Michael Kitces Post-DOL Financial Planning Environment

Webinar Replay: Post-DOL Fireside Chat with Michael Kitces

Our March 15th Fireside Chat with Michael Kitces promised to deliver practice-shaping insights and calls to action on the post-DOL environment. It did not disappoint with over 90% of attendees rating it Useful to Very Useful.

Watch the webinar now.

In one of the most poignant moments, Michael noted that:

“If you look at the benchmarks, after stripping out markets and looking just at the growth of RIAs on a dollars-in, dollars-out basis; advisory businesses have had negative growth for the last 2 years.”

Michael Kitces on the RIA channel in the post-DOL environment

He didn’t stop there, adding that this RIA channel has become “One giant shrinking and undifferentiated mass competing against large well-funded brands like Merrill, Schwab and Vanguard.” He then went on to offer a number of activities that advisors should be addressing.

There were also many actionable solutions offered by The Modernist Advisor including a series of steps advisors can take to achieve purposeful growth in the post-DOL world. One of the niches that was talked about extensively was retirement income planning for boomers that transcends investment strategies. The Modernist Advisor offered a complementary “Stress Test” that advisors could use to determine how Retirement Alpha could improve portfolio performance.

Check out the replay for more.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *