Skip to Main Content
Success as a Financial Advisor For Dummies
book

Success as a Financial Advisor For Dummies

by Ivan M. Illan
December 2018
Beginner content levelBeginner
384 pages
9h 53m
English
For Dummies
Content preview from Success as a Financial Advisor For Dummies

Chapter 9

Delving into Liability Management

IN THIS CHAPTER

Bullet Calculating the dollar value of risks

Bullet Using insurance to reduce financial risks

Bullet Preparing for unforeseeable financial misfortune

Bullet Getting compensated for risk management

Liability management involves making sure your client has enough insurance to cover the cost of any big-ticket surprises, such as serious illness, property loss, or death of a major breadwinner. Think of asset and liability management as your team’s offense and defense. With asset management (see Chapter 7), you’re trying to gain ground. With liability management, you’re trying not to lose ground.

Although clients typically get more excited about maximizing their assets, you need to remind them of the importance of protecting against losses. After all, a single unexpected tragedy has the potential to completely devastate a high-performance portfolio.

Including liability management discussions with your asset management clients is important. Without effective liability management, your client could lose everything or, at the very least, suffer a loss greater ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Financial Risk Management For Dummies

Financial Risk Management For Dummies

Aaron Brown

Publisher Resources

ISBN: 9781119504108Purchase book