Abnormal Returns

NOVEMBER 7, 2022

wsj.com) Advisers are scrambling to get into compliance with new advertising rules. riabiz.com) Fifth Third Bank ($FITB) has launched an independent wealth advisory firm. advisorservices.schwab.com) Insights from the Schwab study including why firms that have an 'ideal client persona' tend to thrive.

Compliance 264

Compliance Wealth Management Advertising Financial Advice 264

Nerd's Eye View

JULY 25, 2023

In this episode, we talk in-depth about how Rita experienced the evolution of broker-dealer platforms throughout her decades-long career where the technology and compliance, that was once the core of what Super-OSJs provided, is now increasingly supplanted by more in-depth services to support their advisors, how Rita has grown and scaled her platform (..)

Financial Advisor 242

Financial Advisor Compliance Recruitment Insurance 242

Nerd's Eye View

DECEMBER 4, 2023

Welcome to the December 2023 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 financial advisors!

Financial Advisor 205

Financial Advisor Clients Planning Distribution 205

Nerd's Eye View

SEPTEMBER 12, 2023

Jason is the CEO of Altruist, a relatively new RIA custodian that has quickly grown to serve more than 3,500 advisory firms across the country, making it the 4th-largest independent RIA custodian by firm count. Welcome back to the 350th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jason Wenk.

Financial Advisor 204

Financial Advisor Investing Investments Financial Advice 204

Nerd's Eye View

JULY 31, 2023

Many financial advisors who launch solo advisory firms do so with the intention of adding more employees once the firm becomes big enough to support them. There are 2 points in a firm's growth journey that can help solo advisors decide when to make their first hire.

Clients 220

Clients Numbers Planning Financial Advisor 220

Abnormal Returns

APRIL 10, 2023

(financial-planning.com) Frazer Rice talks family offices with Edward Marshall, Head of the Global Family Office at Dentons, the international law firm. podcasts.apple.com) Direct indexing Savvy Wealth has launched a direct indexing tool. etftrends.com) How to create a better onboarding process for new employees. nytimes.com)

Tax Planning 206

Tax Planning Clients Taxes Planning 206

Nerd's Eye View

MARCH 12, 2024

What's unique about Eric, though, is that Abundo has grown its base of 420 clients, and is on pace for well over $1M of revenue in 2024, despite having launched barely 4 years ago… with an "advice-only" business model of providing comprehensive financial planning for $189/month and helping clients implement themselves, that has generated so much (..)

Clients 130

Clients Financial Advisor Financial Planning Media 130

Nerd's Eye View

JULY 26, 2022

Amy is the owner of Rooted Planning Group, an independent RIA based in Corning, New York that oversees $67 million in assets under management for 175 client households.

Financial Planner 226

Financial Planner Management Planning Financial Advisor 226

Nerd's Eye View

JUNE 12, 2023

While 2023 got off to a bumpy start for many advisory firms, still smarting from a rough prior year of market returns (and volatile revenue), a relative return to ‘normalcy’ means that for most, the advisory business has reached whatever its new post-pandemic normal will be.

Financial Advisor 214

Financial Advisor Financial Planner Professional Services Clients 214

The Big Picture

JUNE 3, 2023

Sethi is also the host of the Netflix series “ How To Get Rich ,” which is based on his New York Times bestselling book “ I Will Teach You to Be Rich “; he also hosts a podcast of the same name. His interest in the subject started in 2004, when he was studying technology and psychology at Stanford University.

Education 326

Education Assets Government Management 326

Abnormal Returns

JUNE 12, 2023

citywire.com) Wealthfront has launched Automated Bond Portfolio. wsj.com) Adviser tech Pershing X has launched a new wealth management platform, Wove. riabiz.com) Canadian private equity firm Altas Partners has agreed to invest in Mercer Global Advisors. etftrends.com) Robo-advice Why the SEC is scrutinizing robo advice.

Wealth Management 130

Wealth Management Financial Advice Financial Planning Planning 130

The Big Picture

JANUARY 20, 2024

Businessweek ) • America’s New Business Boom : Americans Have Been Forming New Businesses at Record Rates. New Yorker ) • The Barcode Engineered Its Own Downfall : For decades, the tiny symbol has been the plumbing of global capitalism. But is This a Real Startup Boom—or Just The Rise of Gig Work and Side Hustles?

Startup 158

Startup Advertising Engineering Accounting 158

Abnormal Returns

JULY 3, 2023

Fintech Why fintech startups need advisers onboard to help them sell to wealth management firms. beehiiv.com) A round-up of the past month's advisor-tech news including Vanilla's new "estate advisory" platform. riaintel.com) How iCapital is spending its capital - launching iCapital Marketplace. matts-newsletter-7a3f46.beehiiv.com)

Estate Planning 181

Estate Planning Wealth Management Recruitment Startup 181

Nerd's Eye View

JANUARY 26, 2023

For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. Advisory firm owners can start by assessing how growth would impact themselves, their employees, and the firm.

Communication 188

Communication Clients Financial Advisor Business Planning 188

Nerd's Eye View

NOVEMBER 7, 2022

This month's edition kicks off with the news that a new RIA custodian – Entrustody – has launched, as independent RIAs continue to clamor for more alternatives than what has now become the ‘Big 2’ of Schwabitrade and Fidelity.

Risk Tolerance 167

Risk Tolerance Compliance Startup Clients 167

Nerd's Eye View

MAY 4, 2023

One of the biggest challenges faced by solo financial advisory firm owners as their firms grow and encounter capacity issues is deciding whether (and when) to hire an employee. Furthermore, determining the right time to hire an employee and which role to hire first can also be challenging decisions for solo firm owners.

Clients 178

Clients Communication Management 178

Abnormal Returns

NOVEMBER 28, 2023

(rogersplanning.blogspot.com) Companies Amazon ($AMZN) has launched its own AI chatbot. advisorhub.com) Why private banks fight over law firm relationships. calculatedriskblog.com) A measure of new tenant rent are way below the measure of CPI rent. cnbc.com) Twilio ($TWLO) has attracted an activist investor or two.

Financial Advising 205

Financial Advising Advertising Economy Media 205

Wealth Management

OCTOBER 23, 2023

The firm has also launched a new capital solutions program, as it kicks off its annual ConnectED conference this week.

115

115

Nerd's Eye View

APRIL 16, 2024

Ashley is the Founder of Beyond The Plan, a consulting firm based in Evans, Georgia, that offers a Fractional Financial Behavioral Officer service including consulting and training to advisory firms and even direct meeting support for new or existing clients. My guest on today's podcast is Ashley Quamme.

Clients 130

Clients Planning Financial Advisor Consulting 130

Nerd's Eye View

AUGUST 29, 2022

For most advisory firms, 2022 has been a year of relative stability, market volatility notwithstanding. Which means now it’s time once again to take at least a brief pause to get some feedback about how we’re doing. Because we really do take your feedback seriously.

Financial Advisor 184

Financial Advisor CFP Taxes Clients 184

Nerd's Eye View

DECEMBER 2, 2022

Also in industry news this week: Why a former SEC official expects the regulator to come out swinging when it comes to enforcing its new marketing rule. Why it is important to identify the specific skill sets of firm employees and ensure that they are in sync with the requirements of their position.

Financial Planner 168

Financial Planner Retirement Planning Retirement Financial Planning 168

Nerd's Eye View

MAY 19, 2023

And amid this backdrop, several AdvisorTech tools have added AI capabilities that could further streamline advisory firms’ middle- and back-office tasks and processes. Read More.

Financial Planner 183

Financial Planner CFP Financial Advisor Clients 183

Nerd's Eye View

FEBRUARY 20, 2024

What's unique about Ben, though, is that he spent 13 years successfully working his way up the career track at a growing advisory firm, starting as an intern and eventually making partner… only to realize within 18 months that it wasn't a good culture fit for him and that he'd need to leave, but then figured out how to take on passive equity (..)

Startup 130

Startup Financial Advisor Clients Wealth Management 130

Nerd's Eye View

SEPTEMBER 6, 2022

Andy is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households.

Tax Planning 246

Tax Planning Financial Advisor Retirement Financial Planner 246

Abnormal Returns

FEBRUARY 16, 2024

netinterest.co) Van Eck has settled charges that it failed to disclose it was paying Barstool Sports CEO Dave Portnoy to help launch and promote its VanEck Social Sentiment ETF. (fa-mag.com) howardlindzon.com) VC firm Foundry Group is shutting down. frontofficesports.com) Passing to yourself is the hot new move in the NBA.

Financial Advising 173

Financial Advising Media Sales Investing 173

Nerd's Eye View

AUGUST 9, 2022

Anna is the founder of Dare to Dream Financial Planning, an independent RIA based in New York City that has grown to more than $400,000 of annual revenue in barely 3 years by building a focused base of 32 ongoing clients coupled with more than a dozen project-based planning clients who go through a one-day financial planning intensive.

Financial Advisor 175

Financial Advisor Financial Planning Clients Planning 175

The Big Picture

JANUARY 2, 2023

Merry Christmas, Happy New Year, and all the rest of the seasonal glad tidings for you and yours in 2023. He had gone from working at a big law firm to a legal publishing house to what was essentially a law-related tech startup. When that firm got bought by Yahoo in the late 1990s, he relocated to Palo Alto.

Startup 342

Startup Accounting Banking Management 342

Abnormal Returns

MAY 22, 2023

citywire.com) Estate planning Can new estate planning platforms put the adviser at the center of the process? wealthmanagement.com) Carson Group and Trust & Will announced a new partnership (thinkadvisor.com) Direct indexing For what clients is direct indexing appropriate? riabiz.com) Why Bain Capital invested in CI Private Wealth.

Financial Advising 130

Financial Advising Estate Planning Wealth Management Compliance 130

Nerd's Eye View

AUGUST 22, 2023

In this episode, we talk in-depth about how, in 2001, Cary left her Director of Marketing role at Lord Abbett selling mutual funds and in the face of the tech crash realized that mutual fund companies were so cutting their marketing budgets that she may as well just launch her own advisory practice instead, how after years of growing successfully on (..)

Financial Advisor 182

Financial Advisor Media Sales Clients 182

Nerd's Eye View

FEBRUARY 6, 2023

And be certain to read to the end, where we have provided an update to our popular “Financial AdvisorTech Solutions Map” (and also added the changes to our AdvisorTech Directory) as well! And for #AdvisorTech companies who want to submit their tech announcements for consideration in future issues, please submit to TechNews@kitces.com!

B2B 199

B2B Financial Advice Clients Planning 199

Abnormal Returns

JULY 21, 2023

(podcasts.apple.com) Patrick O'Shaughnessy talks with Josh Kushner, founder and managing partner of VC firm Thrive Capital. ritholtz.com) Jeff Malec talks with Jerry Parker about launching an ETF. joincolossus.com) Finance Ted Seides talks with THE Seth Klarman, CEO and Portfolio Manager of The Baupost Group.

Startup 221

Startup Portfolio Management Portfolio Management 221

Nerd's Eye View

MAY 22, 2023

Traditionally, financial planning internship programs have offered students who are aspiring financial planners a way to prepare for entering the workforce by gaining real-world experience in advisory firm settings (as well as a way to get their foot in the door with prospective employers).

Financial Planning 206

Financial Planning Planning Financial Planner Certification 206

Advisor Perspectives

DECEMBER 13, 2023

To solve this, Practice Intel , a new firm led by Dr. Preston Cherry , Tom Rieman , Larry Shumbres , and Nick Gudz , among others, has launched. Because, despite their best efforts, financial advisors aren’t hitting the core attributes of comprehensive advice.

Valuation 105

Valuation Financial Advice Financial Advisor Clients 105

Nerd's Eye View

MAY 23, 2023

Meg is the Founder and Lead Financial Planner for Flow Financial Planning, a virtual RIA serving mid-career women in tech that oversees almost $60 million in assets under management for 60 client households.

Clients 226

Clients Financial Advisor Financial Planner Financial Planning 226

Nerd's Eye View

AUGUST 16, 2022

Neel is the Founder of Shah Total Planning, which itself is a combination of Beacon Wealth Solutions (an independent RIA) and Shah & Associates (a law firm) in Monroe Township, New Jersey, and oversees $57 million in assets under management for 50 client households.

Financial Advisor 244

Financial Advisor Estate Planning Clients Planning 244

Nerd's Eye View

AUGUST 16, 2022

Neel is the Founder of Shah Total Planning, which itself is a combination of Beacon Wealth Solutions (an independent RIA) and Shah & Associates (a law firm) in Monroe Township, New Jersey, and oversees $57 million in assets under management for 50 client households.

Financial Advisor 239

Financial Advisor Estate Planning Clients Planning 239

Nerd's Eye View

APRIL 26, 2023

One of the most intimidating aspects of launching a solo advisory firm is the question of how to manage compliance. The 1st category of tasks that advisory firms must handle involves renewing their registration with the applicable state(s) in which they do business each year, which typically involves submitting select documents (e.g.,

Compliance 233

Compliance Clients Advertising Accounting 233