“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. Making a career change as a mid-career professional: “But as a young professional exposed to the effects of the Great Recession and two rounds of layoffs in as many years, I decided to take a step back and consider what was motivating me both personally and professionally. Through that process of discovery and self-reflection, I came to realize I wasn’t on a good path at all. I had no defined goals beyond the next promotion; I wasn’t building anything I valued…
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The Need For Financial Planning: Coronavirus Advice
“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. A tweet from Michael Kitces over the weekend about Northwestern Mutual’s latest survey caught my eye: 20% is a pretty significant chunk of these consumers looking for an advisor for the first time(!). The XY Planning Network‘s advisors seem poised to best service this new influx of prospective clients. They have built their fee-only compensation model (monthly retainer vs. AUM-only) to specifically serve these generations. And while experiencing huge growth since its launch in 2014 (30 members its first year), XYPN’s total advisor count…
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Weekend Content for New Financial Planners (May 23-24, 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. 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…
