“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 edition begins with two articles covering today’s client preferences and industry trends. The first provides more data points showing clients prefer technology to complement, rather than replace, human financial advice. The second suggests Schwab is positioning itself well for this dynamic, announcing this week a new version of its robo-advisor platform on a monthly, subscription-fee basis. The next two articles center around advisor marketing and public relations with the first highlighting all of the benefits of creating a client persona and how to develop one.…
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The Need for Financial Planning: Tax Cut Jobs Act Guidance
“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. *** Since its passing in late 2017, you have probably heard of the Tax Cut Jobs Act (or TCJA). With tax season in full swing, you have probably seen it being mentioned even more frequently. But perhaps you’ve always had your tax professional handle all of your matters and aren’t really sure of the new law’s significance. As prospective financial planners, the passage of TCJA cannot be understated. Major changes to the tax law do not come around very frequently. The last? 1986 (!).…
