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Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that in a settlement with the SEC, robo-advisor platform Betterment agreed to pay a $9 million penalty for allegedly misstating the frequency that its automated tax-loss harvesting system was scanning some consumer accounts between 2016 and 2019, highlighting the significance of making certain that advertising messages and providers offered match, not just for robo-advisors, however for human advisors as properly. And that the SEC is now scrutinizing not simply whether or not purchasers are invested in a fashion in step with their Funding Coverage Assertion, but additionally that if the advisory agency guarantees varied ‘tax-smart’ administration ways (similar to tax-loss harvesting), that the SEC will probably be inspecting whether or not the agency actually adopted by way of precisely, for each consumer, on these commitments as properly.
Additionally in business information this week:
- The SEC authorized a brand new FINRA rule supposed to make it harder for brokers to have consumer disputes expunged from their report
- A Morningstar survey means that purchasers usually tend to hearth their advisor for service or relationship causes slightly than due to charges or lackluster funding returns
From there, we have now a number of articles on money circulation and spending:
- Why I Bonds could be shedding a few of their luster amid a declining inflation charge
- What number of shoppers are shifting their banking actions to their brokerage agency
- Why advisory agency purchasers may wish to think about private cyber insurance coverage
We even have a variety of articles on advisor advertising:
- Why it may be invaluable to first think about what makes an advisory agency marketable earlier than deciding on particular advertising ways
- The potential advantages for advisory corporations of hiring a fractional marketer
- Why spending cash to provide invaluable content material, slightly than on promoting, can repay for a agency and their broader group
We wrap up with 3 last articles, all about managing time:
- How advisory agency homeowners can put together themselves and their corporations for time away from the workplace
- Why having new experiences could be the important thing to creating it really feel like time is passing extra slowly
- The gradual course of that led 1 advisor to comprehend the present dimension of his agency was ‘sufficient’
Benefit from the ‘gentle’ studying!
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