The Financial Planning Channel

Advice That Could Kill Your Clients

Much of the advice you provide is geared towards planning for retirement and insuring your clients are able to maintain their quality of life after they stop working. Here’s what you may not know: There’s compelling data showing a link between early retirement and death.

Obesity and Its Role in Retirement Planning

Here is the number one lie that advisors tell themselves and the rest of the world about retirement: Nowadays people are living until they’re 90!

How a Facebook Founder Wants to Solve Income Inequality

The thesis of Chris Hughes’s book Fair Shot: Rethinking Inequality and How We Earn is stated right up front: “Most Americans cannot find $400 in the case of an emergency like a car accident or a hospitalization, yet I was able to make half a billion dollars for three years of work. Something is profoundly wrong with our economy and in our country, and we have to fix it.” But is Hughes’s solution the answer?

Disrupted Retirement: Is the US Facing a Crisis?

On our latest “Talking Markets” podcast, we listen in on a panel of experts discussing the potential US retirement crisis and the fear factors surrounding retirement disruption.

Munis and the Markets, June 2018

A brief monthly update on what's happening in the municipal bond market.

Q3 Market Outlook: What’s in Store for Markets in the Second Half?

We are coming to the mid-year point for 2018, and the past six months have felt like six years. Markets have experienced a significant uptick in volatility, yet equity investors may not have much to show for all their troubles.

Preliminary Thoughts on the Midterm Elections

The different and constantly changing polls make it difficult at this point to reach a definitive conclusion regarding the midterm election results. Moreover, future events – particularly those occurring in late October and November – almost certainly will have an outsized influence on the outcome.

Looking Back at Jeremy Siegel on the Business Cycle and the Markets

This article focuses on chapter 15 in Jeremy Siegel’s book, Stocks for the Long Run. I show the importance of implementing a recession-based strategy to avoid the most severe market declines.

Robo-Advisors are not Robo-Planners. Yet.

There are large swaths of the financial planning landscape that can – and should – be both automated and integrated in such a way to which robo advisors aspire, but do not yet currently deliver.

How to Start Your Own Study Group

When advisors learn that I facilitate high-performance team meetings, sometimes called study groups, they want to know how to set one up where they live. Here’s my advice.

Should I Be Outsourcing My Investment Management?

Find a good external manager, take the cut on fees and outsource the management of your investments. Then turn around and be obsessively thorough with your marketing efforts. In the long run your practice will be better for it.

How to Start a Podcast

It’s not just smaller advisor firms with limited marketing resources that can use podcasting to deliver their messaging to affluent prospects and clients. Big firms can easily leverage the potential of podcasts. I recently started a modestly successful podcast, so here are my suggestions for those who are thinking of doing the same.

Three Ways to Give Internationally: Lessons on High-Impact Philanthropy

I was honored to attend the 2017 Philanthropy Innovation Summit at the Stanford Center on Philanthropy and Civil Society. The intensive day-long program gathers thought leaders in Palo Alto to discuss research, best practices, and new strategies that can increase philanthropic impact. I heard inspiring stories about charities around the globe.

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 $17,865 for an annualized real return of 11.66%.

Meeting Millennials’ Financial Needs

Traditional advising has served its place well, but millennials’ behaviors, lifestyles and goals are a far cry from the generations that came before.