Risk assessment tools are becoming ever more popular as financial advisors seek to more effectively align investment portfolios with their clients’ expressed levels of risk tolerance.

Planning for aging can be a tough subject. Most older adults worry about health care and long-term care costs. And they totally stick their head in the sand about losing the ability to manage finances, drive, or make their own health care decisions. If you help them plan for these events, you will not only do your clients a great service, but also be seen as a valuable partner in their life.

Aging presents many challenges. It is not predictable. Many adults can live safely on their own well into their 80s, while others may start experiencing difficulties in their late 50s.

Families often leave an adviser after the death of a client. The reasons vary, but most likely the adviser did not develop strong relationships with other family members.