{"id":360898,"date":"2026-08-01T00:37:57","date_gmt":"2026-08-01T00:37:57","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/weekend-reading-for-financial-planners-august-1-2\/"},"modified":"2026-08-01T00:37:57","modified_gmt":"2026-08-01T00:37:57","slug":"weekend-reading-for-financial-planners-august-1-2","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=360898","title":{"rendered":"Weekend Reading For Financial Planners (August 1\u20132)"},"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 a recent survey of wealth management firms finds that while the number of <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#ai\">respondents who have Artificial Intelligence (AI) as a dedicated tech budget line item increased from 14% to 67% in the past year<\/a>, 65% said they have no defined AI success metric. Which suggests that while some firms might be looking to reap the potential benefits of using AI-enabled software tools, they might not be aware of the return (e.g., staff time saved that could be used for higher-value activities) they are receiving (or not) on this investment.<\/p>\n<p>Also in industry news this week:<\/p>\n<ul>\n<li>An analysis of <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#sec\">SEC filings indicates that while RIAs saw strong AUM growth<\/a> during the past year, many firms are struggling to add to their client headcount<\/li>\n<li>A <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#cfp\">recent commentary calls into question CFP Board&#8217;s commitment to the public<\/a>, suggesting that it is focusing more on the interests of its certificants and itself as an organization, potentially inhibiting the transformation of financial planning from an industry to a profession<\/li>\n<\/ul>\n<p>From there, we have several articles on retirement planning:<\/p>\n<ul>\n<li>An analysis identifies the <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#wealth\">key variables that drive satisfaction in retirement<\/a> (with non-financial factors, including health and social connectivity, often serving as more powerful drivers than financial considerations)<\/li>\n<li>Recent surveys suggest that <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#surveys\">financial advisors can add significant psychological value<\/a> to clients when it comes to building confidence in their retirement spending<\/li>\n<li><a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#object\">Why aiming to hit a specific retirement savings &#8216;number&#8217;<\/a> could create unnecessary stress and ultimately be counterproductive for many individuals<\/li>\n<\/ul>\n<p>We also have a number of articles on practice management:<\/p>\n<ul>\n<li>Why <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#move\">the move from &#8216;doer&#8217; to manager can be a particularly challenging transition<\/a>, and how firms can help new managers succeed (as well as improve the performance of team members in the process)<\/li>\n<li><a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#frame\">How to frame questions to team members or clients<\/a> in a way that better elicits responses that they might be nervous to volunteer<\/li>\n<li><a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#unhappy\">Why &#8220;accidental business owners&#8221; are often the unhappiest<\/a> financial advisors and how this group can evaluate their options to adjust their operations going forward<\/li>\n<\/ul>\n<p>We wrap up with three final articles, all about education planning:<\/p>\n<ul>\n<li>How financial advisors can support clients by helping them <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#parse\">evaluate which types of college scholarships<\/a> might be taxable (and by strategically allocating different funding sources to their most tax-efficient uses)<\/li>\n<li>Why <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#small\">qualifying for need-based financial aid<\/a> has become easier for families that own small businesses<\/li>\n<li>How many <a href=\"https:\/\/feeds.kitces.com\/~\/t\/0\/0\/kitcesnerdseyeview\/~https:\/\/www.kitces.com\/blog\/weekend-reading-for-financial-planners-august-1-2-2026\/#pricing\">colleges are attempting to offer greater pricing transparency<\/a> at a time when the ultimate price students will pay has become more confusing<\/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-august-1-2-2026\/\">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\/965084642\/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 a recent survey of wealth management firms finds that while the number of respondents who have Artificial Intelligence (AI) as a dedicated tech budget line item increased from 14% to 67% in the past year, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":360899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[5427,10912,11465,3646,4766],"dealstore":[],"offerexpiration":[],"class_list":["post-360898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-august","tag-financial","tag-planners","tag-reading","tag-weekend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekend Reading For Financial Planners (August 1\u20132) - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=360898\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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