Financial Planning
@finplan

News, analysis, insights and data for financial advisors

financial-planning.com
Joined February 2009
1,968 Photos and videos
Keep an eye out for guidance from @IRSnews on a loss harvesting method known as the Delphi Plus. Money managers use this tactic to lower ordinary income taxes. #taxplanning #financialadvisors #financialplanning financial-planning.com/artic…

Tax-slashing strategy popularized by largest hedge fund faces IRS crackdown

A strategy popularized by AQR to help wealthy people slash their taxes on ordinary income is facing a sign that authorities are preparing to clamp down.

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Taxpayers looking to donate to the new scholarship and school choice program, called the education freedom tax credit, have newly released guidelines to follow from @USTreasury. The program will start operating in January 2027. #wealthmanagement #financialadvisors #charitablegiving financial-planning.com/artic…

Playbook for Trump's $26B school choice program released

The Education Freedom Tax Credit allows taxpayers to direct up to $1,700 of their tax bill to nonprofits that grant scholarships to pay for educational expenses.

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If that @SECGov has its way, advisors won’t have to worry their discretionary trading on behalf of clients will trigger onerous custody requirements. #financialplanning #wealthmanagement #financialadvisors financial-planning.com/news/…

SEC seeks to ease advisors' custody burdens with discretionary trading

A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.

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Even high earners face financial strain saving for retirement, with many living paycheck to paycheck, new @GoldmanSachs data shows. But financial advisors can step in with key planning guidance and reassurance. #financialadvisors #financialplanning #retirementplanning financial-planning.com/news/…

Wealth advisors should adapt services as financial strain hits high earners: Goldman

Thirty-seven percent of those making more than $500,000 live paycheck to paycheck, Goldman Sachs found, making this a problem for more than just lower-income workers.

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In an RIA M&A market in which buyers are getting more picky about their potential deals, sellers are running out of time to take these important steps, according to @SuccessionRG. #RIAs #privateequity #financialadvisors financial-planning.com/news/…

How RIA sellers can avoid running out of runway

Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the...

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.@Fidelity tells RIAs on its custody platform they need $100M in assets or have to move on. #financialplanning #wealthmanagement #financialadvisors financial-planning.com/news/…

Fidelity says it will end custody relationships with RIAs under $100M

The second-largest asset custodian tilts its policies toward larger firms as commission-free trading continues to eat into its business safeguarding client assets.

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The @CFPBoard is upping its continuing education requirements by 10 hours. Financial Planning’s quiz archive has nearly two dozen quizzes. You do the math. #CFP #continuingeducation #financialadvisors financial-planning.com/news/…

CFP Board resets timeline for 40-hour CE requirement

New rules taking effect next year will require CFPs to earn more credits to maintain certification; FP subscribers have access to a library of more than a dozen CE quizzes.

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Most people don’t go looking for a financial planner on an ordinary day — something big happens first. @fpassociation revamped PlannerSearch and designed it around that school of thought, providing a mindset quiz, life-event matching and fast lead follow up.#Technology #WealthManagement #FPA financial-planning.com/news/…

FPA releases revamped PlannerSearch to better humanize planner and client interaction

The new platform looks to personalize both client and planner profiles to create better matches and relationships.

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Find out the new rates — effective today — set by @IRSnews for deducting business travel expenses. #financialadvisors #financialplanning #businessexpenses financial-planning.com/news/…

IRS sets per diem rates for travelers for 2026-2027

The Internal Revenue Service issued its annual notice setting the daily rates that business travelers can use when deducting their expenses.

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After years of debate, the @SECGov moves forward with changes to its accredited investor definition. #financialplanning #wealthmanagement #SECGov financial-planning.com/news/…

SEC rule would let investors take exam to qualify as accredited

In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge...

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Earlier this month, the @QuadASocial VISION conference featured appearances by Stephen A. Smith and John Hope Bryant. Here are some of the highlights from the event. #wealthmanagement #financialadvisors financial-planning.com/news/…

Regardless of DEI politics, Quad-A's VISION conference grows

As a significantly underrepresented group in the industry, Black planners and other wealth management professionals of all backgrounds have been tapping into the Quad-A network and professional...

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Is the 4% rule falling short for longer retirements? Research from @butlerLSB suggests a “flexible 3%” withdrawal strategy instead. #wealthmanagement #financialadvisors #financialplanning #finance #investing financial-planning.com/news/…

Researchers challenge the 4% retirement rule with a 'flexible 3%' alternative

Advisors may want to rethink one of the industry's retirement rules of thumb. Two researchers suggest swapping the traditional 4% withdrawal rate for a "flexible 3%" rule to lower failure rates for...

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Some 75% of next-gen heirs plan to defect from their parents’ advisory firm after they inherit, according to Cerulli Associates. To keep assets in-house, @lisagmccurdy of The Wealth Counselor suggests broaching 5 intergenerational conversations with clients and their children while everyone can still participate. #EstatePlanning #Nextgenclients #wealthmanagement financial-planning.com/opini…

5 ways to keep next-generation heirs in-house

Advisors who fail to build relationships with adult children before they inherit risk mass defections later.

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Where’s a good place to mine for financial advice clients? How about an online marketplace for certificates of deposit? #financialplanning #wealthmanagement #financialadvisors financial-planning.com/news/…

A referral business newcomer seeks to link CD investors with advisors

CD Valet has as many as 200,000 savers visiting its site every month looking for the best deals on certificates of deposit. It's betting they would make a perfect fit for advisors eager for new...

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What "everybody" thinks about ESG changes every two years, says Julianne Zimmerman. The question for advisors doesn't: What are your clients actually investing for? #ESG #NYClimateWeek #ImpactInvesting financial-planning.com/news/…

ESG is out of fashion. The risks remain

Amid political pushback around ESG, Climate Week panelists say firm leaders should focus less on the label and more on the risks that matter to clients.

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This year's @EnsembleAdvisor RIA compensation study says advisory practices are "paying more" while financial advisors and other employees are "moving less." Here's why. #financialadvisors #RIAs #compensation financial-planning.com/news/…

How RIA consolidation and slow organic growth is changing compensation

The trends of big profits, consolidation and slow organic growth are creating a lot of contradictions with the pay of financial advisors and other RIA staff members, according to The Ensemble...

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When clients apply for a mortgage, advisors can help them look beyond rate comparisons to evaluate impacts on cash flow, tax planning and their long-term goals. #mortgages #financialadvisors #financialplanning financial-planning.com/news/…

Why advisors should get involved when clients take out a mortgage

From shopping for better interest rates to tax strategy to cash flow, financial planners can play a vital role in helping clients prepare to take out a mortgage.

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Financial Planning retweeted
Matt Sonnen@mattsonnen_pfi
Sep 29
“For financial advisors, mistakes aren't just inevitable, they're formative. Those who endure in this industry confront and learn from their missteps,” writes @finplan financial-planning.com/list/…

Ask an Advisor: What mistake made you a better advisor?

Advisors are only human, and mistakes are bound to happen. But missteps, for all the pain they can cause, can also help an advisor — and their practice — grow stronger.

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Asset managers are pushing to open private markets to regular investors — but leave suitability questions to advisors. #financialplanning #investing #wealthmanagement financial-planning.com/news/…

Firms push to make private markets more like publics

As regulators lower regulatory hurdles, many advisors are seeking greater access to private investments, while asset managers and fintechs are trying to eliminate technical barriers keeping regular...

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Private-placement life insurance offers big tax perks for ultrawealthy clients, but its complexity and clients’ liquidity needs mean the product isn’t for everyone. #financialadvisors #lifeinsurance #investing financial-planning.com/news/…

Navigating the pitfalls and perks of private-placement life insurance

Private-placement life insurance can offer tax-free growth and alternative investments for ultrawealthy clients, but advisors warn it isn't right for everyone who can afford it.

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