Practice management

Share your thoughts on engaging women clients. Is it different?

WealthEngine has introduced a platform that helps advisory firms locate and profile high-net-worth individuals.

According to a recent “Investor Watch” report from UBS Wealth Management Americas, long-term care is respondents’ greatest personal financial concern.

Tales of professional athletes facing financial ruin are all too common. Whether it’s squandering millions or getting swindled by shady business and investment consultants, some athletes’ wealth falls as quickly as it rises.

A good old-fashioned team meeting can help prevent errors that stem from miscommunication.

What type of investments do you avoid? Do your clients understand why?

Are you neglecting women clients and their specific needs in the financial planning process?

You’re great at talking to clients, right? Now make that skill translate for the camera.

If confirmed by the Senate, veteran prosecutor Mary Jo White would assume responsibility for moving ahead with a number of initiatives that would reshape the regulatory landscape for advisors

Mary Jo White, a prosecutor and former U.S. attorney in Manhattan, will be nominated by President Barack Obama to be the next chairman of the Securities and Exchange Commission, according to a White House statement.

We can all do something better, something new, something different, something more. According to Steve Wershing, one reason advisors have difficulty following through is that we are all pretty booked up.

The Internal Revenue Service provided advice to taxpayers Wednesday on dealing with the late opening of tax season on January 30 that could also prove helpful to tax preparers.

The AICPA’s Advanced Personal Financial Planning Conference, held last week in Las Vegas, drew a record 1,100 attendees this year, a big jump from 820 in 2012.

Social media offers an increasingly powerful way to communicate with clients and prospects, yet many advisors aren’t taking advantage.

The Internal Revenue Service reported that audits of individuals topped 1 million in fiscal year 2012 for the sixth year in a row, a coverage rate of 1.03 percent of all tax returns filed, while audits in the upper income ranges remained substantially higher than other categories.

A client advisory board is a powerful tool advisors can use to better understand their clients and receive feedback on how to be more attractive to their ideal client.

Helping other businesses can help you, too.

As a tool for advisors, Riskalyze is new to the scene. The original risk profiling product was meant for individual investors, but a professional version specifically for investment advisors was recently launched.

A lot of time, effort and money is spent on discovering if a prospective team member will “fit” and determining if a new member’s personality or behavior will be complementary to those already on the team. Ken Haman examines what "team harmony" really means.

Keeping in touch with clients on a regular and timely basis is crucial. Whether you're facing market swings or macro issues, if you aren’t in front of your clients with information, they’re probably on their way to you with questions.