TAX • FINANCIAL PLANNING • BATTERIES
In this week’s newsletter check out an interesting graphic visualizing the total tax burden in each state. In our news section learn about a new technology to power batteries with micro black holes, how to grow an advisor career from assistant to partner, a complete guide to RIA succession planning and more.
Let’s jump into it.
We send out our newsletter every Friday with the most interesting content we’ve found that week.
source visualcapitalist.com
“In this episode, we talk in-depth about how Hannah embarked on this career journey while also building a family, including how Hannah balanced work, family, and the educational demands of building the credentials needed to effectively serve clients (by reminding herself that the demanding workload was a temporary stop on the way to more long-term rewards), how Hannah found that the path towards attaining her CFP certification was able to serve as a north star while navigating her career path through the industry, and how Hannah was able to jump-start the process to becoming a lead advisor by finding an opportunity where she could sit in on client meetings from day one (and be treated as a peer by her mentor).”
“Two physicists are contemplating a mind-blowing innovation that could one day power your electric vehicle with perhaps the most mysterious objects in known science: black holes. Astoundingly, the idea proposed by Norwegian University of Life Sciences’ Espen Gaarder Haug and the University of the Andes Foundation’s Gianfranco Spavieri won’t require an antimatter reactor operated by Geordi La Forge, most likely. But they caution that the proposal, which would stably leverage micro black hole power in the form of a battery, is “quite speculative.”
“Vermont state lawmakers just passed a measure that would require all utilities to provide 100 percent clean energy by 2035. The bill would put the state on track to be among the first to fully decarbonize, outpaced only by Rhode Island, which requires utilities to provide all-renewable power by 2033. Advocates involved with the Vermont bill’s passage told Canary Media that the new standard would underpin parallel climate efforts, like the state’s bid to electrify its home heating sector.”
“According to a 2019 study by J.D. Power, the average age of a financial advisor is 55; approximately one-fifth of advisors are 65 and older. If you’re within 5 – 7 years of exiting the business, succession planning should be one of your key strategic initiatives. Paul Blease advises that preparing to sell your practice is a process of analysis and optimization that requires a multi-year runway. Without proper planning, you risk undervaluing your life’s work and damaging the key client relationships you’ll need to sustain the business when the time comes to retire.”
We send out our newsletter every Friday with the most interesting content we’ve found that week.
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