Welcome back to the 280th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Brian Carney. Brian is a co-founder of RiversEdge Advisors, an independent RIA based in Wilmington, Delaware that oversees over $400 million in assets under management for nearly 300 client households. What’s unique about Brian, though, is how […]
A Career Changer’s Guide To Becoming A Financial Advisor: Career Paths, Preparation, Education, Costs, And More!
The COVID-19 pandemic has led many workers to consider changing careers, perhaps for greater pay or flexibility. For those with an interest in personal finance and helping others, a career change into the financial advice industry could be an attractive option, particularly given that financial advisors generally report having a strong sense of wellbeing and […]
Weekend Reading For Financial Planners (May 7-8)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that amid a wave of mergers, the number of broker-dealers has declined during the past few years, according to a report from FINRA. And while broker-dealers are also seeing a decline in the number of their […]
What Is a Nominal Account? [Definition + Examples]
Accounting deals with many different types of accounts. One account you may stumble across in your accounting journey for your business is a nominal account. But, what are nominal accounts? We’re here to help you understand just that. This article goes over: Nominal account definition Types of nominal accounts Nominal account examples Nominal account definition […]
Kitces & Carl Ep 85: Building Your (Local) Brand With PR That Actually Works
Traditionally, advisors have relied on client referrals and networking to attract potential clients, but with modern technology and an increase in publicity mediums available, advisors have many more options to build a brand to represent themselves. However, with more available methods to choose from, advisors are increasingly challenged to find the ones that are most […]
What do rising interest rates mean for your business?
In case you’ve been on safari or an extended sailing trip, you’ve probably heard that on Tuesday 3 May 2022, the Reserve Bank of Australia (RBA) raised the benchmark interest rate to 0.35 percent—up from a record low of 0.1 percent. With the last interest rate rise being in 2007, this is news indeed. We’ve […]
What do rising interest rates mean for your business?
In case you’ve been on safari or an extended sailing trip, you’ve probably heard that on Tuesday 3 May 2022, the Reserve Bank of Australia (RBA) raised the benchmark interest rate to 0.35 percent—up from a record low of 0.1 percent. With the last interest rate rise being in 2007, this is news indeed. We’ve […]
Questions, Not Answers: Conversations For Advisors To Navigate Clients’ Anxiety Around Change
Financial advisory clients are bound to experience stressful conditions that can impact their finances at some point during their relationship with their advisor. From market downturns to geopolitical shocks, there are many potential external factors that might make a client nervous about their financial situation. What’s more, the stories individuals tell themselves can lead to […]
Maximising Mother’s Day for your business
If you run a small business, you have an excellent opportunity for a sales promotion coming up this Sunday 8 May It’s Mother’s Day! Mother’s Day is a prime opportunity to up-sell walk-ins, ramp-up retail sales, and convert a surplus of bookings into loyal clients. According to Australian Retailers Association, the nation is set to […]
Maximising Mother’s Day for your business
If you run a small business, you have an excellent opportunity for a sales promotion coming up this Sunday 8 May It’s Mother’s Day! Mother’s Day is a prime opportunity to up-sell walk-ins, ramp-up retail sales, and convert a surplus of bookings into loyal clients. According to Australian Retailers Association, the nation is set to […]