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Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the potential benefits of gaining CFP certification can accrue not only to the advisor themselves, but also to their clients.
Also in industry news this week:
- A new advisor benchmarking study indicates that high-growth firms are excelling in 3 areas: client acquisition, "relationship alpha", and strategic scale
- A recent survey indicates that while advisors increasingly are leveraging home office investment models to save time and scale more efficiently, they often customize them to meet their clients' unique needs
From there, we have several articles on retirement planning:
- Why "unretiring" does not necessarily have to mean going back to work full-time or in one's former industry
- The motivations for individuals who have reached 'traditional' retirement age to keep working and how advisors can support clients who are considering this decision
- How volunteering offers a range of mental and physical benefits to retirees and where they can find opportunities in their community
We also have a number of articles on client communication:
- Best practices for advisors in handling tricky client communication scenarios
- How advisors can add value to clients by helping them overcome "choice overload"
- The benefits of proactively informing clients about changes to an advisor's business and how advisors can structure and deliver these messages
We wrap up with 3 final articles, all about defining wealth:
- How defining wealth in terms of what an individual "can do" rather than as an arbitrary number can help clients better understand the "why" of their financial decisions
- How wealth can be thought of as one's ability to control their time
- How thinkers over the centuries have defined "enough" and what their conclusions mean for individuals today
Enjoy the 'light' reading!