![Weekend Reading 150x150 Final](https://www.kitces.com/wp-content/uploads/2017/04/Weekend-Reading_150x150_Final-150x150.png)
Enjoy the current installment of "weekend reading for financial planners" – this week's edition kicks off with the huge news that the FPA will be reorganizing its entire chapter structure, effectively disbanding its independent chapters and consolidating them into a single centralized "OneFPA Network" to leverage shared resources (from technology to accounting) and create better alignment from National to its chapters... though in a world where many FPA members were already citing that their local chapter presence was the primary reason they joined and stayed, it's not entirely clear whether FPA's planned change really addresses the organization's root challenges to remedy its waning membership and share of CFP certificants in the first place.
Also in the news this week is the latest news about coming wirehouse grid changes for 2019 that are taking a striking focus on both investing into their advisors (with higher payouts for earning CFP certification) and also more of a tech focus (with grid bonuses to advisors who get their clients to increase their digital engagement as well), and a preview of the SEC's coming changes to its advertising rules next spring that many hope will provide better clarify (and simply more reasonable regulation) when it comes to social media and digital advertising.
From there, we have a number of investment articles this week, from an interesting recent study by Fama and French showing that, even over a decade-long period of time, there's a material chance that value, small-cap, or even stocks overall fail to outperform (and that therefore even the past decade's underperformance of value could easily be just statistical noise), a review from Morningstar of the best 529 college savings plans (all of which are direct-sold, although the Utah my529 plan now has an advisor-supported option), and a good reminder of when and how to get more proactive in communicating with clients about rising market volatility (and when, perhaps, you shouldn't, as it may be more likely to alarm clients than reassure them!).
We also have a few articles about industry changes around the broker-dealer community, including suggestions on what brokers should consider when they get the news that their broker-dealer is being sold (or even if they just fear it might happen soon), how shifts in wirehouse culture over the past 10-20 years have undermined their retention efforts, and how last year's decision of Morgan Stanley and UBS to leave the Broker Protocol may ultimately be looked back upon as a major milestone in the industry... the point at which wirehouses in the aggregate recognized that their culture had become so watered down that they decided it was better to cut back on recruiting amongst one another altogether than risk continuing to lose brokers in the aggregate to the independent channels!
We wrap up with three interesting articles, all around the theme of the office spaces in which we work: the first is a look at how "natural light" has become one of the #1 perks in office space; the second explores how office space designers are looking at a possible future where there are no more desks and chairs in office spaces at all, shifting instead to a range of sofas of "softer" working spaces more conducive to personal interaction; and the last looking at the latest research on standing desks and finding that there may be more health benefits to them than recent critics have been suggesting after all!
Enjoy the "light" reading!