Wealth Think

Advisors are essentially small business owners, whose passion for their profession can easily consume everything else in their lives.

David Lee Roth once said, “Money can't buy you happiness, but it can buy you a yacht big enough to pull up right alongside it.” Over the past year a number of studies have been released that may prove the former Van Halen front man just might - up to a point - be right.

Advisors must be good writers. Here's a blueprint for success.

While half of U.S. banks are aware of the opportunity with mass affluent investors and are busy enhancing their online capabilities, the other half believe they distinguish themselves from the Charles Schwabs of the world with in-person advice.

The current SEC inspection and audit process is kind of silly, at best, and a waste of resources, at worst. FINRA's process, from what I've been told, makes even less sense. But what can we do to improve things?

Diversification is the best way to hedge against volatility, but now there are more ways to invest in volatility itself.

When you talk to the public about the Japan situation, begin by recognizing this is first and foremost a human tragedy.

A popular axiom – referred to as Occam’s razor - holds that we should tend towards simpler approaches until we must trade simplicity for increased explanatory power. For estate trustees and beneficiaries considering tax strategies in the disposition of 2010 estate assets, this principle is a sound guideline.

Certainly, communication breakdowns are headaches. But when political tumult grips North Africa and the Middle East, and the earthquake and tsunami disasters in Japan actually go nuclear, make sure that there are no breakdowns between your practice and your clients.

LinkedIn is a powerful networking tool that can have a significant impact on your bottom line.