Deposit insurance

The fintech's new products may violate several banking and securities regulations, industry officials say.

The fintech did not contact the Securities Investor Protection Corporation to discuss protection for deposits, according to its CEO Stephen Harbeck.

Funding long-term care is an increasingly important topic for planners to cover with clients, especially mass-affluent clients. "Even when you nail it down, the market changes on you and you have to re-evaluate," says advisor Bob Stowe.

Many partnership agreements cover what will happen if one of the partners dies, but fail to address the possibility of one of the principals becoming disabled.

Many clients don’t fully understand the coverage of their homeowners insurance policies and can use a qualified advisor’s help.

As opposed to more complex policies, such as universal life, which include more bells and whistles can also be more expensive, mass-affluent clients may want to keep it simple with whole life and term policies.