Wealth Planning Corporation的动态

That feeling you get when you know you’ve got the best wealth management ?rm setting you up for success now, and for every upcoming milestone in your future.

Winning the Gold: Overcoming Barriers in Succession Planning for Financial Advisors ?? As 37% of advisors prepare to retire, managing $10.4 trillion in assets, a staggering 25% are still without a succession plan. Advisors know this stat.? Advisors know the value of planning. Advisors know how to maximize outcomes. ?? Advisors deserve a gold medal in planning for their clients, but why aren’t they going for gold planning their own succession? ?? It is more than a spreadsheet and valuation. It confronts the advisor’s next chapter. It can surface psychological barriers. Psychological Barriers to Succession Planning: 1?? ?????Fear of Change ? ?Many advisors are resistant to the idea of stepping away, fearing the unknown and potential loss of identity. 2?? ?????Procrastination ? The complexity of planning something so close to home can lead to avoidance, with advisors putting off discussions until it feels too late. 3?? ?????Overconfidence ? Some believe they can do it forever and handle the transition at the last minute, underestimating the time and effort required for a successful exit. Why Start the Succession Conversation Early? 1???????Maximize the Outcome ? Early planning allows for strategic enhancements, increasing the practice's value for potential buyers or successors. 2???????Smooth Transition ? Starting the conversation now ensures a seamless handover, maintaining client trust and service continuity. 3???????Identify the Right Successor ? Engaging in discussions early helps identify the ideal successor, ensuring alignment with your vision and values.

Ever wonder about how professional wealth management can benefit you?

Financial planning is more than just numbers. It's about cultivating your visions for your life goals and finding multiple paths to achieve them. Planning with clients is one of my favorite parts of my job!

When you Fail to Plan, you Plan to Fail.?At HighView, discovering the true purpose of the money and planning for the unique needs of the client is first and foremost.

In wealth management, trust is everything. It’s the reason clients stay. Beyond strategy and returns, clients want someone who: → Understands their priorities, challenges, and goals → Delivers a personalized experience → Focuses on what matters to them Whether it’s legacy planning or funding a passion project, show clients you’re invested in their unique goals. Spend time discussing life plans, not just balance sheets. This shows clients they’re more than just an account to you. Clients need someone who’ll guide them through all stages of wealth-building, not just market highs and lows. This is how you build trust. And it’s the foundation of any successful advisory relationship. To truly earn it, make every client feel like they’re your priority—because they are. What's your top tip for deepening client trust?

Discover how addressing emotional and personal needs in wealth planning can strengthen client relationships and enhance long-term success. Read more on the softer side of wealth planning here: https://hubs.la/Q02TfZgy0 #WealthManagement #ClientRelationships

Come join me for a webinar hosted by FBKG where I will be discussing how you can integrate life planning conversations with a simple concept for managing household cashflow in a way that motivates action.

You use a wealth manager or you are thinking of using a wealth manager. If so, why? It doesn’t matter which wealth management firm you choose, but if you were asked to articulate why, could you do it? What criteria did you apply to make the right choice for you? And why is it important to know?