A) 6 Financial Advising Trends for 2022 - Advisors and their clients are watching these trends heading into 2022 (U.S. N
Posted: Sat Feb 26, 2022 9:06 am
A) 6 Financial Advising Trends for 2022 - Advisors and their
clients are watching these trends heading into 2022 (U.S. News, 22
Dec 20211 )
Investors and financial advisors are not entering 2022 in the
same headspace as they started 2021.They're rethinking many aspects
of financial planning, such as what retirement will really be like
and if it's worth waiting for. They're also worried about
inflation, volatility and taxes, all of which are factors that will
shape the financial advising landscape heading into 2022. The
coronavirus pandemic, which is entering its third year, brought
many of these questions and concerns to the forefront of advisors'
and clients' minds. For advisors eyeing where the next year will
lead them, here are the top financial advising trends for 2022:
✓ Rethinking retirement: "According to Dr. Coughlin, because the
pandemic meant we were spending so much time at home, it made us
reevaluate things like where we live, how we work, with whom we
spend time, how we get around, what we do for fun and how we
leverage technology," says Ryan Sullivan, managing director of
applied insights at Hartford Funds. As a result, many Americans now
have a much better idea of what retirement life might actually be
like.
✓ "Bucket list living.": Retirement planning should be more
about enjoying the journey than focusing solely on the destination.
"After nearly two years of constrained travel ability, many people
are looking to travel more, not only in retirement, but much more
in the near future as well," says Brad Levin, managing director and
senior wealth advisor at The Colony Group.
✓ Preparing for inflation: Inflation will continue to be a key
concern in 2022, says Brian Stivers, investment advisor and founder
of Stivers Financial Services.
✓ Less holding, more momentum: The buy-and-hold strategy hasbeen
the most popular investment technique of recent decades. “it makes
sense to reallocate into equities when the trend, and momentum, is
moving upwards and to reallocate to a defensive position, such as
bonds or cash, when the momentum, or trending information, is
tracking downwards,” says Brian Stivers, investment advisor and
founder of Stivers Financial Services.
✓ Advanced tax planning: Most advisors have heard the news that
the federal estate, gift and generationskipping transfer taxes are
increasing in 2022.
✓ Hybrid client communications: The pandemic forced many
advisors to adopt a virtual meeting style with clients, but
advisors may not want to be too quick to abandon the practice. "As
things continue
to normalize in 2022, financial professionals should consider
permanently implementing a hybrid model that blends in-person
client interactions with continued virtual engagement," Sullivan
says. Describe and explain the changing trend of financial planning
before and after the COVID-19 Pandemic.
clients are watching these trends heading into 2022 (U.S. News, 22
Dec 20211 )
Investors and financial advisors are not entering 2022 in the
same headspace as they started 2021.They're rethinking many aspects
of financial planning, such as what retirement will really be like
and if it's worth waiting for. They're also worried about
inflation, volatility and taxes, all of which are factors that will
shape the financial advising landscape heading into 2022. The
coronavirus pandemic, which is entering its third year, brought
many of these questions and concerns to the forefront of advisors'
and clients' minds. For advisors eyeing where the next year will
lead them, here are the top financial advising trends for 2022:
✓ Rethinking retirement: "According to Dr. Coughlin, because the
pandemic meant we were spending so much time at home, it made us
reevaluate things like where we live, how we work, with whom we
spend time, how we get around, what we do for fun and how we
leverage technology," says Ryan Sullivan, managing director of
applied insights at Hartford Funds. As a result, many Americans now
have a much better idea of what retirement life might actually be
like.
✓ "Bucket list living.": Retirement planning should be more
about enjoying the journey than focusing solely on the destination.
"After nearly two years of constrained travel ability, many people
are looking to travel more, not only in retirement, but much more
in the near future as well," says Brad Levin, managing director and
senior wealth advisor at The Colony Group.
✓ Preparing for inflation: Inflation will continue to be a key
concern in 2022, says Brian Stivers, investment advisor and founder
of Stivers Financial Services.
✓ Less holding, more momentum: The buy-and-hold strategy hasbeen
the most popular investment technique of recent decades. “it makes
sense to reallocate into equities when the trend, and momentum, is
moving upwards and to reallocate to a defensive position, such as
bonds or cash, when the momentum, or trending information, is
tracking downwards,” says Brian Stivers, investment advisor and
founder of Stivers Financial Services.
✓ Advanced tax planning: Most advisors have heard the news that
the federal estate, gift and generationskipping transfer taxes are
increasing in 2022.
✓ Hybrid client communications: The pandemic forced many
advisors to adopt a virtual meeting style with clients, but
advisors may not want to be too quick to abandon the practice. "As
things continue
to normalize in 2022, financial professionals should consider
permanently implementing a hybrid model that blends in-person
client interactions with continued virtual engagement," Sullivan
says. Describe and explain the changing trend of financial planning
before and after the COVID-19 Pandemic.