Page 43 - Michael Kitces News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A version of this article originally published in April 2017. Each year in advance of our annual Portfolio Makeover series, I receive scores of emails from individuals who would like to be featured. I hear from folks with eight-figure (yes, eight) portfolios and people getting by on a shoestring, individuals with full pensions as well as job-hoppers whose investments are a web of 401(k)s and IRAs in multiple silos. If there's a unifying theme among many of the submissions, it's that so many of them come from people who are getting close to retirement. While I haven't calculated a mean age f...

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CFP Board Reviews Sanction Guidelines The 15-member Commission on Sanctions and Fitness will also look to revise the standards for those who are hoping for CFP certification. A new Certified Financial Planner Board of Standards commission will reexamine the guidelines the board uses to accept applicants for the CFP designation as well as how CFP professionals should be sanctioned when failing to comply with its code of conduct. The 15-member Commission on Sanctions and Fitness includes investor protection advocates, state securities regulators, and financial and wealth planning e...

FPA, NAPFA Evolve Alongside Pandemic, Online Competition With the rise of remote meetings, social media and online communities, do professionally managed industry associations like FPA and NAPFA have a future? The numbers are mixed. Advisors grappling with the coronavirus pandemic have changed how they relate not just to their clients but to each other as well. Advisors in independent practices, much like doctors and lawyers, have always worked in some degree of professional isolation, even before COVID-19 put an end to in-person gatherings of like-minded peers. Many advisors join pro...

Michael: I’m doing well. How are you? Carl: Fantastic. Yeah. Things are super good. Michael: Excellent. Well, I wanted to follow up on our last episode where you had kind of thrown this comment out there that I feel like we have to come back to. You had said, as we were kind of ranting on the problems of having overly broad, overly general websites that aren’t specific enough to anybody, to motivate to action, you had made this comment of, “We ask our websites to do too much.” Carl: Yeah. Michael: And I’m curious to go a little bit deeper on this, what you meant by that. Obviously, ...