Weekend Reading For Financial Planners (Sept 10-11)

Weekend Reading For Financial Planners (Sept 10-11)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that as Millennials grow their wealth, they could be increasingly turning to financial advisors for guidance. But amid competition from large asset managers and broker-dealers, advisors can consider how they can shape their service offerings and fee structures to attract Millennials and build client relationships that could last for decades to come.

Also in industry news this week:

  • As broker-dealers increasingly offer fee-based planning services, RIAs are responding by enhancing their own service offerings, and offering alternative fee structures to differentiate themselves from the competition
  • More states are adopting continuing education requirements for investment advisers, with three states establishing rules that must be followed by the end of 2022

From there, we have several articles on practice management:

  • A new company aims to train the next generation of planners and provide a valuable outsourced service to advisory firms
  • Why creating internal career paths and considering fully remote workers could help firms thrive in the current tight labor market for advisor talent
  • What advisors are doing to maximize the efficiency of their firms without bringing on additional staff

We also have a number of articles on retirement planning:

  • How the introduction of new ‘modern’ tontine products could provide retirees with a new way to mitigate longevity risk
  • The options available to clients who want to reverse their decision to start claiming Social Security benefits
  • How sequence of return risk can affect accumulators as well as retirees

We wrap up with three final articles, all about time management:

  • Why scaling your time can be more effective than trying to stretch or save it
  • How exercise can not only extend your lifespan, but also increase the quality of those years
  • How the ‘money value of time’ can help explain why certain periods of time are more valuable than others

Enjoy the ‘light’ reading!

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