How an updated estate can give clients 'power from the grave'
August is National Make a Will Month, but advisors say it's important to urge clients year-round to secure their wishes by keeping wills and estate plans fresh.
Stories from Financial Planning
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How to spot a client in crisis — and what to do next
Building client trust is a top priority for an advisor. But when advisors spot potential mental health struggles in clients, what should they do?
Women are inheriting trillions. How advisors can win their business
Women are projected to receive more than $100 trillion in the so-called great wealth transfer. But their planning needs can differ from men's.
Want ChatGPT to find your RIA? You may be overlooking your best tool
Web designer Bonfire Studio asked ChatGPT for advisor recommendations in five metro markets. The results give advisors more reason to tend to their online presence.
Splitting heirs: Advisors are losing next-gen clients. Here's how to keep them
With trillions on the table, advisors who know how to start conversations with clients' heirs risk losing far less than those who don't.
Advisors can uncover hidden retirement costs — and prevent years of cash drag
Retirement savers often don't realize what they're paying in fees or how much they can lose by leaving rollover cash uninvested, but advisors can help on both fronts.
Are Altruist's technology and low fees enough to tame the giants?
Altruist has earned legions of fans among financial advisors for sleek technology and low, clear fees. But its critics question whether that is enough to catch up to the giants that have dominated the business for decades.
2 AI platforms tackle the headaches of client, advisor moves
Dispatch and NetLaw target two different kinds of relocation friction. One for advisors switching firms, one for clients crossing state lines.
Despite private market concerns, advisors and clients are undeterred
A survey from the investment marketplace iCapital suggests that concerns about private credit have not derailed advisors' growing desires to place more clients in alternative investments.
Online misinformation strengthens planners' roles, advisors say
FinTok and AI financial advice have created a new era for wealth advisors — one ripe with online misinformation. But planners say that risky internet advice actually increases their value.
Robots are coming to healthcare. LTC planning must evolve
The rise of humanoid robots as home-care assistants will rewrite retirement budgets. Forward-thinking advisors who understand the coming shift will be well-positioned to help clients.
As private markets go mainstream, can advisors keep up with due diligence?
With retail investors projected to allocate $2 trillion into private equity, credit and similar investments over the next five years, asset managers are increasingly acting as a bridge to previously exclusive opportunities.
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