Enjoy the latest issue of The Weekend Reading for Financial Planners. This week’s issue begins with news that several states are considering a series of tax increases aimed at high-income and ultra-high net worth residents after similar proposals fail to pass. at the federal level. Whether these measures will actually be enacted remains to be seen, but proposed measures include increasing income and capital gains tax rates, introducing a wealth tax, and reducing state property tax exemptions. and may create future planning opportunities for advisors with clients in these states.
Also, this week’s industry news:
- Although the number of RIA M&A deals increased in 2022, the size of these deals decreased. This is likely a reflection of difficult market and economic headwinds.
- A recent survey found that nearly half of financial advisory clients have changed or are considering changing advisors since the start of the pandemic, making portfolio performance a key consideration in their decision-making process. Suggested.
From there, there are several articles on practice management.
- Why Advisory Firms First Consider Whether You’re Optimally Using Your Current Tech Stack Before Turning To New Software Solutions
- How advisory firms can better organize and track data to avoid drowning in numbers
- Why company culture and career advancement opportunities matter more than starting salaries for many financial planning candidates
There are also many articles on cash flow and spending.
- A review of some of the key psychological factors that influence client spending decisions
- Potential losses for consumers from keeping large amounts of cash in savings accounts at large banks and opportunities for advisors to develop cash management strategies for their clients
- How Advisors Can Support Clients Who Have Children Suffering From ‘Failed Boot Syndrome’
We conclude with three articles on the financial advice industry.
- The race for talent, the receding private equity fundraising, and companies balancing efficiency and effectiveness will be key trends in the financial advice industry in the year ahead
- How Fee-Only Advice Helps Consumers in the Insurance Industry
- The Benefits of Holding a Leadership Position in a Financial Planning Industry Association
Enjoy your “light” reading!