Michael Kitces

Because most advisors are generalists, up-and-coming planners can seek out almost any niche to explore.

The more you learn, the more you realize how little you know.

The upfront tax benefits are undeniable, but that doesn’t necessarily help business owners in the long run.

Many want to work as holistic planners, but common, entry-level jobs can easily lead to dead ends.

Non-discretionary accounts may comprise the bulk of a client’s net worth, but are traditionally out of an advisor’s sphere of influence.

Not all vehicles are created equal — and for high earners in particular, the conventional wisdom may not apply.

Whether measuring performance against the market or a client’s own goals, the industry needs accountability.

We give advice based on the intel we have, but not all clients are as up front as we are.

The change is needed to better align the interests of RIAs and the custodians that serve them.

The impact of technology on client-facing jobs has been grossly overstated. Their threat to the back office, however, is very real.