**FAQs**
1. **What is the current status of the Department of Labor’s Retirement Security Rule?**
The Federal district court in Texas has put a stay on the effective date of the Department of Labor’s new Retirement Security Rule, also known as “Fiduciary Rule 2.0.” The court indicated that its ultimate decision is likely to favor groups opposing the regulation, potentially leading to an appeal by the DoL.
2. **Why are 401(k) plan participants more likely to trust human-provided financial advice over computer-generated advice?**
A recent survey found that a majority of 401(k) plan participants believe their financial situation warrants financial advice and are more inclined to trust advice provided by humans over computer-generated advice.
3. **What impact does the SEC’s new “T+1” settlement rule have on RIAs?**
With the SEC’s new “T+1” settlement rule in effect, RIAs could face related record-keeping requests during upcoming examinations.
4. **How can advisors improve their marketing efforts?**
Advisors are utilizing platforms like Substack to enhance their content marketing, focusing on shorter email subject lines with clear value propositions, and leveraging podcasting as an efficient marketing tool.
5. **Why should advisors consider incorporating mindfulness practices into their busy schedules?**
By incorporating mindfulness practices into their routines, advisors can become more present in their daily lives, leading to greater work-life harmony and reduced stress.
**Conclusion**
In this week’s edition of “Weekend Reading For Financial Planners,” we covered a range of topics including the status of the Department of Labor’s Retirement Security Rule, investment planning strategies, advisor marketing techniques, and work-life balance tips. As the industry continues to evolve, it’s essential for financial planners to stay informed and adapt to new regulations, trends, and best practices to better serve their clients and enhance their businesses.
For more in-depth insights and articles, be sure to check out the full blog post linked above.