Wealth Think

Insurance is an important part of all your clients' financial plans. The current controversy surrounding Michael Jackson's estate and litigation serves as a stark reminder to your clients to be careful and make full disclosure so their heirs don't have to face a lawsuit over an insurance claim when they die.

If you're thinking about starting your own financial services firm, you're going to need a ton of money and even more patience.

Ask Ed Slott: Your IRA Expert answers readers' questions about the pros and cons of rolling over 401(k) assets to either a traditional or Roth IRA.

Firms need to foster real loyalty between themselves and their investor-clients, especially if advisors continue to leave, says Arthur Levitt, the former chairman of the SEC.

It's a summer of uncertainty, with affluent optimism gyrating based on the latest economic news. It also contributes to a fundamental irony: these days, affluent investors simply don't feel affluent.

Despite improved efficiencies and reduced costs, the increased complexity of service provider arrangements has made it more difficult for plan sponsors and ERISA fiduciaries to understand how and how much compensation should be paid to service providers.

Even the best independent financial advisors can benefit from an occasional or even regular program of coaching and mentoring. It sometimes takes an outsider with a fresh perspective to see the best way for you to take your team and your practice to the next level.

Many Wall Street experts think that the JOBS Act will fundamentally change the hedge fund industry. But will it lead to the consolidation of existing funds and the creation of others?

Advisors should work to become the first name people in a particular market think of when they need a certain type of product, service or expertise. Being a "local/vocal name" can set you apart from other financial advisors and help you gain market share, according to marketing expert Marie Swift.