem daunting. However, despite the challenges, there are strategies to catch up on your retirement savings.

Retirement 59

Retirement Financial Advisor Medical Healthcare 59

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 182

Clients Financial Planning Financial Advice Retirement 182

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 188

Financial Planner Strategic Planning Retirement Planning Retirement 188

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 210

Estate Planning Retirement Communication Financial Planning 210

Random Roger's Retirement Planning

DECEMBER 23, 2022

We spend a lot of time here on unexpected, one-off, unbudgetable expenses that can blow up a retirement plan that doesn't have a lot of margin for error. Getting the inverter replaced dragged on for three months, the insurance adjuster provided almost no communication. There is an element of luck to this too I believe.

Retirement Planning 50

Retirement Planning Retirement Planning Insurance 50

Nerd's Eye View

NOVEMBER 2, 2023

retired clients tend to remain retired until their deaths), other clients might 'evolve' out of the niche (e.g., For instance, an advisor working with tech employees whose company is going through an IPO might find that many of these individuals switch fields or retire early, creating a different set of planning issues to address.

Clients 168

Clients Retirement Planning Financial Advisor 168

Indigo Marketing Agency

JANUARY 25, 2022

But as a financial advisor, how should you communicate with your clients about market volatility? But what’s the best way to communicate about the recent market events? Why You Should Communicate During Volatility. Proactive communication is good client service. They have not realized any losses yet.

Communication 52

Communication Clients Marketing Marketing 52

Nerd's Eye View

FEBRUARY 7, 2024

telling the client or prospect to share what prompted them to reach out), since people can sometimes perceive fact-finding questions such as "What have you done so far to save for retirement?" Accordingly, the process starts with fact-finding questions, which ideally should be open-ended questions framed as statements (e.g., as judgmental.

Clients 213

Clients Communication Financial Planning Retirement 213

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 210

Wealth Management Communication Retirement Management 210

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 186

Financial Advisor Communication Clients Financial Planning 186

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.

Retirement 130

Retirement Distribution Communication Financial Planning 130

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. Which begs the question, to what extent should an advisory firm owner discount the sale price of their firm for a next-gen successor?

Planning 130

Planning Valuation Sales Clients 130

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 220

Financial Planning Planning Clients Retirement 220

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?” A retirement investment portfolio is like owning an apartment building. And when you retire, you stop construction and begin filling the building with tenants. Managing the building.

Retirement 84

Retirement Clients Investing Investments 84

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 212

Financial Planning Planning Clients Retirement 212

Nerd's Eye View

DECEMBER 1, 2023

Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in the absence of specific guidance from Congress (..)

Financial Planner 184

Financial Planner Communication Estate Planning Wealth Management 184

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 151

Financial Advisor Retirement Planning CFP Clients 151

Abnormal Returns

DECEMBER 7, 2022

tonyisola.com) How couples communicate about money is more important than the details. humbledollar.com) Why you should retire more often. Family Tony Isola, "Projecting irrational expectations onto your kids and finances is a dangerous game." wsj.com) More Americans are entering old age without any family.

Communication 204

Communication Taxes Retirement Planning 204

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 153

Financial Planner Retirement Planning Retirement Insurance 153

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

Integrity Financial Planning

AUGUST 28, 2022

Many people may not know that their will does not control who inherits all of their assets, such as retirement accounts, life insurance, and annuities. In order to pass these on, you must name a beneficiary for each retirement account, insurance policy, and annuity. Communicate, Communicate, Communicate.

Estate Planning 98

Estate Planning Planning Communication Retirement 98