CFP Board wants to bring more young people into financial planning The number of certified financial planners exceeds 70,000, but the CFP Board of Standards is taking steps to attract younger talent to help meet the demand for planning services, said Kevin Keller, the board’s CEO. The standards for becoming…
Advisers use charitable giving to engage with children of clients Advisers can form connections with clients’ children through charitable giving by making donations in a child’s name on special occasions and inviting clients to participate in charitable works, says Paula Feinberg of Raymond James & Associates. Advisers also recommend inviting…
State enforcement actions against brokers, advisers were up last year Enforcement actions by state securities regulators against broker-dealer agents soared 89% to 357 last year, the North American Securities Administrators Association said. Actions against licensed investment adviser representatives rose 11% to 176, the group said. ThinkAdvisor (11/4)
Hybrid policies can cover LTC needs at lower cost, experts say Hybrid life insurance policies can be a less-expensive way to cover at least some long-term-care and critical-illness needs, say Mike Hamilton and Steve Schoonveld of Lincoln Financial Group. The products are gaining interest among advisers and are evolving to…
Commentary: Making better connections can improve performance Forming stronger connections with clients and staff can help advisers improve their performance and feel more fulfilled, writes John Bowen Jr. of CEG Worldwide. Among the ways to form better connections are to emphasize one’s positive traits, have a strong team strategy and…
Commentary: Critical-illness insurance is key retirement consideration Agents and advisers should approach clients’ retirement portfolio with a balance that meets their particular needs, taking critical-illness insurance into consideration along with life, health and disability coverage, writes Donald Hansen of The Ark Group. InsuranceNewsNet Magazine (11/2014)
Client dementia is a growing problem, experts say Advisers would be wise to formulate plans for dealing with clients showing signs of dementia, experts say. Some advisers “are so worried about potential liability, they are dropping clients at the first hint of cognitive impairment,” Mason Braswell writes. InvestmentNews (free registration)…
Commentary: Agents need thorough LTCI knowledge to help clients Agents must have detailed knowledge about the cost of long-term care to ensure that clients have the right level of coverage, Eileen Tell and Mike Bell write. A range of factors can influence the daily benefit amount, and home-care benefits and…
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