Third-Party Risk Assessment Basics: Common Risk Factors


Almost every business has third-party relationships, including those with vendors, service providers, and any additional suppliers that they may work with. Unfortunately, those third-party relationships will usually also come with some inherent risks. It's important that you understand the risks that your company is assuming in doing so. That's where a third-party risk assessment comes in. Here's a look at some of the types of risk that your assessment might consider.

9 May 2022

Is Your Wealth Management Plan Resilient Or Fragile?


Whenever a wealth management planning services provider works with a client, developing a resilient plan is one of the main goals. How do you determine if your plan is resilient or fragile, though? Take a look at your wealth management planning efforts through these four filters to figure out where you might need to shore up some weaknesses. Annual Review  If you're not reviewing your plan at least once a year, that's already a potential sign of trouble.

3 February 2022

Approaching Retirement? 3 Reasons To Consult Retirement Financial Planners


Are you approaching retirement and are wondering how you should prepare yourself for it? You aren't alone! So many people find themselves in this situation, but it's never a big issue today because there are experts to help you out. When planning to retire, you have various financial aspects to bear in mind. It's also important to consider the kind of lifestyle you will likely have when you retire. If you don't create a good financial plan now, you won't have enough money to support yourself during retirement.

20 December 2021

Need Budgeting Help? Meet With A Financial Planner


Some people live on budgets while other people do not. If you do not have one, you might not be managing your money in the best possible ways. If you want to improve your financial situation and spend your money more wisely, you might want to meet with a financial planner for help with creating a budget. Here are several vital things to understand about budgets. The Definition of a Budget

14 October 2021

Should You Appoint Multiple Trustees? The Pros and Cons


As you plan your online living trust, one of the most vital elements is deciding who will serve as a trustee if something happens to you. Successor trustees are responsible for not only carrying out your wishes but also administering your assets and even making important decisions for you.  While many people name a single successor trustee, having multiple co-trustees can bring real benefits to everyone. However, it can also bring new pitfalls.

22 July 2021

A Guide To Wealth Management


When you want to grow your wealth, build a nest egg, and live the life that you've always dreamed of, know that it doesn't just happen automatically. Instead, you will need to take consistent and deliberate steps to make intelligent decisions that will diversify your revenue and put you in a position to grow longtime wealth. Knowing more about investing and hiring a wealth management services company will help you build your money more than you know.

19 May 2021

Should You Take An Aggressive Approach To Financial Planning?


When a client meets with a financial advisor, there is always a question about how aggressive they should be in approaching planning efforts. There is something to be said for seeking risk premiums through aggressive strategies, but that approach also has potential pitfalls. You should consider the question by looking at these three issues. Life Circumstances Aggression may be suited to some situations and not others. Someone with two younger children who still have many expenses ahead of them, for example, might want to take a more conservative approach.

6 April 2021