Nerd's Eye View

APRIL 26, 2023

One of the most intimidating aspects of launching a solo advisory firm is the question of how to manage compliance. Putting all of this information together, it’s possible to create a compliance calendar that accounts for each task required, its frequency, and the due date for each.

Compliance 246

Compliance Clients Accounting Advertising 246

Nerd's Eye View

OCTOBER 29, 2024

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 financial planning (as well as consulting with over 15,000 clients on student loan debt).

Consulting 243

Consulting Clients Financial Planning Compensation Planning 243

Nerd's Eye View

NOVEMBER 30, 2022

Taxes are a central component of financial planning. Almost every financial planning 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.

Tax Planning 246

Tax Planning Compliance Taxes Financial Advisor 246

Wealth Management

JULY 16, 2024

Some 64% of advisory firms have no plans to develop or use client-facing artificial intelligence, yet 46% said it was a chief compliance concern, according to the ACA Group's latest survey.

Planning 312

Planning Compliance Clients 312

Nerd's Eye View

OCTOBER 11, 2023

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).

Compliance 246

Compliance Financial Planning Planning Investments 246

Nerd's Eye View

JANUARY 31, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that following the change of administration (and a new incoming chair of the SEC), the Investment Adviser Association is seeking to find ways to help RIAs (particularly smaller firms) manage the compliance responsibilities they (..)

Financial Planner 244

Financial Planner Retirement Planning Compliance Valuation 244

Nerd's Eye View

MARCH 24, 2025

For smaller firms – especially those with little to no experience onboarding new advisors – creating a well-paced financial plan can feel daunting. However, a structured and flexible onboarding plan not only helps an associate advisor ramp up efficiently but also ensures a smooth transition into an autonomous and fulfilling role!

Planning 130

Planning Clients Financial Planning Communication 130

Nerd's Eye View

JANUARY 3, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with a recent survey indicating that a majority of advisors are viewing new client acquisition as their primary challenge in the current competitive environment for financial advice (followed by compliance and technology management) and suggests (..)

Financial Planner 246

Financial Planner Retirement Planning Financial Advice Financial Advisor 246

Nerd's Eye View

DECEMBER 17, 2024

What's unique about Fran, though, is how she decided to transition from the independent broker-dealer model to a 'supported independence' corporate RIA platform in order to avoid the compliance headaches involved in being a totally independent RIA while reducing the drag of platform fees on her firm's profitability by finding a platform that wouldn't (..)

Compliance 243

Compliance Financial Advisor Financial Advice Clients 243

Abnormal Returns

OCTOBER 7, 2024

frazerrice.com) Creative Planning TPG just bought a big stake in Creative Planning. thinkadvisor.com) Creative Planning shows 'institutional investors are placing a premium on integrated wealth management businesses relative to aggregators.' citywire.com) Advisortech AI is coming for the compliance stack.

Compliance 289

Compliance Wealth Management Financial Advice Government 289

Wealth Management

MARCH 7, 2025

According to SEC staff at the Investment Adviser Associations compliance conference, the two planned FAQs would help clarify when advisors must use net and gross performance to describe investments.

Compliance 289

Compliance Planning Investments Investing 289

Wealth Management

MARCH 4, 2025

The self-described digital family office has also hired a new chief compliance officer, Courtney Holt, from Perigon Wealth Management.

Compliance 226

Compliance Wealth Management Planning Management 226

Nerd's Eye View

JUNE 5, 2024

If they want to continue to grow and increase their capacity, they'll need to make several important decisions and address a plethora of legal and compliance requirements not only to avoid potential legal issues but also to ensure that their business will continue to operate smoothly.

Compliance 189

Compliance Clients Consulting Accounting 189

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

Carson Wealth

FEBRUARY 4, 2025

Understanding Tax Compliance and Risk Management Ultra-high-net-worth individuals face unique tax challenges, including high rates and ever-changing complex tax codes. Also, like most UHNW individuals, you may have income from several sources like investments, real estate, and business interests that may require special tax planning.

Risk Management 52

Risk Management Compliance Taxes Management 52

Nerd's Eye View

NOVEMBER 22, 2023

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 financial planning business.

Compliance 245

Compliance Sales Financial Advisor Financial Planning 245

Abnormal Returns

JUNE 10, 2024

Podcasts Barry Ritholtz talks with Peter Mallouk, president and CEO of Creative Planning LLC. standarddeviationspod.com) Frazer Rice talks with David Barnard, CEO and Founder of Luminary, about technology and estate planning. ritholtz.com) Joel Weber and Eric Balchunas talk with Silla Brush about Salim Ramji the new CEO of Vanguard.

Compliance 277

Compliance Estate Planning Startup Clients 277

Wealth Management

APRIL 30, 2025

New IRS Circular 230 changes may require USPAP/IVS compliance for business valuations, leading to longer wait times and higher costs for estate planning appraisals.

Estate Planning 246

Estate Planning Compliance Valuation Planning 246

Abnormal Returns

NOVEMBER 4, 2024

citywire.com) Compliance The SEC is taking a closer look at AI use by RIAs. flowfp.com) Can you really say you do 'comprehensive' financial planning? (businesswire.com) Niches If everyone is your prospect (or client), then no one is. advisorperspectives.com) How one adviser focused on nurses as a niche. kitces.com)

Wealth Management 162

Wealth Management Financial Advising Wealth Advisor Compliance 162

Abnormal Returns

OCTOBER 16, 2023

riaintel.com) How many United Capital advisers will remain at Creative Planning when all is said and done? 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 262

Compliance Financial Planner Financial Advice Investment Advisor 262

Abnormal Returns

JULY 10, 2023

mebfaber.com) Ashby Daniels talks with Hannah Moore about "doing" financial planning. wiredplanning.com) Laurence Kotklikoff talks with David Blanchett about problems with conventional financial planning tools. investmentnews.com) Compliance There's no winning the cybersecurity war, just stalemate.

Compliance 244

Compliance Recruitment Financial Planning Wealth Advisor 244

Nerd's Eye View

MARCH 14, 2025

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.

Financial Planner 145

Financial Planner Compliance Commission Retirement 145

Nerd's Eye View

JUNE 17, 2024

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.,

Financial Advising 246

Financial Advising Compliance Advertising Marketing 246

Wealth Management

JULY 21, 2022

The state’s Securities Division released its “Ongoing Financial Planning 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.

Compliance 246

Compliance Financial Planning Planning 246

Abnormal Returns

APRIL 28, 2025

Martinez, CEO of Expressive Wealth, about legacy planning. kitces.com) This SEC proposal would make for a boom for compliance consultants. Podcasts Michael Kitces talks with Vanessa N. kitces.com) Cameron Passmore and Benjamin Felix talk with Jason Pereira about the true role of a financial planner.

Financial Planner 147

Financial Planner Compliance Investment Advisor Consulting 147

Nerd's Eye View

AUGUST 28, 2024

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.

Assets 246

Assets Management Clients Compliance 246

Nerd's Eye View

AUGUST 28, 2024

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.

Assets 244

Assets Management Compliance Retirement Planning 244

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 246

Compliance Financial Planning Planning Clients 246

Carson Wealth

MAY 7, 2025

The Growing Role of Philanthropy in Wealth Planning People today are more interested than ever in finding ways to align their long-term financial goals and their personal values. Both can be effective ways to plan major donations, defer income taxes on the sale of assets transferred to the trust, and help provide for yourself or your family.

Compliance 52

Compliance Distribution Taxes Consulting 52

Abnormal Returns

DECEMBER 23, 2024

citywire.com) Compliance A comprehensive look at the books and record requirements for RIAs. citywire.com) Only 4 in 10 RIAs have a succession plan. (thinkadvisor.com) A Q&A with Ritik Malhotra, co-founder and CEO, of Savvy Wealth. kitces.com) Arbitration procedures should be included in the ADV.

Financial Advising 147

Financial Advising CFP Compliance Retirement 147

XY Planning Network

MAY 8, 2023

Let's talk compliance. Many advisors—especially those who haven't managed their own compliance previously—can feel like it's the "monster in the closet." Here at XYPN, we have a dedicated team of compliance experts available to help with everything from initial registration to preparing for an RIA audit.

Compliance 98

Compliance Financial Advisor Management CFP 98

Nerd's Eye View

MARCH 17, 2025

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.

Financial Advisor 137

Financial Advisor Clients Financial Planning Professional Services 137

Nerd's Eye View

JULY 31, 2024

Even firms with robust compliance programs that do a good job following their required policies and procedures can struggle with examinations if they don't have the information that examiners will ask for readily available.

Compliance 246

Compliance Ethics Advertising Clients 246

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 246

Financial Planner Compliance Media Retirement 246

Abnormal Returns

JULY 17, 2023

(thinkadvisor.com) The biz The DOL's fiduciary rule has thrown a wrench into Edelman Financial Engine's ($EFE) plans. thinkadvisor.com) The SAVE Plan has some fixes for student loan repayment plans. advisorperspectives.com) Think twice, compliance-wise, before jumping onto Threads. investmentnews.com)

Wealth Management 246

Wealth Management Compliance Engineering Clients 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!

Financial Planner 159

Financial Planner CFP Financial Advisor Retirement 159

Nerd's Eye View

JULY 18, 2023

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 (..)

Financial Planning 223

Financial Planning Planning Financial Advisor Financial Planner 223