The state with $900M potential AUM per advisor; climbing costs of retiree health care; how to invest in whiskey
Financial Planning
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PRACTICE MANAGEMENT: Which states are the richest hunting grounds for potential AUM? Some areas have higher RIA saturation, which can mean greater competition among advisors looking to book new clients. See which states in a SmartAsset ranking showed the highest and lowest market saturation, ranging from less than $2M in projected “potential AUM per advisor” to more than $900M.
RETIREMENT PLANNING: "Year after year, so many Americans underestimate how much they'll need to save to cover health care costs in retirement," said Shams Talib (He/Him/His) of Fidelity Investments . Here’s how financial advisors can help.
INVESTING STRATEGIES: Be it bottle or cask, whiskey investing has a certain allure, with some collectors willing to make pricey investments in the spirits ($800K for one bottle, for example). "Hyper-luxury releases are increasingly displayed like artworks, while more accessible collections often take pride of place on backlit shelves in bespoke whisky rooms," said whisky broker and consultant Mark Littler . Here’s what to know about investing in whiskey, whisky and bourbon.
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GET SOCIAL, OR GET LOST! | Financial, FinTech, and Cybersecurity B2B Content Writer | FinTech and Wall Street Lead Generation
4dIt's fascinating how opportunities in financial planning can vary so much by location. Exploring these differences encourages advisors to think creatively about where their unique skills can make the biggest impact. And the retirement healthcare point is a crucial reminder of the human element in our work.