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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 the Division of Labor this week launched its long-awaited “retirement safety rule”, its newest effort to curb conflicts of curiosity round retirement financial savings suggestions. Amongst different measures, the proposal would amend the present 5-part check that determines fiduciary standing for retirement accounts by defining as a fiduciary act a one-time advice to roll funds from an organization retirement plan to an Particular person Retirement Account (IRA), strengthen recommendation requirements for unbiased insurance coverage professionals, apply to insurance coverage merchandise that aren’t securities, and would cowl recommendation to plan sponsors concerning the menu of funding choices to incorporate in an organization’s retirement plan… although, like the same ‘fiduciary rule’ proposed in the course of the Obama administration, this newest regulatory effort is prone to face important pushback from monetary product producers and distributors.
Additionally in business information this week:
- A current examine signifies that the RIA mannequin has seen important development within the variety of corporations and advisors in the course of the previous decade, and these corporations are anticipated to regulate 1/3 of business AUM by 2027
- Regardless of market headwinds resulting in a contraction in advisory agency AUM in 2022, corporations continued to supply robust revenue margins thanks partly to natural development
From there, we’ve a number of articles on funding planning:
- Why sure personal fairness investments may not have the diversification advantages that many advisors and purchasers would possibly count on
- Why the present yield on TIPS might make them a gorgeous a part of a retirement earnings technique for purchasers
- Whereas small caps have skilled greater returns than their bigger counterparts in the course of the previous century, current analysis calls into query whether or not this issue will persist
We even have numerous articles on advisor advertising and marketing:
- How content material advertising and marketing may help advisors appeal to purchasers, even when it means giving freely a few of their ‘secrets and techniques’
- Why presenting prospects with proposed planning suggestions in the end might scale back the probabilities that they develop into purchasers
- How one advisor has used an extra-methodical gross sales course of to transform prospects into purchasers who will likely be an excellent match for his planning fashion and philosophy
We wrap up with 3 ultimate articles, all about potential makes use of of Synthetic Intelligence (AI) for advisors:
- Why advisors usually tend to work in tandem with AI instruments, somewhat than as rivals
- How advisors can produce higher ‘prompts’ and get essentially the most out of ChatGPT and different giant language fashions
- Why advice engines could possibly be the subsequent massive technological advance in funding administration
Benefit from the ‘mild’ studying!
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