As financial advisors, we often experience the privilege of being among the first to be called when a spouse passes, when a child enters rehab, or a parent moves into memory care. In these difficult life transitions, how are you showing up? Do you jump to the quantitative solution, or do you hold space for […]
Life Transitions
Help Your Clients Make the Most of Their Regrets
In his latest book, The Power of Regret: How Looking Backward Moves Us Forward, Dan Pink flips regret on its head. Rather than looking to the emotion as a catalyst for guilt or shame, the book focuses on the best of what regret can do for perspective: provide the opportunity to make smarter decisions. Advisors […]
The Pandemic has Changed Perceptions of Wealth & Well-Being
At Money Quotient, we frequently point out that a successful financial planning practice is built on getting to know and understand your clients. We also emphasize that this objective can only be met through exploring each client’s unique “frame of reference.” There are many other terms for this concept—such as perspective, world view, and mode […]
We Can Do Better Than “New Normal”
As nature starts to show signs of a changing season, here we are, again. The pandemic continues to upend plans we thought we made in confidence just a few months ago. School leadership is trying to adapt. Businesses continue to explore hybrid models to serve their customers. We have all found ways to marry the old […]
Your Client is an Adult – Treat Them Like One
At the end of a thorough financial planning engagement, an advisor hands their client a beautiful spiral-bound packet of information and says, “Here is what you need to do to accomplish your goals!” Three months later, they are exasperated with a client who hasn’t implemented any of their recommendations. If this sounds familiar, you’re not […]
Get Out of the Waiting Room: Designing Your COVID Life
Life is a continuum, an accumulation of experiences that makes us who we are and influences how we view ourselves and the world around us. As we review these experiences, we realize that our lives are constantly and continually permeated with change. Therefore, how we choose to respond to and initiate change can have everything […]
Reflections in the Time of COVID-19
The current global pandemic and resulting economic uncertainly have had a profound effect on our sense of safety and control. As individuals, we are looking for ways to protect ourselves and our families, and as financial professionals and business owners, we are looking for ways to support our coworkers and guide our clients. The […]
Retirement in Metamorphosis
The concept of retirement is undergoing a metamorphosis. Demographic, societal, and workplace trends have all converged to offer a stage of life that is much more fluid and flexible than what most of us previously imagined. In fact, retirement has become a matter of personal definition. Adding fuel to the fire of retirement reformation is […]
Five Trends will Redefine Retirement for Your Clients
Life is a continuum—an accumulation of experiences that shape how we view ourselves, our families, and our world. And, when we reflect on these experiences, we come to realize that our lives have been and will be permeated by change. Of course, the same is true for your clients as well. Therefore, it is […]
Nurturing Resilience
Everyone experiences both expected and unexpected transitions in their lives. However, those who are resilient are better able to navigate change, bounce back from disappointment, and welcome new opportunities. They persevere during difficult times and have a positive outlook even when experiencing trials and tribulations. Fortunately, resiliency is a trait or personal characteristic that […]