Benefit from the present installment of “Weekend Studying For Monetary Planners” – this week’s version kicks off with the information of a current survey indicating that traders overwhelmingly consider that Synthetic Intelligence (AI) will assist monetary advisors higher serve their purchasers and wish to work with an advisor who leverages AI instruments. And regardless of some business observers’ issues that AI instruments might ultimately substitute human advisors, a robust majority of these surveyed mentioned they don’t count on AI to interchange recommendation from people. And amid this backdrop, a number of AdvisorTech instruments have added AI capabilities that would additional streamline advisory companies’ middle- and back-office duties and processes.
Additionally in business information this week:
- CFP Board adopted a set of revised procedural guidelines, together with establishing the flexibility to conduct “casual inquiries” in response to complaints to higher establish potential wrongdoing
- A patent that allowed Vanguard to launch ETFs as share courses of its present mutual funds expired this week, however it’s unclear whether or not different asset managers will reap the benefits of the brand new alternative
From there, we’ve got a number of articles on follow administration:
- What actions advisory agency homeowners can take after they discover they’ve an excessive amount of work on their plate
- How advisors can discover totally different paths for his or her companies as soon as they’ve been in a sturdy consumer pipeline
- How one advisory agency proprietor made adjustments to make sure her enterprise serves her fairly than the opposite means round
We even have a lot of articles on money movement and wealth:
- One potential framework to explain ranges of wealth, from not stressing about debt to not worrying how a lot is spent on a trip
- Why having “FU” cash isn’t essentially the important thing to freedom and happiness
- Whereas it has lengthy been assumed that purchasing ‘experiences’ usually make people happier than buying ‘issues’, current analysis suggests a extra nuanced view is perhaps warranted
We wrap up with 3 closing articles, all about gender and cash:
- Why women and men typically have totally different views of what retirement means to them
- Why telling girls to behave extra confidently is unlikely to enhance the gender pay hole, and what employers can do to even the taking part in area
- Whereas prior analysis has discovered that ladies report poorer psychological well being than males, a brand new examine suggests the fact is perhaps extra nuanced
Benefit from the ‘mild’ studying!
