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 didn’t go on the Federal stage. Whereas it stays to be seen whether or not the measures will really be enacted, proposed measures embody elevating revenue and capital positive factors 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 trade 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 current survey suggests that almost half of economic advisory shoppers have modified advisors or have thought-about doing so because the begin of the pandemic and that portfolio efficiency has turn out to be a major consideration of their decision-making course of

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

  • Why advisory companies may 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 may very well be extra vital than beginning wage for a lot of monetary planning job candidates

We even have quite a lot of articles on money circulate and spending:

  • A evaluate of a number of key psychological elements that drive shoppers’ spending choices
  • How shoppers are doubtlessly dropping cash by retaining 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 youngsters undergo from ‘failure to launch syndrome’

We wrap up with three remaining articles, all in regards to the monetary recommendation trade:

  • Why the competitors for expertise, a pullback in non-public fairness funding, and companies balancing effectivity with effectiveness may very well be key traits throughout the monetary recommendation trade within the coming 12 months
  • How shoppers may benefit from fee-only recommendation throughout the insurance coverage trade
  • The advantages of taking up management positions inside monetary planning trade associations

Benefit from the ‘gentle’ studying!

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