News and Updates

In recent years, Monte Carlo simulation has become a popular tool for financial advisors to motivate their clients to follow recommendations. By presenting a single probability-of-success percentage, Monte Carlo analyses give clients a simple, instantaneous metric on the state of their financial plan. And because many clients naturally like to challenge themselves to do better Read More... The post The Gamification Of Monte Carlo: How To Incentivize Proactive (Not Reactive) Retirement Spending Goals first appeared on Kitces.com .

Welcome back to the 281st episode of the Financial Advisor Success Podcast! My guest on today's podcast is Duncan Kelm. Duncan is a managing partner for Arrow Point Wealth Management, a hybrid advisory firm based in Santa Rosa, California that oversees $163 million in assets under management for 142 client households. What's unique about Duncan, Read More... The post #FA Success Ep 281: Leveraging Tax Planning To Create Unique Value For Small Business Owners, With Duncan Kelm first appeared on Kitces.com .

Self-worth can be an important component of an individual’s well-being, but people often base their own sense of self-worth on how they compare with others around them. And because finances are often a part of that comparison, the financial situation of the people we interact with on a regular basis can have a significant effect Read More... The post How Working With The Most Affluent Clients Can Actually Make Advisors Less Happy first appeared on Kitces.com .