Technology and the Successful Advisory Firm of the Future (and Now)
It's becoming increasingly clear that the threat to human advisors is not technology and robots, but technology-augmented humans. Firms that embrace technology will perform better, and many are already doing so.
The Advisor of the Future: Neither Human Nor Robot, but Cyborg
Yes, there are 'robo-advisor' offerings claiming to offer sophisticated advice to financial consumers, but how much of a threat are they to 'real' advisors? What you can learn from the robots.
CFP’s Goldfarb Case Illustrates Need for Clear Compliance Lines
The first part of our post explained the details of the case. We’ll now turn to a discussion of what needs to happen from here.
The Strange Case of CFP Board’s Alan Goldfarb
After a sudden resignation last fall, Alan Goldfarb has been found to have violated the CFP Board's Rules of Conduct. Yet the details of the case suggest that the matter was not as clear as the initially reported findings suggested.
How You Can Standardize the Financial Planning Process
Where are the opportunities for standardization in a financial planning firm? They are everywhere once you start to look, and here are four to get you started.
Why a Standardized Financial Planning Process Is Better for the Client
Bringing better consistency to the process may actually be the thing that allows us to create more trust and make that personalized financial planning experience for clients better than ever.
The Role of Profit Margins in Business Stability
In part two of a post, we explore that while revenue and expenses of a business are not stable, neither is your staff.
Why Profit Margins Matter
Whether the goal is to maximize income or not, the profitability of an advisory firm matters, in far more ways than "just" the income paid out to the owner.
The CFP Board’s CE Proposal: What’s Driving This Flawed Idea?
In the final post in a series, an exploration of what may be behind the CFP Board’s proposal to offer continuing education. Is it looking to compete with other planning associations?
The CFP Board’s CE Proposal: Real Strategies to Improve Continuing Ed
In the second of a three-post series on the CFP Board’s proposal to offer continuing education itself, some modest proposals to really improve CE, along with a warning on how the Board’s proposal is rife with conflicts of interest.