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DOL Q&A

DOL Q&A

We recently held a “Lunch & Learn” event here at our SEED Offices where we discussed the Department of Labor Fiduciary Rule in depth. This post contains some questions asked by the attendees. Q: How will this affect the insurance “Financial Advisors?”...

Financial Advisors and Litigation

There is a huge misconception that the DOL Fiduciary Rule opens the door for clients to sue financial advisors if they lose money on their investments. Legal liability seems to be the key argument of most opponents to the Fiduciary Rule. This is kind of like saying,...
Financial Advisors and Personal Wealth

Financial Advisors and Personal Wealth

The goal of most financial advisors is to work with fewer clients, make more money, and have less work to do. The industry push has been to outsource everything except the client face time. Even client face time is minimal in many practices. The climb to higher riches...
Financial Advisors and Training

Financial Advisors and Training

Due to the predominant advisor compensation structures, when a young person wants to enter the financial planning, investment, or insurance world, they are, in most cases, forced to become a financial products sales person. Most are trained right from the beginning to...
Financial Advisors and Running a Business

Financial Advisors and Running a Business

Financial advisors track many things. They track their phone calls, appointments scheduled, cases closed, new insurance premiums, trails, AUM charges, and so on. They even hire coaches to keep them on track to ensure they are asking for enough referrals, prequalifying...