Enjoy the current installment of “weekend reading for financial planners” – this week’s issue starts off with discussion of two noteworthy news events this week, including an announcement by BrightScope that later this year it will begin to include details of advisors’ fees based on their Form ADV filings to help consumers evaluate cost, and a release of new Cerulli research that finds tactical asset allocation is about to become the majority strategy for advisors.
From there, we look at a few articles on notable industry trends, including a recap of the top industry trends from Chip Roame at the event spring Tiburon CEO Summit, a discussion of the latest iteration of the Merrill Lynch training program (now salaried for 43 months, with CFP certification required!), and an overview of up-and-coming RIA custodian TradePMR that may be about to take integrated and mobile investment adviser technology to a whole new level.
In addition, there are a couple of research and technical articles this week, including a good discussion of the research on what does (and doesn’t) work in trying to choose a good active investment manager, a Journal of Financial Planning article that effectively summarizes the long list of disparities between the theory and practice of portfolio construction, some tips on how to handle college financial aid offers, and a look at the recent White House announcement to delay parts of the Small Business Health Options Program for small business health insurance exchanges in 2014 and how this may accelerate the trend of separating health insurance from employment.
We wrap up with three very interesting articles: the first looks at the research on where money does and doesn’t impact motivation and (job) satisfaction; the second explores from behavioral finance research that suggests telling clients they need to change behavior to avoid the “retirement crisis” the nation faces may actually be a harmful approach; and the last is a creative look about how we can all manage and build our personal assets, regardless of whether we’re a business owner or an employee, in financial services or otherwise! Enjoy the reading!