Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Federal Trade Commission has proposed a nationwide ban on noncompete clauses in employee contracts, aiming to give employees more freedom to change jobs within the same industry. In the advisor world, where noncompete agreements are fairly common, a ban on the practice could incentivize firms to reassess their employee value proposition and to consider ways to establish their clients’ relationships with the firm, and not just with their advisors.
Also in industry news this week:
- A study suggests that simplification is the top reason consumers combine their investment accounts, signaling that the onboarding process for new advisory client assets is a value-add in itself
- FINRA has released its enforcement priorities for 2023, including a continued focus on compliance with Regulation Best Interest as well as several new priority topics, such as manipulative trading, fixed-income pricing, and trading in fractional shares
From there, we have several articles on retirement planning:
- The latest rules for 2023 Required Minimum Distributions from inherited retirement accounts
- How reviewing and adjusting capital market assumptions can help advisors refine their use of Monte Carlo simulations
- Why relying on Treasury Inflation-Protected Securities (TIPS) to support the bulk of retirement income needs could be risky
We also have a number of articles on investment planning:
- A recent study indicates that rebalancing a portfolio on an annual basis is superior to longer or shorter time horizons
- How stocks and bonds tend to perform following their biggest down years
- The long-term portfolio growth trajectory clients can expect when implementing a dollar-cost averaging strategy
We wrap up with three final articles, all about dealing with distractions:
- The four types of attention and how individuals move between them throughout the day
- How consolidating the wide range of ‘inboxes’, from email to workplace messaging, can help limit distractions throughout the day
- How incorporating breaks to review notifications and social media during the workday can create more time for focused work
Enjoy the ‘light’ reading!
