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How Financial Advising / Planning / Wealth Management could be different



Gas stations / convenience stores / car washes could provide tax benefits through depreciation

Corporate bonds / fixed income / credit could be better than stocks in a high interest rate environment

Existing brokerage accounts / pre-built strategies could be automatically copied from top investors

Business Development Corporations (BDCs) could be good investments

Choosing a Roth 401(k) could not make financial sense compared with a traditional 401(k)

Civil cases against financial advisors could be on public record and less expensive

Financial advisors could be required to disclose civil lawsuits, customer complaints, and arbitration claims

Wealth managers could not be incentivized to cross-sell high fee financial products

Cryptocurrency holders could have wealth management

Investors could be notified about taxable accounts to avoid capital gains taxes

Donor-advised funds could be used more currently in philanthropy

Private equity could disclose fees / real performance as well as be audited independently

Long-term care insurance could be purchased at a younger age

Financial advice could fit on an index card

Index funds / ETFs could be creating a financial bubble

ESG / Socially Responsible stock investing could be a less useful than charity donations or impact capital investing

Wealth management could have low fees, smart beta, tax loss harvesting, and rebalancing

Passive investing could be better than active investing

Financial advisors could have to fulfill a fiduciary standard