Too Small to Fail (at Succession Planning)
Judging by the amount of coverage succession planning has been getting in the trade press in the past couple of years, it is one of the most pressing problems facing the independent advisory industry today.
Mutiny? Brokers Are Embracing Fiduciary Standard, if Not Their Employers
Deutsche Bank suit and countersuit show that some brokers are putting their clients' interests first even when their employers dictate otherwise.
Fee Transparency: Why Advisors Should Tread Carefully
First, if SIFMA wants it, beware. Second, any regs will only focus on how much clients pay “advisors,” not what they’re paying for brokerage services.
Advisor X Asks 4 Good Questions; We Answer
Among the interesting queries this anonymous advisor raises: Are fiduciary advocates sincere?
A Peek Behind the Robo-Advice Curtain
How’s this for marketing? You tell me what you own, I’ll find funds that performed better and call the difference your “lost earnings.”
The Process of Financial Planning: Time to Go to the Next Level?
I think it may be time to create a true profession of financial planning.
What Color Is Your Salamander?
I used to love the old L.A. Law TV series (which aired 1986 to ‘94) because it humanized lawyers and showed that even though people can be deeply flawed, we can, on occasion, still be heart-wrenchingly kind.
Reality Bites: Busting the Myth of Financial Planning
The founders of "financial planning" made a mistake: they focused on the wrong thing.
Financial Planning or Asset Management? Clients Need Both
Why the “AUM fees versus flat fees” debate is resonating with advisors and why it all may just be moot.
Charging AUM Fees Does Not Conflict With Financial Planning
In what may really be my last word on the flat-fee-vs.-AUM debate, I share some cogent thoughts from readers and my cogent (I hope) responses.