Most financial advisors offer their clients casualIRA advice, which can take severalforms.

The most common form is to integrate IRAs into a client's assetallocation program or portfolio review process. Other forms ofcasual advice include: suggesting conversions from Traditional toRoth IRAs, providing calculations or advice on minimumdistributions, and advising on beneficiary changes.

None of these services typically generate new assets undermanagement, product sales, or commissions – so they are not verylucrative for advisors. However, they can help to build clientrelationships and make clients' retirements more successful.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.