Clayton: No extension for Reg BI, Form CRS compliance | Working remotely? Pursue the CPWA Certification online | Just released! Investment Advisor Forum 2020 on demand!
April 2, 2020
 Investments & Wealth Insight (Powered by SmartBrief)
Top Story
The compliance date for the Securities and Exchange Commission's Regulation Best Interest and the Customer Relationship Summary form will remain June 30, SEC Chairman Jay Clayton said. Firms that are concerned about meeting filing deadlines because of the coronavirus outbreak "should engage with us," Clayton said.
Full Story: ThinkAdvisor (free registration) (4/2),  WealthManagement (4/2),  Financial Advisor online (4/2),  InvestmentNews (tiered subscription model) (4/2) 
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Investments & Wealth Update
Working remotely? Pursue the CPWA Certification online
Help your high-net-worth clients with wealth management issues beyond investing. Try the Yale SOM online CPWA program or join the next Chicago Booth cohort. Ready to go? Apply now and get started on demand. Need a little more time? Apply by April 17 and start online on April 29. Same in-person experience together at Chicago Booth, Oct. 4—8. Apply by April 17.
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Just released! Investment Advisor Forum 2020 on demand!
In this year of public disruption and financial crisis, the need for thoughtful, actionable advice and confidence is greater than ever. If you missed out on Investment Advisor Forum in February, we have two opportunities for online learning—Investment Advisor Forum on demand for 4 CE, and ACE Unplugged for 10 CE.
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Listen now: Death of the 60/40 Portfolio with Tony Davidow
In this latest episode of the Exceptional Advisor Podcast Series, Robert Powell, editor of Retirement Daily at The Street, interviews Tony Davidow, CIMA®, chair of the Editorial Advisory Board for the Investments & Wealth Monitor. Listen here or search for Exceptional Advisor wherever you get your podcast.
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Calm clients with Applied Behavioral Finance course
Help your clients weather the storm with top behavioral tips and best practices with our Applied Behavioral Finance course. Featuring notable experts from leading business schools, such as Dan Ariely, Andrew Lo, Tobias Moskowitz and Meir Statman, the program presents in-depth, thoughtful research you can apply today. Register here.
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Wealth Management
The uncertainty created by the coronavirus pandemic could cause clients to question the assumptions that underlie their investment plans, write Andrew Crowell and James Ragan of D.A. Davidson. They suggest telling clients who are acting out of fear to temporarily turn off the news and to help them assess their plans so they can make reasonable adjustments.
Full Story: Financial Advisor online (3/23) 
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The Setting Every Community Up for Retirement Enhancement Act and other legislative actions have changed the landscape for retirement savers. This article describes several factors clients should consider with regard to estate tax exemptions, inherited IRAs, generation skipping transfer taxes and other issues.
Full Story: ThinkAdvisor (free registration) (3/25) 
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When you sit down with your clients to discuss charitable giving, it is tempting to focus on details such as what kinds of philanthropic vehicles to use. However, advisors should start with questions that concentrate on what clients want to accomplish.
Full Story: WealthManagement (3/25) 
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Practice Management
Financial advisory firms need to update their business continuity and succession plans to deal with potential short- or long-term absences of key employees due to the coronavirus pandemic, writes William Cerynik of Ashton Thomas Private Wealth. He offers six steps for firms to take, including making sure leadership, key personnel and vendors are aware of the plans and ensuring team members can work outside the office.
Full Story: ThinkAdvisor (free registration) (3/19) 
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Financial advisors who are working from home due to the coronavirus outbreak need to make sure they are doing it right, writes April Rudin, CEO of The Rudin Group. This includes making sure they are meeting compliance standards and regularly communicating with clients.
Full Story: Financial Planning online (3/18) 
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Now more than ever, it is important for advisors to focus on their own mental well-being as they reassure clients. This article explains why it is critical to set boundaries, make time for breaks during the day and embrace self-care and self-compassion.
Full Story: Nerd's Eye View (3/18) 
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Advisory firms need to immediately apply discipline and focus to their practices to deal with the effects of the coronavirus outbreak, writes consultant Angie Herbers. She highlights four moves firms should make, including marketing and leadership planning.
Full Story: ThinkAdvisor (free registration) (3/25) 
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Regulatory & Legislative Spotlight
The coronavirus stimulus bill passed last week suspends rules for required minimum distributions for certain retirement plans during 2020. In light of the change, clients might want to consider Roth conversions and qualified charitable distributions.
Full Story: ThinkAdvisor (free registration) (3/31),  Forbes (3/27) 
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The Securities and Exchange Commission announced it will further extend the deadlines for filing Form ADV by advisors and Form PF by private fund advisors in light of the coronavirus pandemic. The new filing date is June 30.
Full Story: ThinkAdvisor (free registration) (3/26) 
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Courage has nothing to do with our determination to be great. It has to do with what we decide in that moment when we are called upon to be more.
Rita Dove,
poet, writer, Pulitzer Prize winner, US poet laureate
March is Women's History Month
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About Investments & Wealth Institute
Established in 1985, the Investments & Wealth Institute, formerly known as IMCA, is a professional association, advanced education provider, and standards body for financial advisors, investment consultants, financial planners, and wealth managers who embrace excellence and ethics. Through its publications, events, assessment-based certificate programs, and advanced certifications, the Institute delivers premier-quality, practical education to advanced practitioners in more than 38 countries.

The Certified Investment Management Analyst® (CIMA®) certification is the peak international, technical portfolio construction program for investment consultants, analysts, financial advisors and wealth management professionals. The CIMA program is distinctive as one of only a few global certifications in financial services to meet international accreditation and quality standards (ANSI/ISO 17024) for personnel certification programs. The Certified Private Wealth Advisor® (CPWA®) certification is an advanced professional certification for advisors who serve high-net-worth clients. It’s designed for seasoned professionals who seek the latest, most advanced knowledge and techniques to address the sophisticated needs of clients with a minimum net worth of $5 million. Unlike credentials that focus specifically on investing or financial planning, the CPWA program takes a holistic and multidisciplinary approach.

The Investments & Wealth Institute, IMCA®, Investment Management Consultants Association®, CIMA®, Certified Investment Management Analyst®, CIMC®, Certified Investment Management Consultant, CPWA®, Certified Private Wealth Advisor®, RMA, and Retirement Management Advisor are trademarks of Investment Management Consultants Association Inc. doing business as The Investments & Wealth Institute. The Investments & Wealth Institute does not discriminate in educational opportunities or any other characteristic protected by law.
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