This 60-minute session explores the nuanced relationship between financial goals and personal fulfillment, offering financial advisors a deeper understanding of how goals shape client behavior and decision-making. The workshop, led by Tim Maurer, delves into the psychological underpinnings of goal-setting, revealing why goals may not always serve clients as effectively as expected. Advisors will learn how to move beyond traditional goals-based financial planning by addressing clients' deeper motivations and values, creating more personalized and meaningful financial plans. The session discusses practical strategies for helping clients connect their financial goals with their core identity and purpose, emphasizing the importance of understanding both the 'why' and the 'how' behind goals. Advisors will also gain insights into techniques such as anti-goal setting'focusing on what clients want to avoid'and how this can serve as a powerful motivator. This session equips advisors with tools to enhance client engagement, elevate the quality of financial conversations, and foster long-lasting relationships built on purpose-driven planning.
This 60-minute session dives into the concept of "time affluence" and its crucial role in enhancing clients' overall well-being and satisfaction. Financial advisors often focus on monetary wealth, but time affluence'the feeling of having enough time for important life activities'can be just as vital for personal happiness. This session equips advisors with tools and techniques to help clients rethink how they allocate their time and money to maximize their sense of time abundance. Participants will explore the relationship between time and money, the traps that create time poverty, and strategies for encouraging clients to trade money for time. Practical case studies will be discussed to show how financial planners can coach clients toward making more fulfilling life choices. Attendees will leave with actionable insights to help clients build a balanced approach that combines financial wealth with a richer sense of time freedom, creating a life of purpose, contentment, and joy.
This program will review a varied menu of topics, which in the author’s subjective view, are important, relevant, technical, practical, and/or thought-provoking to estate planning professionals including attorneys, accountants, trust officers, financial advisors, and philanthropic advisors.
Investment portfolios should be rebalanced. This is a commonly understood concept of investment management. Advisors less commonly have a chance to take a step back and consider what rebalancing is, how often it should be done, or if this practice is actually benefiting the client. In this webinar, Michael E. Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL dives into these questions and sheds light on the practice of portfolio rebalancing, the rationales of rebalancing, and the practicalities of executing these portfolio maintenance activities. Kitces then explains the concept of tolerance band rebalancing to create a system for rebalancing, considering the complexity of multi-asset-class portfolios and the specific needs of different types of clients, such as savers and retirees, and asset types.
In this session, advisors will receive an update on charitable giving trends and then delve into the considerations for what assets to donate, who can receive charitable donations, how to donate, and when to donate to maximize charitable deductions. The nuisances of Qualified Charitable Distributions (QCDs), Donor Advised Funds (DAFs), charitable trusts, and private foundations are discussed. The session concludes with suggestions of topics to discuss with clients on family philanthropy.
This course is about the new world of environment, social and governance (ESG) investing. The course begins with a short history of the ESG movement, including the role that international and domestic governing bodies have played in jumpstarting ESG investing. The different types of ESG ratings are compared and explained. Additionally, the course describes the kinds of ESG securities offered, as well as ways to choose an ESG portfolio which aligns with an investor's values. Finally, the course lays out the potential risks and benefits of ESG funds and common ESG investmentphilosophies, such as impact investing and sustainable investing.
This program will review Form 1040, U.S. Individual Income Tax Return, and demonstrate how financial planners can and should utilize the information provided and reported on a taxpayer's return to identify financial planning opportunities for taxpayers. The presenter will discuss the correlation of specific portions of a tax return with tax planning ideas and meaningful conversations that should take place with clients. He will also address how the extension of certain TCJA provisions and The One, Big, Beautiful Bill impacts financial planning for taxpayers.
The demographics, schedules filed, filing status, and level of income accumulated to prepare a client's individual income tax return point to opportunities for taxpayers to better prepare for the future. Beginning with page 1 of Form 1040, it suggests that dependents on a tax return begs the question, "Has the client considered gift and estate planning opportunities for his or her dependents?" This conversation could uncover additional planning needs, including a 529 plan, life insurance, or the importance of updating all beneficiary designations. A taxpayer's occupation listed could suggest a need for professional liability or disability insurance. A client's age or birthdate may indicate the need to verify wage history with the Social Security Administration or RMD planning.
A client's investment income on Schedules B and D might warrant a discussion of FDIC limits, tax-exempt investments, or foreign bank account reporting requirements. Tax practitioners working with individual income tax clients should explore the benefits and value analyzing a taxpayer's 1040 can add to the client relationship. The program will review the financial planning considerations to take full advantage of the new tax deductions reported on Schedule 1-A and discussion of the new Trump Accounts on Form 4547.
This course will review recent Anti-Money Laundering developments including regulatory guidance from the securities and banking industries, FATF cryptocurrency guidance, enforcement actions, and several case studies. By the end of the course, students will have a better understanding of the front-end of the regulatory environment and how money laundering is detected and prosecuted in modern cases.
This course examines the annuity concept and explains what an annuity is and how it works:-The mechanics of the accumulation and payout phases of an annuity, including sample calculations-Settlement options and their appropriate uses-Annuity taxation: Federal income tax treatment of premature withdrawals; lump-sum distributions; and periodic payments.-A comparison of the different annuity contracts available with respect to client suitability.Variable and fixed annuities are discussed in terms of single vs. periodic premium, immediate vs. deferred, qualified vs. non-qualified, and settlement options.
This course introduces investment adviser representatives to the fundamentals of annuities and their role in retirement planning. Learners will explore the parties involved in an annuity contract, the different types of annuities, and the phases of accumulation and annuitization. The course also examines payment options, contract riders such as income and long-term care benefits, and how these features can be matched to client needs. By the end, participants will have the knowledge to explain annuity structures, evaluate their suitability, and help clients make informed decisions about using annuities as part of their financial strategy.