Nerd's Eye View

DECEMBER 16, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase.

Practice Management 93

Practice Management Education Leverage Planning 93

Nerd's Eye View

OCTOBER 13, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with a new study from Herbers & Company that provides insight into the financial planning services that consumers demand the most, and which services financial advisory firms offer the most often.

Practice Management 83

Practice Management Planning Investments Numbers 83

Nerd's Eye View

JANUARY 12, 2024

Also in industry news this week: The Department of Labor (DoL) this week published a final rule delineating what makes an individual an independent contractor versus a company employee, though it did not provide specific guidance for registered representatives of broker-dealers and other financial professionals who have expressed concern that their (..)

Practice Management 83

Practice Management Budgeting Communication Securities 83

Nerd's Eye View

SEPTEMBER 1, 2023

Also in industry news this week: A legal challenge to FINRA's operations as a self-regulatory organization has the potential to upend the current regulatory system for broker-dealers and their registered representatives A recent study indicates that while many consumers appear confident handling their finances on a 'DIY' basis during their careers, (..)

Strategic Planning 80

Strategic Planning Construction Practice Management Communication 80

Nerd's Eye View

JANUARY 20, 2023

While it remains to be seen whether the measures will actually be enacted, proposed measures include raising income and capital gains tax rates, instituting wealth taxes, and reducing the state estate tax exemption, potentially creating future planning opportunities for advisors with clients in those states. Read More.

Practice Management 77

Practice Management Leadership Cash Management Numbers 77

Nerd's Eye View

JULY 28, 2023

Also in industry news this week: The SEC released a proposal that would require firms to take steps to eliminate or neutralize conflicts of interest when using predictive data analytics tools with clients A recent study found that financial advisors remain the top source of financial advice for consumers, with social media coming in well behind From (..)

Benchmarking 90

Benchmarking Practice Management Securities Numbers 90

Nerd's Eye View

SEPTEMBER 15, 2023

Also in industry news this week: The SEC agreed to a series of settlements with 9 RIAs resulting from charges of improper use of hypothetical returns in advertising under the regulator's marketing rule How several CEOs of large RIAs and AdvisorTech companies have found that receiving funding from private equity firms and taking the responsibility for (..)

Practice Management 88

Practice Management Advertising Leadership Numbers 88

Nerd's Eye View

NOVEMBER 6, 2023

And be certain to read to the end, where we have provided an update to our popular "Financial AdvisorTech Solutions Map" (and also added the changes to our AdvisorTech Directory) as well!

Valuation 86

Valuation Compliance Practice Management Technology 86

Nerd's Eye View

DECEMBER 9, 2022

Though given that potentially conflicted practices such as ‘payment for order flow’ are a source of revenue for brokers, such regulation could portend a shift back to explicit transaction fees as they seek to maintain their top line. A four-step process that advisors can use to help clients who tend to overspend.

Practice Management 78

Practice Management Planning Finance Retail 78

Nerd's Eye View

APRIL 7, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the T3/Inside Information Software Survey is available, providing insights into which technology tools advisors use and their level of satisfaction with them, which highlighted the continued rise of specialized financial planning (..)

Prioritization 82

Prioritization Auditing Practice Management Communication 82

Nerd's Eye View

DECEMBER 29, 2023

Also in industry news this week: After the Massachusetts state regulators proposed a regulation that would require businesses to provide accurate up-front pricing information before a customer provides any personal information, life insurance industry groups have requested an exemption from the rule (since insurers need to have at least some of the (..)

Practice Management 87

Practice Management Planning Technology Numbers 87

Nerd's Eye View

AUGUST 18, 2023

At the same time, though, the report also found that asset managers that are the primary source of retirement advice tend to hold a larger percentage of a client's portfolio, suggesting that offering financial planning services tailored to the needs of a firm's clients really is helping as a source of organic growth (as clients bring more assets under (..)

Practice Management 90

Practice Management Finance Numbers Planning 90

Nerd's Eye View

MAY 12, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a recent study found that clients of advisors providing comprehensive planning services are significantly more satisfied than those receiving a lower tier of service.

Tax Planning 85

Tax Planning Practice Management Valuation Investments 85

Nerd's Eye View

NOVEMBER 18, 2022

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. The time management principles that are used by the most successful leaders. How advisors can help their clients turn their HSAs into wealth-building machines.

Tax Planning 76

Tax Planning Practice Management Leadership Planning 76

Nerd's Eye View

APRIL 14, 2023

The company said the bulk of the funds will go toward research and platform development as it attempts the challenging task of getting more mid-sized RIAs to move over to Altruist from their current custodian.

Auditing 70

Auditing Practice Management Leadership Securities 70

CFO News Room

NOVEMBER 14, 2022

She is the co-founder and President of Journey Strategic Wealth, a Registered Investment Adviser built for advisors seeking independence and full-fledged practice management support. She currently runs a weekly YouTube series called “Practice Management with Penny.”. performance reports).

Practice Management 130

Practice Management Planning Leadership Communication 130

Nerd's Eye View

FEBRUARY 10, 2023

Also in industry news this week: The SEC this week released its 2023 examination priorities, which include its new marketing rule, Reg BI, and complicated investments The House of Representatives is considering legislation that would broaden the definition of who qualifies as an accredited investor and is potentially eyeing a role for financial advisors (..)

Practice Management 81

Practice Management Investments Numbers Planning 81

Nerd's Eye View

SEPTEMBER 9, 2022

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.

Practice Management 79

Practice Management Education Planning Securities 79

Nerd's Eye View

JANUARY 27, 2023

By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of CFP professionals.

Nonprofit 82

Nonprofit Practice Management Advertising Leadership 82

Nerd's Eye View

DECEMBER 15, 2023

Also in industry news this week: Most businesses that operate in the U.S., Also in industry news this week: Most businesses that operate in the U.S.,

Concentration 94

Concentration Practice Management Treasury Numbers 94

Nerd's Eye View

DECEMBER 2, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a research study suggesting that the market volatility experienced in 2022 could increase demand for financial planning services.

Practice Management 69

Practice Management Planning Securities Investments 69

Nerd's Eye View

OCTOBER 14, 2022

While this will help seniors keep pace with rising prices, it also creates tax planning opportunities for advisors and raises the possibility that the Social Security Trust Fund could be depleted sooner than expected. for 2023, the largest COLA since 1981. Why accounting firms have become hot acquisition targets for RIAs.

Tax Planning 84

Tax Planning Practice Management Accounting Firms Securities 84

Nerd's Eye View

JULY 10, 2023

As owners of financial planning firms approach retirement, some may decide to sell to an external buyer, while others may plan for an internal succession. Sometimes, this succession plan can include the owner's child, providing an opportunity to keep the business in the family.

Planning 94

Planning Advertising Investments Practice Management 94

Nerd's Eye View

MARCH 8, 2024

to prevent fraud. Read More.

Practice Management 77

Practice Management Risk Management Communication Leverage 77

Nerd's Eye View

FEBRUARY 17, 2023

Read More.

Practice Management 79

Practice Management Compliance Planning Securities 79

Nerd's Eye View

DECEMBER 1, 2023

Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in the absence of specific guidance from Congress (..)

Benchmarking 78

Benchmarking Communication Practice Management Securities 78

Nerd's Eye View

OCTOBER 28, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC has proposed a rule that would require RIAs to conduct enhanced due diligence and recordkeeping when using certain outsourced investment management services and other third-party service providers.

Practice Management 78

Practice Management Valuation Economics Investments 78

Nerd's Eye View

OCTOBER 7, 2022

The SEC has brought charges against a former broker who sold his practice to an individual who ended up defrauding the seller’s clients. We also have a number of articles on practice management: Five key metrics that underpin advisory firm sustainability.

Practice Management 74

Practice Management Marketing Numbers Accounting 74

CFO News Room

DECEMBER 12, 2022

Earlier this year, we introduced our own Investment Adviser Representative (IAR) CE programs that allow those in the growing number of states that have adopted the NASAA Model Rule to meet their 12 hours/year CE requirement. Expanding IAR CE Support As 9 More States Adopt In 2023.

Education 130

Education Planning Investments Profit and Loss 130

Nerd's Eye View

JULY 31, 2023

And while conceptually it makes sense that the firm will be ready to hire its first employee at some point, in practice, there often isn't a lot of clarity about the right time to actually make an initial hire. Read More.

Benchmarking 90

Benchmarking Planning Numbers Practice Management 90

Nerd's Eye View

MAY 8, 2023

In this post, Kitces.com Senior Financial Planning Nerd Ben Henry-Moreland writes about how he went from being hesitant to offer tax preparation at his solo RIA (given how common it is for tax preparers to work long hours throughout tax season) to embracing it as a core part of the business’ service offering.

Tax Planning 93

Tax Planning Planning Investments Practice Management 93

Nerd's Eye View

JULY 8, 2022

Also in industry news this week: How advisors are planning to grow despite the current bear market’s negative impact on assets under management. Two years after its implementation, the SEC is planning to draft additional guidance to help advisors better understand Reg BI and ensure it delivers on its investor protection goals.

Practice Management 56

Practice Management Leadership Leverage Planning 56

PYMNTS

SEPTEMBER 27, 2020

Lightyear intends to work toward acquiring software and payments companies, which the release calls “a highly fragmented market” that has a large number of smaller providers. Mirakl, the biggest win of the lot, plans to use its new funding for over 300 new hires and scaling its customer service and sales teams.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

Nerd's Eye View

SEPTEMBER 18, 2023

Data from the 2022 Kitces Research Study on “How Financial Planners Actually Do Financial Planning” provide some answers about what advisors can expect when going beyond a solo practice, shedding light on the impact that hiring has on advisor capacity.

Prioritization 93

Prioritization Leverage Planning Practice Management 93

The Finance Weekly

APRIL 13, 2022

Although the immediate reaction is to forget about taxes until the end of the year- specifically now when the process and numbers are fresh in everyone’s mind is the best time to boost productivity, evaluate the process, and find ways for the finance team and company to improve. 1) Evaluating the Process Itself. 2) Embrace Automation.

Communication 52

Communication Practice Management Budgeting Forecasting 52

PYMNTS

DECEMBER 7, 2020

Revolut Business customers using paid plans will receive monthly allowances for free U.K. Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls one of the largest in Capital Region history. The product will feature a 1.3

B2B 63

B2B Finance Practice Management Invoicing 63

Nerd's Eye View

AUGUST 28, 2023

For instance, TD Ameritrade rep codes that are used to organize client accounts will be converted to an 8-digit Schwab "master number", which is used for account grouping, billing, account service, and more.

Accounting 95

Accounting Securities Planning Practice Management 95