September 28, 2023


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Weekend Studying For Monetary Planners (June 17-18)

2 min read

Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that the SEC issued a threat alert highlighting areas of elevated focus concerning its new advertising rule for upcoming examinations, together with whether or not there may be clear disclosure of whether or not the individual giving a testimonial or endorsement is a shopper or investor, if the promoter has been paid, and if there are materials conflicts of curiosity. Amongst different highlighted areas of curiosity, the regulator additionally flagged whether or not sure “ineligible individuals” have been compensated for testimonials or endorsements and advisors’ use of third-party scores in commercials.

Additionally in business information this week:

  • A current survey means that whereas people who work with monetary advisors discover them to be priceless, those that haven’t labored with an advisor earlier than don’t essentially perceive the worth an advisor can present
  • The SEC is contemplating a brand new rule concerning advisers’ use of Synthetic Intelligence instruments, whereas the Division of Labor stated it’s planning to launch the newest proposed replace to its ‘fiduciary rule’ in August

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

  • How advisors can add worth for shoppers by evaluating the potential dangers and advantages of investing in non-public credit score funds
  • Why larger rates of interest might change the calculus for advisors for allocating shopper belongings to cash-like devices
  • How efficiency information counsel that lower-cost bond funds are inclined to carry out higher and are much less unstable than their pricier counterparts

We even have a variety of articles on advisor charges:

  • Whereas charging primarily based on Property Beneath Administration (AUM) stays the most well-liked payment mannequin, many advisors need to retainers and different payment fashions to diversify their income stream and attain extra potential shoppers
  • How advisors can assist their shoppers save on taxes by strategically taking charges from shopper accounts in a tax-efficient method
  • Why improved advisor service ranges and the broader inflationary atmosphere might make now time for corporations to think about elevating their charges

We wrap up with 3 remaining articles, all about taking breaks:

  • Finest practices for a way usually to take breaks throughout the workday and what to do throughout them to advertise focus and creativity
  • How advisors can construction their each day calendars to construct in breaks and improve their productiveness
  • How managers can play an necessary position in creating an workplace tradition the place breaks throughout the day usually are not solely accepted, however inspired

Benefit from the ‘gentle’ studying!

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