As the end of the year approaches, advisors would be well served to brush up on tax saving strategies.

Social media is increasingly being embraced by financial advisors as a powerful marketing channel and the trend is catching on with both small independent shops and large wirehouses. Yet, launching a social media strategy is no modest undertaking.

Financial advisors can learn a lot about relationship management from successful real estate agents. Prior to the advent of online real estate data providers such as Trulia and Zillow, agents were the primary source of market data, such as listings and sales of comparable properties. Prior to the Internet, it was also difficult to sell and buy homes without relying on real estate agents.

In any major city, there are probably no fewer than two Italian restaurants that claim to have the “world’s best pizza.” While the claim may sound appealing, no one really believes that it is true as there are thousands of such restaurants making such claims and by definition only one restaurant is the best pizza maker.