Enjoy the latest issue of The Weekend Reading for Financial Planners. This week, shortly after introducing its own self-clearing platform and acquiring RIA custodian Shareholder Services Group, Altruist raised his $112 million Series D funding round, bringing its total funding to surpassed his $290 million. The company said most of the funding will go toward research and platform development as it attempts the daunting task of moving more midsize RIAs from current custodians to Altruist.
Also, this week’s industry news:
- The Financial Planning Foundation has been pushed toward its goal of connecting 10,000 CFP professionals to pro bono work with increased funding from Orion Advisor Solutions.
- FINRA has resubmitted the proposal with stricter rules that allow brokers working remotely to supervise other brokers without designating the broker’s home as a branch.
From there, there are several articles on practice management.
- Delegating tasks you don’t like not only saves your advisor time, but empowers your staff
- Why Technical Professionals Can Succeed in Leadership Roles Than “Professional Managers”
- Why one large RIA focuses on screening prospects and employees to promote long-term sustainability of company culture
There are also many articles on Social Security.
- Why news stories about possible future reductions in Social Security benefits may make some individuals more likely to claim early and what advisers can do to ease these fears
- How Advisors Can Help Clients Reduce Taxable Social Security Benefits (and Overall Income)
- Proposed strategies for investing in defined contribution retirement plans that may encourage more individuals to delay claiming social security benefits
We conclude with three articles on managing distractions.
- Why it’s more productive to focus on what you can control rather than “doom-scrolling” the news
- Potential Productivity and Happiness Benefits of Auditing Your Online Activity
- Concerns about distractions that were shared by medieval monks centuries ago are not unique to modern times.
Enjoy your “light” reading!