Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses. By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of CFP professionals.
Also in industry news this week:
- Why cash management strategies could become increasingly important parts of an advisor’s value proposition in a higher-interest-rate environment
- Why improved returns on cash products could be a double-edged sword for some advisory clients following last year’s market volatility
From there, we have several articles on practice management:
- Why advisors could be the big winners when it comes to competition among custodians and the entry of software providers into the space
- Why rising interest rates might not be a major hindrance to RIA M&A activity in the year ahead
- How consumer behavior research can help advisors pick the best strategy for raising their fees
We also have a number of articles on cash flow and budgeting:
- Why spouses can benefit from having different views on money and how advisors can help foster positive communication between partners on financial issues
- How advisors can help clients shift the spending paradigm from ‘wants versus needs’ to considering the best strategies for achieving their spending priorities
- How advisors can help clients (and their children) understand the potential risks of using ‘buy now pay later’ services
We wrap up with three final articles, all about time management:
- Why trying to optimize downtime can lead to burnout
- A strategy for ensuring that relationships don’t fall by the wayside
- How remote workers can shake up their work from home routines
Enjoy the ‘light’ reading!
