MEDIA REVIEWS - June 1-7, 2010

If your only mission as an advisor is to collect as many assets under management as you can get your hands on, you might want to skip Roy Diliberto's column in this month's Financial Advisor. He argues, persuasively, that there is a fine balance between saving too much and spending too much, and many clients are kind of extreme in either direction. Advisors who are working hard for their clients have to rein in overspending, and may have to point out the lost opportunities that come with oversaving. Deciding when to tell clients to spend more of their portfolios (when your revenues may be affected) is yet another conflict of interest that advisors have to face.

Elsewhere in this issue, Joni Youngwirth offers some advice on often-overlooked issues that come up when you're transferring your business, Joel Bruckenstein reviews one of the few planning programs that can be used in conjunction with your clients, and Eric Reiner offers some insights into the new taxes connected with the health care reform package. If you're interested, this issue also offers the broker-dealer rankings, one of three magazines now that collects data and offers rankings.