Weekend Studying For Monetary Planners (Jan 21-22)

Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that a number of states are contemplating a collection of tax hikes concentrating on higher-income and ultra-high-net-worth residents after related proposals didn’t go on the Federal stage. Whereas it stays to be seen whether or not the measures will truly be enacted, proposed measures embrace elevating revenue and capital good points tax charges, instituting wealth taxes, and lowering the state property tax exemption, doubtlessly creating future planning alternatives for advisors with shoppers in these states.

Additionally in business information this week:

  • Whereas the variety of RIA M&A offers elevated in 2022, the scale of those offers declined, maybe reflecting difficult market and financial headwinds
  • A latest survey suggests that almost half of monetary advisory shoppers have modified advisors or have thought of doing so for the reason that begin of the pandemic and that portfolio efficiency has develop into a main consideration of their decision-making course of

From there, we now have a number of articles on apply administration:

  • Why advisory companies would possibly first take into account whether or not they’re utilizing their present tech stack optimally earlier than seeking to new software program options
  • How advisory companies can higher manage and observe their information to keep away from drowning in a sea of numbers
  • Why agency tradition and alternatives for profession development might be extra vital than beginning wage for a lot of monetary planning job candidates

We even have numerous articles on money move and spending:

  • A overview of a number of key psychological components that drive shoppers’ spending selections
  • How customers are doubtlessly shedding cash by preserving vital money in financial savings accounts at main banks, and the chance for advisors to create money administration methods for shoppers
  • How advisors can help shoppers whose kids endure from ‘failure to launch syndrome’

We wrap up with three remaining articles, all concerning the monetary recommendation business:

  • Why the competitors for expertise, a pullback in personal fairness funding, and companies balancing effectivity with effectiveness might be key traits throughout the monetary recommendation business within the coming 12 months
  • How customers may gain advantage from fee-only recommendation throughout the insurance coverage business
  • The advantages of taking up management positions inside monetary planning business associations

Benefit from the ‘mild’ studying!

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