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trillion annually over the next decade as part of the great wealth transfer, a new report finds. trillion annually over the next decade as part of the great wealth transfer, a new report finds. trillion annually over the next decade as part of the great wealth transfer, a new report finds.
The Diamond Podcast for FinancialAdvisors: 10 Ways Top Advisors Are Growing Their Businesses The Diamond Podcast for FinancialAdvisors: 10 Ways Top Advisors Are Growing Their Businesses A “Top 10” list of firm-level innovations and grassroots methodologies from some of the most successful advisors, teams and firms in the business.
While many firms have historically relied on commission-based compensation methods – reflecting a sales-driven approach – financial advice has evolved with technological advancements and a greater focus on financialplanning, with the Assets Under Management (AUM) fee emerging as the primary compensation model.
Welcome to the 412th episode of the FinancialAdvisor Success Podcast ! Anjali is the Founder of FIT Advisors, an RIA based in Torrance, California (but works virtually with clients nationwide) and oversees $65 million in assets under management for 45 client households. Welcome everyone! Read More.
Health Savings Accounts (HSAs) have become an increasingly popular tool for financialadvisors and their clients due in part to the 'triple tax savings' they offer: tax-deductible contributions, tax-free growth, and non-taxable distributions for qualifying expenses.
Financialadvisor conferences are not what they used to be. Once the domain of membership associations that, especially amongst independent financialadvisors, created a central space for networking and community, conferences were primarily built around professional development (i.e.,
Elaine Misonzhnik , Senior Editor, Investments June 23, 2025 4 Min Read Iaremenko/iStock/Thinkstock Investor interest in digital assets might be growing, but concerns about the security and regulatory uncertainty around the asset class mean that Bitcoin and crypto ETFs remain the most likely avenues for allocation.
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all handshake hurdles M&A Understanding the Client Retention Hurdle in RIA Sales Understanding the Client Retention Hurdle in RIA Sales by Derek (..)
Fun conversation in Barron’s about Steering Clients Away From Bad Investing Mistakes. Douglas Boneparth of Bone Fide Wealth, Jennifer Li of EP Wealth Advisors, and yours truly. By John Kimelman Barron’s May 01, 2025 The post Steering Clients Away From Investing Mistakes appeared first on The Big Picture.
During periods of market volatility, it's common for financialadvisors to receive calls from clients who are nervous about what a steep market decline might mean for their portfolio and long-term financial goals. But even when a client agrees with the reasoning in the moment, the anxiety often lingers.
During periods of market volatility, it's common for financialadvisors to receive calls from clients who are nervous about what a steep market decline might mean for their portfolio and long-term financial goals. But even when a client agrees with the reasoning in the moment, the anxiety often lingers.
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.
Given how little time prospects spend evaluating their options, it's crucial to understand why people hire financialadvisors and to communicate how their services address those drivers as clearly and effectively as possible. Financially motivated prospects, meanwhile, benefit from clarity and specificity.
So far, I’ve written about AI notetaker Jump and its integration with the financialplanning application RightCapital , and the AI-powered financialplanning application and company Conquest Planning and its $80 million fund raise to help accelerate its U.S. It has become a challenge to keep up with new rollouts.
Welcome to the 423rd episode of the FinancialAdvisor Success Podcast ! Cristina is the CEO of Mana Financial Life Design, an RIA based in Los Angeles, California (but works virtually with clients nationwide), that oversees approximately $70 million in assets under management for 119 client households. Welcome everyone!
She's also the host of The Healthy Advisor , a podcast focused on advisor health and wellbeing. EP Wealth Hires Integrations Head From Captrust $32.6B EP Wealth Hires Integrations Head From Captrust $32.6B New York Team From Ameriprise Raymond James Adds $1.1B New York Team From Ameriprise The Valhalla, N.Y.
If you are someone who loves a good Do It Yourself (DIY) challenge, whether it is fixing your own car or kitchen sink, you might think investing is just another task you can master on your own. Self-investing, or DIY investing, is incredibly popular. But there is another group of investors who swear by their financialadvisors.
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.
Welcome to the 443rd episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Griffin Kirsch. Griffin is the owner of GK Wealth Management, an RIA based in Reno, Nevada, that oversees $200 million in assets under management for 450 client households. Read More.
Katie Greifeld July 2, 2025 2 Min Read Bloomberg photo (Bloomberg) -- Vanguard Group is planning its debut into an increasingly competitive corner of the $11.6 Katie Greifeld July 2, 2025 2 Min Read Bloomberg photo (Bloomberg) -- Vanguard Group is planning its debut into an increasingly competitive corner of the $11.6
They usually carry lower fees than other share classes and require minimum investments that vary by fund, but can be as high as five or six figures. The move nearly doubles the number of institutional, no transaction fee (INTF) funds available through Schwab’s platform to approximately 2,000 from 58 asset managers.
Apart from new laws and changes in regulations, it is also important to pay attention to emerging investment trendsevery year. The financialplanning industry is constantly undergoing change. Financialadvisors should take these factors into account to ensure their clients receive the right experience.
Related: Allworth’s Latest Deal Signals a Shift in M&A Strategy Carson Group Acquires $300M Affiliate Carson Group, the $42 billion registered investmentadvisor, has acquired another location out of its Carson Wealth partner network. California RIA Deals & Moves: Focus Partners Wealth Merges in $5.6B a suburb of Nashville.
For these clients, financialadvisors can offer meaningful ongoing value by introducing and supporting a strategy known as "Coast FIRE". Coast FIRE can be an attractive option for clients who value career flexibility, but the strategy also comes with both financial risks (e.g.,
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B
Without proper planning, healthcare expenses can quickly consume a significant portion of retirement savings. Healthcare financialadvisors are invaluable in helping individuals tackle this complexity. They can build a more resilient financial strategy for retirement.
When starting to search for a financialadvisor, investors may not realize the different types of advisors out thereand theyre not all trying to sell you something. If youre looking for a fee-only financialadvisor or wealth manager, its probably because you know fee-only advisors don’t sell products.
Welcome to the 421st episode of the FinancialAdvisor Success Podcast ! Welcome everyone! My guest on today's podcast is Daniel Friedman. Daniel is the CEO of WMGNA, a hybrid advisory firm based in Farmington, Connecticut, that oversees approximately $270 million in assets under management for 200 client households. Read More.
There’s so much going on as far as investment in that space, and firms like Addepar and Orion competing. We will be launching their new client portal here shortly this summer. I think that in the next 12 to 24 months, we will fully solidify what our future needs will be, whether that’s Tamarac or others.
Mason, a former advisor who was barred from the industry, was sentenced to 97 months in prison and three years of supervised release for defrauding at least 13 advisory clients out of more than $17 million, according to the Department of Justice. Mason, who ran Rubicon Wealth Management, a registered investmentadvisor in Gladwyne, Pa.,
Freelancing is liberating, but without a solid financialplan, it can also be unpredictable. As a freelancer, you juggle not only your craft but also your finances, taxes, and retirement planning. That’s where financialplanning for freelancers comes in. Plan for taxes ahead of time 4.
Where should an advisor look to improve on this? A recent study by SmartAsset , a service for connecting consumers with financialadvisors, highlights the states around the country where advisors might have the most significant opportunities to attract new clients. The company recently ranked 44 U.S.
What Is FinancialPlanning and Why Does It Matter in a Crisis? Financialplanning begins with a thorough analysis of your short- and long-term financial situation, including all sources of income, your current spending patterns and debt, and your plans for the future.
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.
Welcome to the 433rd episode of the FinancialAdvisor Success Podcast ! based business and financial services conglomerate OneDigital to provide the financial backing and corporate connections to support PWL Capital in its next growth phase (including through acquisitions of its own with other like-minded firms in Canada).
In recent years, financialadvisors have increasingly embraced tax planning as a core element of delivering value to clients. AI meeting notetakers can assist in documenting these interactions, but advisors should review the tools’ output carefully to ensure no inadvertent ‘recommendations’ are implied.
But we’re a financialplanning-based firm, which creates some simplicity in how we allocate assets. Obviously, the value is a big part of that because I know those other systems are significantly more expensive. They do have a lot more bells and whistles. Depending on your firm type, you may need those bells and whistles.
To prepare, firms must: Invest in clean, normalized data infrastructure Identify repeatable tasks that can be agentically delegated Train internal teams to supervise AI agents, not just manage software Rethink client experience in terms of context and continuity, not clicks and forms Because make no mistake: the borders are falling.
Key Highlights A referral program helps financialadvisors grow their businesses. Introduction In the busy area of financial advisory services, getting new clients is important for success. Old marketing methods still have their place, but referral marketing is a better option for financialadvisors today.
For advisors, this is an important exercise that can provide clarity and set the stage for a strong finish to the year. It doesn’t require a significant time investment—just a willingness to be honest about what’s working, what’s not and what needs to change. And the best part? Is my day-to-day work aligned with what energizes me?
Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all handshake hurdles M&A Understanding the Client Retention Hurdle in RIA Sales Understanding the Client Retention Hurdle in RIA Sales by Derek (..)
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