Inside Information Archives - 2012 


    DISCLAIMER: This document has not been approved, disapproved, or otherwise acted upon by any senior technical committees, and does not represent an official position of the American Institute of Certified Public Accountants. It is distributed with the understanding that the contributing authors and editors, and the publisher, are not rendering legal, accounting, or other professional services. If legal advice or other expert assistance is required, the services of a competent professional should be sought.

    Note: Access to Inside Information is a benefit of PFP/PFS membership, which is an individual membership. If your peers would like access to this newsletter service, they can either purchase directly from Bob Veres or sign up for PFP membership.

    View the 2013 Archives View the 2011 Archives

     


    December 2012 In this issue…

     

    • Early Warning: Every year, some of the best conferences are held in the first couple of months – and thus are early to miss. One of the best is the [AICPA] Advanced Personal Financial Conference… which routinely features some of the best panel discussions on real-world topics.
    • Contract Planning: How to provide wide-ranging financial advice to any of 6,000 middle-income employees who ask for it.
    • Three Faces of Staff Management: Three interesting perspectives on how to manage your staff and leverage yourself.
    • Fixing Group-Think: How to rescue your investment committees from group-think and analysis paralysis.

     


    November 2012 In this issue…

     

    • Ensemble Consulting: The ensemble business model offers a variety of advantages: faster growth, optimal potential for client service, a better work environment for employees, distributed decision-making and succession planning options.
    • Measuring Our Differences: How to actually use those psychological profile instruments in your
    • practice--and understand why problems inevitably crop up among us
    • Fast-Tracking Wealth Management: What is Tim Kochis up to now? If he's successful, you'll see a blossoming wealth management culture in emerging Asia.
    • The Next 2008?: Are we moving toward another 2008? Or 1987? More importantly: are you prepared?

     


    October 2012 In this issue...

     

    • Mindshift In the Leadership Pipeline: Here's a supercharged version of the traditional organizational chart--plus how to reposition your role for a successful succession planning process.
    • The Process-Centric Office: How to create a process-centric office and push right through your next ceiling of complexity.
    • Valuing Value Investing: Three legendary fund managers let you look over their shoulders at the anomalies and inefficiencies in the investment markets.
    • Rethinking Testimonials: It's long past time for the SEC to rethink its restrictive testimonial rules for RIAs.

     


    September 2012 In this issue...

     

    • Feedback Loop: How do you create a culture of continuous improvement in your service model? Here's the formula created by one of the major custodians.
    • Integrated Compliance: Is it possible to transition your compliance work into a practice management asset?
    • The Outsource CIO: Should you consider bringing in an outside professional to help you create and manage client portfolios?
    • Holistic Monetizing: The next new service for advisors could be helping clients monetize their illiquid assets.

     


    August 2012 In this issue…

     

    • The Unwrapped Guarantee: Here’s a way to slap a lifetime withdrawal benefit guarantee on any part of a client’s portfolio—without a commission, without a VA, and without locking up your client’s money.
    • Exciting Adventures In Performance Reporting: A few new ideas in how to structure your quarterly performance reports – and also what to benchmark against.
    • Distracting or Relevant? You know whether clients can afford your services. Should that affect what you charge them?

     


    July 2012 In this issue…

     

    • Transition Life Planning: Tools to help clients with stressful changes in their money situations - and their lives.
    • A Trillion Here, A Trillion There: Eight major economic themes each could potentially add $1 trillion to global GDP by 2020.
    • One-Page Career: How to supercharge your professional evolution--and do the same for your clients.
    • The Optimized Retirement: Giving sophisticated advice on Social Security could significantly boost client retirement income.
    • Where’s the Problem? Do we really need the SEC to conduct on-site RIA inspections?

    NOTE: With respect to Bob’s “Early Warning” on page 1, the PFP Division offers networking opportunities for PFP/PFS members based on region or special interests (see aicpa.org/PFP/networking). Further, we support a uniform, elevated standard of care for broker-dealers and RIAs, so long as the fiduciary standard is no less stringent than the standard currently applied to investment advisers under the Investment Advisers Act. Our positions on a variety of legislative and regulatory issues can be found our website (see aicpa.org/PFP/advocacy). Finally, the discount referenced is valid only until July 31st and applies to NEW AICPA members (both non-CPA associates and regular members). This special 50% off promotion is valid for the first year of membership and also applies to PFP Section membership. Encourage your peers to join while this limited-time discount is available! Use the promo code NNCPA1 to get 50% off the first year of membership, 50% off Section memberships and no enrollment fee (regularly $65).


    June 2012 In this issue...

     

    • Harnessing the Power of Trust: Here are some of the best insights you're likely to find anywhere in the most important, least-visible component of your advisory business.
    • Recapitalization, Recovery and Owl Economics: The economic morass in Europe may be deeper than we think. Also: is there a better way to approach our government debt issues?
    • Decumulation Demystified: New insights into decumulation and how to build retirement-oriented portfolios
    • Filling In the Blanks: A fast, inexpensive way to find the cost basis of a current holding
    • Parting Thoughts -The Wrong Side of History: Why is the Financial Services Institute fighting the fiduciary concept and embracing FINRA?

     


    May 2012 In this issue...

     

    • Long Term Care: Once again, you're hearing about a lot of turmoil in the long-term care marketplace. Here's some analysis you probably haven't seen before.
    • Portfolio Management: Hedge fund replication is an interesting diversifying tool for client portfolios. But how do you measure the benefits?
    • The Profession: If you could start your practice all over from scratch, would it start to resemble this one?
    • Parting Thoughts: If we really want to protect consumers, why not look at a much broader spectrum of bad advice providers?

     


    April 2012 In this issue….

     

    • Practice Management: To maximize referrals, select a target market and define it in terms of the outcomes they want you to bring to them. Then creatively rehearse with clients your niche and value proposition.
    • Practice Management: An entirely new way to structure your succession plan--if you're willing to look beyond the simple transfer of stock.
    • The Profession: Three great breakouts from the SSG Conference in San Diego.
    • Parting Thoughts: The fiduciary model is on the right side of history, and brokers are starting to realize it.

     


    March 2012 In this issue….

     

    • Practice Marketing: Demystifying the Social Media phenomenon for advisors.
    • The Profession: A chart shows the growth rates of various professional organizations and service providers.
    • Client Services: Your guide to planning for special-needs families.
    • Practice Management: What we learned at the T3 Conference in Dallas.
    • Parting Thoughts: Why it makes sense to explore more sophisticated investment strategies- -and why it doesn't.

     


    February 2012 This issue includes in-depth write-ups of some of the best sessions from last month’s AICPA PFP Conference, including...

     

    • Client Services: A rich smorgasbord of estate planning strategies
    • Client Services:  Hidden risks in your clients’ retirement projections
    • Client Services: How to review your clients’ life insurance policies
    • The Profession:  Surveying your political and economic landscape
    • Portfolio Management:  Is MPT still valid?
    • Client Services:  The origins of happiness

     


    January 2012 In this issue...

     

    • Regulatory Landscape: It's time to consider an alternative SRO in case Congress grants FINRA's regulatory desires. As it happens, we already have something to work with.
    • Practice Management: What will be your next major decision about your career and your practice?
    • Practice Management: Advisors who have been dually-registered might recognize the value proposition and culture of TradePMR.
    • Parting Thoughts: An apology to our readers. Also: A call for at least a SEMBLANCE of fairness in our regulatory oversight and enforcement.



    A A A


     
    Copyright © 2006-2014 American Institute of CPAs.