Here’s how advisors can help fix the gender gap in investing — and position themselves to win business from women, as their wealth grows.
Archives for August 2023
#FA Success Ep 346: Moving Procrastinating Clients To “Yes” Instead Of Selling As A Fee-Only Advisor, With Jim Ludwick
Welcome back to the 346th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Jim Ludwick. Jim is the founder of MainStreet Financial Planning, an hourly, fee-only financial planning firm, and also created Procrastination Junction, a coaching program for fee-only financial advisors looking to improve their sales skills. What’s unique about […]
Single pensioners need £257k more for retirement
Single pensioners need £257,000 more than couples to achieve a comfortable living standard in retirement, according to analysis by Standard Life, part of the Phoenix Group. It showed a pensioner couple would need £418,000 per person for a ‘comfortable’ retirement while a single pensioner would need £675,000. Its analysis used the MoneyHelper annuity tool to […]
7 tips to help Black clients find multigenerational success
Experts say Black families planning to preserve past, present and future generations’ wealth have a special set of circumstances to keep in mind. Here are a few tips that can help.
Moving On From Clients Who Aren’t A Fit By Establishing ‘Kill Criteria’ To Protect Yourself
When a financial advisor first opens their own firm, they often start with few (or no) clients and little revenue. And while they might have an ideal target client in mind, it can be tempting to bring on any client who can pay the advisor’s fee so that the advisor can simply ‘keep the lights […]
3.6 million people hit by a scam
Half of UK adults have or know someone who has experienced a financial scam attempt in the last 12 months, according to new research from Canada Life. It reckons 3.6 million people have fallen victim to a scam. The average amount lost to scams was £4,715 per person, or £17 billion as a nation, according […]
Elon Musk launches xAI to take on OpenAI
Image credit: Daniel Oberhaus, Creative Commons, Wikipedia. Elon Musk, at the helm of Tesla, SpaceX, and now Twitter (or simply “X”), is looking for a new project. Apparently, he’s got enough spare time. Rather fittingly for an entrepreneur obsessed with cutting-edge technology, the next big Elon business venture will be to join the new AI […]
5 reasons why non-profits should embrace accounting software
Non-profits are one of the few types of organisations that seem to eschew the use of proper accounting software to manage their books! As NFPs are often volunteer-based, and government or member-funded, they can be extremely prudent with money. But that doesn’t mean one needs to cultivate an ad hoc approach to bookkeeping… While shoebox […]
CAAFP 2023 highlights the power of financial advice in Black communities
The largest annual gathering of Black professionals across financial services championed the reclamation of Black wealth and explained the important role advisors play in the pursuit.
Job listings for financial advisors have spiked 63% in the past year
The CFP Board tracks listings on its Career Center job board to identify trends in the financial planning industry.