Financial planning news from around the web: May 8 – 12, 2017

Written on May 11, 2017

Financial counseling adds new area of expertise to financial advice industry
Financial counseling, as opposed to financial planning, is adding a new area of expertise and opportunity to the advice industry. And it is one where digital platforms will have a hard time matching services.

Rising inflation dampens Americans’ personal financial satisfaction
Though many factors point to continuing economic recovery after the 2008 recession, rising interest rates are weighing on Americans, according to first-quarter results of the Personal Financial Satisfaction Index, which showed a 1.6-point decline from the previous quarter.

How to best support your adult children financially
No parent wants to see their adult children struggle financially, but prioritizing their needs over your own financial goals could lead to a difficult retirement. Here are three suggestions for having financial conversations with children and helping them prepare for the future.

Millennials design the financial service that would get them to invest
Adviser technology provider Envestnet asked about two dozen college students to conceive a plan for digital services. The millennials spent eight weeks creating plans for a financial service that would spur them and their giant generation to begin investing. They conceived "Zenvestr."

Tech Corner - 3 tech trends for accountants to watch in 2017
Kimberley N. Ellison-Taylor, chairman of the AICPA, recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead.

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