Wealth Management

NOVEMBER 3, 2023

This is a pivotal moment in this ever-changing landscape, requiring advisors to weigh the benefits against the drawbacks and make informed decisions about their future path.

Financial Advice 297

Financial Advice 297

Wealth Management

JUNE 16, 2023

Proactive engagement reflects a commitment to comprehensive financial wellness, creating a meaningful and long-lasting impact on clients’ lives.

Financial Advice 306

Financial Advice Clients 306

Wealth Management

MAY 2, 2023

What would former baseball star Alex Rodriguez do with $100,000? “I I would keep it in T-bills right now.”

Financial Advice 231

Financial Advice 231

Nerd's Eye View

MARCH 10, 2025

Financial advicers often market their comprehensive financial services as a way to differentiate themselves from other advisory firms and to stand out in the broader landscape of financial advice.

Clients 246

Clients Financial Advice Retirement Planning Financial Services 246

Wealth Management

JULY 25, 2024

The research survey also found that this audience said it was more likely to follow advice from a human than computer-generated recommendations.

Financial Advice 279

Financial Advice 279

Carson Wealth

JANUARY 8, 2025

If you’re considering professional financial guidance, can be essential to choose an advisor who aligns with your values and understands your unique financial situation. Contact us today to learn more about our unique approach to financial advice. The post Why Should I Hire a Financial Advisor?

Financial Advice 65

Financial Advice Financial Advisor Risk Tolerance Financial Guidance 65

Nerd's Eye View

JANUARY 20, 2025

offer a high signal-to-noise ratio and are tailored to the needs of those who are a part of (or hope to join) the financial advicer community (i.e., those who are in the business of selling their financial advice as opposed to financial products).

Financial Advisor 246

Financial Advisor Financial Advice Financial Planner Estate Planning 246

Wealth Management

FEBRUARY 13, 2023

After all, 300 years of investing advice has basically given the same guidance.

Financial Advice 250

Financial Advice Investing Investments 250

Nerd's Eye View

DECEMBER 17, 2024

So, whether you're interested in learning about transitioning from a broker-dealer to a 'supported independence' model, how to choose among available corporate RIA platforms, or how a firm can generate prospect leads by being vocal about its values, then we hope you enjoy this episode of the Financial Advisor Success podcast, with Fran Toler.

Compliance 245

Compliance Financial Advisor Financial Advice Clients 245

Nerd's Eye View

DECEMBER 27, 2023

Financial advisors have a fiduciary obligation to act in their clients' best interests, and at the same time are prohibited by state and SEC rules from making misleading statements or omissions about their advisory business.

Financial Advice 246

Financial Advice Communication Compliance Clients 246

Nerd's Eye View

NOVEMBER 29, 2024

Which could prove to be a boon for the financial advice industry as more consumers are willing to entrust their assets to an advisor (while at the same time possibly making it tougher for some advisors to differentiate themselves primarily by how they put their clients' interests first?).

Financial Planner 246

Financial Planner Financial Advice Retirement Financial Advisor 246

Nerd's Eye View

NOVEMBER 28, 2024

How much to charge for financial advice is rarely a decision made lightly. A firm's pricing strategy often reflects both the local market (or niche-related) norms – such as the nearly-ubiquitous 1%. Others may align with broader industry trends, like transitioning to fee-only structures to buffer against market volatility.

Clients 246

Clients Financial Planner Fee Only Financial Planning 246

A Wealth of Common Sense

JUNE 20, 2023

You also need a deep understanding of financial market history from booms to. To be a successful investor you need to possess a number of different traits. You need to understand how math, statistics and probabilities work. You need to understand corporations and the global economy generally function over the long haul.

Financial Advice 145

Financial Advice Math Economy Financial Market 145

Nerd's Eye View

FEBRUARY 10, 2025

To earn the CFP marks, candidates must fulfill four key requirements: Education (holding a bachelor's degree and completing the required coursework through a CFP Board registered program), Exam (passing the 170-question CFP exam), Experience (gaining hands-on experience providing financial advice to the public), and Ethics (acting as a fiduciary).

CFP 237

CFP Education Ethics Financial Planning 237

Nerd's Eye View

DECEMBER 11, 2024

In this guest post, Justin Fitzpatrick, co-founder and CIO at Income Lab, explores how well CMAs reflect the realities clients will face, the influence these assumptions have on client advice, and how advisors can balance planning assumptions against the risks of long-term inaccuracies.

Retirement Planning 245

Retirement Planning Retirement Planning Marketing 245

Nerd's Eye View

APRIL 16, 2025

Finally, volatile markets offer a powerful opportunity for advisors to reinforce the value of financial advice. No diversification strategy can eliminate all risk, but advisors can acknowledge that market declines don't feel good while affirming that a client's plan is still on track.

Clients 228

Clients Financial Planning Financial Advice Planning 228

Abnormal Returns

APRIL 7, 2025

(meaningfulmoney.life) When does a single-famliy office structure make financial sense? advisorperspectives.com) Do women receive worse financial advice? institutionalinvestor.com) What to do if somebody is impersonating you online. alphaarchitect.com)

Fiduciary Duty 147

Fiduciary Duty Financial Advice Financial Planning Clients 147

Abnormal Returns

SEPTEMBER 30, 2024

Podcasts Michael Kitces talks with Ann Garcia, partner of Independent Progressive Advisors, about planning for mid-work professionals. kitces.com) Dan Haylett talks with George Kinder author of "The Three Domains of Freedom." humansvsretirement.com) Bogumil Baranowski talks with Dan Solin, author of "Ask: How to Relate to Anyone."

Financial Advice 130

Financial Advice Fee Only Estate Planning Taxes 130

A Wealth of Common Sense

OCTOBER 14, 2022

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.

Financial Advice 142

Financial Advice Economics 142

Nerd's Eye View

NOVEMBER 14, 2024

As the financial advice industry began shifting from a sales-based model to a more sustainable asset management approach, advisors found their roles shifting along with it.

Financial Advice 246

Financial Advice Communication Sales Assets 246

Nerd's Eye View

JUNE 24, 2024

The requirements to run a successful, growing advisory firm are often less about doing the technical work with clients and more about marketing value to get prospects in the door in the first place.

Financial Advice 190

Financial Advice Clients Financial Planning Planning 190

Nerd's Eye View

NOVEMBER 27, 2023

One of the main goals of financial advisors who market themselves is to build a foundation of trust with their prospective clients so that they feel comfortable in discussing often-sensitive financial topics and ultimately acting on the advisor's recommendations.

Distribution 246

Distribution Financial Advice Clients Financial Advisor 246

Abnormal Returns

DECEMBER 25, 2024

wsj.com) Personal finance You need to put on your own (financial) oxygen mask first. nytimes.com) Be careful who you trust for financial advice. (wsj.com) Americans are swapping bank deposits for money market funds. ofdollarsanddata.com) The world is constantly changing. Why you can't let that throw you.

Financial Advice 147

Financial Advice Retirement Taxes Insurance 147

Alpha Architect

JANUARY 2, 2024

This article seeks to examine what research says about the interplay between risk tolerance, financial literacy, and trust and their collective impact on the pursuit of financial advice by Black and Hispanic households. Do racial barriers prevent Black and Hispanic households from pursuing financial advice?

Financial Advice 109

Financial Advice Risk Tolerance Financial Planning Government 109

Wealth Management

JULY 22, 2024

While many in the financial advice business have for years focused on retail clients, some firms are finding that pensions and foundations can pay off in a major way.

Financial Advice 285

Financial Advice Retail Clients 285

Nerd's Eye View

APRIL 15, 2025

In this episode, we talk in-depth about how Cameron's firm experienced significant client and revenue growth by serving the CEO and employees of e-commerce platform Shopify early on in its growth path (eventually leading to massive AUM growth after the company's IPO), how Cameron's firm managed to generate over 1,100 inbound leads resulting in more (..)

Financial Advisor 130

Financial Advisor Financial Advice Planning Clients 130

Wealth Management

FEBRUARY 23, 2024

Cambridge's Nick Graham details the opportunities AI creates when it comes to financial advice.

Financial Advice 302

Financial Advice 302

Nerd's Eye View

SEPTEMBER 26, 2022

Accordingly, advisor licensing could mean establishing a requirement involving a professional designation like the CFP certification for those who provide financial advice.

Financial Advice 130

Financial Advice Financial Planner License Financial Advisor 130

Wealth Management

DECEMBER 5, 2023

Reps with UBS' Athletes and Entertainers Group will provide “holistic” financial advice to prepare athletes for their post-NFL careers. Other firms with the designation include Goldman Sachs and Morgan Stanley.

Financial Advisor 290

Financial Advisor Financial Advice 290

Wealth Management

MAY 17, 2023

Peter Stanton, CEO of Advisor Credit Exchange, explains.

Financial Advice 147

Financial Advice 147

Nerd's Eye View

JANUARY 13, 2025

Which is surprising to some, given that a decade ago, the emergence of so-called "robo-advisors" was supposed to displace human financial advisors and compress advisory fees. In reality, though, the robos struggled to gain traction, and the human financial advice business just continues to grow.

Financial Advice 147

Financial Advice Ethics Financial Planning Education 147

Nerd's Eye View

MARCH 28, 2025

Which suggests that, amidst ongoing debate over fiduciary-related regulations, an advisor's status as a fiduciary could both lead to greater client trust (both in their individual advisor relationship and perhaps in the financial advice industry as a whole) and, ultimately, higher client retention rates.

Financial Planner 228

Financial Planner Retirement Retirement Planning Clients 228

Wealth Management

DECEMBER 6, 2022

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.

Financial Advice 278

Financial Advice 278

A Wealth of Common Sense

SEPTEMBER 21, 2022

Kanye West went on CNBC last week to discuss why he terminated his contract with the Gap: We’re only getting one side of the story here so it’s difficult to tell exactly what caused the rift here but Kanye is sure there is only one person who could have fixed the struggling retailer. ” He was referring to himself, of course.

Financial Advice 125

Financial Advice Retail 125

Abnormal Returns

MARCH 31, 2025

citywire.com) Don't underestimate the importance of story telling in the financial advice business. (riabiz.com) Advisers How advisory firms can use synthetic equity to retain and compensate employees. wealthmanagement.com) There are three different flavors of PE investment. downtownjoshbrown.com) XYPN keeps growing.

Wealth Management 147

Wealth Management Financial Advice Portfolio Management Consulting 147

Nerd's Eye View

JANUARY 10, 2025

Also in industry news this week: A survey indicates that nearly 71% of new financial advisors drop out in the first 5 years, with firms offering better training and mentorship opportunities (as well as entry-level positions that don't come with business development targets) seeing higher employee retention rates How broker-dealer self-regulatory organization (..)

Financial Planner 189

Financial Planner Clients Financial Advice Numbers 189

Nerd's Eye View

MARCH 6, 2025

The advisor may emphasize how the firm has grown, compare the client's fees with the current market rate for financial advice, and help them understand the value of the service they're receiving. Acknowledging the past promise and explaining why the fee needs to change with honesty and transparency can go a long way.

Clients 182

Clients Ethics Financial Advice Budgeting 182