Where Does A Trust Fit In A Financial Plan?


A trust is a legal and financial vehicle that can serve several purposes. If you're thinking about putting a trust in your financial planning efforts, it's a good idea to understand its potential uses. A trust planning firm will encourage you to leverage these four elements. Liability Protection  One of the main arguments for establishing a trust is to develop a protective barrier between your finances and any liability exposure you might have.

30 August 2022

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