Clients often grant power of attorney for property to trusted family members, but an adult child may not always be the best choice. Columnist Akua Carmichael provides details of court cases involving children who failed in their fiduciary duty, and she offers tips when appointing a power of attorney for property.

When financial advisors don’t properly fulfil their know-your-product obligations, they put themselves at risk of potential litigation. At the Institute of Advanced Financial Planners’ annual symposium, lawyer Harold Geller outlined the pitfalls and suggested ways to avoid them.

And here are five quick tips to improve your communication with clients, based on a different session at the IAFP symposium. The first: Communicate your most important messages at either the beginning or end of meetings. Read more.

Finally, read about the latest and greatest moves across the industry, with this edition starting off with John Nicola and Dave Kelly.

Next week, we’ll have a story based on an interview with Advocis’ new CEO, Kelly Gorman.