Weekend Reading For Financial Planners (Feb 11-12)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that according to CFP Board leaders, “everything is on the table” when it comes to the organization’s announced competency standards review. Among others, one notable item that could be reviewed is the current certification requirement that a candidate must have attained at least a bachelor’s degree, which some observers have suggested limits the pool of potential CFP professionals at a time of high demand for advisor talent.

Also in industry news this week:

• The SEC this week released its 2023 examination priorities, which include its new marketing rule, Reg BI, and complicated investments
• The House of Representatives is considering legislation that would broaden the definition of who qualifies as an accredited investor and is potentially eyeing a role for financial advisors to help guide clients interested in private investments

From there, we have several articles on practice management:

• A structured approach firms can use to design a forward-looking org chart
• Why outsourcing certain operational tasks still requires ongoing work from firm employees
• How firms can get employee buy-in when making major business changes

We also have a number of articles on retirement planning:

• A study has found that retirement can lead to cognitive impairment, possibly as the result of reduced social engagement
• Why professionals might consider taking several mini-retirements throughout their careers
• A simple rule that can help individuals choose the best place to live

We wrap up with three final articles, all about meetings:

• Why internal meetings can be bad for both productivity and employee wellbeing, and how firms can make them better
• How one company benefited from canceling all meetings for an entire week
• Tactics firms can use to reduce the burden of meetings, from sending asynchronous videos to implementing ‘No-meeting Wednesdays’

Enjoy the ‘light’ reading!

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