Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with an in-depth recap of this week’s proposed tax legislation, and how President Biden’s tax plan is changing as compromises are made to get it passed, including a reduction in the proposed top capital gains tax rate to ‘only’ …
The FPA welcomes the Treasury’s announcement of further updates to the Design and Distribution Obligations (DDO regime) by removing the requirement for financial planners to report nil complaints or nil information to product manufacturers. Given this would have been the vast majority of reporting required by financial planners in relation to target market determinations (TMD), …
After months of anticipation with a ‘two-track’ process of infrastructure and separate tax legislation, Democrats on the House Ways and Means Committee released their tax proposals on September 13… and the measures are very different from what many expected! The legislation touches on a wide range of tax issues, from increasing the top ordinary income …
Welcome back to the 246th episode of the Financial Advisor Success Podcast!
My guest on today’s podcast is Jessica Hovis Smith. Jessica is the President of Longview Financial Advisors, an RIA with offices in Gadsden and Huntsville, Alabama that manages $194m for 199 clients.
What’s unique about Jessica, though, is that she oversaw a …
For most of its history, the business of being a financial advisor wasn’t actually about getting paid for advice. Instead, giving financial advice was part of a consultative approach to selling financial services products, which involved identifying a gap, and then getting paid a commission to implement whatever product would fill that gap. But as …
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a look at the latest SEC initiative on the ‘gamification’ of investing (e.g., Robinhood) to the use of behavioral nudges (e.g., certain robo-advisors), with a new warning that it will be delving deeper into the “digital engagement practices” …
Key takeaways:
In July 2021, Schwab released its latest RIA benchmark study, which, among a plethora of other things, asked advisory firms what their top strategic initiatives were. Unsurprisingly, the top result was to “acquire new clients through client referrals”, but coming in at second (and moving up from the fifth spot the previous year) was to …
For many financial advisors, having the ability to effectively and efficiently provide solutions to new clients doesn’t always translate into prospects making the choice to engage in a planning agreement with the advisor. Sometimes, this can be caused by overlooking what many prospects truly value most, which is the path to the solution (i.e., how …
Welcome back to the 245th episode of the Financial Advisor Success Podcast!
My guest on today’s podcast is John Kennedy. John is a founding partner of CandorPath Financial, a hybrid-RIA in Orlando, Florida that manages $110m for 162 client households.
What’s unique about John, though, is that he and his partner have implemented Gino …