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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 FINRA has issued a proposal to permit broker-dealers to promote hypothetical efficiency information to institutional and high-net-worth buyers, which might convey the foundations for broker-dealers largely in keeping with these for funding advisers, but additionally raises questions in regards to the comparative roles and rules for the 2 teams.
Additionally in business information this week:
- A current survey signifies that about 98% of shoppers are at the very least considerably happy with their monetary advisor and that an advisor’s capacity to supply peace of thoughts with regards to funds is a key driver of this satisfaction
- A examine signifies that advisors can doubtlessly increase consumer referrals by utilizing consumer portals and by implementing monetary psychology practices
From there, we now have a number of articles on insurance coverage planning:
- Whereas many consumers is likely to be tempted to enroll in a Medicare Benefit plan, doing so can create doubtlessly pricey monetary dangers
- How seniors in a number of of the biggest states will expertise greater-than-average will increase to their Medicare Half D premiums in 2024
- How advisors might help shoppers decrease IRMAA surcharges and enchantment to have them decreased underneath sure circumstances
We even have a variety of articles on consumer communication:
- The 7 communication practices that shoppers dislike essentially the most and the way advisors can keep away from them
- Why avoiding technical jargon can facilitate higher prospect and consumer communication and ways to assist advisors talk extra clearly
- Why empathy usually beats sympathy for advisors with regards to working with shoppers coping with worrying conditions
We wrap up with three closing articles, all in regards to the historical past of widespread monetary merchandise:
- How the present system of employer-provided medical insurance advantages may be traced again to wage controls imposed throughout World Conflict II
- How the non-public long-term care insurance coverage market has advanced over time, and why some states are contemplating stepping in to supply protection to their residents
- How the 30-year mounted mortgage grew to become dominant in the US and the way it’s impacting housing affordability as we speak
Benefit from the ‘mild’ studying!
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