Nerd's Eye View

FEBRUARY 17, 2025

While this risk can be prevalent in any role, founders and lead advisors may be particularly susceptible due to the sheer number of responsibilities they manage. Over time, this can easily lead to overwhelm – or, eventually, even burnout.

Prioritization 73

Prioritization Benchmarking Compliance Numbers 73

Nerd's Eye View

FEBRUARY 17, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC is proposing to expand the adviser custody rule beyond securities and funds to cover all assets in a client’s portfolio, including private securities, real estate, derivatives, and cryptoassets.

Practice Management 98

Practice Management Compliance Planning Securities 98

Nerd's Eye View

JUNE 23, 2023

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Practice Management 98

Practice Management Compliance Investments Finance 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 Numbers Investments 98

Nerd's Eye View

AUGUST 23, 2024

The survey found that most firms fall into the middle category, utilizing tech in categories that provide an assessed high return on investment (e.g., financial planning, CRM, portfolio management), while taking a more tailored approach to selecting tech in other categories.

Prioritization 98

Prioritization Practice Management Budgeting Investments 98

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

Nerd's Eye View

FEBRUARY 2, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a Morningstar survey has found that financial advisory clients are more likely to stick with their advisor for emotional reasons rather than investment returns alone.

Practice Management 98

Practice Management Education Compliance Investments 98

Nerd's Eye View

JANUARY 6, 2023

From there, we have several articles on retirement planning: Why an individual’s portfolio of relationships could be just as important as their investment portfolio when it comes to happiness in retirement. How planning specializations can help firms and their advisors stand out from the pack.

Practice Management 98

Practice Management Auditing Planning 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

DECEMBER 8, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a new study from research firm Cerulli has found that investors' willingness to pay for financial advice has risen over the last 15 years, with more investors reporting using a financial advisor (and a decreasing share considering (..)

Practice Management 98

Practice Management Numbers Investments 98

Nerd's Eye View

OCTOBER 14, 2022

A recent study suggests that advisors can regain about 20% of their time by outsourcing investment management responsibilities. 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.

Tax Planning 98

Tax Planning Practice Management Accounting Firms Securities 98

Nerd's Eye View

SEPTEMBER 9, 2022

More states are adopting continuing education requirements for investment advisers, with three states establishing rules that must be followed by the end of 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.

Practice Management 98

Practice Management Education Planning Securities 98

Nerd's Eye View

MAY 12, 2023

The study also highlighted the importance of advisors taking the time to build trust with clients and to understand a client’s goals and needs, as this can not only differentiate an advisor from those providing purely transactional investment advice, but also could promote client retention, even in years of poor market performance.

Tax Planning 98

Tax Planning Practice Management Valuation Investments 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

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 Numbers 96

Nerd's Eye View

JANUARY 12, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financial advisors and their clients with a convenient way to invest in the cryptocurrency without (..)

Practice Management 98

Practice Management Budgeting Communication Securities 98

Nerd's Eye View

OCTOBER 28, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC has proposed a rule that would require RIAs to conduct enhanced due diligence and recordkeeping when using certain outsourced investment management services and other third-party service providers.

Practice Management 98

Practice Management Valuation Economics Numbers 98

Nerd's Eye View

MARCH 8, 2024

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Practice Management 98

Practice Management Risk Management Communication Leverage 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, (..)

Practice Management 97

Practice Management Auditing Leadership Securities 97

Nerd's Eye View

SEPTEMBER 6, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious (..)

Treasury 98

Treasury Tax Planning Practice Management Compliance 98

Nerd's Eye View

OCTOBER 13, 2023

The study also identified factors that separated firms experiencing the greatest organic growth from others, which include offering a comprehensive suite of services, having a higher 'close' rate with prospects, and, perhaps counterintuitively, a lack of satisfaction with their client experience.

Practice Management 98

Practice Management Planning Numbers Investments 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

NOVEMBER 6, 2023

And be certain to read to the end, where we have provided an update to our popular "Financial AdvisorTech Solutions Map" (and also added the changes to our AdvisorTech Directory) as well!

Valuation 98

Valuation Compliance Practice Management Technology 98

PYMNTS

SEPTEMBER 27, 2020

Lightyear intends to work toward acquiring software and payments companies, which the release calls “a highly fragmented market” that has a large number of smaller providers. million round and mobile-first financial service firm Finom getting $12 million in an investment round. billion for the legal vertical alone.

Practice Management 64

Practice Management B2B Invoicing Accounting Firms 64

CFO News Room

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. But, with the rise of index funds and the commoditization of investment advice, generating sufficient investment ‘alpha’ to justify a fee has become more challenging for advisors.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

Nerd's Eye View

DECEMBER 1, 2023

Jarkesy, which in a narrow sense focuses on the SEC's use of in-house Administrative Law Judges to hear securities law cases rather than traditional Federal jury trials, but in a broader sense could call into question the SEC's (and other government agencies') authority to make rules and enforce laws in the absence of specific guidance from Congress (..)

Benchmarking 98

Benchmarking Communication Practice Management Securities 98

CFO News Room

DECEMBER 12, 2022

Earlier this year, we introduced our own Investment Adviser Representative (IAR) CE programs that allow those in the growing number of states that have adopted the NASAA Model Rule to meet their 12 hours/year CE requirement. At the beginning of 2022, the first Investment Adviser Representative (IAR) annual CE requirements took effect.

Education 130

Education Planning Investments Profit and Loss 130

Nerd's Eye View

JULY 10, 2023

Gary Siperstein, Jason's father, had built a successful investment management firm exclusively focused on managing portfolios of small-cap value stocks. Jason's next move was to shift the firm away from pure investment management by incorporating comprehensive financial planning for his clients.

Planning 98

Planning Advertising Investments Marketing 98

CFO News Room

DECEMBER 3, 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. Tracey Longo | Financial Advisor).

Communication 130

Communication Investments Planning Marketing 130

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. But, with the rise of index funds and the commoditization of investment advice, generating sufficient investment ‘alpha’ to justify a fee has become more challenging for advisors.

Advertising 98

Advertising Planning Investments Practice Management 98

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. But, with the rise of index funds and the commoditization of investment advice, generating sufficient investment ‘alpha’ to justify a fee has become more challenging for advisors.

Advertising 98

Advertising Planning Investments Practice Management 98

PYMNTS

DECEMBER 7, 2020

Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls one of the largest in Capital Region history. Serent Capital Invests In Procurement Partners. Revolut , which is valued at $5.5

B2B 63

B2B Finance Practice Management Invoicing 63

CFO News Room

DECEMBER 17, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase.

Planning 130

Planning Education Investments Benchmarking 130

CFO News Room

NOVEMBER 14, 2022

She is the co-founder and President of Journey Strategic Wealth, a Registered Investment Adviser built for advisors seeking independence and full-fledged practice management support. She currently runs a weekly YouTube series called “Practice Management with Penny.”.

Practice Management 130

Practice Management Planning Leadership Communication 130

Nerd's Eye View

MAY 8, 2023

In other words, by clearing space during tax season to focus full-time on tax preparation, it was possible for Ben to contain tax prep work to a reasonable number of hours. Which ultimately means that it can be well worth the investment in time and resources given how valuable of a service tax preparation is to many clients!

Tax Planning 98

Tax Planning Planning Investments Practice Management 98

CFO News Room

NOVEMBER 21, 2022

Kyle Moore, CFP® is the founder of Quarry Hill Advisors, a fee-only financial planning and investment management firm that oversees $200M for over 160 households specializing in working with stock-compensated employees and retirees. Author: Kyle Moore. Guest Contributor.

Planning 130

Planning Communication Concentration Tax Planning 130

Nerd's Eye View

JUNE 19, 2023

The necessity of fee increases entails a certain amount of pain for monthly-fee advisors since each conversation around raising fees creates the possibility of pushback from clients that could put a strain on the client-advisor relationship.

Communication 98

Communication Planning Practice Management Numbers 98