Financial Planning, Numbers and Planning - Financial Advisor Source

Are Financial Plans Getting Too Comprehensive: How The ‘Sledgehammer Of Value’ Isn’t Actually Paying Off

Nerd's Eye View

OCTOBER 23, 2023

Many financial advisors take pride in the comprehensive nature of the advice they provide to clients and use the variety of services offered as a point of differentiation between themselves and other types of advisors.

Financial Planning

Financial Planning Planning Clients Financial Planner

50th Anniversary Of The CFP Marks: The Journey, Current State Of CFP Board, And Growing The Financial Planning Profession

Nerd's Eye View

SEPTEMBER 25, 2023

In the mid-20th century, the first phone call for a person who needed guidance on saving or planning for retirement was likely to be to a stockbroker or a mutual fund or insurance salesperson. So, in the late 1960s, a movement began to organize and promote best practices that would establish financial planning as a true profession.

CFP

CFP Financial Planning Planning Certification

Advice Engagement Strategies: 4 Core Areas To Motivate Clients To Be More Active In The Financial Planning Process

Nerd's Eye View

APRIL 24, 2023

But by focusing on advice engagement strategies and encouraging clients to become more engaged in the planning process, advisors can help clients become more motivated to take action, which will ultimately serve to improve their planning outcomes. Read More.

Financial Planning

Financial Planning Clients Planning Education

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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#FA Success Ep 359: Building A Financial Planning Assessment To Show Clients Progress And Value Over Time, With Eric Miller

Nerd's Eye View

NOVEMBER 14, 2023

What's unique about Eric, though, is how he leverages a custom-built financial planning assessment he calls their Financial Prosperity Index, which he gives to both prospective and ongoing current clients so that they can better understand their financial health, target the financial planning domains where clients need the most help, and even more (..)

Financial Planning

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Why Checklist-Style Financial Planning Works: What Advisors Can Learn From Dave Ramsey’s Baby Steps

Nerd's Eye View

SEPTEMBER 21, 2022

But Dave Ramsey's huge following in the general public – and the number of people who testify that his methods have helped them make progress towards their financial goals – suggests that there is clearly something in his approach that resonates with many people.

Financial Planning

Financial Planning Planning Financial Advice Clients

Beware of Impostors: MainStreet Financial Planning, Inc Sets the Record Straight

MainStreet Financial Planning

JANUARY 31, 2024

In the vast world of financial services, it’s crucial to distinguish between legitimate businesses and those seeking to exploit unsuspecting individuals. MainStreet Financial Planning , Inc. Please also note that the name of our financial planning firm is spelled differently.

Financial Planning

Financial Planning Planning Tax Planning Commission

Personal Financial Planning Articles

Ballast Advisors

OCTOBER 6, 2023

2022 Key Numbers Plan Your Finances as You Would Your Exercise 2021 Year-End Tax Tips 1 2 3 Next » Claim the Home Energy Audit Tax Credit: IRS Guidance Explained 7 Tips to Navigate Healthcare Over 65 What’s Happening in the World of Higher Education?

Financial Planning

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How Getting Women Into Financial Planning Can Benefit Everyone

Walkner Condon Financial Advisors

JUNE 2, 2023

The importance of getting women into financial planning feels like it should go without saying. Unfortunately, we’re not quite there yet as a society, since as of 2022, the Bureau of Labor Statistics reports only a third of financial advisors are women. In 2022, nearly 42% of the externships participants were women.

Financial Planning

Financial Planning Planning CFP Financial Advisor

How Estate and Gift Taxes Can Impact Your Financial Plan

Carson Wealth

FEBRUARY 29, 2024

It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. What do you need to consider about gifting as it relates to your overall estate plan? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset. Taxes on Giving???

Taxes

Taxes Financial Planning Planning Estate Planning

Amplifying 8 Asian-American Voices in Financial Planning

eMoney Advisor

MAY 1, 2023

.” Only 4 percent of Certified Financial Planner™ professionals identify as Asian American or Pacific Islander (AAPI), though they make up 6.2 1,2 Despite the small numbers, AAPI professionals remain the largest ethnic minority within the financial planning profession. percent of the American population.

Financial Planning

Financial Planning Planning Financial Planner CFP

Financial Planning Tips For Advisors with Special Needs Clients

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. Related: How Financial Advisors Should Engage With Female Clientele? An RDSP is an important tool when planning for a special needs client.

Financial Planning

Financial Planning Clients Planning Financial Advisor

6 Values Exercises to Enhance Financial Planning for Couples

eMoney Advisor

APRIL 25, 2023

Values conversations are part of a shift toward a more human-centered, holistic financial planning approach in the industry that can be seen in publications like The Psychology of Financial Planning by the CFP Board. 5 Values conversations can be especially beneficial for couples, and the planning process.

Financial Planning

Financial Planning Planning Financial Planner Clients

Financial Planning for Entrepreneurs

WiserAdvisor

JULY 1, 2022

The number of entrepreneurs in America has exponentially increased over the past few years. That said, entrepreneurship can sometimes be cumbersome in spirit, especially in terms of financial planning. Why is financial planning important for entrepreneurs? Why is financial planning important for entrepreneurs?

Financial Planning

Financial Planning Planning Financial Planner Retirement

Financial Planning Opportunities in a Volatile Market

eMoney Advisor

MARCH 21, 2023

Historically, staying the course and following a financial plan has outperformed rash investment decisions when there are times of uncertainty in the financial market. But it takes a strong plan—and no small amount of willpower—to do this.

Financial Planning

Financial Planning Planning Marketing Marketing

Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently

eMoney Advisor

FEBRUARY 9, 2023

Of an estimated 104 million households seeking some level of financial advice, 88 million of those households want that advice from a financial professional. In this overview, we will explore the demographics of each stage, the financial planning needs of people in each stage, and strategies for serving them.

Financial Planning

Financial Planning Clients Planning Education

4 Financial Planning Tips for Small Business Owners

MazumaBusinessAccounting

JULY 7, 2021

Financial planning is essential for anyone who wants to achieve financial independence. The goal of financial planning is to help you reach your financial goals, whether that be retiring by a certain age or having the money to open a new business. Establish personal & business financial goals.

Financial Planning

Financial Planning Planning Financial Planner Certified Financial Planner

How to Present a Financial Plan: 4 Tips for Greater Engagement

eMoney Advisor

JANUARY 10, 2023

When financial professionals know how to effectively present a financial plan, they can better engage clients in the planning process and earn clients for life. Presenting a financial plan, however, isn’t as simple as running through the numbers. Communicate Clearly and Effectively.

Financial Planning

Financial Planning Planning Financial Planner Communication

Estate Planning: A Key Part of Any Financial Plan

Harness Wealth

JUNE 23, 2023

Estate planning is a critical component of a comprehensive financial plan. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. There are many different types of trusts, each designed to address specific estate planning needs.

Estate Planning

Estate Planning Financial Planning Planning Taxes

How Listing Fees On Advisory Firm Websites Can Clearly Communicate The Cost (And Value) Of Planning

Nerd's Eye View

MARCH 20, 2023

But even as fee-only financial planning has gained in popularity and advisory firm websites have become ubiquitous, it can still sometimes be hard for prospective clients to determine how much they would pay for advice before actually reaching out to the firm. the complexity of the prospect’s financial situation).

Communication

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What is a Financial Plan, and How Do I Make One?

Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important?

Financial Planning

Financial Planning Planning Financial Planner Wealth Management

Weekend Reading For Financial Planners (May 18-19)

Nerd's Eye View

MAY 17, 2024

Also in industry news this week: The SEC this week announced a proposed rule that would require RIAs to collect and verify their clients' personal information in an effort to prevent illicit activity, though many firms likely are taking many of these steps already Why larger RIAs and those that have been acquired tend to have worse client and staff (..)

Financial Planner

Financial Planner Wealth Management Retirement Investment Planning

Pro Tips for Using Client Education to Boost Financial Planning

eMoney Advisor

JANUARY 31, 2023

But my thinking changed when I realized that as a planning-led firm, we should be providing more to our clients than market updates—we were missing a big opportunity. Developing topics, engaging speakers, and creating presentation content are all time-consuming and require careful advanced planning.

Education

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Adviser links: more than the numbers

Abnormal Returns

OCTOBER 3, 2022

thereformedbroker.com) What is comprehensive financial planning? obliviousinvestor.com) If people could trust financial advisers, then marketing costs could come down. kitces.com) The best HSA providers ranked, per spending and investing.

Numbers

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5 Questions Using Risk Assessment Data That Help Advisors Understand Clients’ True Concerns About Risk

Nerd's Eye View

MAY 8, 2024

Like any other data point that an advicer may collect, there are stories behind the numbers, and the true power of a risk assessment is in its ability to help an advicer begin a conversation that encourages clients to share their stories. Read More.

Clients

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Weekend Reading For Financial Planners (April 27-28)

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner

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End of Life Planning

MainStreet Financial Planning

APRIL 15, 2024

The estate planning documents may be done, but is there anything else to really feel comfortable that you’ve prepared all you could when you pass away? After my mom passed, I had been helping my dad get his estate planning documents and other financial activities in order.

Planning

Planning Estate Planning Numbers Insurance

Jason Pereira on Using AI to Optimize and Grow Your Financial Planning Practice

Steve Sanduski

JUNE 13, 2023

What Dunbar’s Number tells us about the optimal size of your practice. How AI can help you determine “where to shoot first” as you develop your financial planning recommendations. ChatGPT and I Recorded a Podcast My “conversation” with ChatGPT about AI, financial services, and the future.

Financial Planning

Financial Planning Planning Financial Planner Ethics

How To Manage Strong Emotions When Asking Clients Kinder Life Planning Questions

Nerd's Eye View

AUGUST 10, 2022

When financial planning clients think about their future, they might imagine a relaxing retirement, world travel, or other pleasant experiences. What they’re probably not considering is their own death, even though everyone’s time remaining on Earth is finite (even if the number of years they have left is unknowable).

Clients

Clients Planning Management Financial Planning

Chalk Talk: Cash Flow Planning

MainStreet Financial Planning

MARCH 2, 2023

“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 3-21-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How : Zoom Meeting, Free to ongoing clients; $10 for guests Register here!

Planning

Planning Financial Planning CFP Clients

How Your Health Should Factor Into Your Financial Planning

WiserAdvisor

MAY 3, 2023

Health and financial planning must go hand in hand to ensure you always have enough savings to tackle the unexpected. From medical expenses to the impact of illness or disability on your ability to earn a living, your health can have a significant effect on your financial well-being. What is health or medical financial planning?

Financial Planning

Financial Planning Planning Healthcare Medical

The Latest In Financial #AdvisorTech (February 2024)

Nerd's Eye View

FEBRUARY 5, 2024

This month's edition kicks off with the news that financial planning software platform RightCapital has launched a workflow management tool called RightFlows to help advisors manage and assign steps in the financial planning process to team members and clients – which on the one hand capitalizes on advisor demand for workflow solutions tailored (..)

Estate Planning

Estate Planning Financial Planning Planning Wealth Management

#FA Success Ep 356: Scaling To (Nearly) $2M Of Revenue As A Flat-Fee, Advice-Only Firm, With Sarah-Catherine Gutierrez

Nerd's Eye View

OCTOBER 24, 2023

Welcome to the 356th episode of the Financial Advisor Success Podcast ! Sarah-Catherine is the founder of Aptus Financial, a fee-only financial planning firm based in Little Rock, Arkansas, that is approaching $2M in revenue and works with over 480 client households.

Financial Advisor

Financial Advisor Financial Planning Planning Fee Only

Why Should You Care About Financial Planning?

Workable Wealth

OCTOBER 14, 2020

Financial planning can take your money game up a notch by bringing clarity, strategy, and intention to your financial life. A healthy financial plan gives you the tools to take control of your finances and start living your life with passion, purpose, and freedom. So what’s the value of a financial plan?

Financial Planning

Financial Planning Planning Insurance Coverage Tax Planning

From Unprofitable To $115M AUM: Reinventing A 2nd Generation Advisory Business By Finding The Right Niche

Nerd's Eye View

JULY 10, 2023

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family.

Financial Planning

Financial Planning Retirement Planning Clients

Weekend Reading For Financial Planners (May 4-5)

Nerd's Eye View

MAY 3, 2024

At the same time, the study found that potential breakaway brokers view the operational and compliance requirements of transitioning to and doing business as an RIA as a major concern, which could lead some of them to either leverage the growing number of service providers available to RIAs, or perhaps join an existing corporate RIA platform to take (..)

Financial Planner

Financial Planner Healthcare Retirement Financial Advisor

Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)

The Chicago Financial Planner

NOVEMBER 27, 2022

One of the best tax deductions for a small business owner is funding a retirement plan. If you don’t plan for your own retirement who will? Two popular small business retirement plans are the SEP-IRA and Solo 401(k). I generally consider this a plan for the self-employed. You need to start a retirement plan today.

Retirement Planning

Retirement Planning Retirement Planning Financial Planner

Helping veterans and military with financial planning

Nationwide Financial

NOVEMBER 10, 2022

When engaging in financial planning with your veteran and military clients, there are many unique obstacles and situations to consider. Not only will the lifestyle of military members differ from civilian clients, but there many financial benefits available to veterans from the U.S. Investing for veterans.

Financial Planning

Financial Planning Planning Education Clients

Financial Planning Questions You Should Ask Your Clients

BlueMind

MAY 10, 2022

To succeed as a financial advisor your focus should be more than just finance, investing, and a retirement plan. With the competition becoming fierce in the growing financial industry, you need an edge to set yourself apart from your competitors. Your main focus should be your client and not just numbers and targets.

Financial Planning

Financial Planning Clients Planning Financial Advisor

#FA Success Ep 336: Showing Prospects An (Asset) Map To Generate More Advice Engagement, With H. Adam Holt

Nerd's Eye View

JUNE 6, 2023

Welcome back to the 336th episode of the Financial Advisor Success Podcast ! Adam is a principal with RubinGoldman and Associates, and the Founder and CEO of Asset-Map, a financial planning tool that helps financial advisors create a visual representation of their clients’ financial situation, reaching over 1.25

Assets

Assets Financial Advisor Financial Planning Insurance

Weekend Reading For Financial Planners (February 10-11)

Nerd's Eye View

FEBRUARY 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors.

Financial Planner

Financial Planner Fee Only CFP Commission

Goal Setting: Not Just About the Numbers. It’s About Emotional Connections.

Don Connelly & Associates

MAY 15, 2023

Beyond offering the technical expertise to help clients navigate the complex realm of financial planning, the most valuable service financial advisors bring to the table is helping them align the use of their resources with the things that are most important to them. The post Goal Setting: Not Just About the Numbers.

Numbers

Numbers Financial Planning Financial Advisor Clients

Kitces & Carl Ep 130: Helping Everyone You Can Vs Getting Paid What You’re Really Worth

Nerd's Eye View

JANUARY 25, 2024

It also doesn't hurt that advicers can earn a good living, and can also build their practices in any number of ways that fit their personal preferences, needs, and goals!) It's no wonder, then, that the profession attracts individuals who are highly service-minded and enjoy helping others. (It

Financial Advice

Financial Advice Clients Financial Planning Numbers

Weekend Reading For Financial Planners (April 13-14)

Nerd's Eye View

APRIL 12, 2024

Also in industry news this week: A recent study indicates that advisors charging clients on a monthly subscription basis hiked their fees by an average of 6% in 2023, raising the salience of how advisors can most effectively communicate fee increases to clients A survey suggests that while financial advisors are increasingly aware of Artificial Intelligence (..)

Financial Planner

Financial Planner Recruitment Insurance Financial Advisor

Weekend Reading For Financial Planners (October 14-15)

Nerd's Eye View

OCTOBER 13, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with a new study from Herbers & Company that provides insight into the financial planning services that consumers demand the most, and which services financial advisory firms offer the most often.

Financial Planner

Financial Planner Financial Planning Client Management Clients

Are Financial Plans Getting Too Comprehensive: How The ‘Sledgehammer Of Value’ Isn’t Actually Paying Off

50th Anniversary Of The CFP Marks: The Journey, Current State Of CFP Board, And Growing The Financial Planning Profession

Webinars

Trending Sources

Advice Engagement Strategies: 4 Core Areas To Motivate Clients To Be More Active In The Financial Planning Process

Webinars

#FA Success Ep 359: Building A Financial Planning Assessment To Show Clients Progress And Value Over Time, With Eric Miller

Why Checklist-Style Financial Planning Works: What Advisors Can Learn From Dave Ramsey’s Baby Steps

Beware of Impostors: MainStreet Financial Planning, Inc Sets the Record Straight

Personal Financial Planning Articles

How Getting Women Into Financial Planning Can Benefit Everyone

How Estate and Gift Taxes Can Impact Your Financial Plan

Amplifying 8 Asian-American Voices in Financial Planning

Financial Planning Tips For Advisors with Special Needs Clients

6 Values Exercises to Enhance Financial Planning for Couples

Financial Planning for Entrepreneurs

Financial Planning Opportunities in a Volatile Market

Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently

4 Financial Planning Tips for Small Business Owners

How to Present a Financial Plan: 4 Tips for Greater Engagement

Estate Planning: A Key Part of Any Financial Plan

How Listing Fees On Advisory Firm Websites Can Clearly Communicate The Cost (And Value) Of Planning

What is a Financial Plan, and How Do I Make One?

Weekend Reading For Financial Planners (May 18-19)

Pro Tips for Using Client Education to Boost Financial Planning

Adviser links: more than the numbers

5 Questions Using Risk Assessment Data That Help Advisors Understand Clients’ True Concerns About Risk

Weekend Reading For Financial Planners (April 27-28)

End of Life Planning

Jason Pereira on Using AI to Optimize and Grow Your Financial Planning Practice

How To Manage Strong Emotions When Asking Clients Kinder Life Planning Questions

Chalk Talk: Cash Flow Planning

How Your Health Should Factor Into Your Financial Planning

The Latest In Financial #AdvisorTech (February 2024)

#FA Success Ep 356: Scaling To (Nearly) $2M Of Revenue As A Flat-Fee, Advice-Only Firm, With Sarah-Catherine Gutierrez

Why Should You Care About Financial Planning?

From Unprofitable To $115M AUM: Reinventing A 2nd Generation Advisory Business By Finding The Right Niche

Weekend Reading For Financial Planners (May 4-5)

Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)

Helping veterans and military with financial planning

Financial Planning Questions You Should Ask Your Clients

#FA Success Ep 336: Showing Prospects An (Asset) Map To Generate More Advice Engagement, With H. Adam Holt

Weekend Reading For Financial Planners (February 10-11)

Goal Setting: Not Just About the Numbers. It’s About Emotional Connections.

Kitces & Carl Ep 130: Helping Everyone You Can Vs Getting Paid What You’re Really Worth

Weekend Reading For Financial Planners (April 13-14)

Weekend Reading For Financial Planners (October 14-15)

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