Nerd's Eye View

MAY 8, 2023

Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. Besides the fact that many financial advisors don’t hold the necessary credentials (e.g.,

Taxes 246

Taxes Financial Planning Clients Financial Advisor 246

Abnormal Returns

AUGUST 26, 2024

riabiz.com) How AI could be deployed in financial advice. (kitces.com) The pleasures of going from investment FOMO to JOMO. advisorperspectives.com) What does it mean to be a robo-advisor anymore? riaintel.com) Why Ryan Eisenman co-founded alternative asset data provider Arch. citywire.com)

Taxes 260

Taxes Financial Advising Financial Advice Assets 260

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

Abnormal Returns

JUNE 18, 2025

readthejointaccount.com) Quotes Alina Fisch, "Financial advice shouldn’t feel like a four dimensional puzzle you’re not smart enough to solve." tonyisola.com) Personal finance Why it's hard to reduce your pre-tax retirement balances. economist.com) Some really bad advice including 'Let envy guide your goals.'

Retirement 157

Retirement Financial Advice Taxes Numbers 157

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 Portfolio 228

Abnormal Returns

DECEMBER 11, 2024

(podcasts.apple.com) Christine Benz and Jeff Ptak talk with Tom Idzorek and Paul Kaplan about their new book "Lifetime Financial Advice: A Personalized Optimal Multilevel Approach." sites.libsyn.com) Peter Lazaroff on some year-end tax strategies. wsj.com) Why some wealthy Americans simply fail to file their taxes.

Retirement 144

Retirement Financial Advice Taxes Financial Planning 144

Abnormal Returns

SEPTEMBER 30, 2024

riabiz.com) Taxes How pre-tax retirement contributions provide flexibility down the road. kitces.com) Tax strategies if the TCJA expires in 2026. (riabiz.com) Kitces' FinTech Solutions Map just keeps growing. riabiz.com) Charles Schwab ($SCHW) is mothballing the Institutional Intelligent Portfolios platform.

Financial Advice 130

Financial Advice Fee Only Estate Planning Taxes 130

Nerd's Eye View

APRIL 8, 2025

What's unique about Seth, though, is how he has created what he calls an "input deliverable" that allows him to demonstrate value more tangibly to his ideal prospects by helping them solve a key tax planning pain point… but without the time-consuming busywork of having to create a separate output for each individual client household.

Financial Planning 130

Financial Planning Clients Planning Financial Advisor 130

Abnormal Returns

FEBRUARY 24, 2025

thinkadvisor.com) Cutting IRS workers is going to make life more difficult for tax preparers (and payers). citywire.com) Your (potential) clients are looking online for financial advice. (citywire.com) How Jacob Turner turned a professional baseball career into a wealth management business. How to do better for clients.

Wealth Management 144

Wealth Management Retirement Planning Financial Advice Clients 144

Abnormal Returns

SEPTEMBER 18, 2023

Podcasts Daniel Crosby talks with Michael Kitces about automation and the future of financial advice. smokestack.beehiiv.com) The first rule of financial advice is 'do no harm.' standarddeviationspod.com) Michael Kitces talks with Jason Wenk, CEO of Altruist, about how he is trying to build an all-in-one investment OS.

Planning 261

Planning Financial Advice Wealth Management Math 261

The Big Picture

MARCH 18, 2025

Media Madness : Do we really need 24/7 financial advice for our investments we wont draw on for decades? when the best course for our long-term financial health is to do nothing? Be tax-aware. Why are we constantly prodded to take action now! Own a broad set of low-cost equity indices for the best long-term results.

Investments 316

Investments Investing Math Media 316

Abnormal Returns

JANUARY 15, 2024

(riabiz.com) Why women are still struggling to make progress in the world of financial advice. citywire.com) Taxes There simply aren't enough tax preparers to go around. citywire.com) Taxes There simply aren't enough tax preparers to go around. riabiz.com) Avise is a cooperative platform for advisers.

Financial Planner 273

Financial Planner Wealth Management Retirement Planning Financial Advising 273

Nerd's Eye View

OCTOBER 23, 2024

While the financial advice 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.

Clients 246

Clients Financial Advice Financial Planning Financial Advisor 246

Nerd's Eye View

OCTOBER 27, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the shift in financial advice from pure investment management to comprehensive financial planning continues, with more individuals becoming CFP professionals than CFAs in the past few years as consumers increasing the diversity (..)

Financial Planner 246

Financial Planner Financial Advice Financial Advisor Tax Planning 246

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 Education Financial Planning 147

Nerd's Eye View

MAY 29, 2025

investment strategies or tax planning) – can reduce cognitive overload for clients and keep meetings on track. A growing number of FinTech companies – like Holistiplan, Income Lab, fpPathfinder, and Clearnomics – offer ready-made illustrations to help make advice more understandable for clients.

Clients 130

Clients Communication Tax Planning Financial Advice 130

Nerd's Eye View

JANUARY 20, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that several states are considering a series of tax hikes targeting higher-income and ultra-high-net-worth residents after similar proposals failed to pass at the Federal level.

Financial Planner 246

Financial Planner Financial Advice Fee Only Financial Planning 246

Abnormal Returns

DECEMBER 25, 2023

(wealthmanagement.com) Advisers Six lessons learned from 20 years in the business of financial advice. morningstar.com) Wealthy couples have some tax levers to pull in retirement. advisorperspectives.com) Do financial advisers recommend annuities to their clients? riabiz.com) When should you hire?

Financial Advising 284

Financial Advising Startup Commission Financial Advice 284

The Big Picture

MAY 9, 2024

At least one person1 has noticed the risks to young consumers of social media: Since August 2020, @TikTokInvestors has been curating the most outrageous money-losing and dangerous videos culled from the “financial experts” at TikTok. The advice ranges from wrong to risky to criminal: -401ks? Not if you spend tax season on a boat!

Media 336

Media Taxes Math Investments 336

Abnormal Returns

JUNE 14, 2023

open.spotify.com) Taxes 11 tax moves that small business owners should consider. thomaskopelman.com) Donations to NIL collectives are likely not tax-deductible. crr.bc.edu) Lessons learned from the new movie "This is Not Financial Advice." (clippingchains.com) Peter Lazaroff on how to best use HSAs.

Financial Advice 246

Financial Advice Taxes Planning 246

Abnormal Returns

NOVEMBER 7, 2022

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." advisorperspectives.com) Tax-loss harvesting requires proactive client communication. thinkadvisor.com).

Compliance 274

Compliance Wealth Management Advertising Financial Advice 274

Abnormal Returns

FEBRUARY 19, 2024

downtownjoshbrown.com) How indexing has made for a better financial advice industry. thinkadvisor.com) How tax treatment differs across states for 529-to-Roth IRA rollovers. (washingtonpost.com) Daniel Crosby offers another sneak preview of an essay from his upcoming book, "The Soul of Wealth." riaintel.com)

Clients 274

Clients Estate Planning Wealth Management Financial Advice 274

Nerd's Eye View

JULY 17, 2023

has increasingly made financial services products available directly to consumers, financial advisors have focused more and more on the business of financial advice itself. But as technology (in particular, the internet!)

Ethics 245

Ethics Financial Advice CFP Financial Advisor 245

Abnormal Returns

APRIL 1, 2024

(youtube.com) Christine Benz and Amy Arnott talk with Peter Mallouk, President and CEO of Creative Planning, about the 'messy' business of financial advice. morningstar.com) Thomas Kopelman and Jacob Turner talk with Ankur Nagpal about tax considerations when selling a business.

Wealth Management 255

Wealth Management Math Retirement Retirement Planning 255

Nerd's Eye View

JULY 8, 2024

interest rates, and relatively little new tax legislation (yet). After several turbulent years in both markets and workforces, 2024 appears to be the 'most normal' year of late, with strong market performance, cooling (or at least no longer rising!?)

Ethics 239

Ethics Education Financial Advice Communication 239

Nerd's Eye View

MARCH 24, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the CFP Board of Standards launched its 1st ad campaign, dubbed "It’s Gotta Be A CFP", following its transition to a 501(c)(6) organization.

Financial Planner 245

Financial Planner CFP Certification Retirement Planning 245

Nerd's Eye View

SEPTEMBER 6, 2024

Notably, while the rule will create an additional compliance burden, the due diligence advisers offering comprehensive planning services (as well as their investment custodians) are likely already conducting on their clients to create an effective financial plan could be a 'defense mechanism' for these firms against criminals looking to take advantage (..)

Financial Planner 246

Financial Planner Tax Planning Compliance Financial Advice 246

Darrow Wealth Management

NOVEMBER 17, 2022

In November 2022, proponents of the Massachusetts ‘millionaires’ tax (question 1) won their bid to nearly double the income tax rate on individuals with taxable income over $1M a year. As proposed, the new legislation would increase these tax rates to 9% and perhaps even 16% , respectively, starting in 2023.

Taxes 111

Taxes Wealth Management Tax Planning Planning 111

Nerd's Eye View

SEPTEMBER 13, 2024

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' financial advice.

Financial Planner 246

Financial Planner Compliance Fee Only Communication 246

Nerd's Eye View

JANUARY 22, 2024

For example, an advisor may think of "risk management" in terms of life and property insurance coverage, whereas HNW clients may instead think of tax and estate-planning strategies as asset protection measures – particularly for the future wealth of their heirs.

Financial Advisor 246

Financial Advisor Insurance Coverage Charitable Planning Estate Planning 246

Nerd's Eye View

OCTOBER 20, 2023

Read More.

Financial Planner 246

Financial Planner Retirement Planning Retirement Insurance 246

The Big Picture

JUNE 9, 2025

24/7 Financial Advice TikTokInvestors Gell-Mann Amnesia Signal-to-Noise Ratio Lose the News Use the News: Reengineer Your Media Diet Before you accept the investing advice from a random stranger, ask yourself if they are concerned with your comfortable retirement, or buying a new house, paying for your kids college.

Media 306

Media Advertising Investments Investing 306

Nerd's Eye View

FEBRUARY 19, 2024

The 2024 Technology Tools for Today (T3) Advisor Conference, held last month in Las Vegas, Nevada, featured a large gathering of financial advisors and representatives from across the fintech industry. Likewise, while CRM usage has slipped by about 5%, the overall number of advisors who use a CRM still remains at a dominant 92%.

Financial Advice 244

Financial Advice Engineering Consulting Financial Advisor 244

Yardley Wealth Management

JANUARY 21, 2025

Exploring the Benefits of Financial Planning appeared first on Yardley Wealth Management, LLC. Is Talking to a Financial Planner Worth It? Exploring the Benefits of Professional Financial Advice Introduction “Is talking to a financial planner worth it?”

Financial Planner 52

Financial Planner Financial Planning Planning Retirement Planning 52

Abnormal Returns

OCTOBER 23, 2023

riabiz.com) AI Is AI an existential threat to the business of financial advice? riabiz.com) The upside of pro bono financial planning. wealthmanagement.com) Another example of an RIA adding tax capabilities. citywire.com) A list of the top blogs for financial advisors to read. smartasset.com)

Compliance 157

Compliance Estate Planning Financial Advice Financial Planning 157

Nerd's Eye View

JULY 25, 2022

All in pursuit of our mission – Making Financial Advicers Better, and More Successful – through our ongoing focus on Navigational resources, Educational insights, Research on advicers, and Development of advicer skills. A gap our Kitces Courses aim to fill!

Education 244

Education Financial Planning Estate Planning CFP 244

Abnormal Returns

JANUARY 16, 2023

thinkadvisor.com) Taxes Some steps you can take to upgrade your tax-planning game. 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. citywire.com) A CPA shortage is looming.

Financial Advising 130

Financial Advising Wealth Advisor Tax Planning Financial Advice 130