Nerd’s Eye View

#FASuccess Ep 042: Building Group Financial Wellness Classes To Expand The Reach Of Financial Advice with Carol Craigie

Welcome back to the forty-second episode of the Financial Advisor Success podcast! My guest on today’s podcast is Carol Craigie. Carol is the co-founder of Fiscal Fitness Clubs of America, a financial wellness company that aims to expand the reach of financial planning advice using a combination of online education and Group Classes. What’s fascinatingRead More…
Author: Michael Kitces
Posted: October 17, 2017, 11:01 am

2017 Financial Advisor Compensation Trends And The Emerging Shortage Of Financial Planning Talent

After years of tepid increases in the average compensation of financial advisors, the latest bi-annual industry benchmarking studies from both Investment News and FA Insight reveal that the industry’s long-forecasted talent shortage appears to be taking hold. According to the latest data, the average Paraplanner with 4 years of experience is earning total compensation ofRead More…
Author: Michael Kitces
Posted: October 16, 2017, 11:01 am

Weekend Reading for Financial Planners (October 14-15)

Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the announcement of the annual Social Security COLA (cost-of-living adjustment) for 2018, which will be a whopping 2.0%… a modest increase, and one that most ongoing Social Security recipients won’t even enjoy due to the unwind of the MedicareRead More…
Author: Michael Kitces
Posted: October 13, 2017, 6:59 pm

Navigating RIA Non-Compete And Non-Solicit Employment Agreements As A Financial Advisor

In their eagerness to simply get a job as a financial advisor, many new financial planners gloss over the details of what they’re agreeing to in their RIA employment agreement regarding their clients if it doesn’t work out. After all, it’s often a moot point to worry about what happens to your clients if theRead More…
Author: Michael Kitces
Posted: October 12, 2017, 8:40 pm

Rules For Calculating Required Minimum Distributions (RMDs) During Life

To limit the otherwise-generous benefits of tax deferral for traditional retirement accounts, the Internal Revenue Code requires retirement account owners to begin taking money out of their accounts upon reaching age 70 ½. Not that retirees are required to actually spend the money. But the funds must be distributed out of the retirement account, triggeringRead More…
Author: Michael Kitces
Posted: October 11, 2017, 11:01 am