Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a research study suggesting that the market volatility experienced in 2022 could increase demand for financial planning services. This increased demand could be particularly acute among younger investors (who might be experiencing an inflationary environment and sustained market downturn for the first time) and those nearing retirement (who might seek professional guidance to ensure their retirement plan is secure).
Also in industry news this week:
- Why a former SEC official expects the regulator to come out swinging when it comes to enforcing its new marketing rule
- Why wrap fee programs appear to be in the crosshairs as the SEC begins to enforce Reg BI
From there, we have several articles on practice management:
- The three essential skills firm owners need to build the right team, including why it is important to always be on the lookout for potential employees
- Why it is important to identify the specific skill sets of firm employees and ensure that they are in sync with the requirements of their position
- Why an incentive compensation program can be superior to a broad-based cost-of-living adjustment for both firms and their employees during the current inflationary period
We also have a number of articles on investments:
- How launching an ETF can create efficiencies for advisors and their clients alike
- A breakdown of the potential costs and benefits for advisors considering launching their own ETF
- Why some RIAs are converting their SMA strategies into ETFs
We wrap up with three final articles, all about time management:
- How to say ‘no’ to taking on extra work without burning any bridges
- Why outsourcing or automating certain tasks can allow you to focus on what’s most important
- How to set appropriate boundaries during the holiday season and beyond
Enjoy the ‘light’ reading!
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