Weekend Reading For Financial Planners (Aug 27-28)

Weekend Reading For Financial Planners (Aug 27-28)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Biden Administration has released a series of long-anticipated Federal student loan relief measures. And while the announced $10,000 of debt forgiveness for some borrowers made the most headlines, advisors will also want to be mindful of a new Income-Driven Repayment plan that could help some clients with student debt reduce their monthly payments and the planning implications of the resumption of student loan payments in January!

Also in industry news this week:

  • An industry survey suggests that advisory firms are prioritizing growth despite a slower pace of client acquisitions so far in 2022 and rising labor costs
  • How Charles Schwab and other advisor custodians are competing to offer a more seamless digital onboarding experience for advisors and their clients

From there, we have several articles on practice management:

  • New rankings show what it takes for RIAs to make it into the top 100 by AUM, and why seeking out ‘smaller’ clients can spur firm growth
  • The range of considerations and potential consequences for RIAs considering going public
  • How advisory firm owners can take advantage of a newly expanded range of available sources of liquidity

We also have a number of articles on investing:

  • Why some advisors and their clients might want to consider taking RMDs this year ‘in-kind’ rather than in cash
  • How fixed annuities have become more popular among consumers amid rising interest rates and turbulent markets
  • New research shows how ‘free’ stock trades potentially cost consumers billions of dollars each year

We wrap up with three final articles, all about career development:

  • Why building a personal brand is more about consistency than a large social media following
  • How to construct a ‘personal board of directors’ who can help guide and advance your career
  • Best practices for advisors (or their clients) who want to take a sabbatical away from work

Enjoy the ‘light’ reading!

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