What Financial Advisors Are Reading This Week

22nd Mar 2016

Word Cloud Retirement

How The Risks Of The Wealthy Help The Middle Class

Advisor and wealth manager Tanya Tucker looks at conservative theorist Jeffrey Anderson’s “Main Street Tax Plan.” His plan is focused “on the well-being of typical Americans” but Tucker argues it would do very little to boost their economic chances because the typical American doesn’t have much money to lose. The rich have money to lose, says Tucker, which is why much lower tax rates on wealth that is earned or inherited are so crucial to the economic well-being of everyone else.

Via The Trust Advisor

Wealth Management Is The Most Profitable Business Model For Financial Advisors

Among the three types of business models adopted by financial advisors (wealth management, multi-family offices and investment management), wealth management is regularly the most profitable. In each of the business models, some financial advisors were earning millions of dollars annually, but the relative percentage of wealth managers was greater with slightly more than 10% of wealth managers earning $1 million or more in 2015; 45% earned between $500,000 and $1 million.

Via Forbes


This Estate Mistake Can Tear Your Family Apart

Equal splits among siblings are still the norm in estate planning, yet a new study finds that more parents are writing wills that favor some of their children more than others that experts say that’s a recipe for discord.

The number of parents who treat their children unequally in wills more than doubled from 1995 to 2010, according to an October 2015 working paper from the National Bureau of Economic Research.

Via The Trust Advisor

Why More Clients Leave Indie Brokers Than Wirehouses

Clients of wirehouse advisors are much less likely to leave than those who work with independent brokers. In 2015, just 5% of wirehouse clients left their advisors over high fees but 16% left independent broker-dealers and 20% left dually-registered advisors. The rate may have something to do with the types of clients the various advisors target.

Via Financial Advisor IQ

Is Retirement Facing Extinction?

Retirement wealth is turning into retirement poverty for a growing portion of working households, according to the Economic Policy Institute (EPI). The labor-focused think tank has found “retirement wealth has not grown fast enough to keep pace with an aging population and other changes.” While retirement wealth has risen in absolute terms since the 1990s, the EPI says the growth trend has lagged behind changes in the aging population’s size and needs.

Via The Nation

Dedicated DB@ DedicatedDB

Here are 6 tips to help you plan for retirement via @CNBC #retirement #retirementplanning https://t.co/tD0c161gmR

8:35 PM 19 April 2019

Dedicated DB@ DedicatedDB

Looking for a tax deduction? See how much you can save with our free Defined Benefit calculator #definedbenefithttps://t.co/uwc1ckzVDC

7:34 PM 19 April 2019

Dedicated DB@ DedicatedDB

A 25-year-old YouTuber quit her day job and now makes 6 figures recording herself eating via @money #youtuberhttps://t.co/4BH5ZaL5Nq

5:14 PM 19 April 2019

Dedicated DB@ DedicatedDB

11 strategic topics to discuss at your next meeting with your financial advisor via @forbes #advisorshttps://t.co/Q1ulizP44R

4:15 PM 19 April 2019

Dedicated DB@ DedicatedDB

Financial advisors are innovating their practices too slowly and that may have negative implications for their grow… https://t.co/8JaWYTFuzp

8:55 PM 18 April 2019

Dedicated DB@ DedicatedDB

2019 PR trends are affecting high-income PR professionals, who are opening Defined Benefit plans #PRhttps://t.co/fQDGQILpEF

5:30 PM 18 April 2019

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