Whether you are an experienced professional or just starting your financial services career, there is an opportunity to learn... IARFC Trustee Chair and CEO, H. Stephen Bailey, Ph.D. MRFC®.
MIDDLETOWN, Ohio (PRWEB) May 28, 2020
The White Paper suggests that an extensive checklist of wealth preservation tools combined with the consultant’s ethical and fiduciary duty to determine the clients’ unique circumstances, can provide a balanced approach towards meeting their goals. Through reflective discussion, the consultant can ascertain the emotional challenges that accompany the critical fact finding. This basic foundation on how to guide clients through a discussion on their changing circumstances can minimize these unsettled feelings that surface when making financial decisions.
The White Paper warns against a “micro approach” which could result in missing critical planning consideration and causing inefficiencies or lost opportunities. It further discusses the discovery process and the importance of establishing this fundamental premise from which to construct a valid wealth and preservation plan.
To further explain his intentions in this paper, Starr shares “the importance of having reflective fact finding conversations to help facilitate alignment between a client’s heart and mind in the planning process so they plan from the heart and act with the mind in a manner that supports their unique desires and proceed forth with decisions that serve their overall best interests.”
The Table of Contents reviews the following: “How To” Toolbox, Reflective Conversation, Client Education, Cash Reserves, Wills and Trusts, Life Insurance, Annuities, Other Protection Vehicles. These are considered components in the overall roadmap to their financial model.
“Our White Papers are aimed at giving the consultant a piece of knowledge and making them think about how to approach their practice differently, “explains IARFC Trustee Chair and CEO, H. Stephen Bailey,Ph.D., MRFC®. “Whether you are an experienced professional or just starting your financial services career, there is an opportunity to learn.”
The White Paper Preserve and Protect Clients’ Wealth can be downloaded free of charge by going to the IARFC Store. For more information on the IARFC and all the White Papers it has to offer, visit http://www.iarfc.org.