Nerd’s Eye View

#FASuccess Ep 026: Stop Asking For Referrals And Improve Your Referrability Index Instead with Steve Wershing

Welcome back to the twenty-sixth episode of the Financial Advisor Success podcast! This weeks’ podcast guest is Steve Wershing. Steve is a practice management and marketing consultant for financial advisors, with a particular focus on how to generate more referrals to grow your business. But what’s unique about Steve, though, is his approach to referralRead More…
Author: Michael Kitces
Posted: June 27, 2017, 11:01 am

CFP Board Commission On Standards Expands CFP Fiduciary Duties… But Can It Enforce Them?

After a nearly 18-month process of working to update its Standards of Professional Conduct, the CFP Board’s Commission on Standards has released newly proposed Conduct Standards for CFP professionals, expanding the breadth of when CFP professionals will be subject to a fiduciary duty, and the depth of the disclosures that must be provided to prospectsRead More…
Author: Michael Kitces
Posted: June 26, 2017, 11:01 am

Weekend Reading for Financial Planners (Jun 24-25)

Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the release of the CFP Board’s newly proposed Code of Ethics and Standards of Conduct for CFP professionals, which would further expand their scope of fiduciary duty to virtually all forms of financial advice. Also in the regulatory newsRead More…
Author: Michael Kitces
Posted: June 23, 2017, 4:12 pm

Navigating Compliance Oversight When Blogging As A Financial Advisor

As digital marketing for financial advisors slowly gains momentum, there is growing interest amongst financial advisors to launch their own blog as a means to showcase their expertise. Yet the challenge, for advisors at both broker-dealers and RIAs, is that any prospective advertising content to the public must first be reviewed by compliance, and theRead More…
Author: Michael Kitces
Posted: June 22, 2017, 12:07 pm

How Financial Counseling Laboratories Will Change Financial Planning

It is widely acknowledged that there is both an ‘art’ and a ‘science’ to financial planning. Technical knowledge – the “science” – is crucial to delivering the technically accurate advice to clients. But the best advice in the world is meaningless if the financial advisor can’t master the “art” of delivering it in a skillfulRead More…
Author: Michael Kitces
Posted: June 21, 2017, 11:01 am