Miller, Rick

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  • Publication
    Explaining Risk to Clients: An Advisory Perspective
    (2012-07-01) Hogan, Paula H; Miller, Rick
    To illustrate how advisors explain risk to clients, we map our view of current advisory practice, with particular emphasis on risk management, to our view of the current mosaic of planning paradigms. We then apply that information to identify questions for further discussion and research. We conclude there has been an evolution in advisory practice from a focus on product, to policy, and now increasingly to process, with communication about risk remaining central throughout.