“Weekend Content for New Financial Planners” is a collection of articles, podcasts, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more. Persevering through a financial crisis to create your dream career: “My advice is, don’t give up. Learn where you are. And I would say like if you don’t like where you are, you can move on.” #FASuccess Ep 177: Career-Changing To Become A Financial Advisor In The Midst Of A (Financial Crisis And) Bear Market, with Sara Stanich (Michael Kitces, Kitces.com) Signs of hiring amid COVID-19: “Amid a pandemic, lockdowns and unprecedented volatility, advisor Evelyn Zohlen filled not one, but two open…
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Weekend Content for New Financial Planners (May 9-10, 2020)
“Weekend Content for New Financial Planners” is a collection of articles, podcasts, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more. This edition of Weekend Content for New Financial Planners begins on the theme of developing your professional brand. A Twitter thread from MetaLab founder and investor Andrew Wilkinson provides some thought-provoking analysis on the benefits and competitive advantages of developing your brand. Next, Barron’s Steve Garmhausen’s conducts an interview with one of the industry’s most well-known “personal brands” in Ric Edelman, covering what it takes to establish and maintain your brand. Finally, if you have any reservations about the potential for…
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Weekend Content for New Financial Planners (April 25-26, 2020)
“Weekend Content for New Financial Planners” is a collection of articles, podcasts, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more. This installment of “Weekend Content for New Financial Planners” begins with three articles covering the pandemic’s effects on various aspects of financial advising. The first, from Jeff Benjamin with InvestmentNews.com, provides anecdotal evidence of advisors being inundated with new client prospects as well as a Nationwide Financial survey showing nearly 25% of respondents engaged a financial advisor for the first time ever(!). Next, WealthManagement.com’s Diana Britton highlights data from the CFP® Board’s recent online survey reporting that CFP® professionals have received…
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Weekend Content for New Financial Planners (April 11-12, 2020)
“Weekend Content for New Financial Planners” is a collection of podcasts, articles, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more. This edition of “Weekend Content for New Financial Planners” opens with three articles looking at what it’s like to weather the impact of the coronavirus from the financial advisor’s perspective. Joey Loss with Life Planning Partners displays some vulnerability and a refreshing perspective in describing some of the doubts a young advisor can encounter while encouraging clients to “stay the course.” Bryan Hasling of JW Harrison follows with an insightful blog post detailing the lessons he has learned about managing clients…
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Weekend Content for New Financial Planners (March 28, 2020)
“Weekend Content for New Financial Planners” is a collection of podcasts, articles, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more. This installment begins with two articles from New Planner Recruiting’s co-founder Caleb Moore. Moore provides tips on how to handle a downmarket for both job seekers and firms (as a new advisor or career-changer, “seeing” the employer’s perspective can be especially helpful). Given the turbulent markets amid the pandemic, we next look at a couple of investing-related articles. The first comes from The Wall Street Journal’s Jason Zweig covering how the market collapse and economic slowdown affect the human brain (relevant,…
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The Need For Financial Planning: Retirement Shortfall
The Need for Financial Planning” covers financial planning topics and ties in data suggesting the opportunity for new and prospective advisors to improve America’s financial health. *** After finishing a final exam for my Income Tax Planning course (woohoo!) last week, I began my Retirement Planning and Employee Benefits course. While my previous studies have touched on retirement planning (CFA® examinations and Series 7), this course goes a lot deeper into the nuances of tax-advantaged accounts. The retirement planning material actually grabs your attention right off the bat, so much so that I felt a revival of this “The Need for Financial Planning” series was due. I was certainly aware…
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Weekend Content for New Financial Planners (January 31, 2020)
“Weekend Content for New Financial Planners” is a collection of podcasts, articles, videos, etc. that I’ve been consuming regarding breaking into financial planning, industry trends, career development, and more. *** With the start of a new year (and decade!), it’s a good time to rebrand the “Financial Planning Articles” series. With many of my links featuring podcast episodes and videos, “Weekend Content for New Financial Planners” better describes the content that I share in this series. This edition appropriately kicks off with two podcast episodes geared towards transitioning into the industry. From FPA Activate, the first is an interview between Hannah Moore and XY Planning Network’s Financial Planning and Process…
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Financial Planning Articles (December 31, 2019)
“Financial Planning Articles” is a collection of articles and research that I’ve been reading regarding financial planning, industry trends, career development, and more. *** This installment of Financial Planning Articles actually begins with two insightful podcasts (with transcripts) from Michael Kitces. The first interviews Kenneth Robinson of Practical Financial Planning and covers a range of valuable topics including credibility benefits from targeting a niche from your previous profession, using a Founders Club to refine your process at launch (and to potentially gain your first clients), and the value of working with a coach. The second podcast was actually just released today and highlights how Peter Lazaroff has been able to…
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Book Notes: “Sell Or Be Sold,” by Grant Cardone — Chapters 13 through 15.
“Book Notes” is a collection of notes from books relevant to entering the industry and practicing financial planning. *** Note: For a series introduction and an explanation of my interest in the book, check out this page with my notes on the first three chapters. *** Chapter 13: Massive Action In Chapter 13, Cardone introduces his 10X principle which has become one of his core principles. He begins the chapter by opining that most people underestimate the amount of work it takes to reach their goals. Next, he describes his view on four different types of action. He goes on to note the benefits of taking massive action and to…
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Book Notes: “Sell Or Be Sold,” by Grant Cardone — Chapters 10 through 12.
“Book Notes” is a collection of notes from books relevant to entering the industry and practicing financial planning. *** Note: For a series introduction and an explanation of my interest in the book, check out this page with my notes on the first three chapters. *** Chapter 10: Establishing Trust Cardone begins this chapter by reminding readers of the skepticism buyers typically feel towards salespeople – and whose responsibility it is to handle that distrust to make the sale. He goes on to explain when individuals should address the trust issue and his preferred way to increase credibility. “Distrust in the sales cycle is not the buyer’s problem, but yours!”…
