Younger folks making money mistakes, ostensibly b/c little financial literacy taught in schools.

Or do human beings learn important lessons through mistakes, & your 20s is when you learn them?

'What Americans don't know about finance is costing them' investmentnews.com/industry-news/…

Should Internal Succession Plans Provide A G2 Discount? In Kitces & Carl Ep136 (Carl Richards), we explore the extent which an owner might consider selling the firm at below-market to an internal successor, and structuring the deal. bit.ly/3VPzXiv Doodle by Manda Szewczyk

The Great Convergence And The Death Of Fiduciary Differentiation (For RIAs) bit.ly/3NDa0yo

Interesting Caleb Brown data - nearly half of new advisors coming into the profession don't want client- (or prospect-)facing roles at all. They want to start in paraplanning or operations and work their way up...

'Career Satisfaction Research Survey' newplannerrecruiting.com/career-satisfa…

Join us for a webinar with Holistiplan where we'll discuss the real-world applications of our new guide, the TCJA Sunset Provision Summary Guide, plus how to leverage the fpPathfinder and Holistiplan integration.

Register now & get the guide for free ➡️ buff.ly/3UkOule

My guest #FASuccess podcast Ep379 is Hans Blake. He shares how he created Intelligrations, a form of financial dashboard software that dynamically consolidates a client's key asset data points and assembles them into a 1-page visual statement. bit.ly/4cCRIYv #advicers

It can sometimes feel natural to let the client relationship go into 'maintenance mode', but this may not mean all is well. Meghaan Lurtz, Ph.D. talks about:
-High engagement & low engagement
-Identifying levels of engagement
-3 opportunities for engagement
bit.ly/49EUSs6 #advicers

A short 🧵(1/x)

🚨Breaking News🚨

IRS just released its latest RMD Guidance for beneficiaries of IRAs, 401(k)s, etc. who are subject to the 'new' 10-Year Rule created by the original SECURE Act.

Actual text: irs.gov/pub/irs-drop/n…

Here are the 2 most important takeaways...

The Importance Of Finding Your Tax Equilibrium Rate For Retirement Liquidations bit.ly/42MNyqX

This month in #AdvisorTech :
- An emerging wave of price increases from long-term AdvisorTech vendors
- Startup Wealthfeed raises $2M of venture capital to launch a new digital prospecting tool

Plus, new additions to the Map!
.... and more!
bit.ly/3xgTJJJ

My guest on #FASuccess Ep381 is@bamconsults. Ashley shares how her background in psychology and couples therapy helps clients navigate their relationships with money & help advisors get clients unblocked so they can move forward and implement. bit.ly/3W0APRM #advicers

In #FASuccess Ep377, Meredith Moore shares her journey of growing her firm to >$1M annual revenue, despite a major health event. She talks about:
-Her niche on women execs and entrepreneurs
-Her whirlwind experience being accepted as a TEDx Women speaker
bit.ly/3IIWHcs

PE firms trying out a model where employees got a small slice of shares, in the hopes they are more focused on growth & make everyone's shares more valuable?

'Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit' nytimes.com/2024/01/28/bus…

They're optimistic and future-oriented. Makes sense - you save for a future that you think about and see opportunity in...

'These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them' cnbc.com/2023/11/14/the…

Kitces Research suggests that the more marketing techniques advisors implement, the faster their firms grow. But with limited resources, how can advisors do that? Managing Editor Sydney Squires explains how 1 content can be used for 6 different techniques. bit.ly/4arvDdI

The Extraordinary Upside Potential Of Sequence Of Return Risk In Retirement bit.ly/3Na5lm1

Incredible thread about making the leap to do real financial planning for your clients. And the awakening when we see how many ways there are out there to serve clients beyond what we learn within our firm's own four walls.

Agreed. Same thing for me when I'm looking at advisor websites to make a referral. If I have to talk to you just to find out if my referral meets your model/minimums, it's faster to just look up another more transparent advisor's website and refer to them instead.

Most advisor websites are fairly generic, so prospects can't tell them apart. The ones with a differentiated value offering and target clientele are driving results...

'Why FAs Are Pouring Money into Websites But Not Getting Leads' financialadvisoriq.com/c/4417854/5718…

The buzz continues on taxing unrealized gains of the UHNW. But still unclear how this can be applied to privately held companies when there is no clear valuation to measure against?

'Democrats tout new ways to tax the wealth of the super-rich' washingtonpost.com/business/2024/…