Practice management
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As the ?fiscal cliff? countdown continues,Rob Isbitts offers some sage advice on how to explain the event to clients, how to prepare for it, and how to incorporate potential strategies into managing client portfolios. See his column at RIABiz. And, be sure you are looking beyond your boomer clients and developing ways to cater to their children ? as well as other potential clients in key demographics. See the Financial Advisor story that follows.
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Fiscal Cliff Is Ready For His Close-Up ? Whether We Are Or Not
By Rob Isbitts
Source: RIABiz
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The threat of Fiscal Cliff will likely lead to some emotional moments between now and year-end, and well into next year if parts of Cliff get kicked still further down the road. Below, I?ll address how to explain the Fiscal Cliff to clients, how to plan for its arrival in full or in part, and some strategic ideas to consider in your portfolio construction taking him into consideration.
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The Generation (And Other) Gaps
By Kate Stalter
Source: Financial Advisor magazine
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Kendra Thompson has a message for advisors: You may have gotten comfortable with your boomer clients, but get ready for some big changes when their children inherit the wealth.
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Breakaways-Aspiring Advisors
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Firms that avoid hiring next-gen advisors ? who can forge connections with younger clients ? are in danger of seeing business walk out the door. Read more about the plight of young advisor hopefuls in the Investment News article below. Also, Edward Jones has hired 300 military veterans as financial advisors so far in 2012. The story is at AdvisorOne.
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On Their Own
By Jason Kephart
Source: Investment News
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From her 750-square-foot apartment in New York?s Harlem neighborhood, Lauren Lyons Cole offers a range of financial planning services to about 20 clients each month. She has always had her eye on running her own practice, but it happened a lot sooner than she planned, because at 28, ?there was no other option.?
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Edward Jones Hires 300 Military Veterans For Advisor Positions
By Joyce Hanson
Source: AdvisorOne
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Edward Jones announced last week that it had hired 300 military veterans as financial advisors so far in 2012. These 300 new positions add to the roughly 1,300 veterans that Edward Jones has already employed in an advisory role.
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Retirement Planning
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So far the DOL?s new 401(k) fee disclosure rules haven?t caused much of a stir from plan sponsors or their participants, but that will change, experts says. See the Financial Advisor article below for more onindustry reaction to the rules thus far. Also, Fidelity Investments announced that the average 401(k) balance reached its highest-ever mark in the third quarter. Read the details in the AdvisorOne story that follows.
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No More Secrets
By Jerilyn Klein Bier
Source: Financial Advisor magazine
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The U.S. Department of Labor?s new 401(k) fee disclosure rules haven?t generated much of a response yet from plan sponsors or their participants, but the eventual reaction will be huge, industry experts believe.
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Fidelity Reports Highest-Ever Average 401(k) Balances
By John Sullivan
Source: AdvisorOne
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Good news from Fidelity Investments on the subject of retirement planning. The Boston-based investing behemoth, the nation?s largest 401(k) provider, announced on Thursday that the average 401(k) balance it administers reached $75,900 at the end of the third quarter.
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Related posts:
- RIA Central Digests for 11/13/2012 Sales & Marketing ? ?Sales call reluctance? is a key problem that hinders success, according to a behavioral sciences researcher. Read about what sets the most productive salespeople apart from the others in the AdvisorOne story below. Also, Amy McIlwain writes about how to handle the risks that often come...???
- RIA Central Digests for 09/13/2012 Compliance ? A new survey shows that many advisors aren?t as fiduciary as they think they are. Read Jeff Schlegel?s story from Financial Advisor magazine for more details on survey results. Also, a recent report indicates how hard it is for advisory firms to maintain clean records. See the AdvisorOne...???
- RIA Central Digests for 09/11/2012 Sales & Marketing ? To attract new clients, you may need to devise a strategy to differentiate yourself. David Lawrence writes about techniques to help you create a plan in his column at Financial Advisor. And, Gil Weinreich at AdvisorOne talks with an industry consultant about how to ?connect? with...???
- RIA Central Digests for 07/12/2012 Compliance ? The SEC must soon submit to Congress a report on financial literacy ? including information that retail investors should know before hiring an advisor and purchasing financial products. Details are in the Investment News story that follows. Also, an advisor finds that trying to clear his name isn?t...???
- RIA Central Digests for 06/12/2012 Sales & Marketing ? If you?re on LinkedIn, make sure you?ve changed your password following the recent announcement of stolen password hashes. A guest columnist at RIABiz explains how the hacking likely occurred and how to be cautious with your personal and professional online credentials. See the link below. Also,...???
Source: http://riacentral.com/2012/11/14/ria-central-digests-for-11142012/
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