Nerd's Eye View

DECEMBER 25, 2023

Each week in Weekend Reading For Financial Planners, we seek to bring you synopses and commentaries on 12 articles covering news for financial advisors including topics covering technical planning, practice management, advisor marketing, career development, and more.

Practice Management 98

Practice Management Tax Planning Planning Securities 98

CFO News Room

JANUARY 27, 2023

Also in industry news this week: Why cash management strategies could become increasingly important parts of an advisor’s value proposition in a higher-interest-rate environment Why improved returns on cash products could be a double-edged sword for some advisory clients following last year’s market volatility From there, we have several articles on (..)

Nonprofit 130

Nonprofit Practice Management Advertising Leadership 130

Nerd's Eye View

FEBRUARY 17, 2023

Also in industry news this week: A court ruling this week vacated Department of Labor guidance that a one-time rollover recommendation from a company plan to an IRA would trigger fiduciary duty requirements under ERISA Vanguard’s CEO this week indicated the firm plans to invest heavily in direct indexing amid the growing use cases for the strategy (..)

Practice Management 98

Practice Management Compliance Planning Securities 98

Future CFO

JANUARY 22, 2024

It also provides collaboration tools, workflow management, real-time status updates and integration with other software, enabling auditors to work more efficiently and effectively, the firm noted. CCH iFirm is currently the only pre-approved solution under the Practice Management System category, Wolters Kluwer said.

Auditing 52

Auditing Practice Management Accounting Firms Accounting 52

CFO News Room

JANUARY 20, 2023

Also in industry news this week: While the number of RIA M&A deals increased in 2022, the size of these deals declined, perhaps reflecting challenging market and economic headwinds A recent survey suggests that nearly half of financial advisory clients have changed advisors or have considered doing so since the start of the pandemic and that portfolio (..)

Practice Management 130

Practice Management Leadership Cash Management Numbers 130

Nerd's Eye View

JUNE 14, 2024

Also in industry news this week: While an infusion of Private Equity (PE) capital has shaken up the RIA M&A market, the ultimate implications for advisors, their clients, and the PE firms themselves remain unclear A recent study has found that a significant portion of 'DIY' investors are open to working with a human advisor (and paying for the (..)

Practice Management 98

Practice Management Planning Numbers Marketing 98

Nerd's Eye View

OCTOBER 17, 2022

Which, in turn, is spawning even more hunger for specialized practice management conferences in 2023. Leading to an expansion in various ‘niche’ conferences that specialize in particular challenges that advisors face as they follow the growth journey.

Practice Management 98

Practice Management Education Budgeting Manufacturing 98

Nerd's Eye View

MAY 24, 2024

Also in industry news this week: Why the Federal government is proposing new rules targeting the use of donor-advised funds that could impact financial advisors who work closely with them A recent report indicates that while financial advisory firms prioritize their client experience, they often make such decisions without consulting their clients (..)

Prioritization 98

Prioritization Practice Management Leverage Forecasting 98

Nerd's Eye View

OCTOBER 30, 2023

Accordingly, back in 2012, I started to craft my own annual list of 'best-in-class' top conferences for financial advisors, allocated across a range of different categories (as what's best for solo advisors isn't the same as what's best for larger advisor enterprises, what's best for fee-for-service advisors isn't the same as what's best for AUM firms, (..)

Practice Management 98

Practice Management Budgeting Numbers Economics 98

Nerd's Eye View

JULY 5, 2024

Also in industry news this week: A separate Supreme Court decision struck down the SEC's use of in-house judges to adjudicate cases involving civil penalties (unless both parties in the matter agree to it), likely setting up more settlement offers from the regulator to avoid a drawn-out legal process in the Federal court system At a time when it has (..)

Practice Management 98

Practice Management Valuation Budgeting Securities 98

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 98

Practice Management Budgeting Communication Securities 98

Nerd's Eye View

JUNE 23, 2023

Also in industry news this week: A recent study found that financial advisors get significantly more social media engagement from posts on LinkedIn and Facebook compared to Twitter and highlighted the importance of posting original content for engagement Why RIAs have struggled to find a solid footing in the IPO market From there, we have several articles (..)

Practice Management 98

Practice Management Compliance Investments Finance 98

Nerd's Eye View

NOVEMBER 10, 2023

Also in industry news this week: How the use of model investment portfolios can potentially save advisors time and boost client trust Why a recent IRS Private Letter Ruling could facilitate the emergence of zero-commission variable universal life policies (that RIAs can actually get paid a fee to advise on) From there, we have several articles on housing: (..)

Benchmarking 94

Benchmarking Practice Management Treasury Leadership 94

Nerd's Eye View

JANUARY 19, 2024

Also in industry news this week: While the total number of RIA M&A deals in 2023 fell short of a record-setting 2022 amidst an elevated interest rate environment, continued interest from private equity firms and creative deal structures could boost deal flow in 2024 While the SEC authorized 11 "Spot" Bitcoin ETFs last week, comments from chair (..)

Practice Management 98

Practice Management Numbers Planning Marketing 98

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 98

Strategic Planning Construction Practice Management Communication 98

PYMNTS

DECEMBER 6, 2020

Practice management software provider ImagineTime , which works with accounting firms, has partnered with Mango Billing for a "next-generation practice management solution," according to a press release.

Accounting 67

Accounting Practice Management Invoicing Accounting Firms 67

Nerd's Eye View

MAY 3, 2024

Also in industry news this week: Large asset managers offering hybrid digital-human advice services are eating into the market share of purely human advisors, signaling that a smaller firm's ability to offer a differentiated value proposition could be a key to success in the coming years A recent study indicates that tech-forward advisory firms not (..)

Healthcare 98

Healthcare Construction Practice Management Leverage 98

Nerd's Eye View

OCTOBER 13, 2023

Also in industry news this week: A study from the FINRA Foundation has found that objectively knowledgeable investors tend to pay less in investment expenses, while those who perceive that they have expertise tend to pay more A new report shows how pro bono financial planning can benefit not only financial advisors and their pro bono clients, but also (..)

Practice Management 98

Practice Management Planning Investments Numbers 98

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 98

Benchmarking Practice Management Securities Numbers 98

Nerd's Eye View

MAY 5, 2023

Also in industry news this week: Legislation working its way through Congress would allow for electronic delivery of documents to clients of advisors and other financial services firms by default, though it has been met with some opposition While RIAs have outpaced wirehouses in terms of client asset growth and headcount, industry consolidation has (..)

Practice Management 98

Practice Management Compliance Investments Numbers 98

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 98

Practice Management Advertising Leadership Numbers 98

Nerd's Eye View

FEBRUARY 2, 2024

Also in industry news this week: A recent study from advisor digital marketing firm Snappy Kraken suggests firms that invest in Search Engine Optimization (SEO), have a regular cadence of emails to their subscriber list, and include video content in these messages tend to get greater returns from their marketing efforts CFP Board has created a guide (..)

Practice Management 98

Practice Management Education Compliance Investments 98

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 98

Practice Management Investments Numbers Planning 98

Nerd's Eye View

MARCH 3, 2023

Senators is considering potential ways to shore up Social Security, from raising the retirement age to 70 to creating a sovereign wealth fund From there, we have several articles on practice management: How advisory firms can leverage their CRM software to run a more efficient practice Best practices for firms to consider when choosing training programs (..)

Practice Management 96

Practice Management Leverage Economics Securities 96

CFO News Room

FEBRUARY 3, 2022

The provider of physician practice management technology also announced a new $250 million share repurchase program. . Allscripts Healthcare Solutions — Shares soared 16% after the company issued preliminary quarterly earnings and revenue results that topped Wall Street forecasts. Johnson & Johnson – The vaccine maker gained 2.9%

Forecasting 130

Forecasting Healthcare Practice Management Sales 130

Nerd's Eye View

JANUARY 27, 2023

Also in industry news this week: Why cash management strategies could become increasingly important parts of an advisor’s value proposition in a higher-interest-rate environment Why improved returns on cash products could be a double-edged sword for some advisory clients following last year’s market volatility From there, we have several (..)

Nonprofit 98

Nonprofit Practice Management Advertising Leadership 98

Nerd's Eye View

APRIL 14, 2023

Also in industry news this week: The Foundation For Financial Planning has gotten a boost toward its goal of connecting 10,000 CFP professionals with pro bono work thanks to increased funding from Orion Advisor Solutions FINRA has resubmitted a proposal, now with tighter rules, that would allow a broker working remotely to supervise other brokers, (..)

Auditing 97

Auditing Practice Management Leadership Securities 97

Nerd's Eye View

AUGUST 18, 2023

Also in industry news this week: FINRA has enacted a more thorough expungement process in an effort to ensure that all sides have a chance to be heard when brokers seek to have customer disputes removed from their record CFP Board is encouraging its certificants to commit to at least 20 hours of pro bono service each year and a variety of programs (..)

Practice Management 98

Practice Management Finance Numbers Planning 98

Nerd's Eye View

DECEMBER 2, 2022

From there, we have several articles on practice management: The three essential skills firm owners need to build the right team, including why it is important to always be on the lookout for potential employees. Why wrap fee programs appear to be in the crosshairs as the SEC begins to enforce Reg BI.

Practice Management 96

Practice Management Planning Securities Investments 96

Nerd's Eye View

MAY 19, 2023

Also in industry news this week: CFP Board adopted a set of revised procedural rules, including establishing the ability to conduct “informal inquiries” in response to complaints to better identify potential wrongdoing A patent that allowed Vanguard to launch ETFs as share classes of its existing mutual funds expired this week, but it is (..)

Practice Management 98

Practice Management Leverage Numbers 98

Nerd's Eye View

MARCH 8, 2024

Also in industry news this week: A recent survey has found that a majority of prospective financial planning clients across all age brackets are open to working with a remote advisor, creating opportunities for advisors to grow their businesses and for clients to find the ‘best’ advisor for their needs, regardless of their location A federal (..)

Practice Management 98

Practice Management Risk Management Communication Leverage 98

Nerd's Eye View

OCTOBER 14, 2022

We also have a number of articles on practice management: Why small financial advisory firms continue to thrive amid competition from the largest players in the industry. How the Common Data Set can help advisors and families compare the actual cost of attendance across a range of colleges.

Tax Planning 98

Tax Planning Practice Management Accounting Firms Securities 98

Nerd's Eye View

SEPTEMBER 9, 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.

Practice Management 98

Practice Management Education Planning Securities 98

Nerd's Eye View

NOVEMBER 18, 2022

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. How advisors can help their clients turn their HSAs into wealth-building machines.

Tax Planning 98

Tax Planning Practice Management Leadership Planning 98

Nerd's Eye View

MAY 12, 2023

Also in industry news this week: Why industry groups representing investment advisers and others have blasted an SEC proposal that would significantly expand its Custody Rule A new study suggests that organic client growth and profit margins are the key factors driving RIA valuations, with the firm’s affiliation model having little to no impact (..)

Tax Planning 98

Tax Planning Practice Management Valuation Investments 98

Nerd's Eye View

OCTOBER 28, 2022

From there, we have several articles on practice management: A new report shows that RIA profitability and AUM soared in 2021, buoyed by a strong stock market and new client growth. Fidelity has introduced a direct indexing platform for advisors, joining an increasingly competitive space.

Practice Management 98

Practice Management Valuation Economics Investments 98

Nerd's Eye View

JANUARY 20, 2023

Also in industry news this week: While the number of RIA M&A deals increased in 2022, the size of these deals declined, perhaps reflecting challenging market and economic headwinds A recent survey suggests that nearly half of financial advisory clients have changed advisors or have considered doing so since the start of the pandemic and that portfolio (..)

Practice Management 98

Practice Management Leadership Cash Management Numbers 98