[ad_1]
Benefit from the present installment of "Weekend Studying For Monetary Planners" – this week’s version kicks off with the information that prosperous Individuals consider they want a median of $5.5 million in property to each retire and move on a legacy curiosity (although many have but to determine an property plan), in response to a current survey. On the similar time, in addition they overwhelmingly acknowledge the worth of monetary advisors, not solely for rising their wealth past what they might have achieved on their personal, but in addition for serving to them really feel extra ready and fewer harassed about their funds!
Additionally in business information this week:
- A current survey signifies that monetary advisors proceed to maneuver in direction of ETFs and away from mutual funds in the case of shopper portfolio suggestions, although a majority of advisors proceed to see a job for lively administration within the funding administration course of
- A former worker has filed a lawsuit alleging Reg BI violations at Constancy, together with a push for advisors to push clients to make use of the corporate’s personal higher-fee managed accounts moderately than lower-cost funds, which, if discovered to be true, might result in a wider SEC investigation and sound a warning for different corporations that is likely to be participating in comparable practices
From there, we’ve a number of articles on tax planning:
- Amidst a broader tax enforcement push, the Treasury Division this week introduced that it plans to crack down on "foundation shifting" transactions utilized by sure partnerships to cut back their tax payments
- A current Supreme Court docket ruling relating to buy-sell agreements signifies the worth advisors can add by reviewing these preparations to make sure they meet their shoppers' wants with out creating a further tax burden
- How monetary advisors can assist shoppers keep away from (more and more punitive) estimated tax penalties, from figuring out the quantity they owe to leveraging methods to pay the taxes effectively
We even have various articles on advisor advertising:
- Whereas an advisor would possibly be tempted to spend most of a prospect assembly explaining their private story and the worth they’ll provide, lively listening may very well be a simpler method to construct belief with the prospect and improve the probabilities they resolve to change into a shopper
- How utilizing a easy visible "highway map" can assist tie collectively for a prospect an advisor’s verbal rationalization of their providers and the subsequent steps if the prospect decides to change into a shopper
- How flipping ache factors into optimistic, achievable objectives to work in direction of can assist prospects higher perceive the worth an advisor affords
We wrap up with 3 remaining articles, all about the price of automotive possession:
- How a mix of elevated sticker costs and rates of interest are combining to dramatically improve the price of buying a brand new (or used) automotive
- How the maths behind the choice of whether or not to drive a automotive 'into the bottom' or purchase a brand new one has modified in recent times
- Why automotive insurance coverage premiums have spiked properly past the general inflation price in the course of the previous yr
Benefit from the 'mild' studying!
[ad_2]
