With winter arriving early in many part of the U.S., we encourage you to get a warm beverage and take some time to read through this month’s issue in a cozy spot. We gathered the views of financial expert Michael Finke and other industry VIPs for our RIA-themed coverage, which we hope you’ll enjoy.
In Finke’s view, there’s value in looking at tax-favored longevity insurance. As clients look for security in retirement, advisors are left grappling with their role as a fiduciary and how to best balance that with the complexities of insurance products, their costs and the growing transparency of advice.
Leaders of BNY Mellon’s Pershing Advisor Solutions, such as contributing columnist Mark Tibergien, layout the pros and cons of using outside capital to grow an RIA. They also look at the many challenges and opportunities that lie ahead for these businesses.
Also in this issue, Josh Vail of 361 Capital explains a few strategies for preparing for a bear market. Author and professor Nouriel Roubini gives his take on why cryptocurrencies are the “mother of all scams.” And insurance specialist Scott Stolz highlights the details of using structured annuities.
For those tracking political developments, Washington Bureau Chief Melanie Waddell reviews the latest midterm predictions and how changes in Congress might impact the regulatory scene for advisors. She also asks Bernie Clark of Schwab Advisor Services about everything from the SEC and taxes to advisor M&A trends and crypto investing.
Tibergien delves into the tough subjects of “regrettable turnover” and how to work more productively with those in younger generations in this month’s column. He even throws in an analogy that will appeal to the bird-watcher in all of us.
To understand how advisors can put their own values front, right and center in their practices, Jamie Green spoke with Steve Rudolph of HW Financial Advisors. For instance, compensation for team members is tied to a “broader view” of production, adding value and improving the client experience.