Nerd's Eye View

FEBRUARY 2, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a Morningstar survey has found that financial advisory clients are more likely to stick with their advisor for emotional reasons rather than investment returns alone.

Financial Planner 207

Financial Planner Compliance CFP Clients 207

Nerd's Eye View

FEBRUARY 23, 2024

Which suggests that instead of trying to go head-to-head with these larger firms (and their heftier marketing budgets) in attracting clients, smaller firms might instead demonstrate how they are 'different' by offering a unique service offering tailored to their ideal target clients.

Financial Planner 197

Financial Planner Certification CFP Financial Advice 197

Nerd's Eye View

AUGUST 15, 2023

Welcome back to the 346th episode of the Financial Advisor Success Podcast ! Jim is the founder of MainStreet Financial Planning, an hourly, fee-only financial planning firm, and also created Procrastination Junction, a coaching program for fee-only financial advisors looking to improve their sales skills.

Fee Only 232

Fee Only Clients Financial Planning Financial Advisor 232

Nerd's Eye View

JANUARY 24, 2024

As more Americans are living well into their 80s and even into their 90s, the spectrum of risks that an aging population faces is only getting wider.

Estate Planning 201

Estate Planning Accounting Clients Financial Advisor 201

Nerd's Eye View

JANUARY 24, 2024

As more Americans are living well into their 80s and even into their 90s, the spectrum of risks that an aging population faces is only getting wider.

Clients 194

Clients Estate Planning Accounting Financial Advisor 194

Nerd's Eye View

AUGUST 25, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent CFP Board survey indicates that consumers do not expect AI tools to replace human financial advisors, but rather supplement advisors' work. Read More.

Financial Planner 203

Financial Planner Retirement Retirement Planning Advertising 203

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. But, with the rise of index funds and the commoditization of investment advice, generating sufficient investment ‘alpha’ to justify a fee has become more challenging for advisors.

Clients 210

Clients Fee Only Planning Advertising 210

Nerd's Eye View

DECEMBER 16, 2022

Also in industry news this week: While the FPA is going full steam ahead on its federal and state lobbying efforts to regulate the title “financial planner”, CFP Board is more focused on increasing recognition of the CFP marks. How firms can best leverage their internal data to improve the number of client referrals they receive.

Financial Planner 228

Financial Planner CFP Financial Advisor Retirement Planning 228

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. But, with the rise of index funds and the commoditization of investment advice, generating sufficient investment ‘alpha’ to justify a fee has become more challenging for advisors.

Fee Only 202

Fee Only Portfolio Clients Planning 202

Abnormal Returns

MAY 29, 2023

Podcasts Michael Kitces talks with Meg Bartelt of Flow Financial Planning about evolving her practice. kitces.com) Brendan Frazier talks with Bari Tessler, author of "The Art of Money: A Life-Changing Guide to Financial Happiness." 1, 2026 and becomes a big problem for reactive RIAs who fail to help clients take action now."

Wealth Management 191

Wealth Management Financial Advising Estate Planning Banking 191

Nerd's Eye View

FEBRUARY 8, 2023

Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S. But given that the U.S. While many features of the TSP (e.g., While many features of the TSP (e.g.,

Planning 237

Planning Retirement Retirement Planning Government 237

Abnormal Returns

JANUARY 30, 2023

(standarddeviationspod.com) Michael Kitces talks Jennifer Climo, the CEO and a Senior Advisor for Milestone Financial Planning, about the logistics of merging two practices in just 7 years. youtube.com) Bruce Kelly and Jeff Benjamin talk all things Betterment with Thomas Moore, director of Betterment for Advisors.

Management 189

Management Nonprofit Financial Planning Communication 189

Nerd's Eye View

DECEMBER 23, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, ”, a series of measures that will have significant impacts on the world of retirement planning.

Financial Planner 202

Financial Planner Retirement Planning Financial Planning Distribution 202

Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S.,

Financial Planner 229

Financial Planner Retirement Taxes Insurance 229

Nerd's Eye View

AUGUST 23, 2023

Charitable Gift Annuities (CGAs) have long been a popular way for individuals with charitable intentions to plan their legacies. in an IRA or 401(k) plan) to contribute to the Charitable Gift Annuity, they would need to withdraw – and be taxed on – those funds first. But the SECURE 2.0 But the SECURE 2.0

Taxes 229

Taxes Retirement Clients Estate Planning 229

Nerd's Eye View

NOVEMBER 9, 2022

One of these changes was the ability for children to remain on their parents’ health insurance plan until they reach age 26. Notably, funds in an HSA that are withdrawn for any reason other than for qualified medical expenses before age 65 are subject to a 20% early withdrawal penalty.

Accounting 235

Accounting Taxes Healthcare Medical 235

Nerd's Eye View

JULY 20, 2022

One way to do so is through a sabbatical, and advisors can play an important role in supporting clients who are interested in taking this step. However, longer sabbaticals do carry more substantial financial and career ramifications that require careful planning, especially when extensive travel plans are involved.

Retirement 209

Retirement Financial Planning Planning Clients 209

Nerd's Eye View

DECEMBER 30, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the passage of “SECURE Act 2.0” ” has brought a wide range of changes to the world of retirement planning. Enjoy the ‘light’ reading! Read More.

Financial Planner 190

Financial Planner Retirement Planning Clients Planning 190

Nerd's Eye View

AUGUST 15, 2022

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives.

Clients 163

Clients Financial Advice Financial Planning Fee Only 163

Nerd's Eye View

JUNE 9, 2023

And given the opaque nature of many private investments, financial advisors could play an important role in helping their clients assess whether these opportunities make sense for their portfolio and broader financial plan.

Financial Planner 163

Financial Planner Financial Advisor License Retirement 163

Nerd's Eye View

AUGUST 15, 2022

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives.

Clients 148

Clients Financial Advice Financial Planning Fee Only 148

Nerd's Eye View

AUGUST 4, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that credit ratings agency Fitch on Tuesday downgraded its assessment of the U.S. government's creditworthiness from an AAA rating to AA+. Read More.

Financial Planner 197

Financial Planner Retirement Planning Compliance Retirement 197

Abnormal Returns

FEBRUARY 13, 2023

(standarddeviationspod.com) Peter Lazaroff talks with Dasarte Yarnway about the importance of diversity in financial services and how to increase it. kitces.com) Matt Reiner talks client expectations with Daniel Crosby who is the Chief Behavioral Officer at Orion Advisor Solutions. forbes.com) A ten-point Medicare primer.

Clients 209

Clients Retirement Financial Services Taxes 209

Nerd's Eye View

OCTOBER 27, 2023

Read More.

Financial Planner 203

Financial Planner Financial Advice Financial Advisor Tax Planning 203

Nerd's Eye View

OCTOBER 21, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass a series of changes affecting retirement planning, dubbed “SECURE ACT 2.0”, ”, by the end of the year. Social Security COLA for 2023.

Financial Planner 154

Financial Planner Retirement Planning Retirement Insurance 154

Nerd's Eye View

OCTOBER 6, 2023

Read More.

Financial Planner 237

Financial Planner CFP Certification Communication 237

Nerd's Eye View

SEPTEMBER 16, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a report from Future Proof, dubbed the “world’s largest wealth festival”, held this week on(!) Huntington Beach, California.

Financial Planner 193

Financial Planner Retirement Retirement Planning Numbers 193

Nerd's Eye View

JANUARY 31, 2023

Welcome back to the 318th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ali Swart.

Clients 193

Clients Retail Financial Advisor Recruitment 193

Nerd's Eye View

OCTOBER 18, 2022

Welcome back to the 303rd episode of the Financial Advisor Success Podcast ! equivalent of nearly $60 million in assets under management for 115 client households. My guest on today's podcast is Louis van der Merwe.

Financial Planning 130

Financial Planning Planning Management Investing 130

Abnormal Returns

OCTOBER 3, 2022

Podcasts Michael Kitces talks with Joe Duran about building United Capital and his role at Goldman Sachs Personal Financial Management. kitces.com) Ted Seides talks with Matt Brown is the CEO of CAIS, the leading investment platform that connects independent financial advisors with managers in alternative strategies.

Numbers 130

Numbers Wealth Management Financial Advising Retirement 130

Carson Wealth

APRIL 4, 2024

There are both practical and emotional challenges to consider before you step in and take over your parents’ financial situation. A recent study found that only 38% of Americans have talked to their parents about their current and future financial situation. How do you begin to navigate this new reverse dynamic? It’s not always easy.

Management 137

Management Healthcare Medical Estate Planning 137

WiserAdvisor

MARCH 13, 2024

Achieving financial freedom in retirement requires meticulous planning, dedicated effort, and strategic management. Without a solid plan, you risk drifting without direction. When aiming for financial independence, the importance of a structured approach should be emphasized. It also minimizes errors and oversights.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

WiserAdvisor

FEBRUARY 21, 2023

Financial abuse, frauds, and scams are common in today’s day, and age, and the elderly are the most common victims of these frauds. According to the National Council on Aging, at least one in 10 community-dwelling older adults has witnessed some kind of abuse. million people aged 65 and above in the country.

Financial Advisor 104

Financial Advisor Clients Estate Planning Education 104

Carson Wealth

MARCH 7, 2024

By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? Although there are some basic guidelines, your financial life is as unique as your fingerprint. Goals will evolve, and thus our plan must evolve as well.

Retirement Planning 143

Retirement Planning Retirement Planning Risk Tolerance 143

BlueMind

FEBRUARY 15, 2023

Category: Client Relations Financial planning is difficult for anyone, and even more so for someone who is a special needs person or has such a family member. Throughout your career as a financial advisor, many opportunities may arise for you to take on special needs clients.

Financial Planning 97

Financial Planning Clients Planning Financial Advisor 97

eMoney Advisor

APRIL 4, 2023

As a financial professional, you are likely aware of what the media is calling the Great Wealth Transfer—where $84 trillion is set to be passed to younger generations over the next two decades. 1 But have you been putting any effort into ensuring you will continue to work with the heirs of this wealth when your older clients hand it over?

Education 97

Education Financial Advisor Clients Planning 97

Integrity Financial Planning

NOVEMBER 20, 2023

We’re going to break down each one of the phases and explain some important financial moments in each. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like.

Retirement 88

Retirement Budgeting Medical Distribution 88