Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information {that a} latest research signifies that whereas general social media engagement for monetary companies corporations was down in 2023 in comparison with the earlier yr, corporations boosted their engagement by posts that have been totally authentic content material (relatively than sharing third-party content material), spoke to the agency’s or advisor’s ideas (with posts responding to present information subjects lagging), and have been text-based (which was notably efficient for wealth administration professionals posting on LinkedIn). Altogether, the research means that social media engagement is pushed extra by the standard (and originality) of the advisor’s content material, relatively than the amount of posts.
Additionally in business information this week:
- The SEC this week introduced a proposed rule that might require RIAs to gather and confirm their shoppers’ private data in an effort to stop illicit exercise, although many corporations possible are taking many of those steps already
- Why bigger RIAs and people who have been acquired are inclined to have worse consumer and workers turnover than different corporations
From there, we now have a number of articles on retirement planning:
- A latest research signifies that whereas the median retirement age for present retirees was 62, staff at present anticipate to be employed properly previous this age, suggesting that some won’t be financially ready for a (maybe involuntary) earlier-than-expected retirement
- 7 methods advisors might help their shoppers plan for an early retirement, from serving to shoppers uncover the true motivation behind their need to presenting the complete vary of potential outcomes for a retirement that may final 40 years or longer
- How incorporating details about a consumer’s continual well being circumstances can result in extra correct life expectancy assumptions and retirement earnings planning
We even have numerous articles on funding planning:
- How the recognition of mannequin portfolios have taken off over the previous few years, permitting advisors to spend extra time with shoppers on planning subjects past funding administration
- Whereas mannequin portfolios can enhance the effectivity of an advisor’s funding planning course of and permit them to create tailor-made consumer portfolios with out ranging from scratch, they do require some hands-on work by advisors utilizing them
- How software program might help advisors select the very best mannequin portfolio choices for his or her shoppers’ wants and cut back the period of time it takes to implement and handle them
We wrap up with 3 closing articles, all concerning the planning career:
- What particular person corporations, and the monetary planning business as a entire, can do to stave off an impending scarcity of certified advisors
- How the monetary planning business can function a task mannequin, not just for different kinds of companies, but additionally for a way society as an entire views interpersonal relationships and the definition of success
- How comparatively smaller RIAs can stand out amidst a convergence within the practices of wealth administration corporations throughout the dimensions spectrum
Benefit from the ‘mild‘ studying!
