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1. Can Anyone Become the Amazon of Financial Advice?
I’ve thought a lot about which firm might emerge as the first Amazon in financial services—a company willing to break from the past, make a big bet on the future, invest billions in transforming outdated infrastructure, and put historic levels of digital and human capital behind elevating the customer experience and financial outcomes. — Jack Sharry
2. This Will Send Stocks Soaring Higher
Stocks got trashed over the past month, and the selling looks set to continue as I write in the wee hours. Let’s talk about why it’s happening and what to do about it. Interest rates are breaking out to new 16-year highs, which is spooking investors. I don’t share these fears because as I showed you, stocks typically go up during these periods. — Stephen McBride
3. The 7 Questions To Ask Yourself About Your Advisory
Elite financial advisors know the value of deep questions. Here are some deeper practice management questions to ask you about your practice. Print this off and use it with your team in a meeting. — Grant Hicks
4. Bond Market Noise Hides Tremendous Opportunity
Treasury yield levels are overwhelmingly a function of inflation. However, in the short run, a plethora of influences can explain deviations between yields and inflation. These factors, which we call noise, are significant for short-term traders but can hide tremendous opportunities for long-term investors. — Michael Lebowitz
5. 3 Important Rules for Financial Advisor Success
Recently, I had a conversation with a very successful advisor who is in the process of recruiting people into the industry. He asked me: How can one assess the likelihood for an advisor to succeed beyond the 2 to 5-year mark? — Joseph Lukacs
6. Assessing the Potential Impact of the New War on Oil Prices
Israel’s declaration of war in response to Hamas fighters infiltrating its borders this past weekend has so far had only a minor impact on oil prices, but more volatility may be ahead if the conflict spills over to other countries in the region, including, most importantly, Iran, which is alleged to have played some role in the attacks. — Pulkit Sabharwal
7. Legacy, Longevity, and Lincoln Financial: Safeguarding Your Wealth with Melissa Brandt
In this podcast, Melissa and Doug discuss the significant shift of financial assets into the hands of US women. This exposes the need for financial advisors to build trust and assist women in securing their financial futures with solutions pointing to Lincoln Financial Group’s diverse portfolio of protection options. — Power Your Advice
8. Why Inheriting the Family Home Can Be a Bad Idea
For many of us, our home is more than just a piece of property. It holds deep memories and emotional meaning, especially if we raised our families there. For this reason, estate planning discussions often include leaving the family home to the kids. This can be a way to keep the property so family members can continue to enjoy it for generations to come. It also can be a burden. Preserving the physical space that produced those family memories comes at a financial cost. — Rick Kahler
9. Inflation Prompting Altered Spending Habits Among Gen Z
Regarding age and inflation, the current bout of elevated prices is the first endured by millennials and Gen Z. Advisors know it and clients are learning that not only does inflation pinch retirement income, it forces clients that are nearing retirement and those actively planning for it to reassess their expectations. In other words, it’s not surprising that in 2023, investors believe they need more money to have a comfortable retirement than they did last year. — Todd Shriber
10. How To Create Financial Advisor Marketing Campaigns
Creating a financial advisor marketing campaign is one of the best ways for financial advisors to get their names out to the public, whether they’re new advisors wanting to attract potential clients’ attention or already established firms looking to grow. Everyone needs to market themselves and highlight the essentialness for advisors to create financial advisor marketing campaigns. — Samantha Russell
11. You Don’t Need a Successor or a Retirement Date To Start Preparing for Your Exit
As all practices, advisors and clienteles are unique, the order and level of attention to each of these steps will vary. However, the earlier an advisor starts the process, the higher the likelihood of a successful transition. Advisors in all stages of their career should employ many of these steps when preparing their “hit by a bus” or business continuity plan. My clients knew who my successor would be if I was incapacitated many years in advance of my retirement. I am certain that this knowledge resulted in a higher client retention rate as I approached the end of my career as an advisor, as well as after my retirement. — Christine Timms