The Advisor Project

Benjamin Daniel
  • Home
  • About
  • Resources
  • Disclaimers
Menu
  • Home
  • About
  • Resources
  • Disclaimers
  • Financial Planning,  Planning Profession

    The Need For Financial Planning: Coronavirus Advice

    June 16, 2020

    “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…

    Read More
    Benjamin Daniel No Comments
  • Financial Planning,  Industry Insights,  Investing,  Weekend Content for New Planners

    Weekend Content for New Financial Planners (March 28, 2020)

    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,…

    Read More
    Benjamin Daniel No Comments
  • Retirement,  Savings

    The Need For Financial Planning: Retirement Shortfall

    February 29, 2020

    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…

    Read More
    Benjamin Daniel No Comments
  • Taxes

    The Need for Financial Planning: The New “QBI” Deduction

    May 25, 2019

    “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. *** As we recently covered, the new tax law titled the Tax Cut Jobs Act brought in the most significant changes to tax planning in several decades. These big changes bring the need for advisor guidance in helping clients navigate the new rules. One of the more significant parts of the new law is a new deduction for business owners. Dubbed the Section 199A deduction, or QBI (Qualified Business Income) deduction, its purpose is to maintain the tax benefit (no double taxation) that certain…

    Read More
    Benjamin Daniel No Comments
  • Taxes

    The Need for Financial Planning: Tax Cut Jobs Act Guidance

    March 2, 2019

    “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 (!).…

    Read More
    Benjamin Daniel No Comments
  • Financial Planning,  Investing

    The Need for Financial Planning: Two Types of Portfolio Risk (Part 2)

    January 24, 2019

    “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. *** Continuing our look at systematic risk, unsystematic risk, and diversification, today we dive in a bit deeper to consider foreign equity markets and historical returns. As we mentioned in Part 1, investors tend to overallocate their equity positions to their home country (a tendency referred to as home-country bias). For example, we noted that U.S. investors allocate over 70% of their stock portfolio to U.S. stocks even though they only represent approximately 50% of the global stock market. When considering foreign equities, which are the…

    Read More
    Benjamin Daniel No Comments
  • Financial Planning,  Investing

    The Need for Financial Planning: Two Types of Portfolio Risk (Part 1)

    January 3, 2019

    “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. *** When designing portfolios, one of the primary issues is defining, measuring, and allocating risk. The traditional approach to risk management separates risks into two worlds: systematic and unsystematic risk. What exactly do these risks entail? Systematic risks are risks that investors accept by simply investing in the system. In other words, these are market risks that cannot be diversified away. Systematic risks include such negative events as wars, natural disasters, and other similar unexpected events. If you’ve ever heard of the term Beta,…

    Read More
    Benjamin Daniel No Comments
  • Credit

    Factors That Impact Credit Scores

    December 6, 2018

    Will opening a new line of credit help or hurt one’s credit score? How much of available credit should be utilized? Will credit inquiries negatively affect one’s score? There seems to be a lot of confusion around credit scores, as a recent Transunion survey suggests: 43% of consumers believe checking their credit score has the same effect as when a lender checks it and 44% of consumers believe marital status is factored. As such, let’s clarify the factors that actually affect FICO credit scores. Each of the following percentages represent how important each category is in generating a credit score: 35% payment history. 30% amounts owed. 15% length of credit…

    Read More
    Benjamin Daniel No Comments

Recent Posts

  • May 30, 2024 New Advisor Marketing Inside Out (May 2024)
  • May 12, 2024 What’s Trending For New Financial Planners (May 2024)
  • Apr 30, 2024 New Advisor Marketing Inside Out (April 2024)
  • Apr 07, 2024 What’s Trending For New Financial Planners (April 2024)
  • Mar 20, 2024 New Advisor Marketing Inside Out (March 2024)

Categories

  • Book Notes
  • CFP Curriculum Discussion Questions
  • CFP Curriculum Recaps
  • Credit
  • Financial Planning
  • Financial Planning Articles
  • Industry Insights
  • Investing
  • Marketing
  • New Advisor Marketing Inside Out
  • Planning Profession
  • Practice Management
  • Retirement
  • Sales
  • Savings
  • Taxes
  • Weekend Content for New Planners
  • What's Trending For New Financial Planners

Archives

  • May 2024 (2)
  • April 2024 (2)
  • March 2024 (2)
  • February 2024 (2)
  • January 2024 (2)
  • December 2023 (2)
  • November 2023 (2)
  • October 2023 (1)
  • September 2023 (2)
  • August 2023 (4)
  • July 2023 (5)
  • June 2023 (4)
  • May 2023 (4)
  • April 2023 (5)
  • March 2023 (4)
  • February 2023 (4)
  • January 2023 (5)
  • December 2022 (4)
  • November 2022 (4)
  • October 2022 (5)
  • September 2022 (4)
  • August 2022 (4)
  • July 2022 (5)
  • June 2022 (4)
  • May 2022 (5)
  • April 2022 (4)
  • March 2022 (4)
  • February 2022 (4)
  • January 2022 (5)
  • December 2021 (4)
  • November 2021 (4)
  • October 2021 (5)
  • September 2021 (4)
  • August 2021 (5)
  • July 2021 (4)
  • June 2021 (4)
  • May 2021 (5)
  • April 2021 (4)
  • March 2021 (4)
  • February 2021 (4)
  • January 2021 (5)
  • December 2020 (4)
  • November 2020 (5)
  • October 2020 (4)
  • September 2020 (4)
  • August 2020 (5)
  • July 2020 (2)
  • June 2020 (2)
  • May 2020 (2)
  • April 2020 (2)
  • March 2020 (1)
  • February 2020 (1)
  • January 2020 (1)
  • December 2019 (1)
  • November 2019 (1)
  • October 2019 (1)
  • September 2019 (1)
  • August 2019 (1)
  • July 2019 (1)
  • June 2019 (1)
  • May 2019 (1)
  • April 2019 (1)
  • March 2019 (2)
  • February 2019 (2)
  • January 2019 (4)
  • December 2018 (6)
  • September 2018 (3)
  • August 2018 (5)
  • July 2018 (4)

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org