Dan Weil

Some experts say the advantages are oversold.

Self-directed IRAs can provide solid returns and tax protection.

These all-weather investments could be just the ticket for clients.

Advisors should embrace videos and infographics and think about how they're using social media.

Let wealth planning, CRM and portfolio rebalancing software do the grunt work.

Concentrating too much of a client's portfolio in U.S. stocks creates too much risk.

The same standards apply as would to an outsider – being qualified and having the trust of clients.

Here are tips for weighing the pros and cons of each option.

Some make a complete break from their firms, while others opt to maintain a part-time presence.

With more focusing on specific client niches, it makes sense to go where the money is.

With more focusing on specific client niches, it makes sense to go where the money is.

Consider customer referrals, a strong media presence and philanthropy.

Consider customer referrals, a strong media presence and philanthropy.

Full-service planning allows for a bigger impact, but a niche approach may mean more objectivity.

Advisers should leverage these relationships to reel in clients.

Advisers should leverage these relationships to reel in clients.

Advisers might want to steer their practices away from doctors and toward millennials.

Advisers say one option has clear benefits over the other.