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 215

Financial Planner Compliance CFP Clients 215

Nerd's Eye View

NOVEMBER 10, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a Fidelity benchmarking study revealed that both small and large RIAs saw positive organic growth in 2022, helping to mitigate AUM declines resulting from weak market performance.

Financial Planner 163

Financial Planner Commission Numbers Portfolio 163

Nerd's Eye View

OCTOBER 20, 2023

Notably, this decision has provided both qualitative and quantitative benefits for these advisors, as 85% said they now have more control over their future and 80% saw their assets under management subsequently grow, with a median increase of 42%. Read More.

Financial Planner 207

Financial Planner Retirement Planning Retirement Healthcare 207

Nerd's Eye View

MAY 12, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service. Read More.

Financial Planner 212

Financial Planner Tax Planning Clients Valuation 212

Nerd's Eye View

APRIL 7, 2023

Also in industry news this week: FINRA has announced that, on the heels of its first enforcement action under the Reg BI rules, it will be ramping up its examinations of broker-dealers for potential violations (after a long period of relative leniency when firms were still determining how best to comply with the rule) A recent study from Ameriprise (..)

Financial Planner 207

Financial Planner Ethics Financial Advisor Clients 207

Nerd's Eye View

DECEMBER 8, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a new study from research firm Cerulli has found that investors' willingness to pay for financial advice has risen over the last 15 years, with more investors reporting using a financial advisor (and a decreasing share considering (..)

Financial Planner 195

Financial Planner Numbers Clients Wealth Management 195

Nerd's Eye View

MARCH 8, 2024

to prevent fraud.

Financial Planner 194

Financial Planner Asset Allocation Clients Risk Management 194

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. Creating a compliance calendar for a solo RIA can help to systematize and manage compliance tasks, requirements and deadlines. Read More.

Compliance 234

Compliance Clients Advertising Accounting 234

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. accounting reports, client contract templates, and a surety bond) and filing an annual renewal fee near the end of the year. Read More.

Compliance 236

Compliance Clients Advertising Accounting 236

Steve Sanduski

OCTOBER 24, 2023

On top of that, he’s a co-founder and Chief Evangelist at Practice Intel. To close that gap, advisors may need to start quantifying their relationships to clients so that they can track, measure, and manage more than just return on investment. The biggest financial worry that keeps Preston up at night.

Clients 81

Clients Financial Planning CFP Planning 81

Nerd's Eye View

JUNE 12, 2023

Firms that were returning to the office have done so, those that are staying remote are remaining as such, and either way most advisory firms have figured out how to continue to service and retain clients, and are slowly adapting to finding new (or reinvigorating old) paths to grow at least slowly once again.

Financial Advisor 219

Financial Advisor Financial Planner Professional Services Clients 219

Nerd's Eye View

DECEMBER 19, 2023

In this episode, we talk in-depth about how, after Ted went through the challenge of getting multiple offers to sell his firm and struggled to figure out how to compare them, he found that many other advisors were asking him for advice based on his experience and ultimately decided to build a consulting firm to help fellow advisory firms field and (..)

Financial Advisor 183

Financial Advisor Consulting Marketing Marketing 183

Inside Information

APRIL 26, 2024

(In fact, it would just give consumers a clearer choice: they could freely choose between somebody who has chosen to be paid to recommend certain products vs. a professional who has given up those conflicts and works purely in the best interests of the client.) We hear about ‘professionally-managed’ firms.

Fee Only 40

Fee Only Professional Services Clients Compliance 40

XY Planning Network

OCTOBER 10, 2022

When it comes to being a financial advisor and running your practice, you must wear multiple hats – finance, business development, portfolio management, client relations, marketing, accounting – the list goes on and on. Marketing is just one piece of the puzzle, but it’s an important one. We get it.

Marketing 83

Marketing Marketing Financial Advisor Portfolio Management 83

Steve Sanduski

JANUARY 16, 2024

In a Nutshell: Back in 1999, Mark Hurley dropped a bombshell white paper that predicted the wealth management industry would be consolidated into less than 100 firms, there would be a huge amount of M&A, and the small RIAs would fall by the wayside. The relatively low cost of acquiring new clients vs. their high projected lifetime value.

Wealth Management 59

Wealth Management Management Clients Financial Services 59

Harness Wealth

NOVEMBER 27, 2023

Within the accounting profession, Client Accounting Services (CAS) has emerged as a pivotal offering for entrepreneurial CPAs wishing to help their clients with more than just annual tax filings. Table of Contents What are Client Accounting Services (CAS)? What are Client Accounting Services (CAS)?

Accounting 59

Accounting Clients Compliance Taxes 59

Steve Sanduski

OCTOBER 24, 2023

But there’s a fruitful middle ground between AI’s future potential and current limitations where advisors can find practical ways to streamline processes and focus more of their time on the human side of financial advice. Using AI to enhance, rather than replace, human tasks and deepen advisor – client relationships.

Ethics 59

Ethics Wealth Management Compliance Financial Advice 59

Sara Grillo

APRIL 11, 2023

I have no idea what your specific tech stack for your practice may look like. Financial Advisor Balance Sheet Again, here I tried to map out what the typical assets and liabilities of a financial advisor practice are. Note, this assumes that the advisor is providing both financial planning and investment management services.

Financial Advisor 97

Financial Advisor Management Accounting Consulting 97

Steve Sanduski

AUGUST 21, 2023

Miele , CFP®, Managing Director, Partner, and Chief Business Development Officer with The Andriole Group. Within the practice, Alex specializes in working with high-net-worth individuals and multigenerational families. How Alex and her partners divide management and rainmaking responsibilities. Guest: Alexandra J.

Clients 52

Clients Marketing Marketing CFP 52

International College of Financial Planning

DECEMBER 23, 2023

These professionals work independently or under the umbrella of financial institutions and are specialized in guiding clients through the intricacies of financial planning and investments. However, the level of expertise among financial advisors may vary significantly, underscoring its importance for potential clients.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Financial Planner 52

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. Once cognition or health is impaired, things can become far more difficult for everyone to manage. link] The post Helping Aging Parents Manage and Protect Their Finances appeared first on Carson Wealth.

Management 137

Management Healthcare Medical Estate Planning 137

Harness Wealth

OCTOBER 5, 2023

From quarterly estimated tax planning to equity compensation and crypto tax planning, diversifying your service offerings can not only set you apart from the competition, it can also help you significantly grow your revenue and retain clients. I really enjoy helping my clients with their equity questions and creating a personalized tax plan.

Taxes 59

Taxes Tax Planning Accounting Clients 59

International College of Financial Planning

MARCH 31, 2023

Wealth management is an important aspect of the financial world that focuses on managing wealth to help individuals and families achieve their financial goals. Wealth management involves a range of financial services as an investment, finance, real estate, tax, and risk management.

Wealth Management 52

Wealth Management Management Risk Management Ethics 52

Steve Sanduski

AUGUST 1, 2023

Instead, insurance giant Northwestern Mutual is carving a new lane for itself by adding wealth management to the services its 20,000 advisors, leaders, and team members offer nationwide. Balancing the “client-building” approach to training new advisors the Northwestern way with developing their independence as business owners.

Recruitment 52

Recruitment Clients Financial Advisor Wealth Management 52

NAIFA Advisor Today

AUGUST 24, 2022

Rather than focusing on performance and profits, Forbes selects candidates based on quantitative factors (including production, assets under management (AUM), and client-related trends and data) and qualitative factors (including adherence to best practices, use of team and team dynamics, and level of community involvement).

Assets 52

Assets Clients Management 52

BlueMind

NOVEMBER 24, 2022

Category: Client Relations. The demands of high-net-worth clients are no small feat and can be challenging and daunting to deal with, to say the least. However, acquiring and retaining an HNW client is every financial advisor’s dream. Related: Effective Strategies To Deal With Difficult Clients.

Clients 98

Clients Insurance Financial Advisor Assets 98

Harness Wealth

AUGUST 3, 2023

In this comprehensive guide to starting your own accounting firm, we provide insights on how to successfully transition from employee to founder, how to establish and market your new business, which tools and technology you might consider to take your accounting practice to the next level, and more. The tax industry is changing.

Accounting 52

Accounting Taxes Clients Planning 52

The Chicago Financial Planner

AUGUST 24, 2021

He even sent his own client statements. Besides being a good practice, this is a must to catch both honest mistakes and potentially fraudulent transactions. Besides being a good practice, this is a must to catch both honest mistakes and potentially fraudulent transactions. Related Posts: Choosing A Financial Advisor? -

Financial Advisor 191

Financial Advisor Financial Planner Accounting Retirement 191

eMoney Advisor

MARCH 1, 2023

In fact, statistics show that eight out of every ten women are going to end up responsible for managing either their own wealth or someone else’s. Melissa Walsh, CFA, CFP®, AIF : Expanding Financial Success Through Education Melissa, who started her own practice a few years ago, is working to elevate women’s financial success.

Financial Planning 100

Financial Planning Planning CFP Financial Planner 100

eMoney Advisor

APRIL 25, 2023

However, you don’t have to become a life planner to incorporate conversations about clients’ values into your practice’s data gathering. Values at the Foundation The way people talk about and even manage their money can be an expression of their values. We’ve gathered six for you to consider below. #1

Financial Planning 84

Financial Planning Planning Financial Planner Clients 84

Steve Sanduski

DECEMBER 5, 2023

a Partner in CRA Admired Leadership, a boutique leadership development firm with a large client base in financial services. Suzanne also serves on the faculty at Arizona State University’s Thunderbird School of Global Management. ” Best practices for making better decisions and communicating them to your team.

Communication 59

Communication Financial Services Financial Advisor Management 59

eMoney Advisor

APRIL 20, 2023

SEM and SEO for Financial Advisors Let’s start with the definition of some terms you’ve likely heard while researching online marketing for your practice. Steps to Identify Keywords Effective SEM and SEO for financial advisors rely on finding the best keywords that match the search intent of your potential clients.

Advertising 74

Advertising Financial Advisor Engineering Financial Planning 74

Diamond Consultants

APRIL 18, 2023

Cerulli Associates projects that by 2025, more than a quarter of the industry’s assets will be managed by advisors in RIA channels. While logic would dictate that RIA advisors have far greater day-to-day control over investments and client service than their wirehouse peers, in actuality, most RIA advisors have far less control.

Clients 52

Clients Recruitment Economics Estate Planning 52

eMoney Advisor

FEBRUARY 16, 2023

There’s nothing quite like the flurry of excitement and activity around onboarding a new client and getting started on their financial plan. It’s a busy time—having meetings and conversations to get to know the client, collecting and inputting their information, and helping them uncover their financial hopes and aspirations.

Financial Planning 75

Financial Planning Clients Planning Estate Planning 75

BlueMind

JULY 15, 2022

Unethical investment banking and insurance practices that handed all the risk to the investors resulted in one of the biggest financial crises after the Great Depression. Following are examples of some of the common unethical practices in the financial marketplace. Not accurately disclosing the level of risk of a security to a client.

Compliance 98

Compliance Financial Advisor Certified Financial Planner Clients 98

Sara Grillo

JANUARY 8, 2024

By the way, if you happen to be a small investor looking for financial advice, I have a list of advisors who are open to serving such clients. His goal is to provide professional financial advice for clients small and big, to everyone involved in the company at every level so they can have a more confident financial future.

Financial Planning 64

Financial Planning Accounting Planning Financial Advisor 64

eMoney Advisor

FEBRUARY 28, 2023

It would be difficult to create a holistic financial plan for any client without a full picture of their financial lives. Account aggregation gives financial professionals—and their clients—a complete and centralized view of the client’s financial information.

Accounting 71

Accounting Financial Planning Clients Assets 71