Weekend Reading For Financial Planners (May 6-7)

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a “small entity” to reduce the compliance burden on small businesses, presumably including RIAs.

Also in industry news this week:

• Legislation working its way through Congress would allow for electronic delivery of documents to clients of advisors and other financial services firms by default, though it has been met with some opposition
• While RIAs have outpaced wirehouses in terms of client asset growth and headcount, industry consolidation has led to a decline in the number of RIAs, according to a study from Cerulli Associates

From there, we have several articles on practice management:

• Why serving ‘non-ideal’ clients is seen as the top productivity challenge for advisors, according to one survey
• How putting in the extra time to practice ahead of client meetings or seminars can pay off for advisors
• Why stressed-out firm owners might consider downsizing their client base rather than selling their firm

We also have a number of articles on investments:

• While tax-adjusting a client’s portfolio can be a valuable service, doing so accurately can be challenging
• The potential benefits and risks of investing in funds that engage in securities lending
• Why holding on to stocks, rather than moving to cash, could be a smart move, even if a recession is expected to occur

We wrap up with 3 final articles, all about technology:

• Why LinkedIn could be a valuable ‘one-stop shop’ for social media users
• How ChatGPT and other AI tools have come under fire for using published content on the Internet to train their models
• How ‘passkey’ technology introduced by Google and other web services could lead to the end of passwords

Enjoy the ‘light’ reading!

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