Weekend Reading For Financial Planners (Oct 8-9)

Weekend Reading For Financial Planners (Oct 8-9)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that amid the current bear market, usage of robo-advisors and other digital advice tools has plummeted, according to a recent study. This suggests that some consumers will be looking to human advisors to better understand their needs and help guide them through the recent market volatility.

Also in industry news this week:

  • A survey suggests that a third of their advisors don’t use their firm’s internal technology tools, preferring to use third-party options instead
  • The SEC has brought charges against a former broker who sold his practice to an individual who ended up defrauding the seller’s clients

From there, we have several articles on retirement planning:

  • Defying popular wisdom, a research study argues that younger workers should delay saving for retirement, even if it means foregoing a company match
  • Why the creator of the “4% rule” is sticking with it despite the current bear market and elevated inflation
  • A new paper argues that an actual safe withdrawal rate for retirees is significantly less than 4% when taking into account return data from developed countries other than the United States

We also have a number of articles on practice management:

  • Five key metrics that underpin advisory firm sustainability
  • Why firms should look to leading indicators rather than lagging ones (like AUM) to better understand their growth prospects
  • Why it is important for firms to create a formal client feedback system and the most important questions to ask on client surveys

We wrap up with three final articles, all about the meaning of money:

  • How the dramatic changes in the American economy, markets, and personal balance sheets during the past few years have shown the challenges of achieving sustained, widespread prosperity
  • Why now could be a great time to spend and get enjoyment out of one’s money, despite recent market volatility
  • A survey shows how individuals in 17 advanced economies rank what brings them the most meaning in their lives

Enjoy the ‘light’ reading!

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