The Financial Planning Channel

The Honeymoon of Free Social Media is Over

Most advisors are frustrated and ready to throw social media out the window, but the game is about to get even tougher. Social media won’t be free much longer. Here’s how I see it happening and what it will mean for advisors who are counting on it.

Health Savings Accounts: The Intersection of Retirement and Health Care

The increasing costs of health insurance borne by employees and employers alike has spawned a variety of plans and strategies to help manage the expenses. Among these are health savings accounts (HSAs), which first came onto the scene in 2003.

How a High School Football Coach Landed NFL, MLB and NBA Clients

Professional athletes are among the most coveted clients for advisors – and present unique financial challenges that those athletes are typically ill-equipped to handle themselves. Paul Franklin leveraged his role as a high-school football coach to pursue a career serving those clients.

Retirement Strategies in Pictures

Advisors providing retirement recommendations will find it helpful to use a graphical approach to show the year-by-year progression of funds available during retirement.

How to Handle Underperformers

The following six “dos and don’ts” are meant to guide you towards bringing an underperforming planner back up to the service standards that reflect your firm’s values.

A Compliance-Friendly Social Media Strategy

Even if your ability to post to social media is restricted, it is still a very powerful prospecting tool. Here are a few ideas that don’t involve posting content.

The Future of the FPA, the CFP Board and the Organizations that Run the Planning Profession

Last month, I asked readers of Advisor Perspectives to help me think through some complicated issues regarding the future of the profession. Should the professional associations (like the FPA and NAPFA) consolidate in order to create more scale and unity, or should we maintain a healthy competition between them? Today we look at the responses I received.

How to Avoid the Mid-Sized Firm Trap

Mid-sized advisor firms, upon graduating from being a one- or two-person operation, find themselves contending with all sorts of growing pains. All of a sudden they have the marketing issues of a larger firm – with an infrastructure that hasn’t caught up. Here’s my best advice to escape the trap of the mid-sized advisor firm.

Weighing the Week Ahead: Is Strong Earnings Growth Already Reflected in Stock Prices?

The economic calendar is normal, with an emphasis on housing. Earnings season begins in earnest, with widespread, high expectations.

Market Overview Q118: Mr. Market Gets Moody

The complexion of the market changed in the first quarter as volatility spiked. Now is the time for investors to be very clear about what they get in return for committing capital to risky investments.

What To Do If Your Social Media Stinks Like the Cleveland Browns

For those of you who think that social media is a useless tool for financial advisors, I’m going to tell you a story about my success back when I was an advisor.

Trade Outlook: Stormy

A review of last month’s market-moving events across countries and asset classes.

U.S. Workforce Recovery

We've updated our monthly workforce analysis to include last week's Employment Report for February. The unemployment rate remained at 4.1%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 103K.

The Reasons to Embrace Risk

Diversifying your investments limits risk, but too much diversification limits gains while not reducing risk any further. You need to embrace risk in both public and private companies to receive the returns you desire.

The Latest Look at the Total Return Roller Coaster

Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation? The purchasing power of your investment has increased to $18,495 for an annualized real return of 12.36%.