The sad truth is we’re all vulnerable. If you use a smart phone or computer, you’re email and passwords are constantly in danger of attack by computer crooks. If it sounds slightly paranoid, it’s a good way for advisors to look at it.
Point is, A4A faithfully reports on security holes advisors need to know about it, like the one I read about today.
“The research specifically names the HTC Legend, EVO 4G, and Wildfire S; the Motorola Droid X; and the Samsung Epic 4G. Most at risk are users of the EVO 4G, which displayed the most vulnerabilities,” says Mashable.
Mashable says the security flaw, described in a white paper, is specific to a certain implementations of the Android operating system. So it won’t necessarily affect all Android phones.
A hole is reportedly opened when companies like HTC or Verizon overlay their own software (sometimes called “bloatware”) on top of the Android operating system — for example, HTC’s Sense interface — to differentiate themselves.
Advisors don’t need to get worked up about this threat but you do want to be aware of it just in case your cell phone behaves a little stangely. Mashable’s article is the scariest of several stories I found on the Web about the white paper. But its alarmist interpretation could be correct.
A financial advisor routinely deals with personal information, and you have a special obligation to your clients to treat their personal data with care. That’s the law.
Since changing our coverage in January, advisors have responded. And so far this month, the growth has accelerated sharply.
While it is not customary for sites like A4A to share Google Analytics figures, I have an ulterior motive.
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When advisors face a complex tax-planning situation, they’re often quick to refer the client to outside help. A better result would be to understand the basics of these advanced strategies enough to introduce them to clients, to be able to spot important issues, and then use an outside specialist to consult on specifics.
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Roth IRAs and Roth IRA conversions
IRA planning issues
IRAs payable to trusts
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If you have specific questions or complex planning topics that you’d like me to address in this blog, please let me know.