Weekend Studying For Monetary Planners (April 22-23)

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 and marketing messages and providers offered match, not just for robo-advisors, however for human advisors as effectively. And that the SEC is now scrutinizing not simply whether or not shoppers are invested in a fashion in keeping with their Funding Coverage Assertion, but in addition that if the advisory agency guarantees varied ‘tax-smart’ administration techniques (resembling tax-loss harvesting), that the SEC shall be inspecting whether or not the agency actually adopted via precisely, for each consumer, on these commitments as effectively.

Additionally in business information this week:

• The SEC permitted a brand new FINRA rule supposed to make it more durable for brokers to have consumer disputes expunged from their document
• A Morningstar survey means that shoppers usually tend to hearth their advisor for service or relationship causes reasonably than due to charges or lackluster funding returns

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

• Why I Bonds is likely to be dropping a few of their luster amid a declining inflation price
• What number of customers are transferring their banking actions to their brokerage agency
• Why advisory agency shoppers would possibly wish to take into account private cyber insurance coverage

We even have a lot of articles on advisor advertising and marketing:

• Why it may be useful to first take into account what makes an advisory agency marketable earlier than choosing particular advertising and marketing techniques
• The potential advantages for advisory companies of hiring a fractional marketer
• Why spending cash to supply useful content material, reasonably than on promoting, can repay for a agency and their broader group

We wrap up with 3 remaining 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 likely to be the important thing to creating it really feel like time is passing extra slowly
• The gradual course of that led 1 advisor to understand the present dimension of his agency was ‘sufficient’

Benefit from the ‘mild’ studying!

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