How one advisor leveled-up his practice with simple scoring systems

6/30/20 5:13 PM / by Matt Nollman posted in Advisors, Tax, Financial Planning, Householding, Tax-Efficient Investing, Asset Location

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"Now I understand what you've been saying all these years."

This is music to anyone's ears. But it's pure gold in the financial advice world.

Advisors have been trying to simplify complicated topics like risk and tax for decades. Today, we have a real success story.

Enter: Rick Mida, Partner and Wealth Advisor at Canopy Wealth Management.

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Can your clients benefit from an asset location strategy?

6/10/20 2:25 PM / by Steve Zuschin posted in Advisors, Householding

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As a result of the recent market volatility, clients are turning to their advisors for more support than ever before. While it is key to provide client services above and beyond the norm, advisors need to reassure their clients by effectively communicating and illustrating their value. 

The key to illustrating your value as an advisor is through asset location and long-term tax efficiency.

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The Building Blocks of Tax-Smart Asset Location

6/3/20 2:56 PM / by Jack Sharry posted in Advisors, Tax, Financial Planning, Householding, Tax-Efficient Investing, Asset Location

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Investors are painfully aware their retirement plan needs a do-over.  With so much uncertainty, it's like the investment gods shook every investor's portfolio like a canister of Legos and dumped them on the floor.  Top advisors are helping investors rebuild portfolios, get on the right track, and realize their retirement dreams.

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The Benefits of a Tax-smart Asset Location Strategy

5/21/20 10:23 AM / by Jack Sharry posted in Advisors, Householding

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The world has changed but investor goals have not.

Smart advisors report they are reinforcing their value by showing investors how to put portfolios back on track and improve outcomes through tax-smart household portfolio management.

And the first place to start for long term success is asset location – a timely topic after recent markets have turned portfolios upside down.

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The industry guide to householding

5/15/20 5:12 PM / by LifeYield posted in Householding

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Account aggregation is table stakes. Our industry has been working up to an aggregated view of all accounts in a household for years. The trend finally caught on, but we quickly learned that a view is not enough to improve outcomes for clients. This view needs action.

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What is Asset Location?

5/14/20 10:50 AM / by Jack Sharry posted in Advisors, Tax, Financial Planning, Householding, Tax-Efficient Investing, Asset Location

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There has been a lot of conversation across the industry over the past year about the importance of asset location. In the wake of volatile markets and uncertain times, you will be hearing a lot more.

We'll discuss what asset location is and why it matters to investors and your bottom line.

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What about the Wholesaler?

5/5/20 2:16 PM / by Jeff Quigley posted in Advisors, Householding

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At the Future of Advice conference in December of 2019, Steve Gresham coined the phrase “Adoption is the new Innovation.” Steve was referring to how the adoption of technology is lacking across the advisor population. Steve’s message was urging advisors and industry leaders to leverage fintech to battle the many factors significantly slowing organic growth. When embraced, technology can help advisors be more efficient, demonstrate value, identify “next best actions” and improve the client experience. So why is it that more Mutual Fund and Insurance/Annuity carriers aren’t pursuing this opportunity to partner with fintech companies to facilitate increased adoption? 

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The Problems with Robos and Other Uncoordinated Strategies

2/26/20 4:57 PM / by Jack Sharry posted in Digital Advice, Householding

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Clients come to advisors seeking strategies to maximize the probability of achieving their goals. In working with their advisors, they wish to evaluate trade-offs, understand risks, and see how their investments will work to achieve their goals in a simple, intuitive manner.

While digital investment advice platforms (a.k.a. "robo advisors”) rose to prominence by addressing an improved digital experience, they fail to fill the void of many elements, along with other uncoordinated strategies.

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The Elements of a Smart-Householding Strategy

2/13/20 9:48 AM / by Jack Sharry posted in Advisors, Householding

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Smart-householding is the art of creating an actionable investment plan based on the aggregated view of all accounts within a household. When an advisor uses smart-householding, they can reduce costs, manage risk, and increase tax-efficiencies of all of the accounts. We have examined why householding is important at a high-level (as it relates to devising investment strategies that result in the most optimal outcomes for investors), but let’s take a look as to why it’s the most optimal method of planning for advisors.

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Differentiate your practice through smart-householding

1/14/20 10:08 AM / by Steve Zuschin posted in Advisors, Householding

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Smart-householding is the art of creating an actionable investment plan based on the aggregated view of all accounts within a household. When an advisor uses smart-householding, they can reduce costs, manage risk, and increase tax-efficiencies of all of the accounts. We have examined why householding is important at a high level — as it relates to devising investment strategies that result in the most optimal outcomes for investors—but let’s take a look as to why it’s the most optimal method of planning for advisors.

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