Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that President-elect Trump plans to appoint former Securities and Trade Fee (SEC) Commissioner Paul Atkins as the subsequent SEC chair, changing Gary Gensler. Atkins’ earlier time on the fee and more moderen statements recommend that he’ll take a extra circumspect method to monetary regulation in comparison with Gensler and will look to restrict disclosure necessities (together with these associated to advisor compensation for the sale of sure monetary merchandise) in addition to the quantity and dimension of penalties issued in opposition to SEC-regulated corporations. Although finally, whereas a slower tempo of regulation is perhaps a aid for monetary advisors who confronted a wave of proposed guidelines throughout Gensler’s tenure, a extra hands-off regulatory method may open the door for abuses that would finally decrease the status of the monetary recommendation business as a complete within the minds of customers (although a lighter burden of regulatory enforcement on RIAs themselves may encourage extra advisors to maneuver to the RIA channel, maybe accelerating the shift in direction of fiduciary recommendation?).
Additionally in business information this week:
- A latest survey discovered that monetary advisors who’ve just lately switched corporations are overwhelmingly happy with their transfer, with agency know-how taking part in a key function each within the determination to go away and their satisfaction with their new agency
- A Federal courtroom has issued an injunction in opposition to the Company Transparency Act, placing a (presumably momentary) maintain on the earlier January 1 deadline for companies topic to the regulation to file Useful Possession Data reviews
From there, we’ve a number of articles on Well being Financial savings Accounts (HSAs):
- A survey signifies that whereas HSAs have gotten more and more fashionable, customers won’t be tapping into their full advantages, significantly on the subject of investing to pay for future medical bills
- How monetary advisors can add worth for shoppers by serving to them keep away from probably expensive pitfalls associated to HSA contributions and distributions
- HSA methods for married {couples} who’ve medical insurance protection by way of their very own Excessive-Deductible Well being Plans
We even have a lot of articles on advisor advertising and marketing:
- How advisory corporations can develop into “lighthouse manufacturers” that appeal to shoppers by way of a transparent promise, sturdy product, nice individuals, and keenness for what they do
- Why showcasing the personalities of agency employees, somewhat than simply specializing in the {dollars} and cents of the worth of monetary planning, might be the important thing to constructing belief with prospects early on within the advertising and marketing course of
- How professionals can refresh their private manufacturers, from setting a private imaginative and prescient to getting suggestions from trusted shoppers and colleagues to raised perceive how others presently see them
We wrap up with 3 ultimate articles, all about overcoming procrastination:
- The organic roots of procrastination and why this tendency could be laborious to beat
- 3 methods for overcoming a procrastination behavior, from breaking down a problem into bite-sized items to tethering a troublesome activity to a extra satisfying exercise
- How advisors can keep away from getting caught on every day ‘to-do lists’ and transfer ahead on longer-term targets
Benefit from the ‘mild’ studying!
