Weekend Reading For Financial Planners (Sept 3-4)

Weekend Reading For Financial Planners (Sept 3-4)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that, in its newly released draft strategic plan for 2022-2026, the SEC has indicated that the enforcement of Regulation Best Interest’s requirement that brokers act in their clients’ best interests when making an investment recommendation will be a priority going forward. Combined with the private arbitration cases that have been filed related to Reg BI, such enforcement in the years ahead would demonstrate the consequences of running afoul of Reg BI for broker-dealers and their representatives.

Also in industry news this week:

  • How enforcement of FINRA Rule 4111 could further the decline in the number of broker-dealers and registered representatives
  • A study suggests that some fund companies are misleading investors by changing their benchmark indices to make their performance look better

From there, we have several articles on investments:

  • How Morningstar plans to simplify its rating system amid continued concerns about its effectiveness
  • Why private placement life insurance policies could become an increasingly popular option for ultra-high-net-worth clients
  • Why market capitalization might not be the most accurate way to value the cryptocurrency market

We also have a number of articles on retirement planning:

  • New research suggests that while the average senior will amass hundreds of thousands of dollars in health care expenses in retirement, the net cost they have to pay is not nearly as high
  • The upcoming debut of a new tontine product could add another option for advisors looking to mitigate their clients’ longevity risk
  • The variety of ways individuals approach retirement, from choosing where to live to finding purpose in their daily lives

We wrap up with three final articles, all about mental frameworks:

  • How operating from a set of ‘big beliefs’ can help advisors assess the needs of individual clients
  • Why it might be more helpful to compare your current circumstances to alternate versions of your own life than to compare yourself to others
  • An advisor’s 41 tips for health, wealth, and happiness

Enjoy the ‘light’ reading!

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