Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that President-elect Trump plans to appoint former Securities and Change Fee (SEC) Commissioner Paul Atkins as the following SEC chair, changing Gary Gensler. Atkins’ earlier time on the fee and newer statements counsel that he’ll take a extra circumspect strategy to monetary regulation in comparison with Gensler and will look to restrict disclosure necessities (together with these associated to advisor compensation for the sale of sure monetary merchandise) in addition to the quantity and measurement of penalties issued towards SEC-regulated corporations. Although finally, whereas a slower tempo of regulation is likely to be a reduction for monetary advisors who confronted a wave of proposed guidelines throughout Gensler’s tenure, a extra hands-off regulatory strategy might open the door for abuses that might finally decrease the repute of the monetary recommendation trade as an entire within the minds of customers (although a lighter burden of regulatory enforcement on RIAs themselves might encourage extra advisors to maneuver to the RIA channel, maybe accelerating the shift in direction of fiduciary recommendation?).
Additionally in trade information this week:
- A current survey discovered that monetary advisors who’ve lately switched corporations are overwhelmingly happy with their transfer, with agency expertise taking part in a key function each within the resolution to depart and their satisfaction with their new agency
- A Federal courtroom has issued an injunction towards the Company Transparency Act, placing a (probably non permanent) maintain on the earlier January 1 deadline for companies topic to the legislation to file Useful Possession Info studies
From there, we’ve a number of articles on Well being Financial savings Accounts (HSAs):
- A survey signifies that whereas HSAs have gotten more and more common, customers won’t be tapping into their full advantages, significantly relating to investing to pay for future medical bills
- How monetary advisors can add worth for purchasers by serving to them keep away from probably expensive pitfalls associated to HSA contributions and distributions
- HSA methods for married {couples} who’ve medical insurance protection by means of their very own Excessive-Deductible Well being Plans
We even have a lot of articles on advisor advertising and marketing:
- How advisory corporations can turn out to be “lighthouse manufacturers” that entice purchasers by means of a transparent promise, robust product, nice individuals, and keenness for what they do
- Why showcasing the personalities of agency employees, moderately than simply specializing in the {dollars} and cents of the worth of monetary planning, could possibly be the important thing to constructing belief with prospects early on within the advertising and marketing course of
- How professionals can refresh their private manufacturers, from setting a private imaginative and prescient to getting suggestions from trusted purchasers and colleagues to raised perceive how others at present see them
We wrap up with 3 remaining articles, all about overcoming procrastination:
- The organic roots of procrastination and why this tendency could be laborious to beat
- 3 methods for overcoming a procrastination behavior, from breaking down a problem into bite-sized items to tethering a tough job to a extra pleasing exercise
- How advisors can keep away from getting caught on day by day ‘to-do lists’ and transfer ahead on longer-term objectives
Benefit from the ‘gentle’ studying!