Nerd’s Eye View

Weekend Reading for Financial Planners (Sep 22-23)

Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry buzz that TD Ameritrade is increasing the AUM threshold of its AdvisorDirect referral program to affiliated RIAs from a $500,000 minimum to $750,000 instead, while also more fully aligning its branch representative compensation above the threshold toRead More…
Author: Michael Kitces
Posted: September 21, 2018, 6:57 pm

Assessing The Recent Proposals To Reduce RMD Obligations

In recent weeks, there has been a flurry of proposals to potentially modify Required Minimum Distribution (RMD) obligations, from President Trump’s Executive Order, to legislative proposals in both the House and the Senate. In some cases, the proposals would provide some “RMD relief” for those who don’t want or need to take withdrawals during life,Read More…
Author: Michael Kitces
Posted: September 20, 2018, 4:13 pm

Advising Clients On Becoming Reimbursed As Family Caregivers Under Medicaid’s “Cash And Counseling” Program

The number of people who, in a relatively short period of time, will require daily long-term care is increasing by the day, and while some have purchased long-term care insurance, the reality is that many more have not, and will instead have to rely on other means of paying for care, including their own personalRead More…
Author: Michael Kitces
Posted: September 19, 2018, 11:03 am

Scaling An Advisory Firm Beyond Yourself By Systematizing The Soft Skills

Welcome back to the 90th episode of the Financial Advisor Success podcast. This week’s guest is Julie Murphy. Julie is the founder and chief visionary officer of JMC Wealth Management, a dual-registered advisory firm in Chicago with a team of 7 that serves more than 200 active clients with $200 million of AUM, on top of generatingRead More…
Author: Michael Kitces
Posted: September 18, 2018, 11:03 am

Competition For Talent And The Rising Shortage Of Next-Generation Financial Advisors

With the average age of a financial advisor over 50 and nearly 1/3rd of all financial advisors projected to retire in the next 10 years, there is a rapidly rising demand for next-generation talent to replace them. And the demand is only further amplified by the ongoing shift of the advisory industry from commission-based compensationRead More…
Author: Michael Kitces
Posted: September 17, 2018, 11:07 am