Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information that the SEC is proposing to increase the adviser custody rule past securities and funds to cowl all property in a shopper’s portfolio, together with personal securities, actual property, derivatives, and cryptoassets. Additional, an funding adviser who could make trades on behalf of a shopper can be deemed to have custody of the shopper’s property, which may substantively shift a really sizable portion of the wealth administration RIA neighborhood underneath the custody rule, although it stays to be seen whether or not or what actual custody rule compliance necessities can be launched for advisers who’ve custody by discretion however are nonetheless in any other case utilizing third-party certified custodians.

Additionally in trade information this week:

  • A court docket ruling this week vacated Division of Labor steering {that a} one-time rollover advice from an organization plan to an IRA would set off fiduciary obligation necessities underneath ERISA
  • Vanguard’s CEO this week indicated the agency plans to take a position closely in direct indexing amid the rising use instances for the technique

From there, now we have a number of articles on apply administration:

  • The techniques essentially the most profitable RIAs are utilizing to draw and retain expertise within the present tight labor market
  • The apply administration strategies that may assist corporations enhance their long-term well being slightly than simply short-term earnings
  • Current advisor surveys counsel that whereas AUM stays essentially the most generally used advisor charge construction, an rising variety of corporations are providing a couple of charge mannequin

We even have a variety of articles on retirement planning:

  • Survey information signifies that retirees are prepared to be versatile with their spending, creating implications for retirement revenue planning
  • How advisors can add worth for shoppers by serving to them make higher Medicare choices
  • Why an advisor determined to purchase an listed common life insurance coverage coverage for himself

We wrap up with three remaining articles, all about every day residing:

  • Why working towards gratitude can assist one from overlooking among the key influences of a contented life
  • At a time when optimizing each minute of the day is in vogue, why specializing in simply having “one good day” generally is a extra profitable path
  • How advisors can assist shoppers keep away from falling right into a “deferred life plan” and profit from their lives in the present day

Benefit from the ‘mild’ studying!

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