Trivia Question❓
What is the minimum net worth requirement for an RIA to register with the SEC?
Answer at the bottom of the newsletter
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- Advisor's Edge 10/21/24
Advisor's Edge 10/21/24
Advisor's Edge
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Navigating Change: The Evolution of the RIA Industry |
The role of Registered Investment Advisors (RIAs) has undergone significant evolution since their inception, reflecting broader changes in the financial landscape and client expectations. In the early 20th century, investment advisory services were primarily accessible to wealthy individuals and institutions. Advisors typically operated under a commission-based model, focusing on selling financial products rather than providing comprehensive financial advice. This transactional approach often led to conflicts of interest, as advisors prioritized personal gains over client welfare. The 1940 Investment Advisers Act marked a pivotal moment, establishing a regulatory framework that required investment advisors to register with the SEC. This legislation introduced the fiduciary standard, compelling advisors to act in the best interests of their clients. As a result, the industry began shifting towards a client-centered model, emphasizing trust and transparency. The rise of technology in the late 20th and early 21st centuries further transformed the RIA landscape. The advent of digital communication and investment platforms enabled advisors to offer personalized services and streamlined access to financial information. This era also saw the emergence of robo-advisors, which democratized investment management by providing algorithm-driven advice at a lower cost. Today, RIAs are increasingly recognized for their holistic approach to wealth management, integrating financial planning, tax strategies, and estate planning into their services. As clients become more educated and engaged, RIAs continue to adapt, focusing on personalized experiences and utilizing technology to enhance client relationships. The evolution of RIAs reflects a broader commitment to fiduciary duty and client empowerment in the ever-changing financial landscape. |
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You Are Invited! |
Make Your Funeral A Teaching Moment Stan Miller is a nationally recognized estate planning attorney, a #1 Amazon best-selling author, the co-host of the Your Life Your Legacy podcast, and one of the cofounders of Wealth Counsel, the largest estate planning software program used by estate attorneys. On this educational lunch and learn, Stan will share: Your death is an occasion to share your wisdom, life lessons and some of the stories of your life many people don’t know. This is an opportunity that should not be wasted. The people who are most important in your life will be there. Their children, and perhaps their grandchildren, will also be there. For a few hours, you will be the focus of their attention. You can make this a powerful teaching moment. Register now and learn how to Make Your Funeral A Teaching Moment Your lunch instructions will be in your confirmation email and text, so make sure to enter your correct email and cell phone numbers. Date: Thursday, October 24th, 2024 Time: 12-1PM Eastern Place: Zoom Register here |
Attention High Income Professionals & High Net Worth Business Owners: Are you tired of watching your hard-earned income vanish into taxes every year? If you’re a business owner or a high-earning professional you know the frustration of sending checks to the IRS. But what if I told you there’s a legal, proven strategy that could help you reduce your taxes by up to TEN times your investment while still earning a targeted 18% annual return on your money? It may sound too good to be true, but it’s a strategy that’s transforming how high-net-worth individuals like you approach their finances, and it’s backed by a little-known sections of the IRS tax code: Section 168k and Section 179. But here’s where it gets even better this isn’t just about tax savings. By using this strategy, you’re not only cutting your taxes but you’re also securing a targeted 18% annual return on your investment. That’s right—you save money, and your money works for you, growing year after year. And there’s more. You’ll get your principal investment back at the end of FIVE years all while continuing to enjoy those reduced taxes and annual returns. Business owners and professionals across the country are already benefiting from this strategy, and it’s completely legal and in compliance with all IRS regulations. This isn’t some loophole that will get you in trouble It's a smart, strategic financial tool that you can leverage to maximize your wealth. During this session, you’ll learn how to:
Date: Friday October 25th, 2024 Time: 12-1PM Eastern Place: Zoom Register here |
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Network Your Net Worth Let Me Show You How to Foster Relationships that Organically & Consistently Generate High Net Worth Prospects and Grow Your AUM… Go here for a free ten minute training. |
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💡 Answer to Trivia Question: There is no minimum net worth requirement. |
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Your Advisor's Edge Team |