- How to Start a Financial Advisor Business
Starting a financial advisor business is an opportunity to share your knowledge and expertise to help clients reach their financial goals — and, of course, to earn a living for yourself. If you’re a newly minted financial advisor, you might… read more…
- How to Make First-Year Financial Advisory Goals
Getting started as a financial advisor requires a certain amount of planning to ensure that your business has everything it needs to succeed. Setting specific goals for your first year can give you some targets to aim for as you… read more…
- How Advisors Should Counsel Clients During Tax Law Uncertainty
The 2024 presidential election and anticipated 2025 sunsetting of the Tax Cuts and Jobs Act (TCJA) are creating tax-related uncertainty for advisors and clients alike. But there is still time for clients, especially high-net-worth individuals, to prepare accordingly. Read on… read more…
- How to Buy a Financial Advisor Practice
Buying a financial advisor practice could be a wise investment if you’re interested in scaling an existing business. If the purchase includes a stable client base, that could open the door to an increase in your revenues. Likewise, you might… read more…
- Financial Advisor Tips for Effective Goal-Setting
Goal setting is an important element in your success as a financial advisor. Having clear goals to work toward can give you the motivation you need to scale while helping you to develop a focused plan for doing so. Some… read more…
- Do Investors Want to Invest in Index Funds?
Many retail investors are interested in index strategies but lack an understanding of how they work, according to a recent survey. In fact, many retail investors say they want more information on index funds. But they don’t recall their financial… read more…
- 4 Lessons Advisors Can Learn From High-Net-Worth Clients – That Apply to Regular Clients
Advisors often work with high-net-worth clients and are able to understand the expectations wealthy clients have about managing their finances. The good news is that some of those takeaways can be applied to clients who are not high-net-worth individuals. Read… read more…
- Are CDs Back? Where Advisors Are Telling Clients to Stash Cash as Rates Rise
With the Federal Reserve raising its benchmark interest rate month after month, rates on lending products have climbed as well. Certificates of deposit (CDs) are no different. The average rate on a six-month CD has ticked back up to just… read more…
- How Advisors Handle an Ever-Changing Retirement Age
When it comes to Social Security, age 67 is considered full retirement age. But it hasn’t always been that way. Originally, the Social Security Act of 1935 set the retirement age at 65 years old. The age increased to 67… read more…
- Will Artificial Intelligence Revolutionize Estate Planning? What Advisors Should Know
Estate planning attorneys and financial advisors be aware: Artificial intelligence, including tools such as ChatGPT, may have the ability to shake up legacy planning in a powerful way. In fact, ChatGPT recently passed the bar exam, scoring high marks without… read more…
- How to Build a Financial Advisor Practice
Making a name for yourself in the financial advisor space can be a test of your entrepreneurial and creative skills. There’s steady pressure to keep pace with trends and stay up to date on the latest tech innovations. And not… read more…
- Pros and Cons of Becoming a Financial Advisor
Becoming a financial advisor is a career path you might consider if you enjoy helping others and have a passion for finance. Like any other profession, there are both advantages and disadvantages to working in the financial services industry. Weighing… read more…
- What Advisors Should Tell Clients About the Debt Ceiling Negotiations in 2023
Many economists agree that a federal default would be catastrophic. If Congress refuses to raise the debt ceiling, which House Republicans have threatened to do unless President Joe Biden’s administration grants them certain policy concessions, the economic damage could be… read more…
- Cyber Security Is a Client Service That Advisors May Be Overlooking
With cybercrime increasing at a high rate in recent years, advisors can’t afford to overlook its impact on themselves and their clients. Cybercrime has increased by over 600% since the start of the COVID-19 pandemic and is expected to nearly… read more…
- What Most Advisors Are Missing About SECURE 2.0 Act
When President Joe Biden signed SECURE 2.0 Act into law in late December 2022, advisors began digesting the provisions of the legislation. The changes inside SECURE 2.0 range from new rules related to 529 college savings plans to when retirees should take… read more…
- How to Grow Your Client Base as a Financial Advisor
How do financial advisors get more clients? It’s a commonly asked question and one that you might have pondered many times if you’re hoping to scale and grow your business. There’s no magic secret or key to how to grow… read more…
- Client Acquisition Strategies for Financial Advisors
Acquiring new clients is essential for fueling growth in your advisory business but there’s no single way to approach it. Some of the most effective client acquisition strategies for financial advisors can include cold calling, digital marketing or in-person networking.… read more…
- Financial Advisor Client Retention Strategies
Acquiring new clients is one of the top priorities for your business. But client retention is equally important. A high client turnover rate can be detrimental to your bottom line. And it may deter new prospects from seeking you out.… read more…
- The 10 CFA Exam Prep Courses and Books to Consider
Becoming a chartered financial analyst means first passing the CFA exam. It’s not uncommon to spend 300 hours or more studying for each of the three levels of the exam, meaning you’re looking at a total investment of 900+ hours… read more…
- Advisors Eye Whether They Should Recommend a 4% Withdrawal Rate in 2023
The 4% rule for calculating portfolio withdrawals has been a tool advisors use to help clients plan for retirement since its inception in the 1990s. In that time, it’s become perhaps the most well-known retirement planning rule of thumb. But the… read more…
- 5 Common Mistakes High-Net-Worth Clients Make
When it comes to advising high-net-worth clients, financial advisors have a lot at stake. That’s especially true when it comes to helping clients steer clear of common mistakes and pitfalls. “Addressing common client mistakes looks different with high-net-worth clients because… read more…
- How Advisors Can Use ChatGPT and AI to Grow or Streamline Business
Recently, buzzy artificial intelligence tools have demonstrated the capability to shake up nearly any industry. That includes financial advising. In recent months, artbots like DALL-E have shown how they can create works of art, while chatbots like ChatGPT can write… read more…
- 7 Tax Pitfalls Financial Advisors Should Avoid This Season
Some financial advisors may be tempted to wash their hands of taxes and leave them to the accountants. But that approach doesn’t ensure the best outcome for their clients. Great financial advisors know that, while the calendar has turned over on 2022,… read more…
- Professional Organizations for Financial Advisors
Joining one or more professional organizations can be a smart move for any advisor who’s interested in scaling. Financial advisor professional organizations often provide opportunities for networking, enhancing your education and building a sense of community. If you’re looking for… read more…
- The Best 9 CFP Exam Prep Courses and Materials
Taking the CFP exam can be an important step in advancing your career and it’s important to prepare for it thoroughly. Utilizing CFP exam prep materials and resources can help you better understand the scope of the test and what… read more…