- What Does More CFP Professionals Mean for the Industry?
Each year, thousands of freshly certified financial planner (CFP) professionals enter the industry. In 2022, more than 9,600 new certificates were issued, which was a gain of 5% in a single year. As the CFP designation has grown in popularity,… read more…
- The Top 10 Podcasts for Financial Advisors
Tuning into financial podcasts can be a great way to track the latest industry trends and developments, level up your marketing game or simply learn new skills that you can use to grow your business. With so many financial advisor… read more…
- Will the M&A Market Stay Red Hot for Advisors in 2023?
For advisors, 2022 wasn’t just a year defined by high inflation and market volatility. It was also a blockbuster year for mergers and acquisitions (M&A) within the wealth management sector. In 2022, a record number of transactions were announced, according to… read more…
- How to Network as a Financial Advisor
Networking can be a great way to build your professional contacts list and engage with prospective clients. After all, you’ve likely heard that it’s who you know, not what you know, that matters in business. And that’s true to some… read more…
- Social Media for Financial Advisors: 5 Ways to Drive Business
Social media offers virtually endless possibilities for scaling your business and its value is not to be underestimated. With billions of people using social media channels to connect and consume information, advisors are increasingly taking notice of its possibilities. For… read more…
- Is Being a Financial Advisor a Layoff-Proof Job?
The last cyclical recession wiped out financial services. Entire firms melted down, and professionals, ranging from personal advisors to institutional investors, lost their jobs. In 2023, talk of a recession is on the horizon again. Now, however, the larger economic signals are… read more…
- How Advisors Are Approaching Inflation in 2023
Consumers and investors aren’t the only ones worried about inflation. Rising prices remain top of mind for financial advisors, who continue to field questions from clients about inflation’s impact on their financial plans. The good news is that inflation appears… read more…
- FTC Bans Non-Compete Clauses. What Does It Mean for Financial Advisors?
A proposed rule from the Federal Trade Commission (FTC) could ban employers from binding up employees with non-compete clauses. If passed, this rule could increase career opportunities for millions of Americans. And it could change the way employers endeavor to… read more…
- Social Media Marketing Tips for Financial Advisors to Grow Their Business
Millions of people use social media every day. And there’s likely a huge gap in your marketing plan if you’re not leveraging them to promote your advisory business. Social media platforms offer an opportunity to connect with prospects and current… read more…
- Digital Marketing Strategies for Financial Advisors
In a tech-driven age, digital marketing is integral to growing and scaling your advisory business. Social media is an important component, but digital marketing strategies encompass much more than that. If you’re not exploring its possibilities yet, you could be… read more…
- Email Marketing Strategies for Financial Advisors to Grow Their Business
Digital marketing is reshaping the way advisors connect with prospective clients. Email marketing is one branch of that and it can be an effective way to communicate with clients while fostering trust. In short, email allows you to put your… read more…
- How Financial Advisors Can Improve Client Engagement
Finding new clients can take up a significant amount of time and energy in your business. And once you get them, you have to keep them. That’s where client engagement becomes paramount. Engagement is part of an overall marketing strategy… read more…
- Understanding the Financial Planner Career Path
The job outlook for financial planners, professionals who help clients build long-term strategies for retirement and meet other financial goals, appears strong. According to the U.S. Bureau of Labor Statistics, jobs in this area are projected to grow 15% from 2021… read more…
- How Advisors Are Approaching Bonds in 2023
The bond market was one of 2022’s big question marks. Last year’s stock market took a big hit. Marked by significant volatility, the S&P 500 ended the year down about 20%. But bear markets happen, and stocks are known for… read more…
- Brokers, Take Notice: Industry Watchdogs Eye Reg BI Compliance
Financial professionals recently received a reminder that industry overseers are closely monitoring how firms are implementing standards and practices under Regulation Best Interest (Reg BI). In mid-January, the Financial Industry Regulatory Authority (FINRA) issued an annual report that, among other… read more…
- Policy and Tax Changes Impacting High-Net-Worth Clients in 2023
As 2023 begins, advisors are looking ahead to the policy and tax changes impacting their high-net-worth clients. Those include changes stemming from the passage of Secure 2.0 Act. Read on for the 2023 policy and tax changes that advisors expect… read more…
- 4 New Year’s Resolutions for Financial Advisors to Improve Their Business
For financial advisors, the new year is a great time to take stock and reset. The investment year is over. The tax harvest is in. Contribution limits have reset. And plenty of clients will be looking for a new approach.… read more…
- CFP Exam: How to Study and What to Expect
If you’re interested in becoming a certified financial planner, passing the CFP exam is a necessary step. The CFP exam is a 170-question multiple choice test that’s designed to thoroughly test your knowledge about financial planning. Preparation is key, as… read more…
- How Financial Advisors Can Attract High-Net-Worth Clients
One of the most effective ways to grow your advisory business is to increase the number of high-net-worth and ultra-high-net-worth clients you serve. Not only do these types of clients have more investable assets, but they may also be more… read more…
- How to Become a Financial Advisor in 6 Steps
If you’re good with money and working with people, you may be interested in becoming a financial advisor. There’s more than one way to become a financial advisor, of course, and countless certifications and specialties to pursue. But whether you’re… read more…
- 3 Market Trends Advisors Should Eye in 2023
When looking ahead to 2023, advisors should keep an eagle eye on a range of investing trends and market factors. Nobody has a crystal ball, but after a whiplash-inducing 2022, investing experts are considering the forces that will shape 2023.… read more…
- What Advisors Can Learn From Working With Professional Athletes
Working with professional athletes – whether they play for the NFL, NBA, WNBA, MLB, NHL, MLS, NWSL, MMA, WWE or another sports league – presents unique challenges. Every athlete has a different career timeline and goals. And every athlete tends… read more…
- Ask an Advisor: I Have a ‘Solid Understanding’ of Investment Strategies. So Why Should I Pay 1% to a Financial Advisor?
Is it worth paying a financial advisor to manage retirement funds if you are confident in your own financial investment strategies? I feel like I have a solid understanding of long-term investment strategies. And as such, I feel the roughly… read more…
- CFP Board Publishes New Crypto Guidance for Advisors
When providing financial advice on cryptocurrencies, certified financial planner (CFP) professionals have fresh guidance from the CFP Board. The governing organization published a notice recently in response to questions about applying the CFP Board’s “Code of Ethics and Standards of Conduct”… read more…
- Advisors Should Understand These 2023 Tax Changes Now
As the New Year arrives, financial advisors should be looking ahead to 2023, understanding what tax changes will impact clients and what they can do to plan ahead. For financial advisors, the 2023 tax year won’t be chock-full of major… read more…