Advisors hear them all the time: empty promises for change. And it is a struggle. It is a struggle for the client because they know they want to change and are paying their financial advisor to help them with that change. Yet, they do not move forward. It is also a struggle for the advisor …
Welcome back to the 222nd episode of the Financial Advisor Success podcast!
My guest on today’s podcast is Jonathan Kuttin. Jon is the founder of Kuttin Wealth Management, a hybrid RIA headquartered on Long Island, NY that manages over $3 billion dollars for about 5,500 clients.
What’s unique about Jon, though, is that as …
The ongoing growth of financial advisory businesses over the past decade, when combined with the shift to ongoing recurring revenue models (from assets under management to monthly subscription fees), has led to more and more advisory firms accumulating a critical mass of clientele that requires them to expand their capacity by shifting from the ‘solopreneur’ …
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a look at the new health insurance planning opportunities that have emerged under the American Rescue Plan, from the potential to receive several months of “free” (tax-credit-subsidized) COBRA coverage to new rules for Premium Assistance Tax Credits that …
One of President Biden’s campaign promises was to introduce tax reforms that roll back various Trump era policies while increasing tax rates for some of the wealthiest Americans. He will expand federal income tax for those earning $400,000 or more, plus increase capital gains and payroll taxes, in addition to expanding estate tax. If you …
For the past several decades, the prices that consumers pay for financial products have been trending lower and lower. From the rise of discount brokerage in the 80s, to no-load mutual funds platforms in the 90s, online brokerage in the “aughts”, and robo-advisors in the 2010s, the cost of investing has decreased steadily and dramatically. …
Lots of people are migrating from the popular investing app Robinhood after the Great Meme Stock Debacle of ’21. While Robinhood still remains a great option for a lot of newbie investors, it’s not the only one out there, and you might be looking to jump ship.
Heads-up if you’re a current customer looking to …
Even though clients seek out and hire a financial advisor to obtain recommendations they can implement to achieve their financial goals, in practice clients often get stuck and resist taking action or making a change when the time comes. Sometimes the resistance might be based on cognitive or emotional biases, and other times it can …
Have you dreamed of starting a business of your own? For many aspiring entrepreneurs and side hustlers, that dream has become a reality by making money on Shopify. Ecommerce is a booming business — statistics show online retail sales increased by 30% in 2020, a trend that was accelerated due to the COVID-19 pandemic. Starting …
Welcome back to the 221st episode of the Financial Advisor Success podcast!
My guest on today’s podcast is Miye Wire. Miye is the founder of her eponymous hybrid RIA based in Reston, Virginia, that manages $200m for about 250 young professional families.
What’s unique about Miye, though, is how she’s developed a referral engine …