Nerd’s Eye View

FP Transitions And The Kelley Blue Book Valuation Of An Advisory Firm

An independent financial advisory firm can have significant value, even if the business doesn’t have any physical or intellectual property to yield profits. Because the reality is that with annually recurring revenue and 95%+ client retention rates, there really is income-producing value in an advisory firm, even if it’s mostly based on the “goodwill” ofRead More…
Author: Michael Kitces
Posted: February 20, 2017, 12:00 pm

Weekend Reading for Financial Planners (Feb 18-19)

Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a 2-part series from Bob Veres, exploring all the various technology solutions that have emerged in recent months specifically to help advisors comply with various aspects of the DoL fiduciary rule, from workflows for transitioning clients to level feeRead More…
Author: Michael Kitces
Posted: February 17, 2017, 7:54 pm

Why Series 7 Brokers Legally CAN’T Be Client Fiduciaries Without DoL Fiduciary

With the flurry of activity and attention surrounding the Department of Labor’s fiduciary rule and whether it will be delayed or not, there has been a dramatic increase in media coverage around what it means to be a fiduciary, and a push for consumers to seek out RIAs over those who work at broker-dealers. DespiteRead More…
Author: Michael Kitces
Posted: February 16, 2017, 1:46 pm

The Real Reason Big Savers Retire Early: Minimizing Retirement Savings Needs

The standard advice in saving for retirement is rather straightforward: save as much as you can, starting as early as you can, to maximize the amount of your savings and how long it has to grow. The more you can get into the retirement account, and the longer that you can let it compound, theRead More…
Author: Michael Kitces
Posted: February 15, 2017, 12:02 pm

#FASuccess Ep 007: Matthew Jarvis On Building a Highly Profitable Lifestyle Practice by Age 35

Welcome back for the seventh episode of the Financial Advisor Success podcast! This week’s guest is a bit different from those we’ve had on the podcast in the past – because he reached out to me to share his story. And it’s a pretty incredible one. Matthew Jarvis is the founder of his eponymous firmRead More…
Author: Michael Kitces
Posted: February 14, 2017, 12:01 pm