Enjoy the latest installment of Weekend Reading for Financial Planners. This week’s issue begins with the news that a recent study found that Advisor clients who provide comprehensive planning services are significantly happier than those who receive lower levels of service. The research also highlights the importance of advisors taking the time to build trust with their clients and understand their goals and needs. This not only differentiates us from advisors who provide investment advice purely on trading, but also years of poor market performance.
Industry news of the week:
- Why Industry Groups Representing Investment Advisers And Others Slammed The SEC’s Proposal To Drastically Expand Custody Rules
- Organic customer growth and profit margins are key drivers of RIA’s valuation, according to new research, while the company’s partnering model has had little impact
From there, there are several articles on cash flow.
- The inflation-adjusted ‘net price’ that parents and students pay to college has changed little over the past 15 years, despite rising ‘sticker prices’ that far outpace broader inflation.
- Why high net worth customers are not only interested in advice on how to make charitable giving in the most tax-friendly way, but also in finding the right charity to help them reach their goals
- Recent study suggests a causal link between couples using joint bank accounts and increased relationship happiness
There are also many articles on healthcare management.
- How does a company measure customer service standards to ensure they are delivering a high quality customer experience?
- How growing business owners can scale their customer base without sacrificing service levels or working endlessly
- Why adding strategic tax planning services is key to driving customer growth and how businesses can adopt new services
We conclude with three articles on health and wellness.
- How the consumption of ultra-processed foods leads to various diseases
- Why the U.S. lags behind in life expectancy
- Why Taking a ‘Mental Health Day’ Is Just a Temporary Solution to Widespread Problems Related to Workplace Burnout, and What Employers Can Do to Support Employees
Enjoy your “light” reading!