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What High-Net-Worth Prospects (Really) Want From A Financial Advisor

Nerd's Eye View

For example, an advisor may think of "risk management" in terms of life and property insurance coverage, whereas HNW clients may instead think of tax and estate-planning strategies as asset protection measures – particularly for the future wealth of their heirs.

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NAIFA Welcomes New Member Gregory Fat

NAIFA Advisor Today

Throughout his internship, he helped form complex trusts, developed estate plans, and ensured appropriate insurance coverage for high-net-worth families.

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11 Financial Tips for Starting a Family

MainStreet Financial Planning

Update your life and disability insurance. Now more than ever you want to have appropriate life and disability insurance coverage, so if something unexpected happens your family will be OK. Get your estate plan in order. You can request a social security number along with your baby’s birth certificate.

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Financial Planning That Helps Clients Weather Disasters

eMoney Advisor

After all, if your services include coordination with their estate planning, insurance, and more, you need to have a secure way they can share that data with you. They can check their homeowner’s insurance coverage before making a claim once the storm has passed. Sources: 1.

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Taking Control of Your Finances: Why Financial Planning Matters

International College of Financial Planning

Benefits of Financial Planning: Financial planning offers numerous benefits, including: Financial planning assists in accomplishing financial objectives by enabling individuals to create a realistic financial roadmap, save and invest in a methodical way, and track their progress toward their goals.

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The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

Health insurance can be instrumental in tackling the escalating costs of healthcare. Insurance serves as a crucial safety net and shields your retirement savings from being depleted by unforeseen medical expenses. Pillar 4: Estate planning Estate planning is often overlooked and deferred as an end-of-life task.

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Year-End Financial Checklist

Walkner Condon Financial Advisors

These plans will not be offered to everyone and have restrictions for use. TAX AND ESTATE PLANNING. Insurance Amounts . Another overlooked area of a sound financial plan is insurance coverage and their respective coverage amounts. Tax Loss Harvesting.