Your client has a will.But will it actually control where their assets go?
Social Security is not projected to disappear.
“Act in the client’s best interest” sounds straightforward.In practice, however, CFP® professionals regularly encounter situations where the right course of action isn't nearly as obvious.
Most financial professionals understand the basic principle behind the CFP Board's ethical standards: act in the client's best interest.
Charitable planning is often approached as a tax conversation: How much can the client deduct? Should they donate cash or stock? Would a donor-advised fund make sense?
Mention a reverse mortgage to a room full of financial advisors, and you're likely to get very different reactions.
Retirement income planning has always involved uncertainty.
Financial advisors often know their clients for decades.
Marketing a financial advisory practice looks very different than it did even a decade ago.
Financial planning is never one-size-fits-all, and that is particularly true when working with women who are divorced, widowed, or single by choice.
