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 focusing on higher-income and ultra-high-net-worth residents after related proposals did not move on the Federal stage. Whereas it stays to be seen whether or not the measures will really be enacted, proposed measures embrace elevating revenue and capital positive factors tax charges, instituting wealth taxes, and decreasing the state property tax exemption, doubtlessly creating future planning alternatives for advisors with shoppers in these states.

Additionally in trade information this week:

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

From there, we’ve got a number of articles on follow administration:

  • Why advisory corporations would possibly first contemplate whether or not they’re utilizing their present tech stack optimally earlier than trying to new software program options
  • How advisory corporations 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 could possibly be extra vital than beginning wage for a lot of monetary planning job candidates

We even have plenty of articles on money movement and spending:

  • A assessment of a number of key psychological components that drive shoppers’ spending choices
  • How customers are doubtlessly dropping cash by protecting important 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 undergo from ‘failure to launch syndrome’

We wrap up with three ultimate articles, all concerning the monetary recommendation trade:

  • Why the competitors for expertise, a pullback in non-public fairness funding, and corporations balancing effectivity with effectiveness could possibly be key traits inside the monetary recommendation trade within the coming yr
  • How customers may gain advantage from fee-only recommendation inside the insurance coverage trade
  • The advantages of taking over management positions inside monetary planning trade associations

Benefit from the ‘mild’ studying!

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