- 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…
- 4 Things Advisors Get Wrong About Tax-Loss Harvesting
For some reason, financial advisors will frequently tout tax-loss harvesting as an incredible opportunity, skipping over the fact that it is ultimately a consolation prize for having lost value on an investment. There is absolutely a case for tax-loss harvesting and… read more…
- Webinar: 10 Things Advisors Should Discuss With Clients Before the Year Ends
Before 2022 comes to a close, advisors should kick off discussions with clients on a range of subjects, including retirement, investing, insurance and taxes. For many of these topics, there are year-end deadlines or contribution cut-offs that are important to… read more…
- Millennials, Gen Zers Are Gaining Wealth, But Advisors Aren’t Meeting Them Where They Are
Young Americans are poised to inherit and grow significant wealth. But when it comes to meeting them where they are – notably, on various digital feeds where they tend to take in financial advice via video – financial advisors aren’t… read more…
- A New Advisor Ranking Is Launching. Here’s What Advisors Should Know
USA Today will publish its inaugural “Best Financial Advisory Firms” list in April 2023, according to the digital news organization. The aim is to publish a guide to the top registered investment advisors (RIAs). The company says that results will… read more…
- The 8 Best Books Every Financial Advisor Should Read
Personal and professional development are central to your success as a financial advisor. The ability to grow and adapt can help you to better serve your clients and strengthen your business. Reading books about business, finance and self-improvement can aid… read more…
- Why Clients Leave Financial Advisors (And How to Avoid It)
Losing clients can be a frustrating experience and when it happens to you, you may be left wondering what you could have done differently. There are a number of reasons why clients leave financial advisors and there may be more… read more…
- Financial Advisors Guide to Choosing a Custodian
A custodian is integral to your advisory firm’s operations as you’ll need a secure place to hold client assets. Working with a quality provider can also help to improve efficiency, which can be instrumental in driving your firm’s success. It’s… read more…
- For Advisors, Market Volatility May Have a Silver Lining
The current bear market and widespread economic anxiety may have financial advisors feeling squeamish as they watch assets under management (AUM) shrink and clients worry. But upticks in market volatility may have a silver lining: It increases demand for financial advice.… read more…
- As More Clients Recognize the CFP Designation, Advisors Take Note
Clients are becoming more aware of the certified financial planner (CFP) credential, according to the CFP Board’s latest metrics. The Board has endeavored to showcase the CFP mark’s value via a public awareness campaign – and has raised fees, in… read more…
- Becoming a Top-Ranked Advisor Boosts AUM, Client Accounts
Surprise! Surprise? For financial advisors, scoring placement in a “top advisor” list pays off. According to research from the University of Kentucky, being named a top advisor increases assets under management (AUM) and client accounts for individual advisors and their… read more…
- Financial Advisors Shouldn’t Overlook This Loyal Client Base
Workplace 401(k) providers are working as matchmakers, hooking up investors with wealth managers and fostering advising relationships that can last into retirement. Financial advisors who can onboard clients before retirement and navigate the transition between the asset-accumulating and asset-decumulating phases may stand to benefit from this trend. Add new clients and AUM at your desired… read more…
- Retirees Are Confused About Medicare. Here’s How Financial Advisors Can Help
Retirees are confused about enrolling in Medicare, according to a 2022 survey from Sage Growth Partners and Healthpilot. Notably, 33% of respondents have a financial advisor, but only 2% use that advisor to help plan their selection. Understanding Medicare can… read more…
- This Is Advisors’ No. 1 Compliance Concern – And What They’re Doing to Manage It
For the second consecutive year, investment advisor compliance professionals ranked marketing and advertising as their No. 1 compliance worry. Driving this ongoing angst is a new Securities and Exchange Commission (SEC) marketing rule, which updates advisor marketing practices, and must be followed by Nov. 4, 2022. Here’s what advisors should know about trending compliance concerns and… read more…
- Retirees Don’t Know Their No. 1 Retirement Risk: Advisors Can Help
Retirees don’t accurately understand their risks in retirement, according to a recent analysis from the Center for Retirement Research at Boston College. The brief, authored by Wenliang Hou, finds a disconnect between how retirees rank perceived risks and their objective… read more…
- Model Portfolios Gain Popularity: Advisors, Take Note
Model portfolios, which provide financial advisors with a prebuilt framework for investment portfolio design, are surging in popularity. Assets following model portfolios grew to $349 billion as of March 2022, according to financial services firm Morningstar. That’s an estimated 22%… read more…