Bankruptcy Basics Financial Advisors Should Know
Many people think about bankruptcy as a possibility for a variety of reasons. However, regardless of the reason, this choice is usually thought of as a last resort – an alternative to be considered just after other possible options are exhausted. However, the stigma associated with bankruptcy could make people who are in debt feel hesitant to seek help. Certain people have ethical objections and some may see bankruptcy as an admission to personal failure. Therefore, an application for bankruptcy relief can be filed later than is recommended.
Therefore, it is essential to inform clients about the options available to them to get rid of or lessen their debts through personal bankruptcy with BankruptcyHQ. In order to do this it is essential to have a clear understanding of the various types of bankruptcy and the filing requirements and the ramifications of this choice.
Money produces excellent television
Anyone who denies that money is inextricably linked to emotion is probably not a financial advisor. Today’s television series is filled with the drama that arises when money and emotion collide. Perhaps no one understands the entertainment value of financial counselors. Here are six of the finest economic advisor-recommended television series (plus one movie)
You should watch “Ozark” if you’ve ever had a horrible feeling about a customer but rejected it. The comedy revolves around Marty Byrde, a financial counselor who makes the mistake of taking on a customer he does not trust. This tragic choice propels Byrde down a difficult path into a life of crime. As an example of money laundering, think of “Breaking Bad.” Even though the program is amusing, Because of the SEC (Securities and Exchange Commission) laws, I feel Marty’s activities might get around them,” says Jeff Donham, one of the Colony Group’s top wealth advisors, who strongly recommends it to any other financial adviser who appreciates drama and dark humor. The fourth season of “Ozark” is scheduled to premiere on Netflix on Jan. 21, giving advisers about one month to catch up on the previous three seasons.
Any program about the collision of “money, influence, and corruption” must be entertaining. This Showtime series follows hedge fund manager Bobby Axelrod, who repeatedly crosses the boundary of legality, creating a cat-and-mouse pursuit with attorney Chuck Rhoades, who attempts to prosecute Axelrod. Axelrod’s approaches are inspired by the investigations of a former United States Attorney for the Southern District of New York. Financial advisers may also find the environments, often huge financial hubs, appealing. The sixth season is set to premiere on January 23. Earlier episodes are available on Showtime’s website or Amazon Prime Video.
Succession planning is frequently discussed among customers. Hopefully, “Succession” doesn’t like it. It follows the CEO of a major media empire as he approaches retirement. Meanwhile, his four children follow their objectives, which seldom coincide with their siblings. It’s a mashup of money, power, politics, and family drama worth looking at on HBO Max.
“The Nation’s Face”
According to Matthew Rapoport, the top television series for financial advisers, a senior wealth advisor with the Colony Group. “You may listen to the show’s audio-only version in your vehicle or while exercising,” he explains. If you’re desperate to conclude, you may listen at double the average pace. Rapoport has utilized shows such as “Face the Nation” to remain informed on current affairs. The show is one of the longest-running news shows remaining on the air and offers roundtable talks with prominent personalities from across the world moderated by Margaret Brennan. Each Sunday, CBS and CBS News run new episodes.
“Attendees to the Press”
For 70 years, “Meet the Press” has been a staple of Sunday morning television. The current incarnation involves host Chuck Todd discussing the week’s events and interviewing US and international leaders. As with “Face the Nation,” this one has a podcast component and a suggestion from Rapoport. You may still watch the program live on Sunday mornings on NBC or stream the podcast episodes, which last less than 48 minutes, on NBC’s website. Past outbreaks in their entirety and transcripts are also accessible online.
Suppose you want to go deep into long-term investment while binge-watching television, you should give “WealthTrack” a try. The program, hosted by financial writer Consuelo Mack, focuses on long-term diversified investment in various asset classes, including stocks and bonds, real estate, insurance, and even art and antiques. Mack was joined by economists, money managers, and heads of endowments. New episodes air on Friday evenings on channel 21 and Saturday mornings on Channel 13. The replays are available to the public on the WealthTrack website and YouTube channel.
“The Wall Street Journal”
There is no list of television for financial advisers that does not include the 1987 film, even though this isn’t an episode of a television show. The film, which stars Michael Douglas and Charlie Sheen, follows Sheen as an inexperienced stockbroker who would go to any length to reach the top, including enticing Douglas to provide secret trading information. Simply put, greed is a good thing – or, more precisely, a terrible thing. Levi Anderson, a certified financial planner, accredited asset management expert, and chartered retirement planning counselor of EP Wealth Advisors, views the incident as a warning story for novice advisors and anybody considering entering the business. “The value of these films is that they demonstrate that there have been, and continue to be, some terrible actors in the business,” he explains. “We must be aware of which activities to avoid and which are inappropriate. The disadvantage of these films is that they romanticize and perhaps applaud the misconduct shown.” If he were fresh in the business, he believes he would concentrate on discovering new talent through YouTube or podcasts.