"Changes to the estate tax law at the beginning of 2013 mean that many individuals have an estate plan in place originally designed to solve a problem that no longer exists. Those dated plans in some cases actually create a new income tax problem their heirs will inherit when the plan is enacted. Those who haven't revisited their plan — a critical part of any individual's wealth transfer strategy — in the last year may be surprised to find what they planned for so carefully no longer serves their best interest.
Jim Cornfeld"More than ever we are seeing people deal with complexity and vulnerability! Complexity in the relationships we need to have to live the life we want; vulnerability by our need to rely on others to produce the things we need. This creates uncertainty which can bring out fear and doubt. The question we are hearing from clients is, 'How do we live life in uncertainty without the fear and doubt?"
Marty Kurtz"One of the more interesting things I've been seeing lately is that interconnection with dementia. For me it's a personal issue. I watched both my parents suffer with the disease. So I learned a lot from the inside: It's taxing, the caregiving that's involved. It's a difficult thing for clients and children to talk about — who will be in charge of the finances — but those conversations have to happen. And as financial planners, we can help."
Lee Baker"As women become the breadwinners in the family — 40% already are out-earning their husbands, and women under 30 are out-earning their male counterparts in all but 3 of the top 150 cities — they expect more advice on career planning and human capital growth, as well as more guidance on life insurance and retirement and corporate-benefit plans."
Heather R. Ettinger"We've had a number of clients' parents pass away in the last year. Our client is usually the child that becomes the executor, and the amount of pitfalls they face during this event is mind-numbing. Many of the parents are still operating on 'back of the napkin' estate planning. As a result, we've begun to work with our clients to discuss their parents' planning. Family meetings are key, if you can get the parent and siblings to participate. This then leads to the further discussions on how to do an even better job for [the client's own] children, down the line."
Doug Flynn"We implement a [retirement] plan and everything goes along great until I get the phone call, 'I need to get some extra money, can I?' The inevitable changes come along: I want to help my child buy a home, I need to pay for a wedding, my college student is moving home, my elderly parents are sick and need our help, we want to remodel the kitchen — the list goes on. A solid retirement plan has to be adaptable, flexible and looked after."
Julia M. Carlson"The overall theme I'm hearing more from some clients on relates to concerns about what is going on in the world right now, particularly with ISIS and of course the Ebola scare, and how that is impacting not only the markets but their personal goals. A few clients have expressed fear of travelling not only abroad but within the United States as well. Really this boils down to the concern about comfortably living our everyday lives, whether or not the fears are substantiated."
John R. Salter"The extended low-yield environment has significantly altered how investors and advisers are allocating their assets. When faced with the traditional decision between stocks, bonds and cash, investors are favoring stocks and cash. Across our financial dashboard user base … no one age range group has as much as 20% of their portfolio in bonds — even those in their 70s and 80s. How this shift away from fixed income impacts investors over the next full market cycle is going to be very important."
Kyle Ryan"We're hearing a lot from young families about having children, starting to make the choice of how they are going to care for the children. Is one of them going to stay home. If the one staying home reenters the workforce, there's a sacrifice there as well depending how much the job pays. But it's not just a financial decision, so you need to weigh all the factors."
H. Jude Boudreaux"My older clients are finding that they would like to work longer, but at a reduced pace and would like to take a six-month or one-year break. My younger clients want to take a year-long break with their families while their kids are still young. This creates a fund challenge for planners. We have to increase near-term savings for the sabbatical, plan for income ramping back up when they return to work and think about what income is realistic when they come back."
Rachele Bouchand
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
