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"When you ask someone what their goals are for retirement in 10, 20 or 30 years, the truth is most people don’t even know what’s possible in the first place," Michael Kitces says.
Ad valorem fees are here to stay and talk of their demise is “overblown” a US adviser says. Financial planner Michael Kitces gave a presentation at NextWealth's conference on adviser technology today.
Canada-based financial planning developer Planswell added Jennifer Mastrud and Scott Gill to its executive team. Financial planning software developer Planswell has drawn two former XY Planning Network staffers to its c-suite. Former XYPN Director of Marketing Jennifer Mastrud joined Planswell as Chief Marketing Officer, and former XYPN Director of Compliance Scott Gill is Planswell’s new Chief Compliance Officer, according to the firm. Both executives began working with Planswell in January. Mastrud and Gill’s appointments were announced as part of a push to fill leadership positio...
The average financial plan takes an advisor more than 15 hours to produce. Rich Napolitano | Dec 23, 2020 A study from Michael Kitces found that while financial advisors work for an average of 43 hours per week, only 36% of that time is spent building client relationships or engaging in business development and meeting with prospective clients or centers of influence. Instead, advisors must spend the bulk of their time on non-client-facing work such as building financial plans and reports. From data gathering to plan presentation, the study found that the average financial plan takes an...