Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. From gradually raising the RMD age to 75 to expanding opportunities to make Roth-style contributions, to increasing the annual limit for Qualified Charitable Distributions, this legislation will likely impact nearly all financial planning clients!
Also in industry news this week:
- How a recent survey shows that financial advisors are increasingly attracted to independent affiliation models, with greater autonomy, higher potential pay, and the ability to build value in a business cited as key factors driving this preference
- While RIA M&A activity has been red hot during the past couple of years, a survey suggests that advisors are expecting lower valuations in 2023
From there, we have several articles on advisor marketing:
- Five tactics advisors can use to make the most of the online referrals they receive
- How advisors can structure introductory prospect meetings to build trust and increase the chances of moving the relationship forward
- Why advisors crafting their marketing message might first want to consider whether their target client needs a ‘life raft’ or a ‘sailboat’
We also have a number of articles on spending and budgeting:
- Why advisors might want to consider using a client service calendar to organize the wide range of services they provide for clients throughout the year
- A review of financial planning actions, from tax-loss harvesting to charitable giving, that have a December 31 deadline
- How the holiday season presents an opportunity to have important money-related conversations with family members
We wrap up with three final articles, all about gift giving:
- The do’s and don’ts of holiday gift giving in the workplace
- How ‘regifting’ can help save money and reduce waste
- Why being present during gatherings with friends and family members can be the best gift of all during the holiday season
Enjoy the ‘light’ reading!
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