Bryan D Beatty, CFP® AIF®
Join us for the Spring Symposium on June 9th at the Dulles Hyatt featuring 6 keynote speakers on topics such as Behavioral Finance, What Other Industries Teach Us About Investing, Politics & Legislation, Alzheimer’s and Dementia, Fixing Your Fixed Income and Navigating Elder Care and Health Planning Issues.
You may have recognized that your role as a financial advisor and/or CFP financial planner is more than just cash flow analysis, tax strategies and investment portfolio recommendations. Often you have to be a coach, a therapist, a counselor, and a friend. Often you spend more time on all these roles than on your planning and investment advisor roles.
Is your practice set up to handle this type of relationship management? Or are you still just doing the financial tasks like data gathering financial statements, and investment research and portfolio development?
Those are very important functions of your job and they have served you and your client’s interest well. They have gotten them to retirement in some cases, and in other cases they have provided a satisfying retirement with lasting income streams that have funded rewarding goals and family ambitions.
But now the clients are living longer and more are retiring every day and they are not as concerned about the trips and the family reunions and the charitable work they can do. They are really struggling with the psychological impact of retiring and living longer.
Will they be able to get their income to last in such a low interest rate environment safely? Who will help them to stay in their home and maintain their house? Who will be able to drive to them to doctors’ appointments? And help them make medical decisions? Are they able to continue those all-important relationships that help them find value and emotional support? Who will help them manage their day to day financial obligations?
Join us on June 9th for answers on to how to build your practice to evolve with the changing demographics and client needs.