Articles in "Engaging Clients" category:

Taking Care of Caregivers

  Michael Lynch     Mon Nov 12 09:00:00 EST 2018 

For the 34 million Americans who provide care for someone age 50 or older1, the 7 day a week, 24 hour a day responsibility can be exhausting. They may be taking care of a spouse and/or one or more parents, sometimes while raising their own children. It’s a full-time job that they may be doing on top of their regular 9-to-5.

Being a caregiver is a physically, financially, and mentally challenging role. It can include being a chauffeur, a chef, a nurse, a housekeeper, and so much more.

November 13 is National Caregiver Appreciation Day, which is a good time for financial advisors to think about how to make their caregiver-clients’ lives easier. There are a few ways that financial advisors can help their clients who are already caregivers, or are primed to take the role in the future.

Powering Communication

  John Diehl     Thu Nov 01 09:00:00 EDT 2018 

Evolving technology, such as robo-advisors and do-it-yourself investment platforms, has made investing available to everyone, and has made it necessary for financial advisors to demonstrate value beyond investment picking. Luckily, financials advisors have the power of two-way communication; unlike technology, advisors have the ability to listen to their clients and respond by providing personalized solutions for living within their financial means.

From a recent survey of financial advisors, we found that communication between advisors and their clients is escalating, and that trend is expected to continue. In this vein, technology doesn’t need to be a threat to advisors, but rather a tool they can use to enhance their practice. Here are a few ways advisors can leverage technology to communicate more efficiently and conveniently with their clients.

The Upcoming Election: Forget How the Markets Will React, How Will Your Clients React?

  Bill McManus     Wed Oct 24 14:15:00 EDT 2018 

Picture this: you’re sitting on your couch engrossed in the newest media meltdown, and you glance out the window for a moment and think to yourself, “I should really go for a walk on this beautiful autumn day.” The thought passes, and instead you turn your attention back to the TV.

A recent survey shared that viewers of cable TV news watch 26,280 minutes of news a year1, which comes out to over an hour of news each day. And now that it’s election season, we can expect TV viewing time to ramp up, especially with networks planning to cover midterm election night as they would a Presidential election.

Are Ice Cream Cones in Your Clients’ Retirement Budgets?

  Michael Lynch     Thu Sep 20 10:00:00 EDT 2018 

There isn’t much that can compare to an ice cream cone on a hot summer day or early evening. Remember all those childhood summers spent at the beach or the boardwalk eating an ice cream cone, trying to finish it faster than it could melt and make a mess? Memories like these, of the little things in life that can bring a smile to your face, are the cherished moments we hope to have again and again.

Whether it’s going out for ice cream or engaging in another treasured pastime, I would like to be able to continue making those memories when I get older, and share those experiences with my spouse, friends, children, or grandkids. Many of your clients probably hope to be able to do the same, especially as they enter retirement and have more time on their hands.

A Future Based on Purpose

  Michael Lynch     Thu Jul 12 10:00:00 EDT 2018 

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I recently wrote a blog post discussing how to help your clients have a successful and fulfilling retirement, especially when considering the unpredictability of the future. After it posted, one of the comments suggested including the importance of philanthropy and giving back for having a fulfilling retirement, and I couldn’t agree more.

One of the most rewarding things retirees can do that can fill the calendar and the heart is giving back. As I’ve traveled the country, some of the happiest people I meet are dedicated to giving back—they have found a deeper sense of purpose and their lives seem more complete. There are several different ways to give back that can help your clients find purpose during retirement, whether it’s with money, time, or knowledge.