Articles for Advisors

The Need For Power Of Attorney

Financial advisors should consider prompting their wealthy clients to designate a financial power of attorney now rather than later. In a similar vein, designating a medical power of attorney is also wise.

 

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Ask Friends, Listen to Accountant

Determining how investors proceed in their search for an advisor is the goal of the Spectrem study Preferred Sales Approach: Capturing the Wealthy Investor. The study includes all the details regarding the topics investors cover when they begin the search for a new or first advisor.

 

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Political candidates often approach, cajole and entice voters from specific segments of the population. That includes older investors, who are most likely, among generational voters, to actually participate in the election process by voting.

 

And older investors are often retired. Being retired, with no new income sources and seemingly all the time in the world, they take into consideration political issues in a different way than do working and younger investors.

 

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When Investors Consider Real Estate

Investing in real estate beyond the purchase of a first or second home is a complicated and risky proposition. The emergence of real estate investment groups has reduced that risk, but investment in real estate products remained stable through 2019, despite unprecedented growth in the stock market.

 

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Discussing Final Decisions With Your Clients

As painful an exercise as it can be, clients who are approaching the end of their lives or considering the financial consequences of their own mortality must make dozens of decisions about settling financial accounts for eventual distribution. Making those decisions is easier when a person has someone with whom they can discuss the necessary steps and best procedures, and for many people, their advisor is one of the “someones’’ they approach.

 

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Jumping In With Both Feet

The bull market, which has been on an unceasing run for most of Donald Trump’s presidency, shows no signs of pulling up any time soon. Investors who may have been cautious about the growth in stock market prices, believing a downturn has to come someday, are forgoing their apprehension and diving into investing in equities to take advantage of the market as much as possible.

 

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Investors Consider Trump Reelection

It is difficult to avoid political updates without retreating from all communication devices. Given that the information is in our faces so consistently, investors do take election concerns into account when making portfolio decisions.

 

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How Many Firms Does Your Client Work With?

Most adults strive to simplify their lives in order to have fewer matters to worry about. But when it comes to investing, many investors prefer to complicate their portfolios a bit by creating accounts with multiple providers.

 

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