Playbook

Many clients avoid consolidating their assets at a single firm because they don't want the hassle. Advisors say it's important when to know not only when they're most likely to want to move assets, but also what to say.

Speakers at the Association of African American Financial Advisors' growing event called for greater collaboration and many types of advocacy.

Belen Tokarski is the president and COO of Mylo, an insurtech that connects business owners and individuals with top-rated insurance products from carriers for business, auto, home, life and more through their award-winning technology platform The Mind of Mylo™. Tokarski is a recognized leader and pioneer in the insurtech industry with 25+ years of experience and was previously president of platform solutions for Insureon and VP of automation strategy and agency solutions at CNA Insurance. 

David A. Perez is a tax strategist and the CEO of Tax Maverick AI. After filing over 50,000 tax returns, today he leads a successful eight-figure company and a team of experts around the world who are dedicated to making advanced tax strategies available to everyone.

Kevin Warsh set the table for change. Marvin Loh, managing director at State Street, discusses the FOMC meeting and Warsh's press conference.

Financial advisors can avoid a conversation mismatch by focusing less on what they do, and more on what clients care about.

In sessions at last week's Morningstar conference, Dimensional Chairman David Booth, "Unreasonable Hospitality" author Will Guidara and behavioral finance experts shared tips on how financial advisors can provide valuable coaching to clients.

The head of client segments in Morgan Stanley's wealth division acknowledges AI could one day be the primary source of financial advice for mass affluent clients. Morgan Stanley advisors working with wealthier investors will have to up their games.

For the truly rich, artificial intelligence can't compete with human advisors in handling many of their needs, according to a report from HSBC Holdings.