September 28, 2023


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Weekend Studying For Monetary Planners (March 11-12)

2 min read

Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that President Biden launched his newest price range proposal this week, which requires a spread of tax will increase on higher-income and wealthier taxpayers to fund deficit discount and the president’s spending priorities. Whereas the price range nearly definitely will face stiff resistance in a divided Congress, proposals that would have an effect on monetary advisors and their purchasers embrace rising the highest earnings and capital good points tax charges, elevating the Web Funding Earnings Tax price and making use of it to pass-through earnings, and rising the quantity of the kid tax credit score.

Additionally in trade information this week:

  • Altruist’s self-clearing custodial platform has gone reside, providing RIAs of all sizes a substitute for bigger, legacy custodians
  • Whereas the SEC is planning to extend the variety of on-site examinations it conducts, the percentages {that a} agency will expertise an examination in a given 12 months look like remaining regular

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

  • How advisors can add worth to purchasers by serving to them maximize the advantages of their Well being Financial savings Accounts
  • How the IRS might be making ready to finalize laws that will require some beneficiaries with inherited IRAs to take RMDs this 12 months
  • Why increased rates of interest have an effect on the utility of a spread of trusts used for property and tax planning, from GRATs to QPRTs

We even have a lot of articles on apply administration:

  • How aggressive pressures and progress challenges might drive RIA M&A exercise within the coming 12 months
  • A course of that may assist advisory agency homeowners craft a succession plan that matches their targets for his or her agency and for their very own retirement
  • The key position that feelings play in an advisor’s determination to promote their agency and how one can forestall them from scuttling a deal

We wrap up with three remaining articles, all in regards to the makes use of of Synthetic Intelligence (AI)-enabled instruments for advisors:

  • How a brand new instrument embedded in Microsoft Phrase may also help advisors craft and edit content material
  • How advisors can use AI-enabled instruments to extra effectively generate content material concepts, proofread textual content, and create advertising and marketing movies
  • Why ChatGPT might be a helpful instrument to assist advisor advertising and marketing, from creating advert copy to drafting prospect emails

Benefit from the ‘mild’ studying!

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