CFB Board Creates Another Three-Bucket Mess on Compensation
Rick Kahler’s "fee-only" trouble demonstrates the limitations of the CFP Board’s compensation rules.
A House Divided: Help Client Couples Work Together
During the 30-plus years I’ve been counseling couples and teaching them how to resolve conflicts, I’ve identified many ways they tend to polarize around money.
What Advisors Are Telling Panicky Clients About Market Volatility: Roundup
The market’s wild ride in the last few weeks has created extra work for advisors—who have spent a lot of time reassuring panicky clients about their investments. Here's a roundup of what advisors and other finance professionals are advising clients to do
How to Position Clients in Commodities
In today's choppy environment, advisors suggest using mutual funds, ETFs and managed futures for some clients
College Savings: Do Your Homework
David Blain of D. L. Blain & Co., LLC in New Bern, North Carolina, recounts a new client couple who came to him already buried...
The Psychology of Advice: The Madding Crowd
When bad things are happening to people all over the world, stress reactions start to run the show. Panic, rage, conspiracy theories, and other forms...
The Age of Enlightenment
"Am I set for retirement?" the baby boomer client asked his financial advisor in their first meeting. "I've been writing checks for $3,000 a month...
When most people think of the wealthy, they automatically envision a Manhattan penthouse or equally metropolitan locale. And while it's true that big cities often...
A while ago, I took part in a committee retreat about teaching communication and counseling-related skills to financial planners. The discussion was sponsored by the...