Michael Pompian, CFA, CFP® is a Saint Louis area financial advisor who came up with the classifications for his various clients as an attempt to help him better serve those clients (Pompian, Michael, “Behavioral Finance and Investor Types,” Private Wealth Management, 2012 CFA Institute, pages 1-3). His thought was that if he understood who each client was, he could deliver improved investment results as well as help solidify client relationships. His stratification . . .
From insurance to aging parents, you'll be surprised at just how much of a risk you may be taking.
Author: Robert J Falcon, CPA, MBA, CFP® Candidate
Release Date: 1/10/17
When “finance” and “risk” are mentioned in the same sentence, the fear of losing money on investments and retirement assets is the first thought that comes to mind for most people. But there are other financial risks out there that are not as obvious, but can have an equally devastating effect on your financial well-being. Listed below are areas of financial exposure. Take a few minutes to review this list and then take steps in 2017 to cover any exposure you may . . .
"Why do I need a will? Everything goes to my spouse, right?” Not so fast! For a married Pennsylvania couple with kids from their marriage, the surviving spouse gets $30,000 plus half of remainder. Your kids get the other half. What do you think your kids will do with their half as soon as they reach majority age of 18? Vegas, here we come! Get a will in place and direct assets into a trust that specifies the ages (e.g, 25, 30, and 35) at which your . . .