1 visitor like this article | Viewed 3191 times | 0 comment
Summary: Would you recommend a restaurant without having eaten there? Probably not, and yet the risk is minimal; a bad dinner. Yet financial advisors expect CPAs to refer clients without personally experiencing their level of professionalism and expertise? This is high risk, as a bad experience with a referred advisor and the CPA is likely to lose a client.
1 visitor like this article | Viewed 2758 times | 0 comment
Summary: The Department of Labor’s announcement of its long-awaited, long-debated fiduciary rule for retirement plan advice will be remembered as a milestone in the history of the industry. To put it simply, professional financial planners and advisors have achieved a victory, and the Wall Street and independent broker-dealer service models have been dealt a blow.
Added on April 2016 in Form an RIA
1 visitor like this article | Viewed 3738 times | 0 comment
Summary: The financial industry is in a tizzy as the Department of Labor released the long-anticipated final version of the new rules addressing conflicts of interest in retirement advice earlier today. Weighing in at over 1,000 pages, the collected documents that make up the new rules are imposing, to say the least. Here’s an overview of the broad strokes.
0 visitor like this article | Viewed 3112 times | 0 comment
Summary: Your budget doesn’t begin to compare with the megacorps, but that doesn’t change the fact that you’re both competing for the same market share. In this crowded space, content creation will give you an edge.
0 visitor like this article | Viewed 3072 times | 0 comment
Summary: It’s not surprising that financial advisors are reluctant to face their own mortality, but you aren’t doing yourself—or your clients—any favors by putting off succession and continuity planning. If you find the idea of planning your retirement (succession) from the business too daunting right now, at the very least, you should get a continuity plan in place this year.
