You don’t have to know everything there is to know about long term care insurance to help investors figure out is this is the right option for them.
You can proctect a financial flanning practice with non compete agreements, or you can work smarter with confidentiality agreements.
An Eaton Vance survey on individual investos shows uncertainty among investors as to the value that financial planners add.
If pension funds and trusts are required to use investment policy statements, there’s a good chance they can add value to wealth management relationships.
Transitioning from a commission to a fee based financial practice carries one likely risk: getting caugght somewhere in the middle, and missing the opportunity to maximize the value of the financial planning practice.
Investors have lots of advisors: bankers, layers, accountants. Why would they turn to you when estate issues arise because of a death in the family? Because you actively positioned yourself as the go to guy.
If you are intelligent, this will get you exactly nowhere in financial planning profession.
When one of the largest indpendent broker/dealer’s in the United States, LPL Financial Services, allowed me to survey their 5,100 registered reps, the results provided insights in into the evolution of wealth management.
Should financial advisors align themselves with large or small broker/dealers? Read on for an analysis of the issues.
As a financial advisor, do you think you’ll work till you drop? Or do you think you might actually retire and enjoy the good life someday. If you decide to sell, here’s how your practice might be valued.