Tips on Investment Errors and Omissions Insurance for Financial Advisers.

Errors and Omissions Insurance Tips

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AKA E&O Insurance for Financial Planners and Investment Managers

There are basically four types of E&O in this business:

• E&O for Broker Dealers.

• E&O for Registered Investment Advisors (RIAs).

• E&O for selling insurance company products.

• E&O for selling written financial plans for fees.

All financial advisors should have E&O insurance.

You should find a company that covers all of the things your practice does. Then make sure their policy:

• Has a high insurance rating.

• Has "Duty To Defend," not just the "Right To Defend," so they will have to defend you in court.

• Is not a "Claims Made" policy.

• Get one based on "Incident" so coverage will kick in as soon as there is an incident (so you don’t have to wait until there is a claim).

• Covers "Discretion" even if you only have Limited Discretion.

• Also, getting "Tail Coverage" is a good idea.

Perform an Internet search for more information, to find insurance carriers that sell it, and to look up the meanings of basic terms.

About Errors and Omissions Insurance.

This is all this website has to do with E&O. We don't sell it, nor do we have, or keep up with anything to do with it.

 

Financial Planning Software Modules For Sale
(are listed below)

Financial Planning Software that's Fully-Integrated
(the IFP is the NaviPlan alternative for 1/6th the price)

Goals-Only "Financial Planning Software"
(the MoneyGuidePro alternative for 1% of their price)

Retirement Planning Software Menu: Something for Everyone
(the RWRs, RP, and SRP)

Comprehensive Asset Allocation Software

Model Portfolio Allocations with Historical Returns

Monthly-updated ETF and Mutual Fund Picks

DIY Investment Portfolio Benchmarking Program

Financial Planning Fact Finders for Financial Planners Gathering Data from Clients

Investment Policy Statement Software (IPS)

Life Insurance Calculator (AKA Capital Needs Analysis Software)

Bond Calculators for Duration, Convexity, YTM, Accretion, and Amortization

Investment Software for Comparing the 27 Most Popular Methods of Investing

Rental Real Estate Investing Software

Net Worth Calculator (Balance Sheet Maker) and 75-year Net Worth Projector

College Savings Calculator

Financial Seminar Covering Retirement Planning and Investment Management

Sales Tools for Financial Adviser Marketing

Personal Budget Software and 75-year Cash Flow Projector

TVM Financial Tools and Financial Calculators

Our Unique Financial Services
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We're Fee-only Money Managers: So you can hire us to manage your money, and/or financial advisers can hire us to manage client money, using our Model Portfolios and/or Asset Allocation Systems

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Buy or Sell a Financial Planning Practice

Miscellaneous Pages of Interest
(are listed below)

Primer Tutorial to Learn the Basics of Financial Planning Software

About the Department of Labor's New Fiduciary Rules

Using Asset Allocation to Manage Money

Download Brokerage Data into Spreadsheets

How to Integrate Financial Planning Software Modules to Share Data

CRM and Portfolio Management Software

About Monte Carlo Simulators

About Efficient Frontier Portfolio Optimizers

Calculating Your Investment Risk Tolerance

About Discount Brokers for DIY Money Management

About 401(k) Plan Management

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