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 202

Financial Planner Retirement Planning Retirement Healthcare 202

Wealth Management

OCTOBER 9, 2023

This article examines three key use cases where AI can benefit financial advisors: practice management, client engagement and prospecting.

Financial Advisor 127

Financial Advisor Clients Management 127

Nerd's Eye View

OCTOBER 13, 2023

The study also identified factors that separated firms experiencing the greatest organic growth from others, which include offering a comprehensive suite of services, having a higher 'close' rate with prospects, and, perhaps counterintuitively, a lack of satisfaction with their client experience.

Financial Planner 203

Financial Planner Financial Planning Client Management Clients 203

Nerd's Eye View

JANUARY 22, 2024

In the early days of wealth management, a financial advisor's value proposition was relatively explicit, typically focusing on a limited range of portfolio management activities (e.g., selling and trading) or on sales-oriented advice that centered on implementing insurance products.

Financial Advisor 190

Financial Advisor Insurance Coverage Charitable Planning Estate Planning 190

Nerd's Eye View

JULY 10, 2023

Gary Siperstein, Jason's father, had built a successful investment management firm exclusively focused on managing portfolios of small-cap value stocks. Jason's next move was to shift the firm away from pure investment management by incorporating comprehensive financial planning for his clients. Read More.

Financial Planning 233

Financial Planning Retirement Planning Clients 233

Nerd's Eye View

JULY 18, 2023

What's unique about Nancy, though, is that after going through her own 'do-it-yourself' divorce process – and then discovering after the fact that none of it was enforceable after her ex-husband chose not to comply with the agreement – she decided to become a divorce expert to help other women avoid the same fate… and in the process (..)

Financial Planning 152

Financial Planning Planning Financial Advisor Financial Planner 152

Nerd's Eye View

APRIL 9, 2024

Andrew is the Managing Partner of Geometric Wealth Advisors, an RIA based in Washington, D.C., that oversees approximately $750 million in assets under management for about 200 client households. Welcome to the 380th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andrew Leonard.

Financial Advisor 130

Financial Advisor Consulting Wealth Advisor Clients 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. My guest on today's podcast is Andy Panko.

Tax Planning 246

Tax Planning Financial Advisor Retirement Financial Planner 246

Nerd's Eye View

SEPTEMBER 29, 2023

Also in industry news this week: After experiencing a downturn over the past few quarters, RIA M&A activity ticked higher in the 3rd quarter amid continued interest from sellers and increasing costs for internal succession A recent study shows that housing-related costs are more likely than healthcare spending to cause unexpected spending shocks (..)

Financial Planner 205

Financial Planner Healthcare Investment Planning Clients 205

Nerd's Eye View

DECEMBER 25, 2023

Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.

Financial Advisor 207

Financial Advisor Financial Planner Insurance Clients 207

Abnormal Returns

AUGUST 21, 2023

Podcasts Jason Wenk and Dasarte Yarnway talk with Michael Kitces about advisor tech and practice management. wiredplanning.com) Michael Kitces talks with Jim Ludwick about turning prospects into clients. kitces.com) Crypto Securitize is buying Onramp.

Portfolio 130

Portfolio Estate Planning Banking Retirement 130

Abnormal Returns

JUNE 19, 2023

investmentnews.com) Practice management Why now may be a time to raise fees, especially if you have been adding services over time. wealthmanagement.com) Preparing a free financial plan is no guarantee a prospective client will sign up. (riabiz.com) Take the gripes you read on Twitter with a grain of salt.

Financial Advising 194

Financial Advising Financial Planning Media Retirement 194

Nerd's Eye View

SEPTEMBER 7, 2023

A recent McKinsey report surveying growth in the wealth management industry predicted that the struggles of small RIA firms would increase as larger firms continue to grow and overshadow the industry. Yet, despite that many smaller firms have enjoyed success, scaling the business remain to be challenging prospects for those aiming to grow.

Clients 192

Clients Wealth Management Communication Financial Planning 192

Nerd's Eye View

SEPTEMBER 15, 2023

Also in industry news this week: The SEC agreed to a series of settlements with 9 RIAs resulting from charges of improper use of hypothetical returns in advertising under the regulator's marketing rule How several CEOs of large RIAs and AdvisorTech companies have found that receiving funding from private equity firms and taking the responsibility for (..)

Financial Planner 216

Financial Planner Retirement Retirement Planning Advertising 216

Nerd's Eye View

APRIL 14, 2023

Also in industry news this week: The Foundation For Financial Planning has gotten a boost toward its goal of connecting 10,000 CFP professionals with pro bono work thanks to increased funding from Orion Advisor Solutions FINRA has resubmitted a proposal, now with tighter rules, that would allow a broker working remotely to supervise other brokers, (..)

Financial Planner 172

Financial Planner Retirement Planning CFP Financial Planning 172

Nerd's Eye View

DECEMBER 26, 2023

Rob is the CEO and Founder of NorthRock Partners, an RIA based in Minneapolis, Minnesota, that oversees $5 billion in assets under management for 1,500 client households. My guest on today's podcast is Rob Nelson.

Financial Advisor 137

Financial Advisor Clients Assets Insurance 137

Nerd's Eye View

JUNE 16, 2023

Also in industry news this week: A recent survey suggests that while individuals who work with financial advisors find them to be valuable, those who have not worked with an advisor before do not necessarily understand the value an advisor can provide The SEC is considering a new rule regarding advisers’ use of Artificial Intelligence tools, (..)

Financial Planner 204

Financial Planner Advertising Clients Taxes 204

Nerd's Eye View

MARCH 19, 2024

Meredith is the Founder & CEO of Artisan Financial Strategies, a hybrid advisory firm based in Alpharetta, Georgia, that oversees $77M in assets under management for 120 client households. My guest on today's podcast is Meredith Moore.

Financial Advisor 169

Financial Advisor Recruitment Clients Assets 169

Nerd's Eye View

OCTOBER 7, 2022

The SEC has brought charges against a former broker who sold his practice to an individual who ended up defrauding the seller’s clients. We also have a number of articles on practice management: Five key metrics that underpin advisory firm sustainability.

Financial Planner 181

Financial Planner Retirement Planning Retirement Economy 181

Abnormal Returns

AUGUST 8, 2022

riabiz.com) a16z is expanding its wealth management ambitions. investmentnews.com) Citibank ($C) has big hiring plans to build out its wealth management practice targeting young professionals. wealthmanagement.com) The latest in advisor tech news including the launch of prospecting tool Catchlight.

Wealth Management 130

Wealth Management Retirement Insurance Clients 130

Nerd's Eye View

MARCH 5, 2024

Rob is the Senior Partner of NWF Advisory, a hybrid firm based in Los Angeles, California, where he oversees nearly $500M in assets under management for 200 client households. My guest on today's podcast is Rob Schultz. Read More.

Clients 130

Clients Financial Advisor Medicine Financial Planner 130

Don Connelly & Associates

FEBRUARY 27, 2023

In recent posts, we have outlined why financial advisors must master critical habits for prospecting, calling, and selling, without which success can be elusive. If your business lacks direction or you can't manage your time effectively, you are essentially practicing your craft on borrowed time.

Financial Advisor 52

Financial Advisor Management Business Planning Planning 52

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

Nerd's Eye View

NOVEMBER 14, 2022

In the not-so-distant past, the typical career path toward becoming a financial advisor was to build up a book of business on one’s own, often by either tapping into one’s own personal networks or cold-calling prospective clients in bulk to generate enough business to gain a foothold.

Recruitment 162

Recruitment Clients Commission Financial Advisor 162

Indigo Marketing Agency

APRIL 28, 2023

What does this have to do with me, the prospective buyer? If I am a prospective buyer, I may be put on the defensive by the headline, as I’m not sure I want you rainmaking with my money. Too many titles and keywords can be confusing to prospects. Just because you love doing something doesn’t make you good at it.

Certified Financial Planner 130

Certified Financial Planner Wealth Management Financial Advisor Consulting 130

Nerd's Eye View

MARCH 8, 2024

to prevent fraud.

Financial Planner 189

Financial Planner Asset Allocation Clients Risk Management 189

International College of Financial Planning

FEBRUARY 23, 2024

It equips individuals with the necessary knowledge and skills to offer comprehensive financial advice, manage wealth, and navigate clients through complex financial decisions. This can lead to better job prospects, higher earning potential, and the possibility of starting their own financial planning services.

Financial Planner 52

Financial Planner Certification CFP Certified Financial Planner 52

International College of Financial Planning

JANUARY 31, 2024

Enhanced Career Prospects and Earnings: Specialized training in finance often correlates with better job prospects and higher salaries. Professional Development Courses: These courses are customized to update or expand your knowledge, focusing on the latest trends and practices in the finance sector.

Certification 52

Certification Education Financial Planning Wealth Management 52

The Big Picture

NOVEMBER 1, 2022

Making the cost of capital practically nothing had all sorts of ramifications, not the least of which was to make risk assets – stocks bonds real estate, etc. It reports price increases with a very distinct lag and has trouble managing rapidly rising or falling home prices. Collapse in Prospective Home Buyer Traffic (October 18, 2022).

Economy 304

Economy Banking Assets Management 304

Nerd's Eye View

JULY 4, 2023

Melissa is the Founder of Pearl Planning, an independent RIA based in Dexter, Michigan, that oversees more than $175 million in assets under management for 251 client households. My guest on today's podcast is Melissa Joy.

Financial Advisor 204

Financial Advisor CFP Clients Assets 204

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

Don Connelly & Associates

JUNE 12, 2023

That is why many practice management consultants recommend that financial advisors establish a niche to more quickly build their businesses, focusing on a more targeted market they can dominate rather than a broader market they can vanish in.

Financial Advisor 52

Financial Advisor Marketing Marketing Financial Planning 52

eMoney Advisor

DECEMBER 14, 2022

Many were looking for tips on finding prospective clients or were curious about what key performance indicators they should be tracking in their practice. 6 Effective Financial Professional Prospecting Tactics. Get advice on key performance indicators (KPIs) for your practice. What gets measured gets managed, right?

Financial Planner 78

Financial Planner Financial Planning Retirement Clients 78

Sara Grillo

APRIL 15, 2024

In this podcast you’ll learn: How she charges as an hourly planner What her service offering looks like How she started her practice The benefits of hourly planning vs. AUM fee models What the challenges are if you are not charging AUM fees Enjoy the show! See you in the next one!

Financial Planner 59

Financial Planner Financial Advisor Consulting Financial Planning 59

Sara Grillo

JANUARY 12, 2024

I have a newsletter in which I send you one actionable, practical marketing tip a day. Or if you want more… Learn what to say to prospects on social media messenger apps without sounding like a washing machine salesperson. Grillo Investment Management, LLC will strive to maintain current information however it may become out of date.

Financial Advisor 52

Financial Advisor Consulting Wealth Management Management 52

eMoney Advisor

JUNE 8, 2023

Many would agree it’s crucial in theory, but in practice, a lack of inclusive practices across the industry has made the experience less than ideal for LGBTQ+ clients and nontraditional families. 2 If you’re ready to do just that, read our new eBook, Candid Conversations: LGBTQ+ Planning. Sources: 1. Gallup, “U.S.

CFP 85

CFP Financial Planning Clients Financial Planner 85

Nerd's Eye View

SEPTEMBER 19, 2022

Early on, the ‘financial plan’ was primarily used as a way to demonstrate a prospective client’s ‘gaps’ and needs for products such as mutual funds or life insurance (which the advisor would then be ready to sell to the client). What’s notable, however, is that the most ‘productive’ (i.e.,

Financial Planner 180

Financial Planner Certified Financial Planner Financial Planning CFP 180