When Charles Schwab announced it would switch to subscription pricing for its robo-adviser, some financial advisers saw new competition for retail assets. For only $30 per month, Schwab Intelligent Portfolios Premium clients will get automated investing and unlimited access to a certified financial planner. For clients with at least $125,000 invested, that’s even less expensive than the 28 basis points Schwab currently charges for the hybrid robo-adviser and far more affordable than the 1% fees many advisers charge.

Starting a business is never easy—and starting is only the first hurdle. There are many factors that can lead to unexpected financial loss, such as employee turnover, high insurance premiums and more. Running a business is always a matter of balancing potential risks against expected outcomes.

It’s hard for humans to admit to mistakes, but everyone makes them, especially when it comes to work. These can be rookie mistakes, business-building missteps or client headaches. We asked advisors across the country what mistakes they had made as an advisor, whether  related to investing, practice management or anything financial. Many were willing to share their stories, and how they changed their behavior going forward. These are mistakes that most advisors have made, most likely, but the key was how they corrected the problem and moved on.

Saving and investing for retirement is probably the single most important issue for the clients of financial advisors, and outliving their retirement funds is a primary worry. Despite these priorities, however, mistakes are made, often before a client even hires an advisor or afterward, when the client fails to follow through on the advisor’s recommendation or outright opposes it.

In the search for fixed income, financial advisors are looking beyond bonds to alternatives — from the commonplace to the more arcane. Some view certificates of deposit as an alternative to individual bonds in the current environment.

The stock market is known for its ups and downs, but when a major shift happens, many investors go into panic mode. As a financial advisor, you’ve likely received frantic calls from your clients during these times: Are their investments safe? Do they need to make changes to their portfolios? What does this mean for their financial future?