Nerd's Eye View

JULY 5, 2022

Welcome back to the 288th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Patrick Kilbane. Patrick is a Partner and the Director of the Divorce Advisory Group for Ullmann Wealth Partners, an independent RIA based in Jacksonville Beach, Florida, that oversees $800 million in assets under management for 350 client households.

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Financial Advisor Clients Assets Management 196

Trade Brains

JULY 6, 2022

Understanding How Does Stock Market Affect The Economy: The stock market and the economy are in a lot of talk in recent days. Seeing the market indexes declined by over 30% within a month, an obvious question among people is to understand how does the stock market affects the economy. In this article, we are going to answer the same and discuss the effect of rising or falling stock markets on the economy.

Economy 98

Economy Marketing Marketing Economics 98

Carson Wealth

JULY 7, 2022

Tom Fridrich, Senior Wealth Planner . Once upon a time, people would put money in their 401(k) or IRA accounts and know that – should their retirement savings outlive them – their loved ones would inherit the rest and all would essentially be well. . But then the SECURE Act went into effect on January 1, 2020, and the story changed. . Today, someone who inherits money that’s sitting in a 401(k) or a traditional IRA could also get another, less welcome gift: higher taxes. .

Accounting 98

Accounting Retirement Distribution Taxes 98

Mullooly Asset Management

JULY 6, 2022

Social security benefits are a key part of any retirement plan. But deciding when to claim those benefits is something all retirees should think long and hard about. Deciding when to tap into your social security is a highly personalized decision. You paid money into the system during your working years, that money has compounded […].

Retirement Planning 96

Retirement Planning Retirement Planning 96

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Accounting

Nerd's Eye View

JULY 6, 2022

Advisors occasionally encounter situations where their recommendations conflict with a prospect’s or a client’s opinions or beliefs. When encountering this resistance, the advisor has a choice to make: either to alter their recommendation to make it more acceptable to the client’s way of thinking, or to dig in and attempt to change the client’s mind on the subject (or, in the most extreme cases where the difference cannot be resolved, to re-evaluate the engagement and per

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Clients Asset Allocation Financial Advisor Portfolio 175

Brown Advisory

JULY 7, 2022

Annual Report: Mountains. mhannan. Thu, 07/07/2022 - 10:44. We usually think of mountains as the Earth’s surface rising abruptly toward the sky, but with a broader perspective, we find their likeness in the challenges that we face as investors and advisors for our clients, as teammates of our colleagues and as citizens in our communities. No matter the shape of the mountain, our climb is fueled by deep curiosity, incisive questions and critical listening.

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Clients Investing Investments 95

Good Financial Cents

JULY 6, 2022

Helping kids pay for college can be a wonderful gift, yet parents and families should always conduct due diligence before they take out any type of loan. For example, families should know exactly how much in loans they’re taking out, the interest rate they’ll be asked to pay, and the monthly payment they’ll need to plan for. Parent borrowers in particular should also understand they’ll be legally responsible for repaying student loan balances they co-sign for — even if th

Education 94

Education Accounting Planning Banking 94

Nerd's Eye View

JULY 8, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a recent study indicating that 15% of employee advisors at wirehouse firms and 7% of independent advisors affiliated with a broker-dealer are considering leaving their firm in the next one to two years. Of those most likely to stay, retention was driven primarily by the quality of the firms’ technology offering, the breadth of its products and services, and the c

Financial Planner 141

Financial Planner Clients Assets Media 141

Norman Marks

JULY 8, 2022

In my last post, I outlined (at a very high level, with no detail) what I considered effective risk management entailed: When setting objectives, goals, and strategies, consider the things that might happen (both positive, opportunities, and negative, risks) and set achievable (if a bit of a stretch) objectives that will achieve the purpose of […].

Risk Management 97

Risk Management Management 97

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Banking

Trade Brains

JULY 8, 2022

Investing requires a more or less simple strategy to make great returns. Find the next big thing and make sure that the company is financially sound. This search has led many investors to jump into renewable energy, a concept drilled into our heads since childhood, as the future once fossil fuels are exhausted. This has led to multiple stocks in the renewable energy sector turning multi-baggers this year.

Manufacturing 81

Manufacturing Commission Government Investing 81

Good Financial Cents

JULY 5, 2022

It’s a sad fact, but we’re all mortal and one day we will all die. This is true whether we have retired or not and there’s a 100% chance of that happening. According to Vanguard, over 25% of all Americans have a 401k plan. This means 1 out of every 4 Americans will be forced to deal with a 401k plan after someone passes away. That brings us to the all-important question: What happens to our 401k when we die?

Distribution 73

Distribution Retirement Accounting Taxes 73

The Better Letter

JULY 7, 2022

This week brings the eighth installment of my series on making behavioral finance actionable. The previous seven are linked below. Part One: The Experiment Part Two: The Misinformation Milieu Part Three: The Method Part Four: The Mindset Part Five: The Great Mistake Part Six: Make Fewer Decisions Part Seven: Need Help If you like The Better Letter, please subscribe, share it, and forward it widely.

Math 64

Math Communication Economics Planning 64

Walkner Condon Financial Advisors

JULY 8, 2022

We have experienced quite a start to the year. The equity markets have had a difficult start to 2022, with the S&P 500, the Dow Jones Industrial, and NASDAQ all seeing double-digit losses. Many of the bond indexes have seen historically bad beginnings to the year as well. The year-to-date losses in the equity and bond markets, coupled with rising inflation rates and a persistent war in Ukraine, have greatly increased the likelihood of a recession.

Economics 59

Economics Financial Advisor Economy Portfolio 59

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

Financial Advice

Sara Grillo

JULY 8, 2022

This isn’t some made up crap because I want to sell on something. Here are real accounts of what a day in the life of a financial advisor entails, from real professional financial advisors. Why I wrote this blog. Why did I find it necessary to write about the day in the life of a financial advisor? Well… Because there is so much smoke-and-mirrors about the profession, nobody is given a clear picture of what an advisor actually does.

Financial Advisor 59

Financial Advisor Financial Planner Clients Compliance 59

Trade Brains

JULY 7, 2022

Best Battery Sector Stocks in India for 2022: Across all major automotive markets globally, we are witnessing a transformative shift to electric mobility. Even during the ongoing Covid-19 pandemic, while vehicle sales have dropped significantly in many of these markets, the uptake of electric vehicles (EVs) has bucked the trend in 2020. India also is keen on following this global trend.

Manufacturing 59

Manufacturing Marketing Marketing Electronics 59

Million Dollar Round Table (MDRT)

JULY 7, 2022

By Bryce Sanders Often, the first step to converting a suspect into a prospect and then into a client is to schedule a face-to-face meeting. This can be tougher than it seems. Inviting prospects to a seminar is a good strategy to meet halfway. They are present in person, which shows a degree of interest. You can meet and shake hands, yet they are in a group setting, so they do not feel like they are being “sold something.”.

Clients 58

Clients Marketing Marketing 58

Norman Marks

JULY 3, 2022

I have to admit that the book is a bit thicker than I expected. But I am happy with it and hope that others will find my first novel a decent read – about the first week or two in a new job of a chief audit executive. I now have more books than I […].

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Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Financial Planning

Getting Your Financial Ducks In A Row

JULY 4, 2022

Photo credit: jb. While many folks would tell you that it can be a good idea to make non-deductible contributions to your traditional IRA, I believe it’s in the “Bad Idea” category for most situations. This is primarily due to the way the tax law works for IRA and non-IRA money. There can be good reasons for non-deductible IRA contributions, but today we’ll focus on the downside.

Taxes 53

Taxes Distribution Accounting Investing 53

Trade Brains

JULY 8, 2022

How often do you come across industries that are extremely vital for the economy but are often underrated from an investment perspective? One such industry is the Rubber Manufacturing Industry. Finished products of this industry are seen across various other industries like automobiles, tyres, clothes, furniture, footwear, hose and every other machinery.

Manufacturing 52

Manufacturing Economy Pharmaceutical Sales 52

Mullooly Asset Management

JULY 8, 2022

It’s often said that the stock market looks forward, while economic data looks in the rearview mirror. The stock market reacts to what it thinks is going to happen. While the economic data represents what has already happened. It is not uncommon to see the stock market bottom while the economic news worsens. Tom and […] It’s often said that the stock market looks forward, while economic data looks in the rearview mirror.

Economy 52

Economy Marketing Marketing Economics 52

Brown Advisory

JULY 7, 2022

2022 Annual Report | Mountains mhannan Thu, 07/07/2022 - 10:44 We usually think of mountains as the Earth’s surface rising abruptly toward the sky, but with a broader perspective, we find their likeness in the challenges that we face as investors and advisors for our clients, as teammates of our colleagues and as citizens in our communities. No matter the shape of the mountain, our climb is fueled by deep curiosity, incisive questions and critical listening.

Clients 52

Clients Investing Investments 52

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Accounting

Steven J. Wilson

JULY 7, 2022

To grow your business, a strong personal brand can be a massive advantage. Why? Competing with giant companies in your niche with sheer costly exposure is tough. You don’t have as many resources to spend on advertising as large businesses do. Also, people don’t trust business brands like they use too. It’s not entirely your fault, as […]. The post The Competitive Advantage of Personal Branding appeared first on Steven J.

Advertising 52

Advertising 52

Diamond Consultants

JULY 7, 2022

By Jason Diamond and Mindy Diamond. Independence in the wealth management industry is much like your local ice cream shop: There are many different flavors to choose from. Each year around July 4 th , we pause to reflect on the tremendous progress that our industry has made in transitioning, supporting, and fostering independent advisors. But independence in the wealth management industry is a lot like your local ice cream shop: There are many different flavors to choose from.

Compliance 52

Compliance Wealth Management Management Clients 52

Mullooly Asset Management

JULY 7, 2022

In this week’s video, Tim covers 3 things you might not know about saving for college. Can unused 529 account funds be used to pay off student loans? Can you roll a 529 plan into a Roth IRA? And what type of 529 plan should you use to build up that college savings fund? Tim […].

Accounting 52

Accounting Planning 52

WiserAdvisor

JULY 7, 2022

Asset management and investment management are often used interchangeably. However, it is important to realise that both concepts are quite different. Understanding the differences between the two is crucial for effective selection, allocation of your funds, and portfolio management. Once you understand the difference between investments and assets, you can formulate a customised strategy and meet your short-term and long-term financial goals effectively.

Management 52

Management Assets Investing Investments 52

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Banking

Trade Brains

JULY 6, 2022

Indiabulls Housing Finance: One of my favourite players of the recent past has been Manish Pandey. He was hitting centuries when he was just 19 and this even got him into the Indian national team. But since 2019 things started to turn around and his unfortunate poor form continues. In the stock market, we have many such that have been multibaggers in the past.

Financial Services 52

Financial Services Sales Investing Investments 52

AdvicePay

JULY 7, 2022

The financial services industry is constantly evolving, and one of the evolutions underway right now is the rapid growth of the fee-for-service financial planning business model. For more than 80 years, financial professionals have been charging clients for investment and wealth advice under the Investment Advisers Act of 1940, but the methods of how fees are calculated and collected for those services are expanding.

Financial Planning 52

Financial Planning Planning Wealth Management Financial Services 52

Clever Girl Finance

JULY 5, 2022

Sometimes, life happens and you need ideas for how to make $300 fast. You’re not alone, we’ve all been in a pinch before. We’re also here to tell you there are ways to make the amount of money you need now. So, let’s dive in! What can $300 buy? Bankrate says, more than half of Americans cannot cover an unexpected $1,000 bill with savings. This means people struggle when cars break, appliances stop working, or someone gets sick.

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Media Advertising Food Sales 52