Inside Information Newsletter
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August 2019 In this issue...
- Trendy Technical topics: Here are some of the highlights from the AICPA’s ENGAGE conference in Las Vegas, which will help you provide more value to your planning clients.
- Conferences: Takeaways from the ENGAGE conference keynote presentations.
- Client Service: Here's a process where you can survey your clients and get instant data analysis on the responses.
- Parting Thoughts: A much better tax proposal than the SECURE Act.
July 2019 In this issue…
- High-Tech Investing: From index replication to automated tax-loss harvesting, from subscribing to portfolio management to customized SRI investing, there’s a lot of technological change in the investing space.
- Planning: Congress has created a lot of complication for high-end estate planners. Here's how to fix the problems.
- The Profession: How "cloud native" software could transform your desktop and the way you do business.
- Parting Thoughts: A close look at the actual disclosure requirements in the text of the SEC's Reg BI regulation.
June 2019 In this issue…
- Improving Your Mind, Raising Focus, Hiring Practices and Compliance Synopsis: Here are the highlights of the NAPFA Spring conference in Austin, TX.
- Client Services: You've probably heard about one client assessment tool. But here are three much better ones.
- Practice Management: What are the most interesting discussions taking place in the HIFON network these days?
- Parting Thoughts: How Wall Street captures the SEC, one staffer at a time.
May 2019 In this issue...
- Storm Cloud Gathering: A bond manager’s front-row view of increasing debt, another round of credulous bond ratings, looser debt security and indiscriminate buying. Didn’t we see these same warning signs eleven years ago?
- Practice Management: What if you could replace PortfolioCenter with a less expensive system--and get additional software capabilities as well?
- Practice Management: What software saves you the most time and delivers most value to clients?
- The Profession: Make way for the CFAs.
- Parting Thoughts: My return to consulting.
April 2019 In this issue...
- Marketing to Perfect Strangers Synopsis: Social media may not be as complicated as people a certain age had assumed.
- Client Services: A new resource uses best practices from the best advisory firms to help you improve your client service.
- Client Services: Tools and tutorials that help you provide college planning advice.
- Practice Management: Chalice Financial Network offers some attractive discounts.
- Parting Thoughts: Maybe state regulation of financial planners isn't so bad after all.
March 2019 In this issue...
- More Dangers of Suitability: When brokers line their pockets at the expense of their customers, fiduciary advisors often have to clean up the mess they left behind.
- The Profession: Winners and losers at the recent T3 advisor conference— and some of the trends that the software world is driving in the profession.
- Practice Management: to use the data that you already have in your system to drive growth and profitability.
- Parting Thoughts: Here's a difficult conversation that I hope never happens.
February 2019 In this issue…
- Succession Template: Start ten years before your succession begins, by building a strong staff and providing training in leadership. Create an open, collaborative process where the candidates are given feedback on their qualifications. Separate management from ownership, as a way to simplify the process.
- The Profession: Takeaways from the PFP Summit, featuring Tracy Beckes, Angie Herbers, Ed Jacobson and two experts on office design.
- Client Services: An AI-driven bookkeeper can help you provide cash flow management to your complicated clients.
- Parting Thoughts: The next lobbying frontier for a fiduciary standard appears to be at the state level.
January 2019 In this issue…
- Objective Compensation: Here’s a rare guide to how you can transform subjective performance bonuses into incentives to achieve specific, measurable metrics.
- Client Service: Read this before you give clients advice on their student loans.
- Practice Management: How to get instant workflows into your CRM system.
- The Profession: Is it really such a great idea to have instant ACATS transfers?
- Parting Thoughts: Next year's debate about the SEC's Reg BI proposal is going to be good for the profession.