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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 funds proposal this week, which requires a variety of tax will increase on higher-income and wealthier taxpayers to fund deficit discount and the president’s spending priorities. Whereas the funds nearly definitely will face stiff resistance in a divided Congress, proposals that might have an effect on monetary advisors and their shoppers embrace rising the highest revenue and capital beneficial properties tax charges, elevating the Web Funding Revenue Tax charge and making use of it to pass-through revenue, and rising the quantity of the kid tax credit score.
Additionally in trade information this week:
- Altruist’s self-clearing custodial platform has gone dwell, providing RIAs of all sizes an alternative choice to 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 yr seem like remaining regular
From there, now we have a number of articles on tax planning:
- How advisors can add worth to shoppers 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 might require some beneficiaries with inherited IRAs to take RMDs this yr
- Why greater rates of interest have an effect on the utility of a variety of trusts used for property and tax planning, from GRATs to QPRTs
We even have quite a few articles on apply administration:
- How aggressive pressures and development challenges may drive RIA M&A exercise within the coming yr
- A course of that may assist advisory agency house owners craft a succession plan that matches their objectives for his or her agency and for their very own retirement
- The key function that feelings play in an advisor’s choice to promote their agency and stop them from scuttling a deal
We wrap up with three ultimate articles, all concerning the makes use of of Synthetic Intelligence (AI)-enabled instruments for advisors:
- How a brand new software embedded in Microsoft Phrase might 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 movies
- Why ChatGPT might be a precious software to help advisor advertising, from creating advert copy to drafting prospect emails
Benefit from the ‘mild’ studying!
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