May 17, 2022
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The financial services industry is a good one for embracing hybrid work models, but technology is key to making it work, writes Taylor Matthews, CEO and co-founder of Farther. Using the right technology allows financial advisers to work from wherever they want, while driving efficiency and also providing a better experience to clients, he writes.
Full Story: InvestmentNews (tiered subscription model) (5/12) 
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Investment Guard — Loss Protection and More
Now, even if your clients can't take the heat, they can stay in the market. Available for an additional cost with some Pacific Life variable annuities, Investment Guard offers clients the choice of three protection percentages and up to 100% uncapped equity exposure! Learn more
The Practice of Financial Planning
Launching a podcast for your firm can be a good way to showcase employees and establish thought leadership, but getting started require some strategic thinking, writes Stephen Boswell, partner at The Oechsli Institute. Consider having two hosts or conducting interviews, as this can take pressure off any one individual and create a more dynamic listening experience, Boswell writes.
Full Story: WealthManagement (5/12) 
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Don't assume everyone understands the meaning of the industry-specific jargon you're using, especially because many people won't admit that they're confused, writes John Millen. Regularly checking in for comprehension "opens the door for real questions, dialogue and connection," Millen writes.
Full Story: John Millen blog (5/11) 
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Financial advisers can provide more value to their clients by being willing to coordinate other financial transactions for them, writes Brad Wales, founder of Transition To RIA. This can include helping them buy life or disability insurance, create a will or refinance their mortgage, he writes.
Full Story: Advisor Perspectives (5/10) 
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Microaggressions in the workplace can involve issues such as race, gender or sexuality and must be addressed by leaders, although timing does matter, writes Ella Washington, a professor at Georgetown University's McDonough School of Business. Washington offers a blueprint for spotting and addressing microaggressions and what to do if you catch yourself saying something offensive.
Full Story: Harvard Business Review (tiered subscription model) (5/10) 
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The Business of Financial Planning
Health savings accounts can provide appealing tax advantages, and performing a rollover from an IRA is one way to fund these vehicles, write Robert Bloink and William Byrnes. There are several caveats to consider, including that people "are only permitted to execute an IRA-to-HSA rollover once in a lifetime," they write.
Full Story: ThinkAdvisor (free registration) (5/11) 
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Asset management expert Robert Worthington points out that traditional 60-40 portfolios deliver adequate returns while market conditions are generally placid, as they were from 2011 to 2021, but they are vulnerable amid the current volatility. Worthington suggests and analyzes a number of alternatives for investors and advisers to consider, with particular focus on private market strategies.
Full Story: ThinkAdvisor (free registration) (5/9) 
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Policy Watch
The Financial Accounting Standards Board has voted in favor of considering a set of rules to govern the accounting and disclosure of cryptoassets, a decision that represents the first step toward legislation. The move indicates a change in stance by the FASB, which has stated reluctance to intervene on the issue in the past.
Full Story: Bloomberg Law (5/11),  CoinDesk (UK) (5/11),  The Wall Street Journal (5/11) 
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In a 370-48 vote, the House approved legislation that would establish a grant program to bolster state-level efforts aimed at preventing financial fraud targeting older investors. The bill would allow for $10 million in yearly spending through 2028, with the grant program to be implemented through the Securities and Exchange Commission.
Full Story: ThinkAdvisor (free registration) (5/12),  The Hill (5/11) 
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The Committee for a Responsible Federal Budget, a nonpartisan watchdog group, says in a report that the latest version of the House Democrats' Social Security reform proposal "would close half the solvency gap on paper and would actually worsen solvency once gimmicks are removed." Without the advocacy group's support, it is unlikely that the changes made to the "Social Security 2100: A Sacred Trust" by Rep. John Larson, D-Conn., will pass.
Full Story: Financial Planning (5/10) 
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Key Research
A survey by Natixis Investment Managers shows 75% of millennials with investable assets of $100,000 or more use a financial adviser, a higher proportion than that among baby boomers or Generation X. The survey also shows relatively high use by millennials of financial measures such as keeping an emergency account, monitoring spending and making wills and estate plans.
Full Story: Financial Advisor IQ (5/6) 
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Retirees and workers continue to be optimistic about enjoying a comfortable retirement, according to a survey from the Employee Benefit Research Institute and Greenwald Research, although one-third of retirees say their spending is higher than expected. The survey also found that a significant portion of workers and retirees are getting financial advice from nonprofessional sources.
Full Story: InsuranceNewsNet Magazine (5/9) 
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Based on the April Consumer Price Index, which is up 8.3% over the past 12 months, Mary Johnson, Social Security and Medicare policy analyst for the Senior Citizens League, predicts Social Security's cost-of-living adjustment for 2023 could be 8.6%. This would be the biggest percentage increase in about 40 years, but is down from the 8.9% 2023 COLA the Senior Citizens League predicted in March.
Full Story: ThinkAdvisor (free registration) (5/11),  InvestmentNews (tiered subscription model) (5/11) 
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FPA News
College Planning Certificate Now Available for Financial Planners
With over 44 million student loan borrowers and outstanding education debt exceeding $1.7 trillion, financial planners can play a pivotal role in helping families plan and pay for college. To help you serve the needs of clients with college-bound children, FPA has partnered with College Aid Pro™ to launch College Planning Made Easy: An FPA Certificate Program. The course, which qualifies for 4.5 CFP® CE credits, provides a deep dive into not only the technical aspects of navigating the college funding maze, but also practical talk tracks and exercises to help planners connect with their clients and guide them through the behavioral and emotional aspects of the college buying decision. Learn more.
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Still Time to Register for the FPA Virtual Externship!
Whether you are a college student looking for the perfect career or a financial planner looking to level up your career, the FPA Virtual Externship is your chance to dig in deep and see financial planning in action — in a whole new way. In partnership with eMoney Advisor, the College for Financial Planning®—a Kaplan Company, and Schwab Advisor Services in partnership with Charles Schwab Foundation, the eight-week program will be held from June 6 through July 29. Want to become a CFP® professional? Completing the Externship will get you 180 hours towards your experience requirement! Register now!
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The Financial Planning Association® (FPA®) is the principal membership organization for CERTIFIED FINANCIAL PLANNERTM professionals and those engaged in the financial planning process. FPA is the CFP® professional’s partner in planning by helping them realize their vision of professional fulfillment through practice support, learning, advocacy, and networking. Learn more about FPA at and follow on Twitter at
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