"The onus is on the financial adviser to include the wife as a core contributor to the financial planning process so that each has an equal voice," said Vance Barse, wealth strategist at Manning Wealth Management.Read More
"Smart money is becoming more and more savvy on the nuances of the financial services industry," said Vance Barse, wealth strategist at Manning Wealth Management. "This includes knowing the difference between a modern-day fiduciary and the classic broker."Read More
"The 2019 tax season was an eye-opening one for many high-income earners, particularly in states like New York and California, given the $10,000 state and local tax deduction cap," Mr. Barse said. "We've seen a newfound appetite for municipal bonds given their tax-equivalent yield."Read More
"The more transparency we practitioners are provided, the better," said Vance Barse, a financial adviser at Manning Wealth Management Inc.Read More
Vance Barse, a wealth strategist at Manning Wealth Management, agrees that advisers who charge full-service prices while only providing portfolio management could lose some accounts to the subscription fee model.
However, Mr. Barse is concerned that people with complex needs may be wooed by lower costs and end up being underserved.
"Are these CFPs working alongside the client's CPA and estate planning attorney?" Mr. Barse asked. "This news leaves me with more questions than answers, and I am inclined to open an account to evaluate first-hand how evolved these planners are and what the client experience is like."Read More
"One of the primary pain points among middle- and upper-middle-class taxpayers was the AMT," said Vance Barse, adviser at Manning Wealth Management. "It's back to being a tax on truly high-income earners."Read More
Vance Barse, wealth strategist at Manning Wealth Management, agreed that the current cycle, including an historic 10-year bull market, has put star managers on the back burner for now.Read More
D. Vance Barse, a wealth strategist with Manning Wealth Management, said he doesn't use Instagram because he doesn't have software to help him archive content from the app. But something like Hearsay Social that solves the technology obstacle would make him reconsider the platform.Read More