Required minimum distributions (RMDs) are the bread and butter of many advisory firms helping retirees. But when it comes to the logistics of calculating the payments and handling the distributions, we see many firms with the same, significant blind.

We know it can be helpful for advisors to understand what their peers are doing, especially during periods of uncertainty. With a bear market here for both stocks and bonds, and a recession likely, we wanted to look at the trends in asset management.

Many of us jumped head-first into video calls as a way of navigating COVID-19. As things return to normal, we’re seeing more advisors incorporate remote meetings into their regular practice. Not only do video calls save time since there’s no.

“We actually hired a business coach,” explains Alyssa Phillips, Chief Operating Officer for the firm, which manages around $1.5 billion in client assets. “They encouraged us to not only develop a proprietary process, but to name it and lead with.