Here are four top tips to working with people and helping them with their wealth management plans.
It’s exit planning, not retirement planning- Whoever thought that the corporate ladder that so many people worked so hard to get to the top of would end up being their worst nightmare? Many clients in their late 30’s to late 40’s are not as worried about retirement as they are figuring out an exit plan from the job they have grown to hate and move into something that they love. Having other knowledge like using their 401(k) as potential funding for starting up their business is additional information that you will want to know in the future. Most of all, discuss work optional and exit planning versus retirement.
Bundle sets of services- For many making people, their own financial plan and asset management isn’t a competency issue, it’s a capacity issue. Time is the number one most important commodity. As family life, work life, and technology have stretched their time to the max, having a disconnected advisory relationship makes it more arduous for people to do their financial plan. Whether or not your firm offers it, having the ability to bring in CPA’s, attorney, and property & casualty professionals.
Life coach versus financial coach- Many of the clients you will bring aboard into your practice need much more than wealth management advice or a financial planner. Being skilled in understanding how to read job offers, benefits booklets, and overall business knowledge will be rewarded even more than being able to construct an asset allocation. You will want to brush up on understanding business entities, general day to day financial decision issues, and helping to plan for their parents’ and/or childrens’ long term care.
Marketing needs to be done through experiences- Most people can see right through the type of marketing where you impress them, even if you can get them in the seats. Try going to a website like Living Social (www.livingsocial.com) and looking at the experiences that you can recreate for prospecting or client appreciation events.
To learn more about how to approach wealth management and financial advising with a client go to http://www.leapwealthmanagement.com/wealth-management-in-dallas/.
Looking for the right financial planners in Dallas can be a tedious task. You have to be cautious and smart about your decision. Whatever company or team of financial planners in Dallas you pick are going to have access to your most personal information like account numbers, stocks, and social security numbers. Not to mention the fact that you’ll be trusting them with your financial future and the financial future of your family. Choosing wisely is essential.
First you should find financial planners in Dallas who have a good reputation. Ask around, get recommendations from friends and family, etc. Once you’ve narrowed down your search, how do you choose which is the right one for you? There are seven things you can ask to help you with this decision.
Here are the seven things you should always ask before choosing a financial advisor:
- How do you charge for your services and how much do you charge? There are a variety of different ways financial planners can charge you for their services. Some are commision based, meaning they’ll try and get you to purchase life insurance, asset protection, and etc. in order to make more money for themselves. This isn’t the best way to go for you, because they tend to be more interested in what money they’re making than what they should be doing with your finances. Finding a financial advisor who charges a flat rate or a certain amount for each service is best. You also need to find out things like if there’s an initial planning fee and if they charge a percentage for assets under management. Finding out how they charge for their services can give you an idea of their level of incentive for helping you.
- What licenses, certifications, and other credentials do you have? There are a few different types of certifications a financial advisor can hold. They are:
-CFP: Certified Financial Planner
-ChFC: Chartered Financial Consultant
-RIA: Registered Investment Advisor
- What services does your firm provide? You need to make sure their firm provides services that can be tailored to your needs. Certain financial planners in Dallas will specialize in certain areas that others do not.
- What types of clients do you specialize in? Just like with services, some firms focus on certain clients that others do not.
- Can I see a sample financial plan? You want a financial advisor who has one of these on hand for you to look at. A financial plan should be simple and to the point. It should cover all assets owned, expenses, investments, recommended action, and an overview of the plan. You shouldn’t see just one page or fifty pages. The usual financial plan should be between 4-8 pages long.
- What is your investment approach? You don’t want to end up with a financial advisor who takes risks with your money or one that isn’t skilled at investments. Find out their usual approach and see if they allow for your input or not.
- How much contact do you have with your clients? You’re not looking for a team of financial planners in Dallas who will call you daily, but a good firm will keep in touch in order to give you updates, ask your opinion on certain things, and let you know if anything has changed.
To learn more about finding financial planners in Dallas look here: http://www.leapwealthmanagement.com/financial-planners-in-dallas/
Do you need to sell a business? Are you looking to get top dollar for your business and you’re afraid if you sell on your own you won’t get what you deserve? That’s why you need a licensed business broker in New Orleans like someone from Better Business Brokers.Their licensed and professional brokers are the best in the industry and will get you the absolute highest price for your business.
All you have to do is call today and you can speak to a business broker in New Orleans from Better Business Brokers and get the best representation you could hope for. Why choose a business broker instead of selling on your own? Well, there are a few reasons.
Business owners generally get around 60% less for their business than they would if they’d chosen a licensed business broker to handle their sale.
Some business owners selling without a broker won’t sell at all.
Better Business Brokers close 98% of the offers they write at the highest price.
A professional business broker in New Orleans will deal with all the difficult paperwork and formalities for you. At Better Business Brokers they even screen potential buyers before you have to be bothered with them at all.
You can count on this company to provide you with a professional and reliable business broker who will get you top dollar for your business. Don’t risk doing it yourself and getting less than you deserve. You’ve worked hard for your business and what you make from selling it should reflect that. Let Better Business Brokers get you what you deserve, what your business is really worth. Call today to talk to a professional business broker in New Orleans!