Advisers need to learn to help ultra-high-net-worth families achieve and maintain a sense of shared purpose and stewardship around legacies.
Seniors lose more than $3 billion annually as a result of financial scams and other forms of elder abuse, and as baby boomers continue to age, this already staggering figure is sure to rise.
We need to understand new technologies and combat the fear of missing out on the hottest investment category, which has been cryptocurrencies.
The DOL has clarified its earlier advice on this topic, stressing the responsibility of fiduciaries whose plans offer private equity investments.
When the equity markets decline, as they have this year, they take the value of your firm down with them.
As inflationary pressures mount, retirement savers are looking for solutions that offer growth opportunities while limiting downside risk.
Firms need purpose-built tools to manage their discovery responsibilities as the emergence of Slack, Zoom, Microsoft Teams and other communication channels has made e-discovery far more complex.
8 tips to help advisers enjoy a less stressful experience during and after a move.
Often advisers have a backstory or personal connection that allows them to understand the needs of their core clientele, and that 'why' is where they get the chance to set themselves apart.
Incorporating long-term planning to account for higher spending after age 80 can help clients retire with the quality of life they deserve while ensuring they don’t run out of money.
Narrowing the clients you work with, as well as the types of products and services offered, allows you to develop a level of expertise within a subset of clients.
In the course of working with clients on financial planning, some are comfortable enough to talk about parts of their personal lives.
Begin by getting alignment from senior leaders, conducting a materiality assessment, picking the right reporting framework and engaging with investors.
If you're thinking of selling, you should be considering factors like the rate at which your firm is growing, your relationship with your employees, the age of your clients and the state of your tech stack.
While the Covid-19 pandemic brought financial challenges for many Americans, African Americans and people of color faced more financial emergencies with fewer economic resources.
Why aren't advisers talking to clients about the solutions that are out there? Many investors are still choosing only traditional investment vehicles and missing the complementary role annuities can play in retirement portfolios.
The more we see a brand, the more we come to recognize it as trustworthy. This applies to financial advisers, too.
Each of my adventures has taken time, energy, effort and a willingness to be pushed outside of my comfort zone. The same is true for investing.
The more unique or specialized an adviser's practice is, the less marketable it is to potential buyers.
You have one chance to show clients why you started your own firm, and most importantly, how they will be better off.
