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Weekend Reading For Financial Planners (November 16-17, 2024)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the latest Fidelity RIA Benchmarking Study shows that while RIAs saw gains in AUM and revenue last year, their operating margins tightened, suggesting that rising expenses are cutting into firm profits.

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Exit Planning for Founders: How to Minimize Taxes in an Acquisition

Harness Wealth

With proper planning, certain tax obligations can be legally deferred, reduced, or in some cases eliminated entirely. To maximize the value you ultimately receive from your exit, incorporating comprehensive tax planning into your strategy is highly advantageous.

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Reversing a Roth IRA Conversion

Harness Wealth

The potential for tax-free inheritance makes Roth IRAs particularly attractive for legacy planning. Qualified beneficiaries can receive distributions without incurring income taxes, creating a valuable wealth transfer tool. Schedule a consultation with our team of retirement planning specialists at Harness today.

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Incorporating the Financial Planning Hierarchy of Needs to Achieve Holistic Financial Planning

eMoney Advisor

As client expectations continue to evolve, there is an opportunity for financial planners to broaden and deepen their service offerings by providing holistic financial planning. Financial safety includes insurance and an emergency fund to help prepare for unforeseen events and risks.

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Accelerate Your Career With the CFP® Fast Track Course

International College of Financial Planning

Whether you are already a professional in the financial sector or just beginning your journey, earning the Certified Financial Planner (CFP®) designation can be a game-changer. The CFP® Fast Track course offers a quick, efficient pathway to certification, allowing you to accelerate your career in the financial planning industry.

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Average Fees for Financial Advisors in 2023

Harness Wealth

Besides the fees paid by clients, fee-based advisors may also receive commissions on certain financial products they sell. Between $1,000 and $3,000 A comprehensive financial plan could cost $2,000. Between $6,000 and $10,000 per year An annual relationship with a financial planner could cost $8,000.

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Tax Advisor Q&A: How to Build Better Tax Client Relationships Through Life Event Planning

Harness Wealth

These numbers show an opportunity for tax practices to build deeper, meaningful relationships with their clients, helping them to navigate some of life’s most challenging financial decisions. And you’ll see in our Q&A below, that tax advisors can bring estate planning into the conversation early on in a client relationship.

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