Weekend Reading for Financial Planners (July 20-21)

Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the big industry news that the CFP Board has decided to delay enforcement (but not the rollout itself) of its new fiduciary standard, allowing brokerage firms another 9 months (from October of 2019 until June of 2020) toRead More...
July 19, 2019, 6:59 pm

Kitces & Carl Ep 12: Communicating With Clients To Bring Them Under The Cone Of Trust

Although “real” (i.e., holistic and comprehensive) financial planning encompasses far more than “just” investments, for better or worse, clients look to their financial advisors as people who are (at least) more knowledgeable than your average bear in regards to “the market.” Because, while providing advice on a client’s portfolio is just one part of theRead More...
July 18, 2019, 11:03 am

The Problem With FIREing At 4% And The Need For Flexible Spending Rules

The modern form of retirement – a period of non-work that you can and must enter because you’re no longer able to work – is itself a rather modern phenomenon, and one that ironically became both more feasible and more necessary as life expectancies increased over the past 100 years. Because when coupled to theRead More...
July 17, 2019, 11:26 am

#FASuccess Ep 133: Joining As Sibling Partners To Launch A Joint Advisory And Accounting Firm, With Danna Jacobs

Welcome back to the 133rd episode of Financial Advisor Success Podcast! My guest on today’s podcast is Danna Jacobs. Danna is the co-founder of Legacy Care Wealth and Inspired Vision Accounting, a combination of financial planning and small business accounting firms that serve nearly 80 high-income, next-generation clients. What’s unique about Danna though is thatRead More...
July 16, 2019, 11:06 am

The Great Convergence And The Death Of Fiduciary Differentiation (For RIAs)

For the past several decades, RIAs have increasingly differentiated themselves and their advice from competing broker-dealers by the “best interests” fiduciary standard that RIAs owe to their clients, from outright marketing themselves as fiduciaries, to signing “Fiduciary Oaths” for clients (that other broker-dealers wouldn’t and couldn’t sign). The fiduciary distinction for RIAs wasn’t originally intendedRead More...
July 15, 2019, 11:03 am


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