In this live, fact-finding conversation, Healthy Markets Association’s Tyler Gellasch, answers questions from Advisor4Advisors' Editor Andrew Gluck about the unusual confluence of financial-regulatory and market-structure changes occurring in 2Q2026. Drawing on experience cowriting the Voicker Rule and other key provisions of post-crisis financial legislation in the U.S. Senate and serving as counsel to SEC Commissioner Kara M. Stein, Gellasch is asked to rank the most urgent threats and explain their implications for investment fiduciaries. The discussion addresses reduced public-company reporting, weaker investor remedies, tokenized securities, stablecoins, hidden leverage, opaque derivatives, private credit, fragmented trading, regulatory independence, and federal-state jurisdictional gaps. Learners will apply a practical framework for product approval, due diligence, custody review, disclosure, portfolio limits, documentation, monitoring, and decisions to decline recommendations when investor protections are inadequate.
In this continuing education session, learners will read articles highlighting how financial advisors can effectively communicate with clients during times of market volatility and economic uncertainty. The first article explores the concept of risk tolerance, examining how it can differ between partners in a couple and how to engage both partners effectively. The second article delves into the uncertainty caused by tariffs and how advisors can utilize a combination of visual and historical aids, along with empathy, to address client concerns. This idea is further developed in the third article, where learners will read about six questions they can ask to ease clients' market-related fears by leading with emotional validation and reflective reasoning before presenting logical reasoning to quell concerns.
This month, we review two Nerd's Eye View blog articles: Major Compliance Risks When Using AI Tools (And Best Practices To Mitigate Them) and The Risks Of AI Meeting Notetakers: Evaluating Accuracy And Data Privacy In Tools. In the first article, Richard Chen, founder of Brightstar Law Group, outlines the significant compliance risks Registered Investment Advisers (RIAs) face when using AI tools like ChatGPT and automated notetakers, providing actionable best practices to help firms mitigate these risks through training, oversight, tool evaluation, and adherence to regulatory standards. In the second article, Ben Henry-Moreland, Senior Financial Planning Nerd at Kitces.com, explores the rise of AI meeting notetakers for financial advisors, highlighting their potential to streamline documentation, enhance client engagement, and improve compliance workflows.
This course explains what robo-advisors are and this evolving industry as a whole. It reviewssome of the biggest providers, as well as the services that robo-advisors offer. It also assesses thestrengths and weaknesses of robo-advisors and financial advisors, and how they complement each other.
Roth planning has become a cornerstone of retirement advice, yet misconceptions about conversions, backdoor contributions, and withdrawal rules remain widespread. This session provides a practical roadmap for evaluating Roth opportunities, including the three factors that drive successful Roth conversions, what a backdoor contribution really is and how to make it work, and the real-world tax consequences of Roth distributions.
This program is a deeper dive into the SEC's Investment Adviser Marketing Rule (Rule 206(4)-1). It will provide an understanding the complexity of the regulation and the need for a robust compliance infrastructure to maintain consistency in marketing across platforms. The presenter will review actual SEC enforcement actions and guide learners through case studies to review real-world consequences.
All successful financial planning practices face the challenge of scaling their advice to serve more clients and make their businesses more profitable. However, making a practice more scalable while still providing excellent service to the client can be a multi-faceted challenge that can take advisors years to address while finding themselves unable to grow sustainably. In this webinar, Michael Kitces shares research on scalability, walking advisors through the process of establishing expertise, systematizing client deliverables and engagement, coping with client variability, and delegating to leverage time efficiently. Throughout the webinar, Michael provides practical steps advisors can take to work forward scaling to financial advicers and how doing so can not only make practices run more efficiently but also increase advisor revenues.
Ponzi schemes aimed at defrauding unsuspecting individuals and taking their money have existed for hundreds of years. The Madoff scheme brought this type of scam to the attention of the American public in 2008, but there are many other such schemes that have operated in the United States since then. The purpose of this course is to familiarize tax professionals with Ponzi schemes and help them identify the hallmarks of such schemes. The guidance offered to tax professionals to deal with clients who have suffered Ponzi losses is presented and discussed, together with examples from the U.S. Tax Court in which taxpayers are seeking to recover their losses.