article thumbnail

Debt Management in Estate Planning

Wealth Management

What if a client burdened with substantial debts or liabilities from their business unexpectedly passes away?

article thumbnail

China’s Bad Debt Managers See Profits Tank on Property Losses

Wealth Management

China’s distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas during the sector’s boom years has beset the $730 billion funds with heavy credit losses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Importance of Debt Management

Advisor Perspectives

Incorporating debt planning into your services helps your clients achieve a more comprehensive and sustainable financial future.

article thumbnail

When Does A Financial Coach Need To Register As An Investment Adviser? The “ABCS” Test To Determine Status

Nerd's Eye View

Notably, while many financial coaches satisfy the majority of these requirements – they are in the business of offering advice to clients and are compensated as such – they often steer clear of making specific securities recommendations, focusing instead on areas like budgeting, debt management, savings, and retirement planning.

Investing 238
article thumbnail

What Is Budget Counseling And How Does It Work?

Clever Girl Finance

However, in some cases, you may need to sign up for a Debt Management Program (DMP), which will usually have a cost. You can get basic budget counseling at their various agencies as well as debt management plans. They can help connect you to a member agency that will offer debt relief solutions.

article thumbnail

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

Most advisors are already familiar with many of the issues these individuals face, from setting goals to debt management, although the specifics might be slightly different given the typically lower incomes and wealth of pro bono clients. law) with established pro bono programs.

Clients 162
article thumbnail

Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

Most advisors are already familiar with many of the issues these individuals face, from setting goals to debt management, although the specifics might be slightly different given the typically lower incomes and wealth of pro bono clients. law) with established pro bono programs.

Clients 148