Manage episode 285243726 series 2834060
Wealth managers are usually focused on the cold, hard numbers of your estate. They want the best for your dollars and cents because they think that will keep you happy. However, it's this mindset that keeps them from ascending to the next level of wealth management.
In the third installment of Advance Your Wealth, Homer and Ryan investigate the key ingredient that makes good wealth managers great. It all comes down to the human element! If your advisor effectively understands your personal and professional goals for the future, they can cultivate a better strategy and ultimately preserve your wealth for generations to come.
So sit back, relax, and enjoy Homer's discussion surrounding his practices at Konvergent Wealth Partners and why your personal goals are just as important as the numbers on your spreadsheet.
2:28 - Why you should be demanding more from your financial advisor
3:50 - What is the missing link in the advising process?
4:45 - What the human element entails
6:08 - Why is the human element so important on the wealth management side
8:27 - Why Homer believes the human element plays a role during stress testing
10:40 - Instances where the stress testing process reveals no issues with the estate
12:30 - How Homer would select his personal financial advisor
15:00 - The importance of listening to the needs and concerns of the client
16:59 - The steps you should take today to get a great financial advisor
18:50 - Closing remarks
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