Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the SEC this week issued a risk alert outlining how it selects firms to examine, the areas it focuses on during exams, and how it chooses which firm documents to request, details that could ultimately help firms be better prepared for their next exam and make it a shorter, less painful process!
Also in industry news this week:
- Changes to CFP Board’s procedural rules went into effect September 1 and are intended to make the disciplinary process more efficient for respondents as well as CFP Board staff, and to expand the CFP Board’s ability to pursue more complaints against CFP professionals
- A NASAA model rule follows in the footsteps of FINRA and CFP Board in extending the amount of time advisors can leave their jobs without having to retake qualification exams
From there, we have several articles on advisor marketing:
- 3 behavioral science principles advisors can put into practice to attract more clients
- How advisors can build understanding and trust with their clients to foster long-term relationships
- How advisors can tactfully address the behavioral and emotional challenges prospects and clients face when it comes to money
We also have a number of articles on investment planning:
- A survey indicates that many advisors currently using alternative investments with clients are looking to increase these allocations to further boost portfolio diversification
- While clients might be tempted to move assets from equities to cash amidst the higher interest rate environment, doing so could limit their progress toward long-term financial goals
- How the new interest rate environment presents an opportunity for advisors to reevaluate their clients’ fixed income allocations
We wrap up with three final articles, all about economic trends:
- How suburbs have experienced a renaissance that started well before the pandemic
- Why poverty persists in the United States and what might be done to fix the problem
- How a pandemic-era tax break has led to a booming business of affiliate marketers targeting small businesses
Enjoy the ‘light’ reading!
