With rate cuts still on the horizon, some advisors wonder if it’s time to look for returns beyond high-yield savings and money market accounts.
Archives for 2024
Supreme Court overrules 40-year-old Chevron doctrine
The Court held that the APA requires courts to exercise their independent judgment in deciding whether an agency has acted within its statutory authority and not to defer to an agency’s interpretation of the law simply because a statute is ambiguous.
Weekend Reading For Financial Planners (June 29-30)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study found that at a time when the number of SEC-registered broker-dealers and their registered representatives is declining, the number of SEC-registered RIAs, their assets under management, and the number of clients they […]
Kitces & Carl Ep 141: Creating The Space To Have More Meaningful Money Conversations With Clients
The practice of asking questions has always been an integral part of the financial planning process. In the early days of the advicer industry, those questions almost exclusively dealt with facts around a client’s or prospect’s financial situation to determine (ultimately) what products the adviser should recommend. However, given the industry’s ongoing transition away from […]
Open banking comes to Reckon! Bank transfers and data feeds are now supercharged
In a new deal with SISS Data Services (Australia’s leading independent provider of secure bank data services) Reckon is proud to add powerful and secure bank data services to our payroll and accounting software. As Reckon CEO Sam Allert noted on the fresh partnership, We’re very excited to deliver this significant enhancement for our small […]
Ask an advisor: Can I take my time paying my credit card debt?
A retiree in New York could pay off her debts in one lump sum. But is that the smartest move?
DB pension transfer activity reverses decline
DB pension transfer activity increased ‘marginally’ in May – reversing a downward trend – with transfer values remaining stable, according to the latest XPS Pensions monthly transfer report. The rise in activity comes after April’s record low. XPS said the value of a typical transfer remained stable having fallen to its lowest point in six […]
529-To-Roth IRA Rollovers: Taking Advantage Of The New Option To Move Education Savings To Retirement Savings
Traditionally, the challenge in using a 529 plan to save for higher education expenses has been figuring out how much to save to cover the beneficiary’s college costs without overshooting and saving more in the 529 plan than is actually needed. Because while 529 plans’ combination of tax-deferred growth on invested funds and tax-free withdrawals […]
#FASuccess Ep 391: Improving Efficiency (In A Solo Practice) By Eliminating What Clients Don’t Really Care About Anyway, With Christopher Jones
Welcome everyone! Welcome to the 391st episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Christopher Jones. Chris is the founder of Sparrow Wealth Management, an RIA based in Orlando, Florida, that oversees approximately $110 million in assets under management for 68 client households. What’s unique about Chris, though, is how […]
Free risk videos for Consumer Duty Alliance members
The Consumer Duty Alliance is offering Financial Planners and adviser firms which are members a free version of Money Alive Office videos, including its new ‘Investment Risk’ and popular ‘Protect Yourself From Scams’ box sets. The investment risk box set is designed to work alongside an adviser’s risk profiling tool of choice. It is suitable […]