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Even the wealthiest clients are happy when their advisors uncover extra cash for them. Here’s how to do it.
A new study finds that donor-advised funds are outnumbering all other charitable donation vehicles combined.
By making gifts through donor-advised funds, clients can get a tax break while still supporting an international charitable cause.
The impact of making a few large gifts may be quite different than the outcome from making many smaller gifts. Here are some tips to help clients decide how many charities to support.
Once a client has made a donation to his or her favored charity, your work has just started. Changes in tax laws, investment values and charitable organizations mean that advisors need to be vigilant.
Advisors can help identify those organizations that will be most satisfying to support and may strengthen their relationships with clients in the process.
The Chartered Advisor in Philanthropy certification is designed for individuals in a range of fields. Advisors say the designation has helped elevate their conversations with wealthy and philanthropically-minded clients.
While donor-advised funds surge in popularity, a foundation may make more sense for those with more than $5 million to give.
A continuity plan should be simple and spell out how unexpected interruptions could affect the business and how to safeguard the firm, employees and clients.
Clients don’t think of themselves as average, and human advisors are best equipped to customize and personalize their solutions, advisors and industry experts say.
A positive online presence is crucial to the success of an advisor’s reputation.
When it comes to compliance, do-it-yourselfers must build policies and procedures that can protect the firm. But as practices grow, seeking outside assistance may be necessary.
Here are five tips to help advisory firms comply with and go beyond SEC email requirements.
Without a security plan in place, financial affairs can become a mess if a client dies or becomes incapacitated.
With cybertheft rampant and regulators keeping watch, financial advisors must help secure their clients' data.
Advisors must understand one of the newest trends in philanthropy: Giving away illiquid assets.
Pensions and endowments have used liability-driven investing for years, but is it feasible as a retirement income strategy at the individual level?
Advisors today are realizing they have to be flexible, saying that they are just as apt to recommend a number lower or higher than 4% to clients as an appropriate withdrawal rate. And some are using means completely different to set rates.
Most advisors target pre-retiree clients, but it is possible to build a thriving practice in the retirement income planning market even after clients stop working.
Advisors have shifted the focus to thinking about retirement in terms of income strategies rather than purely the accumulation of more assets.