BCG Blog - Advisors

We may be excited to be living longer, but can our retirement strategies keep up? New research shows that financial advisors may need to reassess how they discuss retirement target date planning with clients.

Uncertainty in the financial services industry is not something financial advisors can control, but they can prepare for it. There’s no need for something new. Traditional methods of optimizing resources will work well for businesses regardless of size. Here’s how.

For many in the financial services sector, the options for client surveys are clunky, costly, chaotic, or confusing. When it comes to online survey companies, advisors may find that the aspects that drive the popularity of some programs can make them inappropriate for their business. We researched feedback about these customer survey programs to assess the qualities financial advisors were most likely to need. Here are our results.

An essential part of investment planning has always included drafting a strategy to account for a client’s level of risk tolerance. Yet, assessing risk tolerance has always been balanced on two imprecise supports. Advisors may want to consider whether their clients who are considering drastic changes are reacting to a volatile market or if one of the imprecise supports of risk tolerance measurement has slipped.

The volatility in the market, and the whipsawing reactions to it, have ushered in an email maelstrom of offers of help. Why aren’t more clients responding? It could be that clients don’t know how to respond to offers to help that aren’t specific. In this practice pointer, we review how advisors can lighten their clients’ loads in seeking help by offering specifics.

Can advisors help their clients manage investing anxiety in today’s volatile market by reinforcing their duties as fiduciaries? We think so. Here’s an overview of how advisors can detail their commitment to protecting their clients’ bests interests.

Many retirees are not well positioned for the health care challenges they may face in retirement because they did not take advantage of long-term care insurance. While many saving for retirement have begun optimizing savings through Health Savings Accounts, they may not understand how those accounts can be used for long-term care insurance premiums when they do retire.

Political turmoil may be rocking the markets and your firm’s office. How can advisors lead their teams during tough times? Five tips that work.

A Supreme Court ruling curtailing the EPA’s rulemaking for outcome-based regulation could change cybersecurity rules for financial advisors. Well, maybe. We discuss the details by reviewing the Court’s decision and the federal framework for financial institution cybersecurity safeguards.