Grow Your Practice Through Charitable Planning

Posted by Justin C. Duft, JD, CFP, CLU, ChFC, CLTC

January 10, 2018 at 1:30 PM

Many high-net-worth clients give to charity annually, and they need you to help them identify the most efficient way to support the causes that are important to them. By brushing up on your knowledge of the charitable deduction and various giving strategies, you can both help your clients meet their philanthropic and legacy goals and grow your practice through charitable planning.

Read More

Topics: Financial Planning

Are There Hidden Financial Risks in Your Clients’ NQDC Plans?

Posted by Maureen Baxter, CLU, ChFC

November 15, 2017 at 1:30 PM

Nonqualified deferred compensation (NQDC) plans can be an effective tool for employers to recruit, reward, and retain select executives. But if they aren’t set up properly, there could be hidden financial risks in your clients’ NQDC plans that could be detrimental to both the firm and the covered employees.

Read More

Topics: Financial Planning

Divorce Planning: How You Can Help Clients Protect Their Finances

Posted by Justin C. Duft, JD, CFP, CLU, ChFC, CLTC

April 5, 2017 at 1:30 PM

As a financial planner, you're not expected to handle all of the difficulties that arise when your client is going through a divorce. But what you can do? Protect his or her financial security for the future.

Whether you're hoping to specialize in divorce planning or just working with divorcing clients as the need arises, it's important to take a multifaceted approach. From establishing a spending plan to protecting jointly held assets, here are some key areas on which to focus.

Read More

Topics: Financial Planning

Is a Divorce Financial Planning Specialty for You? Answers to 5 Key Questions

Posted by Justin C. Duft, JD, CFP, CLU, ChFC, CLTC

April 4, 2017 at 10:00 AM

As part of Commonwealth's Advanced Planning team, I can tell you that divorce financial planning is becoming a hot topic among our advisors. Like them, you may be wondering if this could be a potential route for your business. To shed some light on this niche opportunity, read on for five common questions (and answers) that we get from advisors considering this specialty.

Read More

Topics: Financial Planning

Finding Planning Opportunities in Clients' Tax Returns: A Checklist

Posted by Whitney Drechsler, JD

March 22, 2017 at 1:30 PM

At this time of the year, finding planning opportunities in clients' tax returns is a goal for many financial advisors. But it's also a chance to assess your clients' overall financial situation, plus add value to the client-advisor relationship.

This simple checklist below is designed to help you use the tax return as a road map for exploring future planning strategies. The goal? Learn about your clients' current situation—and how'd they'd like to see it evolve in the future.

Read More

Topics: Financial Planning

Commonwealth Business Review
5 Ways to Affiliate
The Independent Market Observer, Brad McMillan

Follow Us