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 Trade Fee (SEC) Commissioner Paul Atkins as the following SEC chair, changing Gary Gensler. Atkins’ earlier time on the fee and more moderen 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 in opposition to SEC-regulated companies. Although finally, whereas a slower tempo of regulation may be a aid for monetary advisors who confronted a wave of proposed guidelines throughout Gensler’s tenure, a extra hands-off regulatory strategy may open the door for abuses that would finally decrease the status of the monetary recommendation trade as a complete within the minds of customers (although a lighter burden of regulatory enforcement on RIAs themselves may 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 companies are overwhelmingly happy with their transfer, with agency know-how taking part in a key function each within the determination to depart and their satisfaction with their new agency
- A Federal courtroom has issued an injunction in opposition to the Company Transparency Act, placing a (presumably non permanent) maintain on the earlier January 1 deadline for companies topic to the regulation to file Helpful Possession Data reviews
From there, now we have a number of articles on Well being Financial savings Accounts (HSAs):
- A survey signifies that whereas HSAs have gotten more and more widespread, customers may not be tapping into their full advantages, notably in relation to investing to pay for future medical bills
- How monetary advisors can add worth for shoppers by serving to them keep away from probably expensive pitfalls associated to HSA contributions and distributions
- HSA methods for married {couples} who’ve medical health insurance protection by way of their very own Excessive-Deductible Well being Plans
We even have numerous articles on advisor advertising:
- How advisory companies can turn into «lighthouse manufacturers» that entice shoppers by way of a transparent promise, sturdy product, nice folks, and keenness for what they do
- Why showcasing the personalities of agency employees, relatively than simply specializing in the {dollars} and cents of the worth of monetary planning, might be the important thing to constructing belief with prospects early on within the advertising course of
- How professionals can refresh their private manufacturers, from setting a private imaginative and prescient to getting suggestions from trusted shoppers and colleagues to higher perceive how others presently 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 troublesome job to a extra satisfying exercise
- How advisors can keep away from getting caught on every day ‘to-do lists’ and transfer ahead on longer-term objectives
Benefit from the ‘mild’ studying!
