{"id":193592,"date":"2025-04-19T22:58:29","date_gmt":"2025-04-19T22:58:29","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/weekend-reading-for-financial-planners-april-19-20\/"},"modified":"2025-04-19T22:58:29","modified_gmt":"2025-04-19T22:58:29","slug":"weekend-reading-for-financial-planners-april-19-20","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=193592","title":{"rendered":"Weekend Reading For Financial Planners (April 19\u201320)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>Enjoy the current installment of &#8220;Weekend Reading For Financial Planners&#8221; &ndash; this week&#8217;s edition kicks off with the news that as total household financial wealth grew to a record high of $90 trillion at the end of 2024, so too did the number of households advancing up the wealth ladder, with the High-Net-Worth (HNW) category of households with at least $5 million seeing a significant gain. Which could create opportunities for firms to seek opportunities to move &#8216;upmarket&#8217; by trying to add new HNW clients who might not have an advice relationship (or whose current advisor doesn&#8217;t provide sufficiently comprehensive service). Which, according to Kitces Research on Advisor Productivity, can lead to higher productivity for advisor teams (but can require an investment in staffing and higher-end planning services to meet their complex planning needs).<\/p>\n<p>Also in industry news this week:<\/p>\n<ul>\n<li>According to a recent survey, 40% of financial advisory clients would switch to an advisor who offers estate planning services, with help with specific tasks like beneficiary designations or tax strategies as the most sought-after service among respondents<\/li>\n<li>RIA M&amp;A activity set a first-quarter record to start the year (following a record-setting 2024), as private equity-backed buyers and sellers looking to grow within a larger firm have driven the deal market<\/li>\n<\/ul>\n<p>From there, we have several articles on investment management:<\/p>\n<ul>\n<li>An analysis of a variety of portfolio rebalancing strategies finds that not rebalancing at all could lead to the highest returns (particularly for clients with longer investment horizons)<\/li>\n<li>While a review of research on the topic suggests that portfolio rebalancing might not lead to better risk-adjusted returns, it could still prove to be a valuable tactic for advisors, particularly when it comes to aligning a client&#8217;s portfolio to their risk tolerance and capacity<\/li>\n<li>How portfolio rebalancing can provide a psychological (and potentially financial) return for clients during market downturns, particularly for those nearing and in retirement<\/li>\n<\/ul>\n<p>We also have a number of articles on cash flow planning:<\/p>\n<ul>\n<li>How financial advisors can help clients evaluate the decision of whether to pay off their mortgage early<\/li>\n<li>The financial (and psychological) considerations surrounding the decision of whether to put down more than 20% when buying a new home<\/li>\n<li>While clients might think buying stocks on margin is too risky, they might not realize they are engaging in similar risk-taking behavior when they do so &#8220;on mortgage&#8221;<\/li>\n<\/ul>\n<p>We wrap up with three final articles, all about having &#8216;enough&#8217;:<\/p>\n<ul>\n<li>How the &#8220;Jevons Paradox&#8221; explains why, despite many technological advances over the past century that have made work and other tasks more efficient, many people are busier than ever before<\/li>\n<li>Why having an &#8220;outcome orientation&#8221; could be a solution to information overload in the modern age<\/li>\n<li>Why finding a purpose after achieving financial independence can help individuals get off of the path of always seeking &#8216;more&#8217;<\/li>\n<\/ul>\n<p>Enjoy the &#8216;light&#8217; reading!<\/p>\n<p><a class=\"more-link\" href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-april-19-20-2025\/\">Read More&#8230;<\/a><\/p>\n<p><Img align=\"left\" border=\"0\" height=\"1\" width=\"1\" alt=\"\" style=\"border:0;float:left;margin:0;padding:0;width:1px!important;height:1px!important\" hspace=\"0\" src=\"https:\/\/feeds.kitces.com\/~\/i\/916909610\/0\/kitcesnerdseyeview\"><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enjoy the current installment of &#8220;Weekend Reading For Financial Planners&#8221; &ndash; this week&#8217;s edition kicks off with the news that as total household financial wealth grew to a record high of $90 trillion at the end of 2024, so too did the number of households advancing up the wealth ladder, with the High-Net-Worth (HNW) category [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":62095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[4759,10912,11465,3646,4766],"dealstore":[],"offerexpiration":[],"class_list":["post-193592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-april","tag-financial","tag-planners","tag-reading","tag-weekend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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