

Explaining the characteristics and risks of different asset classes.
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what does a wealth advisor do
- Considering potential sources of income, such as Social Security and pensions.
- How often do they review and rebalance portfolios?
- How do they construct and diversify client portfolios?
- Open and honest communication about financial goals and concerns.
- How does a wealth advisor advise on insurance needs?
- Regularly monitoring and rebalancing the portfolio to maintain the target allocation. How does a wealth advisor help clients develop a long-term financial plan that integrates their various financial goals, such as retirement, education funding, and wealth transfer, into a cohesive and actionable roadmap?
- Are they transparent about their fees and compensation?
- Regular meetings and proactive updates from the advisor.
- Developing strategies for philanthropic giving as part of the legacy plan. How does a wealth advisor help clients who are nearing retirement make the transition from accumulating assets to decumulating and managing their retirement income?
- What are the tax implications of different types of trusts?
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