Weekend Studying For Monetary Planners (October 21-22)

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Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information {that a} current research from Constancy Institutional highlights the rising recognition of the RIA mannequin and the success advisors have had after going impartial. The research discovered that 1 in 6 advisors have moved companies previously 5 years, with the bulk choosing the impartial channel. Notably, this choice has supplied each qualitative and quantitative advantages for these advisors, as 85% mentioned they now have extra management over their future and 80% noticed their belongings below administration subsequently develop, with a median improve of 42%.

Additionally in trade information this week:

The most recent replace on the standing of the Division of Labor’s proposed regulation associated to fiduciary recommendation on retirement accounts and why the company is referring to it as a “retirement safety rule” fairly than a “fiduciary rule”
A report means that RIA M&A surged within the third quarter, as massive acquirers resumed their brisk tempo of purchases

From there, we now have a number of articles on worker advantages:

Why high-deductible well being plans with paired HSAs could possibly be essentially the most cost-effective and tax-efficient medical health insurance possibility for a lot of purchasers
How monetary advisors may also help purchasers higher perceive their employer-sponsored healthcare choices and make one of the best choice for his or her wants
How advisors can probably save purchasers 1000’s of {dollars} by reviewing their elections for incapacity insurance coverage, office retirement plans, and different advantages in the course of the annual open enrollment interval

We even have quite a few articles on advisor advertising and marketing:

How you can observe up with a prospect who ‘ghosts’ an advisor after the preliminary discovery assembly
Questions that advisors can ask prospects earlier than and through discovery conferences to cut back the probabilities that the prospect will fall out of contact
A 2-part discovery assembly ‘shut’ that may encourage prospects to take the subsequent step to turning into a shopper

We wrap up with three ultimate articles, all about expertise and safety:

Whereas the rising use of facial recognition expertise might improve safety and cut back wait occasions in quite a lot of areas, it additionally comes with potential privateness considerations
How the shift from passwords to passkeys might make logging into accounts safer and handy
Why encouraging customers to concentrate on getting the ‘huge’ issues proper, fairly than making an attempt to handle each potential menace, could possibly be a worthwhile apply for each cybersecurity and monetary recommendation professionals

Benefit from the ‘gentle’ studying!