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How advisory firms charge for financialadvice has long been a central question in the profession. Now, as financialadvicers expand their services beyond traditional planning into more holistic, personalized advice, the very definition of financialadvice continues to evolve.
There is no shortage of written content available for financialadvisors to enhance their technical skills, grow in their careers, and run more successful planning practices, from books to research studies to long-form written content. Further, because choosing 'top' podcasts is inherently subjective (e.g., Read More.
In the meantime, the buzz around AI continues to increase as well, less now about whether the tools will replace financialadvisors (they don't), and more about how advisory firms can better leverage the technology to be more efficient in serving clients.
Financialadvisors often engage with a variety of prospects, each with unique needs and motivations. Some prospects approach an advisor with an immediate 'problem to be solved', such as a fast-approaching retirement date. However, not all prospects have immediate financial concerns. Read More.
Welcome to the 416th episode of the FinancialAdvisor Success Podcast ! Fran is the CEO of Toler Financial Group, an RIA based in Silver Spring, Maryland, that oversees nearly $200 million in assets under management for 280 client households. Welcome everyone! My guest on today's podcast is Fran Toler.
Which could prove to be a boon for the financialadvice 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?).
While some individuals manage their finances independently or utilize automated platforms, the personalized guidance of a financialadvisor may offer distinct advantages. One study found that an advisor-managed portfolio could produce an additional 3% value add annually over a self-managed (DIY) portfolio.
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 financialadvice (followed by compliance and technology management) and suggests (..)
With more than 25 years of industry experience, he has set the strategic vision for the firm, which encompasses AssetMark’s platform of curated investments, technology solutions, business consulting, operations support, and acquisitions that serve the best interests of financialadvisors and their investors.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Republicans in the House of Representatives this week released their long-awaited tax plan to address the impending sunset of many measures in the 2017 Tax Cuts and Jobs Act.
For instance, the financialadvice industry has seen many changes to regulations (for both advisors and their clients), advisor business models, and the advisor technology landscape. The changing patterns in how financialadvice is delivered can be compared to the similar trends seen in the evolution of medicine.
Welcome to the 432nd episode of the FinancialAdvisor Success Podcast! Seth is the founder of Heartwood FinancialPlanning, an advisory firm affiliated with PlanMember Securities Corporation that is based in Fresno, California, and oversees approximately $100 million in assets under management for 850 client households.
Welcome to the 433rd episode of the FinancialAdvisor Success Podcast ! dollars in revenue, and how Cameron's willingness to just meet and get to know other advisors, businesses, and content creators, without having a specific goal in mind, has led to multiple serendipitous business opportunities throughout his career.
In the early days of wealth management, a financialadvisor's value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g., selling and trading) or on sales-oriented advice that centered on implementing insurance products.
Welcome back to the 290th episode of the FinancialAdvisor Success Podcast ! Andrew is the founder of Tenpath Financial Group and Planning Across the Spectrum, a hybrid firm based in Farmington, Connecticut that oversees $100 million in assets under management for 100 client households. Read More.
As the financialadvice profession has matured, behavioral finance has become an increasingly important element of modern advice. From the prospect’s point of view, it’s easier to not hire a financialadvisor than it is to hire one (at least in the short term).
Financialadvisors have a fiduciary obligation to act in their clients' best interests, and at the same time are prohibited by state and SEC rules from making misleading statements or omissions about their advisory business.
Looking to find fiduciary financialadvisors and wealth managers? Only fiduciary advisors are legally bound to act in your best interest at all times. Here are five ways you can find a full-time fiduciary financialadvisor. What is a fiduciary advisor?
paulkrugman.substack.com) Jess Bost and Mark Newfield talk with Ashley Quamme about her journey to financialadvice. podcasts.apple.com) Charles Schwab Charles Schwab ($SCHW) is launching a new program aimed at helping financialadvisors go independent. citywire.com) How to learn about financialplanning on the cheap.
Notably, the new law could affect a range of advisory firm clients, with those who were subject to WEP/GPO and currently receive Social Security standing to see a bump in their benefits while individuals subject GPO who didn't file for Social Security spousal benefits (because they would have been eliminated by GPO reductions) could find that they (..)
New financialadvisors often start with below-market fees – sometimes to build confidence that prospects will actually pay, other times to attract clients quickly and establish a base. But as the firm grows, so does an advisor's skill set and the demands on their time.
The Best Content for FinancialAdvisors to Attract Clients in 2025 Does your blog feel stale? Here’s content for financialadvisors that’s actually working—and how to make it easier. What makes video so effective for financialadvisors? Are your videos getting zero engagement?
Training programs for new financialadvisors have traditionally followed a sales-focused, sink-or-swim approach that primarily paid on commission for product sales. While some of these programs still exist, the role of an associate advisor has evolved alongside the broader financialplanning profession.
As financialplanning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency. robo-advisors) might someday replace human advisors, there are still many elements of financialplanning that benefit from engagement with a human advisor.
Key Highlights Millennials can benefit a lot from getting financialadvice. Right now, few of them use advisors regularly. You should change your marketing approach to meet the specific financial needs and interests of millennials. Listen to their concerns and adjust your financialadvice to align with their goals.
There are many financialadvisors who take issue with the financialadvice offered by popular personal finance personalities such as Dave Ramsey. Though many potentially valid criticisms of this process tend to concern technical details (e.g.,
While the financialadvice industry has transformed in many ways over the past several decades, one aspect that has remained relatively constant is the use of the Assets Under Management (AUM) fee model as a common way for many advisors to get paid.
From Point Solutions to Seamless Intelligence For decades, our industry has relied on integrations—APIs painstakingly connected across custodians, CRMs, planning tools and portfolio management systems. Let’s say your planning tool doesn’t integrate with your CRM. It’s a shift in how we think about data, identity and access. No problem.
Podcasts Christine Benz and Amy Arnott talk with Anne Lester author of "Your Best Financial Life: Save Smart Now for the Future You Want." morningstar.com) Dan Haylett talking Paul Armson about lifestyle financialplanning. morningstar.com) Should financialadvice be gentle or authoritarian?
Which is surprising to some, given that a decade ago, the emergence of so-called "robo-advisors" was supposed to displace human financialadvisors and compress advisory fees. In reality, though, the robos struggled to gain traction, and the human financialadvice business just continues to grow.
One of the main goals of financialadvisors 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.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the shift in financialadvice from pure investment management to comprehensive financialplanning continues, with more individuals becoming CFP professionals than CFAs in the past few years as consumers increasing the diversity (..)
This year has been challenging for many financialadvisors as they help their clients (and their own firms!) Thanks again for the opportunity to serve you in 2022, and I’m excited to share more soon about some new initiatives we’re planning to do to support the FinancialAdvicer community even more in 2023 and beyond!
Yet, many firms' prospecting strategies have often relied on individual advisors being able to bring business to the firm instead of actively shaping and promoting the firm's own reputation. comprehensive, planning-centric, fee-based advisors) versus 'bad guy' (e.g.,
Welcome to the 416th episode of the FinancialAdvisor Success Podcast ! Fran is the CEO of Toler Financial Group, a DBA firm under the RIA Rossby Financial, in Silver Spring, Maryland, that oversees nearly $200 million in assets under management for 280 client households. Welcome everyone!
When it comes to politically charged discussions, financialadvisors generally try to stay neutral and focus on providing clients with objective financialadvice. If a client is adamant about their concerns, it may be a good idea for the advisor to perform a check-in to determine where their feelings are coming from.
From the introduction of computers to the rise of the internet to the emergence of ‘robo-advisors’, there has been no shortage of innovations that would allegedly reduce the need for consumers to work with (human) financialadvisors. Read More.
During recent conversations, I’ve come across several people unfamiliar with the concept of fee-only financialplanning, let alone considering it as a feasible choice. To shed light on this, I want to articulate the distinctive approach we use at MainStreet FinancialPlanning.
Welcome to the 405th episode of the FinancialAdvisor Success Podcast ! Gaetano is a partner and senior financialadvisor at Fountainhead Advisors, an RIA based in Warren, New Jersey, that oversees approximately $900 million in assets under management for 1,000 client households. Welcome everyone! Read More.
Working as a financialadvisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financialplan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. Read More.
Key Highlights A strong marketing plan is key for financialadvisors. This guide offers helpful tips to create a good advertising plan in the financial services area. Introduction In today’s world, having a strong online presence is really important for financialadvisors.
In particular, financialadvisors who offer ongoing services to clients can focus on 3 key areas that are unique to service-based sales as part of a successful sales strategy.
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC this week fined 4 RIAs for violations of its marketing rule related to their claims that they offered 'conflict-free' financialadvice.
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