Institute for Innovation Development

Carroll Golden’s invaluable book is a thorough step-by-step guide for #caregivers and an excellent resource for financial advisors on how to engage family members with effective and productive #conversations essential to developing a #longtermcare plan. “ You only have two choices when it comes to caregiving: plan or panic…The lack of a plan can tear a caregiver’s life apart…This book will help families overcome objections that relegate extended care planning to stressful crisis planning.” - Carroll Golden As a leading expert and evangelist on the topic of Caregiving in the U.S. and the potentially devastating ramifications on a family’s finances and emotional cohesiveness, Carroll Golden’s latest book discusses and strategically compiles lists, resource links, funding sources, and planning options that are readily available for caregivers and their advisors. The book’s immeasurable value comes from Carroll Golden’s expertise on the topic of caregiving and her work at NAIFA that allows her to keep up-to-date on important legislation, proposals, studies, task forces, and initiatives that impact individual and family extended care planning. As she states, planning for extended care is not something you can just Google. #financialservices #holistic #comprehensive #financialplanning #engagement #planning #extendedcare https://lnkd.in/eTF7CBDN

Our interview with Rocco Pellegrinelli Pellegrinelli, CEO of Swiss-based #investment #analytics firm Trendrating offers pragmatic perspectives and an overview of his performance management platform designed to help professional investment managers - across all investment styles and methodologies - beat their benchmarks and passive fund performance. As a #performance management partner for active managers, his firm provides advanced #alpha discovery analytics, market intelligence, and #riskmanagement solutions as added research and an overlay to a manager's current investment process. #financialservices #investing #research #process #innovation

Our interview explores #financial #businessmodel #innovation through advisors integrating proactive tax planning and mitigation services to differentiate their value proposition, deeply engage clients, and capture new assets. Our discussion with Erik R. Flegal Managing Director of Family Fortune Financial LLC and CEO of affiliated firm Fortune Tax Alliance, LLC walks us through his business thought process on developing his tax-forward financial business model and how he presents his tax mitigation services to establish a “win-win,” noninvasive tax alliance with the client’s other advisors. Financial services business models are rapidly evolving and generating intensive introspection for advisors to determine what they specifically do for their clients and how they want to be perceived in their communities. The expanding #holistic #financialplanning movement and the growing threat of rising #taxes in #retirement are vital factors that challenge the traditional distinction between #wealthmanagement advice and #accountant/ #CPA tax services. #financialservices #practicemanagement #taxmitigation #taxplanning #businessstrategy #growth #competitiveadvantage

?Our interview explores #financialplanning in the context of delivery in a Volatile, Uncertain, Complex, and Ambiguous world and how the future of #wealthmanagement may well be in advisors embracing simplicity. A thought-provoking discussion with Jason L Smith, CEP?, BPC, Founder & CEO of C2P Enterprises and JL Smith Holistic Wealth Management who is the author of "The Bucket Plan: Protecting and Growing Your Assets for a Worry-Free Retirement" and the Bucket Plan? Best Interest Process for advisors. He explains his goal to simplify the often complex world of financial planning for greater #client #engagement and #results - to improve the lives and state of mind of his clients - and the practical steps that advisors need to take to actualize that. #financialservices #businessmodels #practicemanagement #engagement #strategy #bucketplanning

Challenging the entrenched industry #businessmodel of employer group health insurance is a massive but doable endeavor that is being driven by smaller, but dynamic industry players. These entrepreneurial players have been emerging armed with a decisive and purposeful #mindset to become a catalyst of change. To provide an important case study on how to transform a well-established financial industry business model, like group health insurance, we interviewed Steven Guilfoile, CEO of AffordaCare Insurance - one of the largest nationally recognized group #healthinsurance agencies in the country. For over 14 years, he has been working to break the old #employeebenefits model and help #businessowners make smarter decisions about what they and their #employees are getting for their money. Steven also offers his best advice to business advisors working in the employer benefits marketplace on how to competitively position these new options and benefits and help their business clients of all sizes to take back control of their employee benefits programs. #financialservices #healthcare #insurance #smallbusiness #benefits #grouphealthinsurance #CHAMP https://lnkd.in/eTrCT42M

Our interview explores the changing dynamic of financial services #practicemanagement and #businessdevelopment #growth in a business environment of accelerating and compounding change for advisors, asset managers, and wealth management firms. Eric Sheikowitz and Michael Silver co-leaders of the FLX Business Accelerator offered through FLX Networks explain how the role of practice management and business development efforts take on a whole new urgency and purpose in our changing business environment and why that led them to build a "Business Accelerator" model for the industry. They firmly believe a new imperative has emerged towards a growth #mindset and a core reliance on modern business #strategy. #financialservices #business #operations #engagement #innovation #growthstrategy #growthmindset #assetmanagement #advisors #wealthmanagement https://lnkd.in/eQBDJZxu

An important advanced #financialplanning tool application and resource has just been created to help advisors provide vital support for their retiring, retired, and "sandwich generation" clients who are caregivers for family members and other loved ones. Kudos to our Institute Founding members Carroll Golden, Executive Director, NAIFA Centers of Excellence, Limited & Extended Care Planning Center and H. Adam Holt, CFP?, ChFC?, CEO and the whole team at Asset-Map on building this "Caring Conversation Stencil" on the Asset-Map financial and life planning software platform. It was crafted with precision to assist advisors in mapping out all possible financial implications of caregiving scenarios, provide resource suggestions, offer conversational strategies, and allow for a more holistic approach to #retirementplanning that is often overlooked in traditional financial planning processes. I'm offering a link here to my previous interview with Carroll Golden that details and alerts advisors of the scale and severity of the hidden threats to retirement and severe financial consequences behind what Carroll calls the "shadow" #caregiving system and economy that needs to be addressed and integrated into proactive, holistic retirement planning: https://lnkd.in/ef5RT_fF I'm also providing a link for you to join Asset-Map and NAIFA for an exclusive webinar highlighting the brand-new “Caring Conversation” Stencil to learn how this revolutionary tool is integrated into the Asset-Map software platform, enhancing the toolkit available to financial advisors. This innovation aims to provide advisors with the means to offer comprehensive and holistic financial planning solutions, encompassing short-term, long-term, and extended-care scenarios. - This is a must-watch webinar! https://lnkd.in/e35r7gZH #financialservices #business #advice #innovation #AdvisorTech #WealthTech #practicemanagement

Continuing our Institute article series on the hidden threats to #retirement, in this article we explore the emotional and economic heart of?providing short-term and extended care across?family?generations that has created a “shadow” #caregiving system – one that is not formally organized and is populated with individual family members or extended friends or partners with no real training or knowledge about the vast body of available support. To better understand the scale and complexity of this challenge and the critical role that financial professionals can play, we reached out to Carroll Golden, speaker, best-selling author, and Executive Director of NAIFA Centers of Excellence, NAIFA_Limited & Extended Care Planning Center. As a leading expert and evangelist on this topic, Carroll points out that it is painfully clear that many families and their #financialadvisors are unfamiliar with the evolving needs or personal dynamics involved in short-term, extended, or #longtermcare until it is too late and there becomes a need for crisis planning. There is a need for planning tools and resources for financial professionals to access in order to help clients deal with the physical, emotional, and financial impacts of their caregiving journey. Luckily, we explore some of those resources that are available to you to proactively bring to your clients and their families at a time that may be most needed for them! #financialservices #advanced #holistic #comprehensive #financialplanning #retirementplanning #riskmanagement https://lnkd.in/ef5RT_fF

How an online financial educational platform for both retail investor #financialliteracy with advisor search and financial advisor practice #growth was purposely designed to develop into one community geared towards financial action & positive perceptions of the financial services industry. An insightful industry case study and thought leadership interview with Brian Thorp, Founder & CEO of Wealthtender - a leading online retail investor #personalfinance site and a financial professional discovery platform - that offers: - investors the #1 independent digital retail investor #education and find-an-advisor platform with nearly half a million people visiting wealthtender.com looking for financial guidance. - financial advisors and #wealthmanagement firms top-rated digital #marketing services and the industry’s first #SEC-compliant online #testimonials / #reviews platform. Of greatest importance is Brian Thorp's call to the industry to consciously address retail investor trust issues and build positive #perceptions of the value of financial advisors advice and the financial services industry. Key mentions: The AGC? - Advisors Growing as a Community Taylor Schulte, CFP? Justin Castelli, CFP? Diana Cabrices Haley Marx #financialservices #engagement #perception #trust #financialadvisors #practicemanagement #growth https://lnkd.in/egzQ5kFd

In this first article of our new “AI FinTech in Wealth & Asset Management” series we talk with Nathan Stevenson CEO of ForwardLane Inc. - a leading AI WealthTech firm to explore the deep-seated issues around #transparency and #trust in #AI #FinTech and the dynamics at play to address them. Transparency and trust are core to his firm's?values and ethos and they have earned recognition as a Certified Transparent? organization. Nathan will be sharing his in-depth knowledge and experiences on his continuing journey of applying AI in financial services for sustained growth and ROI. #financialservices #business #operations #engagement #innovation #WealthTech #assetmanagement #distribution #RIAs #financialadvisors https://lnkd.in/eXgsdyQC