Wealth Think

Legacy expert attorneys Danielle and Andy Mayoras say the untimely death and shoddy estate planning efforts of renowned artist Thomas Kinkade serve as a prime example of why clients should update their wills on a regular – and sober – basis.

FINRA Rule 2090 will impose a new requirement on many firms, that of “knowing your customer.” Firms that have not previously been subject to a Know-Your-Customer requirement are determining what facts it deems essential in connection with servicing an account.

Steve Wershing, "The Referral Doctor," says it’s not your people that make clients happy but what your people do. And understanding that distinction is crucial for firms that want to add and retain clients and the staff to service them.

The time has finally arrived. FINRA’s new suitability and know-your-customer rules take effect today.

Ask Ed Slott: Your IRA Expert answers readers’ questions about stretch IRAs for beneficiaries and required minimum distributions.

Marketing expert Marie Swift says that if you believe that your brand of personal advice and investment acumen needs to find its way into the lives of more right-fit clients, stop procrastinating and pick a couple marketing initiatives to start now.

The Supreme Court decision looks and feels monumental to most Americans, even if it just confirmed the status quo, and clients will want to know its likely impact on their budgets, their retirement planning, and the economy.

While the longstanding assumption in the industry is that once you go to “RIA or independence land,” you just don’t go back – that’s not always the case. Over the last few years many breakaway brokers have returned to wirehouse firms. Recruiting expert Mindy Diamond believes there are three reasons why this migration has taken place, and is likely to continue.

Ask Ed Slott: Your IRA Expert explains when and why it’s best to use the five-year rule for distributions from an inherited IRA.

Steve Sanduski, “The Prosperous Advisor,” says when the markets turn turbulent, great advisors figure exactly what to do and say to calm down their anxious clients.