In this insightful session, clinical psychologist Dr. Joy Lere discusses the delicate distinction between financial advice, coaching, and financial therapy. Drawing on her background in psychotherapy, Dr. Lere explores the emotional, relational, and psychological dynamics that often underlie clients' financial decisions. Advisors frequently encounter situations where clients express deeply personal concerns, such as financial anxiety, family conflict, or trauma related to money. Dr. Lere outlines when and how financial professionals should address such issues, as well as when it is appropriate to refer clients to mental health professionals. The session introduces the concept of financial therapy as an emerging field, blending emotional and financial well-being. Dr. Lere shares practical guidance for advisors navigating these sensitive conversations, providing scripts for referring clients to therapists without causing offense. By understanding the emotional impact of money, advisors can more effectively serve their clients' holistic well-being and foster stronger, trust-based relationships. Participants leave with a clearer understanding of how to identify the signs that a client might benefit from therapy and how to approach the topic professionally.
In this 60-minute session, participants will explore the psychological barriers that prevent clients from spending money, even when they have the financial means to do so. Financial advisors often focus on helping clients avoid overspending, but there is another side to the coin'clients who struggle with spending due to financial anxiety, trauma, or deeply ingrained habits. This workshop will delve into the underlying causes of this behavior and provide advisors with tools to help clients find a healthier balance. Attendees will learn strategies for understanding the emotional roots of spending fears, navigating social perceptions of wealth, and facilitating productive conversations about self-worth, life transitions, and identity. By the end of the session, advisors will be equipped with practical techniques to validate client experiences, educate them on their financial capacity, and encourage them to live a fulfilling life without the fear of running out of money.
This 60-minute session focuses on enhancing the communication skills of financial advisors during introductory calls. Participants will explore key strategies to build trust, foster open dialogue, and navigate through the psychological aspects of client and advisor communication. The session covers techniques to reduce client anxiety, identify key pain points, and align expectations effectively to ensure successful client onboarding. Through real-world examples and actionable tips, participants will gain insights into structuring calls that lead to deeper client relationships, clear next steps, and increased engagement. By leveraging a client-centered approach, advisors can create comfortable, transparent, and productive conversations. The session concludes with practical advice on follow-up strategies, using psychological techniques such as motivational interviewing to move clients forward in their financial journey.
In this 60-minute session, participants will explore the complexities of raising financially responsible children in an era of abundance. Designed for financial advisors and parents, the workshop examines the psychological and emotional challenges families face when discussing wealth with their children. Topics include setting boundaries, instilling financial discipline, and teaching children to differentiate between needs and wants. Through practical insights and nine key principles, participants will learn strategies to help clients navigate the balance between providing for their children and raising them to be independent, resilient, and financially literate. The session emphasizes the importance of having age-appropriate conversations about money, modeling healthy financial behaviors, and encouraging stewardship and generosity in children. Advisors will leave with tools to guide parents in creating a long-lasting legacy of financial responsibility and mindfulness for the next generation.
This 60-minute session explores how storytelling can transform the financial advisory process, helping advisors connect more deeply with their clients. Led by experts in behavioral finance, the workshop highlights the critical role stories play in shaping client identity, decisions, and long-term financial behavior. Participants will learn how to integrate storytelling into their practice to enhance client relationships, improve communication, and provide more personalized financial guidance. The session introduces advisors to the 'hero's journey' narrative structure, showing how clients are on their own financial journey, and the advisor's role is that of a guide or 'ghostwriter.' Advisors will explore strategies for encouraging clients to articulate their money stories, reflect on key life transitions, and make meaning out of financial decisions. By the end of the session, participants will be equipped with tools to apply storytelling techniques that foster trust, engagement, and empowerment in client interactions.
This 60-minute session explores the nuanced relationship between financial goals and personal fulfillment, offering financial advisors a deeper understanding of how goals shape client behavior and decision-making. The workshop, led by Tim Maurer, delves into the psychological underpinnings of goal-setting, revealing why goals may not always serve clients as effectively as expected. Advisors will learn how to move beyond traditional goals-based financial planning by addressing clients' deeper motivations and values, creating more personalized and meaningful financial plans. The session discusses practical strategies for helping clients connect their financial goals with their core identity and purpose, emphasizing the importance of understanding both the 'why' and the 'how' behind goals. Advisors will also gain insights into techniques such as anti-goal setting'focusing on what clients want to avoid'and how this can serve as a powerful motivator. This session equips advisors with tools to enhance client engagement, elevate the quality of financial conversations, and foster long-lasting relationships built on purpose-driven planning.
This 60-minute session dives into the concept of "time affluence" and its crucial role in enhancing clients' overall well-being and satisfaction. Financial advisors often focus on monetary wealth, but time affluence'the feeling of having enough time for important life activities'can be just as vital for personal happiness. This session equips advisors with tools and techniques to help clients rethink how they allocate their time and money to maximize their sense of time abundance. Participants will explore the relationship between time and money, the traps that create time poverty, and strategies for encouraging clients to trade money for time. Practical case studies will be discussed to show how financial planners can coach clients toward making more fulfilling life choices. Attendees will leave with actionable insights to help clients build a balanced approach that combines financial wealth with a richer sense of time freedom, creating a life of purpose, contentment, and joy.
This program will review a varied menu of topics, which in the author’s subjective view, are important, relevant, technical, practical, and/or thought-provoking to estate planning professionals including attorneys, accountants, trust officers, financial advisors, and philanthropic advisors.
Investment portfolios should be rebalanced. This is a commonly understood concept of investment management. Advisors less commonly have a chance to take a step back and consider what rebalancing is, how often it should be done, or if this practice is actually benefiting the client. In this webinar, Michael E. Kitces, MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL dives into these questions and sheds light on the practice of portfolio rebalancing, the rationales of rebalancing, and the practicalities of executing these portfolio maintenance activities. Kitces then explains the concept of tolerance band rebalancing to create a system for rebalancing, considering the complexity of multi-asset-class portfolios and the specific needs of different types of clients, such as savers and retirees, and asset types.
In this session, advisors will receive an update on charitable giving trends and then delve into the considerations for what assets to donate, who can receive charitable donations, how to donate, and when to donate to maximize charitable deductions. The nuisances of Qualified Charitable Distributions (QCDs), Donor Advised Funds (DAFs), charitable trusts, and private foundations are discussed. The session concludes with suggestions of topics to discuss with clients on family philanthropy.