With interest rates rising, it's more challenging to make the case for clients having a mortgage or other collateralized loan.
What is so incredible about advising is that there is an endless stream of current information we must absorb and navigate.
Firms that use a third party that actively allocates investments to the point of market timing can see tremendous attrition when their returns are negative and not aligned with the market.
Financial advisors labor against an industrywide reputation that’s as poor as that of the legal profession, which means that far too many people who could use our help don't trust us.
With the advisor shortfall, firms will have to get more accomplished at leveraging tech.
The deepest impact advisors make is guiding clients through the various seasons of life.
Over time, the increased demands of running a wealth management shop eat into the time advisors once had to work to their strengths and to devote to clients.
I’m not retiring nor am I leaving – I’m moving into a position that more closely aligns with my skill sets and passions.
It's up to us to let our clients know from the start about the services we will and won't provide, so they'll stick with us during market cycles.
Studies have shown that most people will benefit from an advisor's assistance, realizing a 4%-plus increase in their yearly return, even after fees.
