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 provides advisors a different view of their clients’ accounts. This allows an advisor to quantify investing results for the client across all their accounts and holdings, which greatly impacts a client’s willingness to spread out their assets across multiple advisors.

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Account Aggregation vs. Smart-Householding: Going beyond a view to action

1/7/20 8:30 AM / by Jack Sharry posted in Advisors, Financial Planning, Householding

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Improved financial outcomes are what investors want and need when it comes to their household portfolio. However, some think simply aggregating the multiple accounts found in most households will help clients improve the chances of achieving their objectives.

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How to talk to clients about tax-smart investing

12/23/19 9:30 AM / by Steve Zuschin posted in Financial Planning, Householding, Tax-Efficient Investing

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No investor can escape taxes. Most investors try to forget about taxes until it’s time to file their returns, but by that time, it is often too late to implement any strategy to reduce the amount owed. That’s where advisors can help.

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What is householding?

12/10/19 12:35 PM / by Jack Sharry posted in Advisors, Financial Planning, Householding

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Have you been hearing the latest buzz about "household-level portfolio management"? You may be wondering – What is it? How do you do it? And, why does it matter?

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