A Georgia Power of Attorney (POA) is one of the three foundational estate planning documents that most adults in Georgia need in place (the other two are the Advance Directive for Healthcare and a Last Will and Testament). Essentially, a POA allows you to appoint an agent to act on your behalf and manage your […]
It can be helpful for financial advisors to get a reminder of what the regulators are taking action on, to remind themselves of certain rules, as well as to allow a spot check to make sure that an individual’s practice is compliant in certain key areas. In today’s post, we share our review of FINRA’s […]
My anecdotal evidence from speaking with financial advisors suggests that some clients - including those who don't really fit the advisor's ideal client profile - may be much more problematic to serve and may lead to customer complaints, arbitration claims and regulatory actions. This HBS working paper also seems to suggest that "customer compatibility" is a real and meaningful thing and that it can also affect the bottom line.
It was a strange call, as I have never been asked "Can you get a will for a person who has died?" The situation was obviously sad, and the answer was No. Unfortunately, a lack of planning made things harder for the family members left behind. But, it doesn't have to be that way.