Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that, amidst the rising variety of RIAs it supervises, the Securities and Change Fee (SEC) is transferring forward with a possible plan to lift the $100 million regulatory belongings below administration threshold for SEC registration, with the regulator having talks with some state securities regulators (which might bear an growing regulatory burden if the brink had been lifted and extra corporations got here below their watch) on the difficulty. Whereas the SEC has not launched a proper proposal (which might doubtless provide advisers and different events an opportunity to air their views on the difficulty), such a transfer might show irritating for corporations pressured to change to state registration (significantly these with purchasers unfold throughout state strains) as it might probably require affected RIAs to register with a number of state regulators and be topic to a various algorithm relying on which state(s) they’re registered in, in comparison with the extra uniform supervision they expertise below the SEC.
Additionally in trade information this week:
- A current survey finds that (unsolicited) consumer referrals are the highest supply of latest purchasers for advisors this yr, whereas networking, consumer appreciation occasions, and academic occasions have additionally confirmed to be fruitful for some advisors
- A survey means that some advisors is likely to be underestimating their purchasers’ curiosity in charitable giving, an space the place advisors can probably provide hard-dollar tax financial savings for purchasers
From there, we’ve a number of articles on monetary planning implications of the “One Large Lovely Invoice Act” (OBBBA):
- Potential planning methods within the wake of the elevated State And Native Tax (SALT) cap, (together with the potential worth of managing earnings for purchasers close to the phase-out limits)
- How the new $6,000 tax deduction for seniors works (and why purchasers who’re delaying claiming Social Safety advantages may very well be in for a pleasing shock)
- Publish-OBBBA property planning methods for purchasers throughout the wealth spectrum and the way trusts may very well be an efficient manner for some purchasers to handle earnings amidst a rising variety of phase-out ranges for sure tax advantages
We even have numerous articles on advertising and marketing:
- Why the worth of making content material tailor-made to a really perfect consumer profile has elevated in a world the place extra people are utilizing Synthetic Intelligence (AI) instruments to search out solutions to their monetary questions
- How ‘conventional’ Search Engine Optimization (website positioning) nonetheless has worth for advisors amidst rising use of AI instruments for Web searches
- How advisors can optimize their web sites for ChatGPT search and reap the advantages of “Reply Engine Optimization” (AEO)
We wrap up with three closing articles, all about social life:
- Knowledge present that the time People spend on in-person socializing has decreased dramatically over the previous a number of a long time, with elevated time spent on watching tv and utilizing smartphones among the many potential causes
- 4 methods to socialize successfully in a single’s 30s and past, from formalizing social occasions to ‘organizing’ mates to determine probably the most related occasion varieties for every group
- A step-by-step method to internet hosting a memorable (and comparatively low-stress?) feast
Benefit from the ‘gentle’ studying!