Enjoy the latest issue of Weekend Reading for Financial Planners. This week’s issue begins with news that the House Financial Services Committee has unanimously passed a bill directing the SEC to conduct research and implement rulemaking on the definition of a financial institution. “Small Entities” to ease the compliance burden for small businesses, possibly including RIAs.
Also, this week’s industry news:
- A bill passing Congress would allow documents to be delivered electronically to advisors and other financial services firms’ clients by default, but there are also arguments against this.
- A study by Cerulli Associates found that RIAs outperformed Wirehouse in terms of client asset growth and headcount, but industry consolidation is reducing the number of RIAs.
From there, there are several articles on practice management.
- Why serving “less than ideal” clients is seen as the biggest productivity challenge for advisors, according to a study
- How the extra time spent practicing before client meetings and seminars pays off for advisors
- Why Stressed Company Owners Are Considering Shrinking Their Customer Base Rather Than Selling Their Company
There are many articles about investment.
- Tax adjustments for client portfolios are a valuable service, but can be difficult to do accurately
- Potential Benefits and Risks of Investing in Securities Lending Funds
- Why it’s smart to hold stocks instead of cash, even when a recession is expected
Finally, we conclude with three articles on technology.
- Why LinkedIn can be a valuable ‘one-stop-shop’ for social media users
- How ChatGPT and other AI tools were criticized for using content published on the internet to train their models
- How “passkey” technology introduced by Google and other web services could lead to the demise of passwords
Enjoy your “light” reading!
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