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As a result, financialadvisors should start honing the services Gen X members will likely benefit from the most, including retirement planning, estate and taxplanning and mortgage refinancing. trillion annually over the next decade as part of the great wealth transfer, a new report finds. trillion annually.
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.
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey of U.S. Other key findings from the survey included a gap between long-term investment return expectations of investors and advisors (12.6%
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.,
In recent years, financialadvisors have increasingly embraced taxplanning as a core element of delivering value to clients. While common wisdom suggests that only CPAs, EAs, or attorneys are authorized to give tax advice, this is only strictly true in limited contexts, such as in promoting abusive tax shelters.
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.
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.
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.
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.
based accounting firm, is taking a page from large registered investmentadvisors by bringing together taxes and wealth management. July 17, 2025 3 Min Read Innovative CPA Group co-founder Anthony Minopoli The Innovative CPA Group, a Shelton, Conn.-based
RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth RIA Edge Podcast: Schwab’s Jalina Kerr on How Resilient RIAs Can Turn Market Volatility Into Growth Jalina Kerr of Charles Schwab shares how the most adaptive firms are expanding beyond portfolio management, into areas like estate and taxplanning.
As the year comes to a close, now is the time to review potential financial moves to help minimize your tax burden heading into 2025. Proactive year-end taxplanning can lead to significant savings and set you up for financial success in the new year.
Welcome to the February 2025 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financialadvisors!
Texting for financialadvisors has shifted from being a novelty to a necessary part of client communication. Advisors now meet clients where they are: on their phones. Texting for FinancialAdvisors Texting for financialadvisors is more than a time-saver. It’s a trust-building channel.
Key Highlights Content marketing helps financialadvisors stand out and earn trust from potential clients. When advisors share valuable content for a specific target audience, they can attract new clients and boost their online presence. It helps advisors show their thought leadership and grow their business.
Welcome to the April 2025 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financialadvisors!
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 taxplan to address the impending sunset of many measures in the 2017 Tax Cuts and Jobs Act.
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
After decades of working, saving, and investing, pivoting to spending down your accumulated wealth can be surprisingly difficult. She joins Barry Ritholtz to discuss what you need to know about planning for retirement. She’s published numerous books on money investing and retirement.
3 Small Ways to See Big Marketing Results Financialadvisors often feel overwhelmed by the idea of tackling marketing. What many of them dont realize is that seeing big results doesnt have to mean investing major amounts of time or money. Why is video content so effective for financialadvisors?
Mastering the Call to Action for FinancialAdvisors: Stop Saying “Book a Call” Let’s talk about your call to action for financialadvisors. But for many financialadvisors, that CTA ends up being a button that says…“Book a Call.” As a financialadvisor , clarity and trust are everything.
In contrast, your financial life often lacks such clear signals. Yet just like your vehicle, your financialplan benefits from regular maintenance and timely adjustments. At Tobias FinancialAdvisors, we view financialplanning as an ongoing process designed to evolve with your life.
He has authored many articles that have appeared in prominent estate planning and taxation journals, magazines and newsletters, including Lawyer's Weekly, Trusts & Estates Magazine, Estate Planning Magazine, Journal of Taxation, Tax Management Estates, Gifts and Trusts Journal. located in Wellesley, Massachusetts.
Unexpected events can derail your progress toward your goals and even your financial security if you don’t have a plan for managing them. Financialplanning should ideally involve every area of your financial life because they are all interrelated. Taxplanning. Diversification.
Whether clients support the policies with cash gifts or split-dollar, the discussion of options will necessarily involve a combination of insurance planning, taxplanning, income and gift tax-oriented wealth transfer planning and investmentplanning. See more from Charles L.
We also get you up to speed on the tax benefits of using a DAF. If you've heard of a DAF and are curious about incorporating it into your giving and taxplanning strategy, this article is for you. Key Takeaways: Contributions to a donor-advised fund reduce your tax bill in the year your contribution is made.
Engage in tax-loss harvesting Tax-loss harvesting is a strategy that helps investors reduce their taxable income by leveraging losses in their investment portfolios. Tax-loss harvesting works by selling investments that have declined in value to offset gains from other investments or, in some cases, ordinary income.
While most taxpayers dont need to worry about estate and gift taxes, having significant assets can make them a challenge. Also, like most UHNW individuals, you may have income from several sources like investments, real estate, and business interests that may require special taxplanning. Donate to qualified charities.
This method ensures that financial obligations and goals are met in a systematic and efficient manner. In this article, we’ll break down the concept of waterfall wealth distribution, its benefits, and how it compares to traditional investment strategies. Strategic long-term planning – Provides a roadmap for surplus wealth allocation.
Funds that have already been taxed wont be subject to double-taxation. If you wait until age 59 1/2 to take money out of a Roth IRA and have passed the more than five years holding period, then your investment earnings and growth will also be tax-free! Always consider the specifics of your tax situation and financial goals.
Consulting with a taxadvisor from Harness can help you understand the complexities and implications of an 83(i) election in-depth, and can help you make the right decision for your specific needs. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs.
In this comprehensive guide, we’ll explore proven strategies to help you minimize tax liability while staying compliant with current regulations. In this comprehensive guide, we’ll explore proven strategies to help you minimize tax liability while staying compliant with current regulations.
To help make this process more approachable and efficient, our financialplanning and advisory teams at Tobias FinancialAdvisors now use Vanilla, an estate planning software, designed by estate attorneys, and powered by AI. Were here to ensure your financial goals and legacy are on track.
Exercise strategy: Timing: Consider the tax implications of exercising vested options before or after the IPO, timing of sales, and taxplanning opportunities. Cash flow: Depending on the type of equity you have, exercising can be challenging given tax implications and having cash to buy the stock.
Tax-loss harvesting is a powerful strategy that investors can use to reduce their taxable income. This type of strategy typically involves selling underperforming investments at a loss to offset capital gains (or ordinary income) to optimize portfolio returns. Is tax-loss harvesting right for you? Starting at $1,500 per year.
The platform itself does not offer financial advice Scenario-Based Guide: Hypothetical Investor Examples – Scenario 1: Linda, 68 — Planning for RMDs and Legacy Background : Linda holds a significant Traditional IRA and is approaching required minimum distributions (RMDs). What is a fiduciary advisor?
Think of it as the tax system’s way of protecting your purchasing power. Smart Ways to Grow Your Investments Here’s some welcome news for investorsthe tax benefits for long-term investments continue in 2025. tax that could apply to those gains.
and foreign income or miscalculating the FEIE can result in audits or lost tax benefits, and it’s advisable to seek professional tax advice to avoid mistakes and optimize deductions for the best financial outcome. Get started Harness makes it easy to find tax and financialadvisors best suited to your needs.
Note that non-deductible IRAs differ from money in a Roth IRA where withdrawals are tax-free provided the requirements are met Regardless of the type of contribution above, the overall funding limit is the lesser of: $7,000 in 2024 and 2025, $8,000 (if age 50+), or your earned income. An additional 3.8%
But you might consider increasing your impact by setting up a structured , long-term philanthropic plan such as an endowment. An endowment is a portfolio of assets that is invested to provide support for a cause. Donations to endowment funds are tax-deductible, giving them a place in your overall financial management and taxplan.
Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Please contact your financial, tax, and legal professionals for more information specific to your situation.
When you have the resources to make an impact, this type of planning helps you pinpoint what you want to accomplish for your family, community, and society. Steps to Setting Up a Philanthropy Fund Taking the proper steps in the beginning can give your charitable giving plan a solid foundation. Honestly, it can be.
Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financialadvisors including topics covering technical planning, practice management, advisor marketing, career development, and more.
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