People already use retirement savings to manage short-term needs through 401(k) plan loans, hardship withdrawals and by cashing out during job transitions. Any retirement legislation should include provisions for emergency savings.
For crypto-skeptic advisers, the fact that the ban proved to be a tempest in a teapot should be a wake-up call. Crypto as an asset class is here to stay.
Advisers' biographies tend to be generic, filled with jargon and acronyms. Write a bio that gives prospects the information they need to decide whether they want to talk with you.
The compliance friction points that advisers detest the most are almost always centered around marketing.
Client risk profiles can be messy and complex, and even the language is confusing. Here are guidelines advisers can use to properly vet the tools they use to create client risk profiles.
Just 10 years ago, there was little crossover between securities and insurance, as insurance agents, health insurance agents and Wall Street advisers traditionally stayed in separate lanes. But that has started to change.
Advisers can use their tech stack to seamlessly track the opportunities best suited for each client and recommend appropriate actions that result in long-term change.
With valuations of financial planning and wealth management shops at record highs and private equity focusing on the space, it would seem prudent for firms to at least research their options.
Advances in technology and the deployment of Monte Carlo in financial planning means these solutions can support advisers creating stronger, more personalized financial plans.
Deep-in-debt clients were hoping for a magic solution I didn't have, and didn't appreciate the advice I was able to give them.
As changes bring about increased risks, RIAs need to recognize that insurance is a vital component of their risk management strategy.
It seems as though the pandemic should have provided the motivation for advisers to address their continuity needs.
I believe we can fundamentally change people’s lives for the better through financial advice.
Such arrangements are often structured in ways that misalign the interests of the buyers and sellers, and they can be highly divisive.
With students facing significant debt when they graduate, financial service providers can use technology to create a sense of empowerment around financial management for young adults.
Professionally managed portfolios that are accessible inside of consumer apps will give consumers their first taste of investing via a long-term-focused offer — perhaps coupled with education and bite-sized planning.
Adapting to the changing climate also includes taking into account advances in technology, such as in medicine, energy, transportation, space travel, artificial intelligence and computing. We need to analyze our current investments and consider updating our portfolios.
Rather than focusing on servicing clients, think instead of creating a great client experience — something that's very different.
ESG ETFs have investments related to solving social issues in the country such as racial disparities and better health care.
Here are the top four lessons I walked away from the Olympics with and that I will strive to instill in my team.
