Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study found that advisory forms working with a younger client base tend to have relatively stronger growth in assets under management and revenue over time. In addition, the researchers found that referrals from centers of influence were one of the strongest drivers of new client growth, with client referrals playing an important role as well.
Also in industry news this week:
- How Goldman Sachs’ RIA custodial platform is leveraging the resources of its parent company as it seeks to build momentum amidst a highly competitive environment among custodians
- How NASAA has changed the substance and/or scoring of the Series 63, 65, and 66 exams
From there, we have several articles on college planning:
- How the college financial aid landscape is changing this year, from a redesigned FAFSA form to new planning opportunities for grandparents
- How the newly-updated College Scorecard tool can help advisors and their clients better understand the costs and potential benefits of attending certain colleges
- How advisors can help clients decipher college financial aid letters, which can vary significantly across different schools
We also have a number of articles on investments:
- Why financial planning clients might not be clamoring for the personalization that direct indexing offers
- Why investing in today’s largest companies and holding the shares for an extended period might underperform a more dynamic index
- A study has found that advisors often invest client assets more conservatively than what their client’s risk tolerance might allow
We wrap up with 3 final articles, all about resilience:
- How a series of mental exercises can help individuals build resilience and overcome challenges they face
- Why taking ownership of the inevitable pain that comes in life can lead to greater personal resilience
- How adopting a “gift-giving” mindset can help an individual live their best life both today and into the future
Enjoy the ‘light’ reading!
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