Financial Planning Magazine - September 2023

LOST IN THE ORGANIC GROWTH JUNGLE

Under 10% of surveyed wealth management professionals in a recent Arizent survey said their firms were 'very successful' at using the online networks to win clients.

For socially-conscious planners, helping high net worth clients grow their wealth can be an alienating experience.

Despite sky-high advisor satisfaction ratings, many wealthy clients lack confidence in their financial situation and could leave in the future.

The industry is getting advisors ready for the great wealth transfer, but next-generation clients will need plenty of guidance too.

Northwestern Mutual's Planning & Progress Study reveals Americans with an advisor are much more confident about their financial futureS, yet only 37% work with one.

Anna N'Jie-Konte and Keith Beverly are aiming for big growth through recruiting and M&A deals aligned around the mission of changing wealth management.

If at first you don't succeed, you're not alone. Here's how do it right.

The panel's recommendation would also seek comments on the possibility of outsourcing some review functions to third-party firms.

Following a Supreme Court ruling banning race-conscious college admissions, some advisors fear that RIAs will step back from their DEI initiatives.

After the regulator's report raised questions about fairness to investors, PIABA is seeking new rules that would require advisory firms to make it easier to file complaints.

Between conflicting data points and countless buzzy 'best practices,' it's easy for advisory firms to get caught up in the weeds on the elusive business booster.

Even wealthy clients may procrastinate on maximizing tax efficiency ahead of the gift and estate tax exemption limits' expected declines in 2026.

The oldest segment of the U.S. population is rapidly growing, creating both opportunities and challenges for financial advisors.

Whether it's due to a health problem or a layoff, many Americans don't get to choose when they leave the workforce. Advisors can help them be ready.

Researchers identified 11 problematic predispositions exhibited by planners when making recommendations to clients.

New research explores the potential for generative AI to serve as a strong support system for wealth management clients.

Financial advisors can help translate desires and values into a concrete giving plan — one that may yield tax savings along the way.

Schisms among parents, children and siblings are on the rise in the U.S. and must be factored into wills, powers of attorneys and other legal instruments.