Weekend Reading For Financial Planners (Nov 19-20)

Weekend Reading For Financial Planners (Nov 19-20)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that AdvisorTech giant Envestnet has announced a partnership with New Zealand-based FNZ that will allow Envestnet to offer custodial services to advisors beginning in the second half of 2023. At a time of significant change in the RIA custodial space, epitomized by the ‘Schwabitrade’ integration (also in late 2023), Envestnet’s custodial offering will provide advisors with an alternative option to the legacy custodians and could offer potentially attractive synergies for advisors already in the Envestnet ecosystem.

Also in industry news this week:

  • The CFP Board has proposed a series of changes to its disciplinary processes, including a two-year deadline for advisors subject to an interim suspension to file a petition for reinstatement
  • A potential compromise during the lame-duck Congressional session could see a boost to the child tax credit and extended tax breaks for businesses

From there, we have several articles on tax planning:

  • How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions
  • How advisors can help their clients turn their HSAs into wealth-building machines
  • A new research study suggests that delaying taxes in retirement is often not the optimal course of action

We also have a number of articles on practice management:

  • Why looking inward at their leadership style can be one of the best ways for firm leaders to prevent employee turnover
  • Three things other than pay that firms can do to attract currently employed talent
  • The time management principles that are used by the most successful leaders

We wrap up with three final articles, all about gift giving:

  • How advisors can decide on the best client gifts from the wide range of options, from bottles of wine to donations to a favorite charity
  • Why it is important to first consider regulatory requirements and firm policy before giving clients gifts
  • How advisors can give clients gifts that are both thoughtful and could lead to referrals in the new year

Enjoy the ‘light’ reading!

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