If you run a fee-only practice adhering to fiduciary standards, or aspire to do so, this course is 'must see CE/CPE.' A teacher in Utah Valley University's financial planning program, Professor Craig Israelsen, Ph.D., details a systematic way to manage a profitable professional practice consistent with doing what's best for clients. The class ostensibly shows how to drive investment expenses to deliver a broadly diversified portfolio personalized to each client for as little as 10 basis points but in doing so reveals a way for practitioners to be compensated with an ongoing fee for adding personal advice on tax, financial planning, and specialized investments. Understanding how investment costs erode wealth is essential to a professional practice. This course explores the long-term impact of fund expenses and advisory fees on both portfolio accumulation and retirement income. Through detailed analysis and real-world examples, attendees learn how small differences in costs'measured in basis points'can lead to large differences in outcomes. The session also introduces the seven asset/12 category portfolio as a practical model for building low-cost, diversified portfolios. Advisors gain insights into managing sequence-of-returns risk, aligning asset allocation with withdrawal strategy, and helping clients preserve and grow their retirement savings.
The purpose of this course is to educate financial professionals on the principles and benefits of building diversified, multi-asset portfolios for long-term success. The course emphasizes the importance of spreading risk across uncorrelated asset classes, such as stocks, bonds, real estate, and commodities, to manage volatility and enhance returns. Key topics include the 7Twelve portfolio model, the impact of portfolio costs, the necessity of rebalancing, and the role of low-correlation assets in stabilizing portfolios. Attendees also learn how to align portfolio strategies with client goals and set realistic expectations by using appropriate benchmarks. The course provides actionable insights to help advisors construct portfolios that balance risk and return effectively over time.
This course explores the sustainability of retirement portfolio withdrawals using historical data and a diversified, multi-asset portfolio model. Led by Craig L. Israelsen, Ph.D., the presentation analyzes the maximum sustainable annual withdrawal rate over 31 rolling 25-year periods from 1970 to 2024, illustrating how portfolios can remain viable even after decades of distributions. The course challenges the conventional 4% withdrawal rule, providing evidence that higher withdrawal rates'up to 10% or more in some periods'may be sustainable when portfolios are properly diversified and costs are managed. Participants will gain insights into the importance of asset allocation, the role of sequence-of-returns risk, and the benefits of using a percentage-based withdrawal strategy. This research-driven analysis provides investment advisers and financial planners with practical, data-backed guidance for helping clients navigate retirement income planning with greater confidence.
This class is designed for CFPs, CPAs, and Registered Investment Advisors who manage money professionally and act as fiduciaries.It focuses on equipping financial professionals with insights into key economic trends and data that shape investment strategies.Participants will explore topics like the recent surge in U.S. worker productivity, the strength of job formation, and the implications of rising household net worth on consumer spending and GDP growth.Additionally, the course delves into retail sales trends, housing market signals, and inflation moderation to provide a comprehensive understanding of the current economic landscape. By synthesizing these insights, advisors can better navigate complex financial environments and enhance their decision-making for clients.
The class for investment adviser representatives focuses on compliance with the SEC's marketing rule, particularly for performance advertising. Key topics include creating compliant performance advertisements, understanding and adhering to rules regarding hypothetical and actual performance, and ensuring that advertisements are fair, balanced, and substantiated. The course emphasizes maintaining policies, procedures, and records to avoid SEC enforcement actions and the complexities of creating performance composites versus using representative accounts. Practical advice on balancing marketing objectives with compliance requirements and managing resources effectively for performance advertising is also provided.
This course, Supreme Court Rejects Key SEC Enforcement Method, examines the landmark Supreme Court decision that significantly curtails the SEC's ability to impose civil penalties through administrative proceedings. The course explores the ruling's constitutional foundation, particularly its reliance on the Seventh Amendment right to a jury trial, and its broader implications for financial professionals, regulatory agencies, and legal enforcement mechanisms. Participants will gain insight into how this decision reshapes SEC enforcement strategy, affects state regulatory agencies, and empowers defense attorneys in financial fraud cases. Additionally, the course discusses potential future legal challenges, including the possibility of further limitations on administrative enforcement across various federal and state agencies.