To avoid being overwhelmed and to maintain a long view of your work, try breaking down big goals into smaller tasks and considering larger industry trends, writes Michael Byrnes of Byrnes Consulting. Other tips for success this year: Clearly define employees' roles, choose key performance indicators and remain flexible.
People should regularly review estate-planning strategies, but it is even more important to do so after changes to tax law, write planning experts Robert Bloink and William Byrnes. They share 10 estate planning tax facts everyone should know for 2019.
More people are warming to the idea of using reverse mortgages as a retirement-planning tool, as they can help improve cash flow and offer an alternative to withdrawing from investment accounts in a down market. Sarah Max reviews these and other benefits of reverse mortgages, as well as some of the drawbacks.
Content marketing involves creating an "informative resource" that can improve a firm's reputation among clients and prospects, Sheryl Rowling of Morningstar writes. She offers two examples of her content marketing projects -- a benefits guide for employees of a local business and an entertaining book on financial basics.
A female firm owner asks practice-management consultant Beverly Flaxington whether she should address her pregnancy with prospects and clients, even though she plans to work through pregnancy and to return soon afterward. Flaxington, a mother of several children, suggests no; if you continue to follow through on commitments to clients, "it shouldn't matter to them whether you have one baby or many."
Mobile Device Usage is a Threat to Data Security 74% of global IT leaders reported a data breach due to a mobile security issue. Discover how cybersecurity is shifting to meet the needs of a mobile world, and why it's critical to not fall behind. Learn how to protect your organization from mobile threats in The Convergence of InfoSec & Mobile.
Seven states have proposed laws, regulations or requirements imposing a fiduciary or best-interest standard on financial professionals that are in various stages of development. The Best Interest Compliance Team at the Drinker Biddle law firm provides an overview of each.
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A J.D. Power survey found that clients are generally dissatisfied with mobile apps provided by wealth-management firms, ranking them well below those of banks and credit card companies. The survey found that only about a quarter of wealth-management clients use the app offered by their firm.
Recent research by Nationwide Advisory Solutions discovered that millennial investors are less resistant to structured products like annuities than older generations. The study also showed millennials listed taxes as the biggest financial concern.
According to a New York Life Investments survey, 31% of women who were separated, divorced or widowed said they felt patronized by advisers. And 44% of women who are primary household breadwinners said they believe advisers treat women differently.
Deadline Approaching: FPA Diversity Scholarship to attend FPA Retreat
Applications are due March 29 for an FPA Diversity Scholarship to attend FPA Retreat 2019 in La Jolla, Calif. Scholarship awards include one-year FPA membership, conference admission, chapter dues, and travel expenses. Criteria includes raising awareness of the profession in diverse communities; serving diverse communities within financial planning; and increasing professional opportunities for diverse communities within the profession. Apply now.
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Serena Williams, tennis player with the most Grand Slam titles in singles, doubles and mixed doubles among active players
March is Women's History Month
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