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Maintaining adequate books and records is a cornerstone of compliance for all investment advisers. For financialplanning services, a similar approach to documentation can be applied to support regulatory compliance from the start of client engagement through all the steps that follow.
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).
Taxes are a central component of financialplanning. Almost every financialplanning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden.
For smaller firms – especially those with little to no experience onboarding new advisors – creating a well-paced financialplan can feel daunting. First, clarity: both the advisor and manager should be able to clearly define the core financialplanning skills that a new hire is expected to develop in their first year.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Human Oversight 🤖 Why people remain a key part of spend management, and how to strike the right balance between AI-driven analytics and human financial expertise. Forecasting That Works 📈 How AI and predictive analytics can improve financialplanning. Master the balance between analytics and action.
However, this "Compliance Rule" did not technically require that the annual compliance review of policies and procedures be conducted in writing, even though advisers were required to maintain records if they did document such reviews in writing! the SEC's new marketing rule). the SEC's new marketing rule).
You can't do this in isolation, you need a team," said Terranova, senior managing director at Virtus Investment Partners, when asked by WealthManagement.com Executive Editor Diana Britton about who he uses as his advisor to handle tax and estate planning and more. “I Number 8860726.
Fifty-three percent said they would like to learn more about the asset class, while 22% are planning to invest in the near future. Sub-HNW investors were significantly more likely to plan a near-term investment, at 36%. Only 13% of high-net-worth investors planned to do so. Number 8860726.
In recent years, financial advisors have increasingly embraced tax planning as a core element of delivering value to clients. Despite this growing interest in tax conversations, most advisors are still quick to distinguish their services as "tax planning", not "tax advice" – a distinction largely driven by liability concerns.
Now, he will seek to bring advisors onto Mariner’s 1099 affiliation platform for growth opportunities and succession planning. He has also held senior roles at LPL Financial and Edelman Financial Engines. Number 8860726. The Overland Park, Kan.-based
The other competitors in this year’s demos included Addepar , Altrata , BILL , Encorestate Plans , GReminders , MileMarker , Mili AI , Wealthfeed , Zeplyn and Zocks. Number 8860726. Most clients want to know their ‘Am I OK numbers,’ and we can show a number or a summary, that is what makes it unique,” he said. s Mili AI won.
In this episode, we talk in-depth about how Nancy overcame her initial imposter syndrome and went from finding attorneys to be threatening to realizing that they are just regular people and do not necessarily know a lot about finance by recognizing how important her own life experiences were, how Nancy also did expand her technical expertise by earning (..)
citywire.com) Compliance The SEC is taking a closer look at AI use by RIAs. wealthmanagement.com) Some financial advisers are pushing the limits on marketing with their 'media' appearances. flowfp.com) Can you really say you do 'comprehensive' financialplanning? citywire.com) How to structure an annual renewal meeting.
Mixing the two can lead to confusion, complicate decision-making and obscure the true financial health of your business. Set up separate plans and goals for your business and your personal finances. Have a Comprehensive Budget (and Stick to It) A well-structured budget is a roadmap for your business’s financial health.
mebfaber.com) Ashby Daniels talks with Hannah Moore about "doing" financialplanning. wiredplanning.com) Laurence Kotklikoff talks with David Blanchett about problems with conventional financialplanning tools. investmentnews.com) Compliance There's no winning the cybersecurity war, just stalemate.
Which, if implemented under the new administration, could provide relief for investment advisers, particularly smaller firms that already have to balance compliance with client service, marketing, and the other duties that go into running a firm.
The state’s Securities Division released its “Ongoing FinancialPlanning Guide” earlier this year to address what it said were the compliance questions raised by the increased popularity of the subscription model compared to AUM-based fees.
This is largely because, for financial advisors, it's not 'just' about capturing notes from the client meeting itself, but also about managing everything that follows: recording meeting notes in the CRM for compliance purposes, assigning post-meeting tasks to the team, and sending the client a post-meeting recap email.
Which at best will still be a substantial uphill battle, given the hassle of switching from one financialplanning platform to another (and the fact that most advisors are generally satisfied with their current financialplanning software in the first place!).
In this guest post, Chris Stanley, investment management attorney and Founding Principal of Beach Street Legal, discusses in depth the various stages of buying, selling, and merging an investment advisory and financialplanning business.
RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth Jalina Kerr of Charles Schwab shares how the most adaptive firms are expanding beyond portfolio management, into areas like estate and tax planning.
But we’re a financialplanning-based firm, which creates some simplicity in how we allocate assets. FinancialPlanning: eMoney and MoneyGuidePro JW: Orion also has a pretty good integration with MoneyGuide Pro, and they have a decent one with eMoney, as well. Number 8860726. They do have a lot more bells and whistles.
RIA SilverStar Wealth moves from being a Kestra-affiliated firm to being part of Bluespring’s Texas-based LifeBridge Financial Group. Number 8860726. RIA Bluespring Merges Two Texas-Based Firms to Create $1.4B
Duran and the industry's self-proclaimed nerd, Michael Kitces, participated in a "Financial Feud" game show where they debated topics such as private equity, succession planning and the value of a brand. Number 8860726.
The rise of new tools, such as the Elements Financial Vitals System and AssetMap, aims to move from complex, comprehensive projections to more digestible summaries that facilitate great client conversations. So, which planning software should you use? Let's take a look!
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Whether clients support the policies with cash gifts or split-dollar, the discussion of options will necessarily involve a combination of insurance planning, tax planning, income and gift tax-oriented wealth transfer planning and investment planning. Number 8860726. Charles L.
Each discussed how providing a more holistic approach to distribution-phase planning in their practices can amp up organic growth for advisory firms. Number 8860726. Despite the steamy humidity outside our beautiful new venue at The Boca Raton resort, it was rapid-fire, fast-paced action inside.
Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans.
Welcome back to the 336th episode of the Financial Advisor Success Podcast ! Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financialplanning tool that helps financial advisors create a visual representation of their clients’ financial situation, reaching over 1.25
Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans.
As December unfolds, it’s easy to overlook year-end tax planning amid the holiday hustle. For 2024, the IRS has increased contribution limits: – 401(k), 403(b), and most 457 plans: You can contribute up to $23,000. However, dedicating a few moments now can lead to significant savings come tax season.
Compliance!), And while all may appear well on the surface – the client rarely contacts the advisor with problems but they show up for every annual meeting – they may actually be feeling quite disengaged with the financialplanning services being provided. Prospecting! Onboarding! – important goals.
Which suggests that advisers have an opportunity to leverage the power of online reviews, which can act as "evergreen referrals" and drive more prospects to seek out the firm’s services, all while adhering to their firm’s compliance requirements. Next , by taking a proactive approach to reinforcing where they add value (e.g.,
Are you battling compliance friction or is bureaucracy slowing you down? • Number 8860726. However, objectively evaluating your environment is essential for long-term success. Consider: • Do you have access to the necessary technology, support, and platform flexibility? • Is your brand aligned with the clients you want to attract?
humansvsretirement.com) Corey Hoffstein talks with Martin Tarlie, a Portfolio Manager at GMO, about bridging the gap between financialplanning and portfolio management. financial-planning.com) A review of recent adviso rtech news including the compliance landscape for Twitter alternatives.
What's unique about Bridget, though, is how, as a solo advisor, she found herself overwhelmed with the pressures of having to manage different aspects of her business while also providing great service to her clients as she quickly grew to $77M of AUM in 7 years, and has decided to not to "scale" her firm by hiring more advisors but instead leverage (..)
We also discuss why Jake and his team not only create long-term financialplans for their clients, but also focus on a 10-year vision to help his younger, travel-loving clientele start achieving more of their immediate goals so they're more likely to retain as clients by feeling like they're making near-term financialplanning progress.
Lynn O'Shaughnessy , Columnist: College Planning June 12, 2025 4 Min Read 12875116/iStock/Getty Images Plus When I took on this task years ago, it was challenging to figure out the itinerary for a 12-day trip that included nine private liberal arts colleges in Massachusetts, New York and Pennsylvania. Number 8860726.
The study also identified attributes of "top performing" firms across a range of metrics, finding that they are more likely than other firms to have a clear ideal client persona, client value proposition, and marketing plan.
In this episode, we talk in-depth about how, after years of working in an environment where she saw first-hand how ultra-high-net-worth clients keep and grow their wealth (and the lack of diversity among those clients), Kamila decided to build a practice that focused on providing holistic financialplanning to communities of color with emerging wealth, (..)
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Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)
Historically, financial advisory firms faced significant challenges in implementing and scaling fee-for-service financialplanning due to the complexities of management and compliance associated with fee-for-service billing. However, with the advent of AdvicePay (a game-changing platform, some would say ?)
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