Nerd’s Eye View

Does It Matter Whether You Get Your CFP From A “Top Ranked” Program?

For parents these days, there’s a huge focus these days on not just getting kids into college, but getting them into the “right” college. And whether it’s realistic or not, many people by default want to plan for their kids getting into recognized Ivy League schools like Harvard, Yale, or Stanford, in the hopes that studying atRead More…
Author: Michael Kitces
Posted: March 23, 2017, 12:36 pm

The Evolution Of The Four Pillars For Retirement Income Portfolios

The research on the optimal strategy to generate retirement income from a portfolio has been evolving for decades. In the 1950s and 1960s, with the initial rise of a portfolio-based retirement, the leading strategy was simply to buy bonds and spend the interest (by literally “clipping the coupons” from the bearer bonds of the time).Read More…
Author: Michael Kitces
Posted: March 22, 2017, 11:00 am

#FASuccess Ep 012: Delivering Profitable Financial Planning To Millennials For A Monthly Retainer Fee With Sophia Bera

Welcome back to the twelfth episode of the Financial Advisor Success podcast! This week’s guest is Sophia Bera, the founder of Gen Y Planning, a financial advisory firm that is successfully and profitably delivering financial planning to Millennials, by charging them an ongoing monthly retainer fee to access her financial advice. Sophia’s path to launchingRead More…
Author: Michael Kitces
Posted: March 21, 2017, 11:00 am

What Is Financial Coaching, And Best Practices For Becoming One

While the number of business models for financial advisors continues to grow, from its commission-based roots, to the AUM model, and more recently to hourly and retainer models, the fundamental challenge is that virtually all of those models are still focused on the “traditional” domains of financial planning, including retirement, insurance, estate, taxes, and investments.Read More…
Author: Michael Kitces
Posted: March 20, 2017, 11:01 am

Weekend Reading for Financial Planners (Mar 18-19)

Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a “surprising” Field Assistance Bulletin issued last week by the Department of Labor on its looming fiduciary rule, noting that there’s a real possibility that the rule will not be delayed by the April 10th applicability date, but then stating thatRead More…
Author: Michael Kitces
Posted: March 17, 2017, 6:55 pm