Examples of Conflicts of Interest Broker is incentivized to sell insurance products that are more costly to clients than other alternatives. Broker is incentivized to sell products that have features that are not needed by the client. Broker is incentivized to sell products that minimize client flexibility (penalties, taxes, restricted produ...
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The Case for Integrated Solutions: Finding Harmony The music performed by a symphony orchestra under the direction of an experienced conductor is an excellent illustration of Aristotle’s principle that the whole is greater than the sum of the parts. The collaborative effort and synergy of the group results in a performance that is exponentially ...
The Taxable Investor's Manifesto: Wealth Management Strategies to Last a Lifetime Stuart E. Lucas, 2020 adapted description from Amazon.com: This Manifesto, which combines the deep industry knowledge of a seasoned practitioner with the communication skills of a leading educator, sensibly folds tax incentives into investment strat...
Examples of Conflicts of Interest Advisor makes referrals based on business relationships, rather than the qualifications of providers. Manager gives preferential treatment to certain clients. Questions Wealth Owners Should Ask to Surface Conflicts Do you accept any type of compensation from any sources other than client fees? ...
The four mobile apps below help make learning important financial concepts fun. Learning Money With Leo! by Royal Bank of Canada adapted from the product website: This app provides parents with a practical and fun way to help teach their children about the concepts and value of money. It uses a variety of inte...
Examples of Conflicts of Interest Client-owners are charged less for services than other family clients. Multi-family office serves as a conduit for selling other investment products. Questions Wealth Owners Should Ask to Surface Conflicts Do you provide objective oversight for comprehensive financial management&...
In Search of Integrated Solutions The nature and variety of investment alternatives, ever-changing tax laws and rigorous regulatory constraints make the work of managing multigenerational wealth more complex than ever. The common use of the term “wealth advisor” makes it difficult to distinguish between product providers and independent advisors...
There are many resources and games available for teaching children about different aspects of managing money, investing, and philanthropy. Keep the “fun factor” in mind when teaching children about these important concepts. Below are 21 age-appropriate online games that help make learning money management and investment concepts fun. 3-5 year ol...
The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children Jim Sheils, 2018 adapted description from Amazon.com: If you could do one thing that you knew would dramatically strengthen your family in just a few hours, would you do it? That’s the question posed in this easy-to-follow guide to reconnecting with...
Family Philanthropy Navigator: The Inspirational Guide for Philanthropic Families on Their Giving Journey Peter Vogel, 2020 adapted description from Amazon.com: Philanthropy is an important and highly rewarding way for individuals and families to make a difference in a rapidly changing world. Like the world around us, philanthro...
Examples of Conflicts Banker is incentivized to sell products that are proprietary while the client believes he provides objective advice on a broader array of products and services. Questions Wealth Owners Should Ask What are the limitations of the advice you are able to give me? What services are prov...
Examples of Conflicts of Interest Manager directs trades to a firm to access research and client reporting services (soft dollar benefits) Manager charges a full active management fee when most of the portfolio is indexed. Questions Wealth Owners Should Ask to Surface Conflicts How do you determine which brokerage firms execut...
Examples of Conflicts of Interest Accountant recommends strategies that benefit a third party without explaining the involvement of the additional parties. Advisor recommends a service offering that is not the best solution for the client. Questions Wealth Owners Should Ask to Surface Conflicts How...
table, tbody, td, tfoot, th, thead, tr { border:1px; } A well-constructed team of advisors leverages the expertise and experience of each team member for the benefit of the owner. This chart summarizes some of the most common types of financial service providers wealth owners rely on for integrated solutions. Many of these firms offe...
The four boad games below help make learning important financial concepts fun. Blast the Money Trap! adapted from the product website: Blast the Money Trap combines the fun of a board game with an exploration of using money as a tool to “Blast” out of The Money Trap through buying assets. Players move through the game, making cho...