Ep #110: Alan & Kitces Unhinged - E&O Insurance, Serving Multiple Niches, & More!

111-mailbag.png

We know our mailbag is overflowing, so we're back with another Alan & Kitces Unhinged episode to answer as many of your questions as possible! In this episode we're talking E&O insurance and when to get it; how to decide between two distinct niches you may be serving; and what it means to be a level-fee fiduciary.

We've also received questions about how to talk to clients about transitioning from an AUM only model to a retainer + AUM model. Often it seems trickier than it is, and we've got some guidance on how to make it easy. And we'll talk about the relevance of performance reviews, and whether or not you should be providing them to your clients - especially the younger ones.

This episode is chock-full of answers to your questions from the XYPN Radio VIP Community. Don't miss out, and join today so you can hear your question answered next round!

Listen to the Full Interview:

 

Want more from XYPN Radio? Become a VIP to access our private community!

What You'll Learn from This Episode:


  • When and how you should get E&O insurance, and what to watch out for when you're shopping for it.
  • Some of the situations you could get in if you don't have E&O insurance.
  • How to sell the transition to a new service model to your clients.
  • Why you may not have to choose between your two niches - and what to do if you do have to pick. 
  • What it means to be a level-fee fiduciary under the DOL's new regulations.
  • The case for and against sending performance reports to your clients. 
  • Why it's more important to keep your younger clients updated on their goal progress rather than their asset performance.

Featured on the Show:

subscribe-with-itunesSubscribe-with-stitcher

Ep #121: Outsourced Student Loan Services to Financial Advisors - The Career of Galen Herbst de Cortina Ep #121: Outsourced Student Loan Services to Financial Advisors - The Career of Galen Herbst de Cortina
Ep #120 - Career Changing From Tax Attorney to Financial Planner With a Focused Niche of Serving LGBTQ Couple Clients - The Career of Brian Thompson Ep #120 - Career Changing From Tax Attorney to Financial Planner With a Focused Niche of Serving LGBTQ Couple Clients - The Career of Brian Thompson
Ep #119:  Scaling a Firm to Serving 100 Clients in Less Than 2 Years – An Interview with Amy Irvine Ep #119:  Scaling a Firm to Serving 100 Clients in Less Than 2 Years – An Interview with Amy Irvine
Ep #118: Using a Barbell Service Model to Serve Two Niches - The Career of Justin Castelli Ep #118: Using a Barbell Service Model to Serve Two Niches - The Career of Justin Castelli
Ep #117: Becoming a Planner After Being Told It Wasn't an Appropriate Career for a Woman - The Career of Melissa Ellis Ep #117: Becoming a Planner After Being Told It Wasn't an Appropriate Career for a Woman - The Career of Melissa Ellis

Subscribe to Email Updates