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24/7 Financial Advice

The Big Picture

As someone who is immersed 24/7 in the modern financial mediascape, I have a very skewed perspective. My recollections are vivid: I had modest connectivity, no Bloomberg Terminal, and was learning what was going on mostly on Twitter and from Financial TV.

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The Worst Kind of Financial Advice

A Wealth of Common Sense

The point of the paper was to show how typical personal finance advice differs from academic economic models. A new research paper from an economist at Yale did a deep dive into 50 of the most popular personal finance books of all-time.

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Don’t Take Financial Advice From Kanye West

A Wealth of Common Sense

Career/Lifestyle Advice

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The Market For “Lemons” In Financial Advice: How Higher Standards Can Lower Costs And Increase Access To Advice

Nerd's Eye View

The financial advisory industry is not immune to the same problems faced in Akerlof’s used-car market. Accordingly, advisor licensing could mean establishing a requirement involving a professional designation like the CFP certification for those who provide financial advice.

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Improving Financial Advice – A LifeBlood Podcast

Conneqtor

How do you go about improving financial advice? As financial advisors, we are trained, mind you, in a traditional methodology that doesn’t speak to reason. You don’t have to ask for personal information on your first call with your client.

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You Are Not in the Financial Advice Business

Advisor Perspectives

Even though you are an advisor, you’re not in the financial advice business. You’re in the problem-solving business

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Common Financial Mistakes People Make While Planning A Wedding

Fintoo

The post Common Financial Mistakes People Make While Planning A Wedding appeared first on Fintoo Blog. Financial Advice Financial Planning financial mistakes financial planning india wedding planA wedding is not just an occasion. It’s a celebration.

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Automation vs. Human Advice: Which Will Win Out?

Wealth Management

One technology exec argues that the human elements of financial advice will never be digitized; another says most of the job will eventually be fully automated

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Video: Tales from the Dark Side

The Big Picture

It Should Be Easy to Get Affordable Financial Advice: Ritholtz. A further discussion of last week’s Tales from the Dark Side. Source: Bloomberg , August 30th, 2022. Previously : Tales from the Dark Side (August 26, 2022).

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Adviser links: forced distributions

Abnormal Returns

Podcasts Michael Kitces talks with Carl Richards about building a career in financial advice. kitces.com) Jamie Hopkins & Ana Trujillo Limón talk with Dave Yeske, CFP, founder and Managing Director of YeskeBuie about the role of emotions in financial planning.

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2022 AdvicePay Year in Review

AdvicePay

For financial advisors like you, 2022 was a big year. From working with next-gen clients and producing more revenue to transforming how financial advice is delivered to your clients, you have done fantastic work this past year!

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Becca Hajjar on Recruiting for the Future

Wealth Management

Becca Hajjar, managing principal and chief business development officer of Commonwealth Financial Network, offers tips for navigating the future of financial advice

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Weekend Reading For Financial Planners (Jan 21-22)

Nerd's Eye View

Weekend Reading OPTIN: Value Of Advice (BAR) OPTIN: Value Of Advice (SLIDE IN

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The Future of Planning Is Therapeutic

Wealth Management

It's not news that financial advice will increasingly be grounded in psychology and therapy—but how an advisor builds a business around those client demands is still evolving, according to speakers at the Future Proof wealth festival

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On the Path to Excellence and Financial Empowerment With Brian Haney

NAIFA Advisor Today

Brian Haney is the Founder and CEO of The Haney Company, an insurance agency with a mission committed to providing high-quality financial services to its clients. Brian is also NAIFA’s 2018 Diversity Champion, an author, an association expert, and a financial advisor.

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Adviser links: a winning model

Abnormal Returns

standarddeviationspod.com) Compliance Jason Zweig, "In 30 years of writing about the financial-advice industry, I never learned that advisers can provide less-comprehensive disclosures than stockbrokers."

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Adviser links: different words

Abnormal Returns

Podcasts Christine Benz and Jeff Ptak talk the evolution of financial advice with Preston Cherry founder and President of Concurrent Financial Planning.

Startup 130
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Personal finance links: possibilities vs. goals

Abnormal Returns

theguardian.com) Personal finance Helpful personal financial advice should not make you feel bad about yourself. awealthofcommonsense.com) Financial planning makes possibilities tangible. Investing A bear market provides different opportunities for different generations.

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Personal finance links: what other people think

Abnormal Returns

Podcasts Kenny Malone and Greg Rosalsky talk with Yale economist James Choi about his paper "Popular Personal Financial Advice Versus The Professors."

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Using Tax Clarity and Income InSight in Annual Client Review Meetings

Covisum

Your job is to provide financial advice to clients. Your work is important and helpful but showing clients the value of your advice is a critical differentiator between you and the rest of the financial service providers.

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Adviser links: additional designations

Abnormal Returns

blogs.cfainstitute.org) How Merit Financial Advisors is building out its tax practice. riabiz.com) Why the business of financial advice is never going out of style. fa-mag.com) Higher mortgage rates make dispassionate advice from financial advisers more relevant.

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Kitces & Carl Ep 100: Is Advisor Technology Really About Making Planning Faster… Or Better?

Nerd's Eye View

As financial planning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency. Kitces & Carl Podcast OPTIN: Value Of Advice (BAR) OPTIN: Value Of Advice (SLIDE IN

Planning 191
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2022 Highlights — The Top 22 Nerd’s Eye View Blog Posts You Might Have Missed

Nerd's Eye View

This year has been challenging for many financial advisors as they help their clients (and their own firms!)

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This Month’s Content Is Heating Up (June Edition)

Twenty Over Ten

From risk management tips to summer financial advice and more, we can’t wait for you to check out this month’s library. The month of June is heating up with some brand new content.

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Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives.

Clients 155
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The basics of email marketing for Financial Advisors – Part 2

Conneqtor

As I explained in part 1 of this email marketing for Financial Advisors series, email marketing is a powerful tool for those of us that want to attract, nurture, and bring on new clients in the financial advice game.

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Why Checklist-Style Financial Planning Works: What Advisors Can Learn From Dave Ramsey’s Baby Steps

Nerd's Eye View

There are many financial advisors who take issue with the financial advice offered by popular personal finance personalities such as Dave Ramsey. Financial Psychology OPTIN: Value Of Advice (BAR) OPTIN: Value Of Advice (SLIDE IN

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#FA Success Ep 310: Filtering Down To The Most Impact-Weighted Work To Scale Client Value, With Natalie Taylor

Nerd's Eye View

Welcome back to the 310th episode of the Financial Advisor Success Podcast ! Financial Advisor Success Podcast OPTIN: One Page Business Plan (BAR) OPTIN: One Page Business Plan (SLIDE IN My guest on today's podcast is Natalie Taylor.

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Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives.

Clients 144
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MiB: Kristen Bitterly Michell, Citi Global Wealth

The Big Picture

She believes that financial advice needs to be frictionless — investors should be able to access everything where ever they are.

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Kitces & Carl Ep 94: Is Being A Financial Planner A Service Business Or An Intellectual Property Business?

Nerd's Eye View

For many financial advisors, the most valuable part of what they offer comes down to the financial advice that they give, whether it be the expert guidance they give to a certain niche or a unique point of view that presents unique insights to an individual client. However, the advice given to clients is not always the only useful offering provided, as the process through which financial advisors deliver their advice can also be an important part of their value proposition.

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Kitces & Carl Ep 96: Handling Politically Charged Clients Who Make It Uncomfortable To Be Their Advisor

Nerd's Eye View

When it comes to politically charged discussions, financial advisors generally try to stay neutral and focus on providing clients with objective financial advice. Kitces & Carl Podcast OPTIN: Value Of Advice (BAR) OPTIN: Value Of Advice (SLIDE IN

Clients 171
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Personal finance links: the foundation of personal finance

Abnormal Returns

humbledollar.com) Personal finance Six stories of people who subsequently sought out financial advice. monevator.com) The pursuit of financial success can come with a cost. youngmoney.co) We all could do well to learn more about financial psychology.

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Adviser links: emotional dynamics

Abnormal Returns

Podcast Barry Ritholtz talks with Thomas Rampulla, managing director of Vanguard’s Financial Advisor Services. ritholtz.com) Brendan Frazier talks with Derek Tharp about the psychology of delivering financial advice. riabiz.com) Edelman Financial Engines is entering a new era. (fa-mag.com)

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Software Updates: Including Inflation in Your Retirement Planning Strategies

Covisum

Our advisor-led team understands the concerns of your retired clients and how the right financial planning software can make addressing them easier.

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Book Review: The Psychology of Money by Morgan Housel

MainStreet Financial Planning

Each chapter is filled with facts from history, psychology and sound financial advice that is good for anyone. As a saver and someone who has dedicated her life to helping others financially, I don’t need to be convinced of this statement.

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Announcing Expanded IAR CE And Price Updates And The State Of The (Nerd’s Eye View) Blog

Nerd's Eye View

Financial advisors have had to navigate many challenges in 2022, from an inflationary environment, the likes of which we have not experienced in decades, to weak stock and bond market performance. All in pursuit of our mission: Making Financial Advicers Better, And More Successful.

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Weekend Reading For Financial Planners (Oct 22-23)

Nerd's Eye View

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”,

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Can market volatility be your friend? Discover more with this guide.

Advisor Perspectives

More investors than ever before are interested in getting financial advice. In this Guide, you’ll find practical ways to showcase your value and expertise to existing clients and prospects and fill the advice gap. Markets hate uncertainty and so do investors.

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RIP Financial Conferences

The Big Picture

The financial conference is dead. How financial advisors can create a more inclusive future for the industry (Financial Planning, September 13, 2022). Conversation With the Cast of “This Is Not Financial Advice” (ETFdb, Sep 12, 2022). ~~~.