The Financial Planning Channel

Advisors and Clients Walking past Each Other on Sustainable Investment

Did you know that more than $12 trillion in assets under management are engaged in one or more strategies of sustainable investment in the United States? This comprises more than 25 percent of the professional managed assets across the country and is a 38 percent growth from 2016 figures.

Three Highlights from the MarketCounsel Summit

MarketCounsel’s Summit, held earlier this week in Miami, lived up to its reputation as the “all-star game” of financial advisor conferences, attracting top-level executives from throughout the investment industry. Here are three highlights from Tuesday’s sessions.

Median Household Income by State: 2018 Update

The median US income in 2018 was $63,179, up from $29,150 in 1984 — a 117% rise over the 34-year time frame. However, if we adjust for inflation chained in 2018 dollars, the 1984 median is $51,742, and the increase drops to 22.1%.

The Best Content to Drive Engagement

Where can I find the best content to drive engagement? I’m not looking to provide market commentary. It would be great if I could customize it with our brand but not have to rewrite any of the content.

Median Household Incomes by Age Bracket: 1967-2018

We have updated our commentary on household income distribution to include the Census Bureau's release of the 2018 annual data. Our focus was on arithmetic mean (average) household incomes by quintile (and the top 5%) over the 50+ year history of this data series. The analysis offered some fascinating insights into U.S. household incomes. But the classification misses the implications of age for income. Households are by no means locked into the same quintile over time.

U.S. Workforce Recovery

We've updated our monthly workforce analysis to include Friday's Employment Report for November. The unemployment rate fell to 3.5%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 266K.

College Planning: Is the ROI in the College or the Major?

Over the course of 20+ years, families have been bamboozled into spending trillions on top-end colleges, while overlooking the fact that it's actually the academic major that is far more important.

A Primer on Retirement Plan Compliance

The purpose of this article is to better acquaint plan sponsors and service providers, like BDs and RIAs, dealing with 401(k) plans with the requirements they must understand and adhere to under ERISA.

The CFP Board Steps Up (Almost)

As we mark the golden anniversary of the creation the undertaking we know call “financial planning,” the CFP Board took a decisive step to enforce a real fiduciary standard by requiring disclosure and informed customer consent of material conflicts.

Was Renaissance’s Success Luck or Skill – And Was It Behind Trump’s Victory?

The hedge fund firm Renaissance Technologies, founded by James Simons, has been an object of amazement, admiration, and envy for years, because of the incredibly high investment returns of its flagship Medallion fund. In a new book, author Gregory Zuckerman explains how Renaissance did it. He also shows how a key Renaissance employee used his riches to get Donald Trump elected president.

Navigating U.S. Wealth Management: Seven Ideas for Financial Advisors and Individual Investors in 20

We aim to support wealth management firms, advisors, and investors as they assess portfolio strategy and navigate the shifting trends we face in the new year.

How Financial Planning Can Become a True Profession

There are many prerequisites to becoming a true profession. Have we satisfied those requirements? And if so – do we desire to take the next step – seeking true status as a profession through legislation?

What Advisors Don’t Understand About Prospects

Few of us realize the anxiety-ridden mindset that drives prospects to seek a financial advisor. If they did, they would structure their initial meetings very differently.

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 $15,604 for an annualized real return of 8.93%.

Avoiding the Cost of Panic

Investors lose massive amounts due to panicked selling in down markets. This article identifies one critical action that can be taken to stem those losses.