NAPFA ADVISOR
January 15, 2025
 
LLIS
 
INSIDE THIS ISSUE
  
Looking Ahead: Building a Strong Future for Fee-Only Financial Planning
By Spencer Bone, NAPFA Managing Director of Member Experience
  
Designing the Right Service Model to Fit Your Fee-Only Firm
By Scott MacKillop
Advisors are confronted with a dizzying array of choices when deciding how to launch a new practice. And existing practices often find their current business model has not kept up with the times and needs a refresh. This article provides a quick roadmap to help you navigate the new world and develop a service model to help you compete effectively in this rapidly evolving advice landscape.
  
The Fiduciary Best Interest Standard is Dying at the SEC – Fee-Only Fiduciary Advisers Can Act to Preserve it
By Knut Rostad 
The fiduciary standard as understood in law for decades no longer exists. Most Main Street investors get a “suitability plus” standard at best. Since 2009, when the Obama administration recommended brokers act as fiduciaries, the SEC has diminished fiduciary advice. 
  
Powering the Fee-Only Movement: The Role of Your Online Visibility
By Allan Slider
The momentum of the Fee-Only movement lies in the collective online visibility of individual advisors and firms. By adopting a straightforward online marketing framework, starting with simple website changes, Fee-Only firms can elevate their own businesses while growing awareness of the importance of transparency and unbiased advice for investors.
  
The 2025 Outlook for Long-Term Care Insurance
By Brian Gordon and Peter Florek
Long-term care planning has never been more important. It’s critical for financial advisors to be aware of trends in the market so they may ask the right questions and help their clients make the best decisions for themselves and their families. 
MEET YOUR INSURANCE NEEDS HERE!
Ryan Insurance Strategy Consultants®
Now powered by Gallagher Affinity, Ryan Insurance Strategy Consultants assist Fee-Only Advisors and their clients with Life, Disability, Errors & Omissions, Cyber Liability and Long-Term Care insurance planning. We also oversee the design, implementation, and administration of Group Insurance Membership Benefits for NAPFA members and their employees.
Learn about your NAPFA benefits.
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FEATURES
  
Considerations in Serving Divorcing Spouses
By Scott Snipkie
Divorce is unpleasant, and as a result planning for divorce isn’t something most folks do. Advisers, though, do have to prepare for the inevitability of divorce because working married couples likely means working with divorcing clients at some point, and that means being prepared for the compliance implications of divorcing clients.
  
Practical Tips To Burnout-Proof Your Year
By Jennifer Gray, LPC, LMHC, EMDR
With 2025 just weeks old, financial advisors have a crucial opportunity to prevent burnout and set themselves up for a balanced and intentional year. Let’s make this new year successful in a different way by prioritizing well-being alongside professional goals. Here are practical strategies to avoid burnout in 2025 and create a more balanced, fulfilling career.
Dimensional Fund Advisors
 

  
Phase Four of NAPFA’s Impact on the Profession
By Bob Veres
No community in the financial planning profession’s 50-year history has brought about more change, and more beneficial change, than NAPFA. In my experience, going back to the very first NAPFA conference (a bunch of advisors sitting in folding chairs taking turns at the podium), the transformation proceeded in distinct stages.
Texas Republic Management
 

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