September 30, 2023

Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that in a settlement with the SEC, robo-advisor platform Betterment agreed to pay a $9 million penalty for allegedly misstating the frequency that its automated tax-loss harvesting system was scanning some consumer accounts between 2016 and 2019, highlighting the significance of guaranteeing that advertising messages and providers offered match, not just for robo-advisors, however for human advisors as properly. And that the SEC is now scrutinizing not simply whether or not purchasers are invested in a way in line with their Funding Coverage Assertion, but in addition that if the advisory agency guarantees varied ‘tax-smart’ administration ways (akin to tax-loss harvesting), that the SEC shall be analyzing whether or not the agency actually adopted by precisely, for each consumer, on these commitments as properly.

Additionally in business information this week:

  • The SEC authorized a brand new FINRA rule meant to make it harder for brokers to have consumer disputes expunged from their report
  • A Morningstar survey means that purchasers usually tend to fireplace their advisor for service or relationship causes relatively than due to charges or lackluster funding returns

From there, now we have a number of articles on money stream and spending:

  • Why I Bonds is perhaps shedding a few of their luster amid a declining inflation price
  • What number of customers are shifting their banking actions to their brokerage agency
  • Why advisory agency purchasers may need to think about private cyber insurance coverage

We even have a variety of articles on advisor advertising:

  • Why it may be priceless to first think about what makes an advisory agency marketable earlier than choosing particular advertising ways
  • The potential advantages for advisory companies of hiring a fractional marketer
  • Why spending cash to supply priceless content material, relatively than on promoting, can repay for a agency and their broader group

We wrap up with 3 ultimate articles, all about managing time:

  • How advisory agency house owners can put together themselves and their companies for time away from the workplace
  • Why having new experiences is perhaps the important thing to creating it really feel like time is passing extra slowly
  • The gradual course of that led 1 advisor to comprehend the present measurement of his agency was ‘sufficient’

Benefit from the ‘gentle’ studying!

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