It’s hard to believe, but 2016 is rapidly coming to a close. With the chaos that year-end brings, the last thing anyone wants to worry about is their finances. Consequently, this time of year can be a good opportunity for financial advisors to come through for their clients by proactively offering solutions to some common pecuniary conundrums. The following are some discussions financial advisors may want to consider having with their clients.
Bill McManus Thu Jun 18 10:00:00 EDT 2015
In the first two parts of the “Rule of –ates” series, I talked about the importance of considering the social habits of your millennial clients and what recreational activities they enjoy. Now I want to talk about educate—why it can be significant for financial advisors to know about where and how their millennial clients received their higher education.
Education amongst Gen Y (millennials) can be a great source of pride and connections, and also angst. By opening up the discussion around where and how your younger-generation clients were educated, you may be able to find meaningful ways to be impactful in their lives. When meeting with millennial clients, make an effort to ask questions about their alma maters. Not only can you learn more about these clients, but you can also find out important information that you can use later.
Michael Lynch Tue Jun 09 10:00:00 EDT 2015
I recently wrote a post suggesting that financial advisors do a simple exercise with their clients around the topic of their employer-sponsored retirement plan. After finishing the exercise, follow it up with a meaningful retirement discussion, to help them understand why you introduced the exercise and how it pertains to them and their future.
There are a few important factors I would highlight when talking to your clients about what to do with their retirement savings when they leave their place of work: