September 22, 2023

Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that CFP Board introduced this week that it’s splitting into two separate organizations with the identical management however totally different nonprofit statuses. By switching to 501(c)(6) nonprofit standing, the brand new CFP Board of Requirements may have expanded skills to advance the planning career by lobbying and extra focused promoting messages to develop the ranks of CFP professionals.

Additionally in business information this week:

  • Why money administration methods might turn into more and more essential elements of an advisor’s worth proposition in a higher-interest-rate atmosphere
  • Why improved returns on money merchandise might be a double-edged sword for some advisory shoppers following final yr’s market volatility

From there, now we have a number of articles on follow administration:

  • Why advisors might be the massive winners on the subject of competitors amongst custodians and the entry of software program suppliers into the house
  • Why rising rates of interest may not be a significant hindrance to RIA M&A exercise within the yr forward
  • How client habits analysis may also help advisors decide the perfect technique for elevating their charges

We even have a lot of articles on money movement and budgeting:

  • Why spouses can profit from having totally different views on cash and the way advisors may also help foster constructive communication between companions on monetary points
  • How advisors may also help shoppers shift the spending paradigm from ‘desires versus wants’ to contemplating the perfect methods for attaining their spending priorities
  • How advisors may also help shoppers (and their youngsters) perceive the potential dangers of utilizing ‘purchase now pay later’ companies

We wrap up with three remaining articles, all about time administration:

  • Why making an attempt to optimize downtime can result in burnout
  • A technique for guaranteeing that relationships don’t fall by the wayside
  • How distant employees can shake up their work at home routines

Benefit from the ‘gentle’ studying!

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