Nerd’s Eye View

Weekend Reading for Financial Planners (December 16-17)

Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the buzz that last-minute changes to the pass-through provisions of the proposed Republican tax plan could have a major impact on broker-dealers and RIAs, given that the version as written would have a substantial bias for independent broker-dealers overRead More…
Author: Michael Kitces
Posted: December 15, 2017, 7:57 pm

Another Reason For Putting Your Advisory Firm Fees And Minimums On Your Website

The conventional wisdom amongst financial advisors is that the best place to talk about advisory fees and minimums is face-to-face with prospective clients, who are told “Come in for an introductory meeting and ‘we’ll talk’ about the cost to work together.” Doing so allows the financial advisor the opportunity to explain the nature of whatRead More…
Author: Michael Kitces
Posted: December 14, 2017, 6:42 pm

How The Proposed Pass-Through Rules Distort Income And Valuations Of Large Service Businesses

A key aspect of proposed tax reforms, ever since President Trump was on the campaign trail, was the possibility of reducing the tax rate on pass-through business entities like S corporations, LLCs, and partnerships. To some, the tax break was intended as an incentive for small business growth. For others, it was viewed as aRead More…
Author: Michael Kitces
Posted: December 13, 2017, 12:01 pm

#FASuccess Ep 050: The Value Of Hiring A Financial Advisor Coach To Maintain Your Business Focus with Tracy Beckes

Welcome, everyone! Welcome to the 50th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Tracy Beckes. Tracy runs an eponymous financial advisor coaching firm, and in fact was one of the very first coaches to specialize in working with financial advisors nearly 20 years ago. What’s fascinating about Tracy, though, isRead More…

Author: Michael Kitces
Posted: December 12, 2017, 12:01 pm

3 Real #FinTech Disruptions In The Financial Advisory Industry

While the accelerating pace of technological change has many industries buzzing about the risk of disruption – including the world of financial advice – in practice, many forecasted disruptions never come to pass. Sometimes, it’s because the new “innovation” isn’t really all that much better than the status quo – at least, not better-enough toRead More…
Author: Michael Kitces
Posted: December 11, 2017, 12:01 pm