Capgemini, a global leader in consulting, digital transformation, technology and engineering services, published its annual World Wealth Report 2020, and there are some key takeaways for financial advisors and planners. The biggest takeaway? High Net Worth Individuals (HNWI) wealth and …
Financial planners make market predictions constantly; it’s the core element of the job. But the prediction business got a whole lot harder starting in early 2020, and planners and clients have been put through the wringer with the stock market. …
People at all levels of the financial services industry have had a front-row seat to the harm COVID-19 has wreaked on the economy. First-quarter 2020 GDP dropped by nearly 5 percent; 17 million jobless claims were filed – and that’s …
Lessons to Learn and Unlearn from the Great Recession On top of all the same fears everyone else had as the novel coronavirus circled the globe, your phone was ringing off the hook and your inbox overflowed with other people’s …
Are your pockets feeling a little lighter in the new year after the holiday spending spree? With subdued new year celebrations following close on the heels of Thanksgiving and Christmas, most of us are starting out the new year with …
While every professional welcomes client referrals, a study by Charles Schwab found that getting them can have a sizable influence on the growth of your business. Referrals can provide 60% of a firm’s new business. Charles Paikert, one of Financial …
Financial planners can themselves be a valuable asset to the self-employed. This means you can help your clients from the ground up. One of the first things to determine is whether the new business should become a sole proprietor or …
The American Resort Development Association (ARDA) estimates that regardless of potential pitfalls, more than 9 million consumers invest in vacation timeshares each year. Yet, buying vacation timeshares has become synonymous with bad financial investment in recent years. In fact, according …
Many people have a portfolio rich in oil companies stocks, because they viewed them as a safe investment. However, oil prices are now extremely low primarily due to the amount of oil being produced by new extraction techniques such as …
Mortgage debts, which are among the most common forms of American debt, are frequent topics of discussion between financial planners and their clients. Typically, the advice of financial planners is to wait on paying off a mortgage quickly, since it …