Weekend Studying For Monetary Planners (April 22-23)

Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that in a settlement with the SEC, robo-advisor platform Betterment agreed to pay a $9 million penalty for allegedly misstating the frequency that its automated tax-loss harvesting system was scanning some shopper accounts between 2016 and 2019, highlighting the significance of guaranteeing that advertising and marketing messages and providers offered match, not just for robo-advisors, however for human advisors as effectively. And that the SEC is now scrutinizing not simply whether or not purchasers are invested in a way in step with their Funding Coverage Assertion, but in addition that if the advisory agency guarantees numerous ‘tax-smart’ administration techniques (resembling tax-loss harvesting), that the SEC can be inspecting whether or not the agency actually adopted by means of precisely, for each shopper, on these commitments as effectively.

Additionally in business information this week:

The SEC accredited a brand new FINRA rule meant to make it harder for brokers to have shopper disputes expunged from their file
A Morningstar survey means that purchasers usually tend to fireplace their advisor for service or relationship causes moderately than due to charges or lackluster funding returns

From there, we have now a number of articles on money circulation and spending:

Why I Bonds is perhaps dropping a few of their luster amid a declining inflation charge
What number of shoppers are transferring their banking actions to their brokerage agency
Why advisory agency purchasers would possibly need to think about private cyber insurance coverage

We even have a lot of articles on advisor advertising and marketing:

Why it may be beneficial to first think about what makes an advisory agency marketable earlier than deciding on particular advertising and marketing techniques
The potential advantages for advisory corporations of hiring a fractional marketer
Why spending cash to supply beneficial content material, moderately than on promoting, can repay for a agency and their broader group

We wrap up with 3 closing articles, all about managing time:

How advisory agency homeowners can put together themselves and their corporations for time away from the workplace
Why having new experiences is perhaps the important thing to creating it really feel like time is passing extra slowly
The gradual course of that led 1 advisor to understand the present dimension of his agency was ‘sufficient’

Benefit from the ‘gentle’ studying!

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