In this conversation, I'm joined by one of my closest friends Samuel Deane. We discuss the evolving landscape of financial planning, emphasizing the importance of an empathetic approach that integrates clients' personal lives with their financial goals, and we contrast this with the future of financial advisory in the age of AI and the necessity for advisors to build trusting relationships with their clients.
We also explore the challenges of balancing work and family life, the significance of understanding clients' true desires, and the role of financial advisors as guides in the life planning process.
Takeaways
- The importance of building a fan base that benefits both the advisor and the guest.
- Integrating work and family life is crucial for personal fulfillment.
- An empathetic approach to financial planning can lead to better client outcomes.
- Understanding client goals requires asking the right questions.
- Life planning is essential for helping clients achieve their true desires.
- Investment returns matter, but happiness and fulfillment are paramount.
- Financial advisors should focus on building trusting relationships with clients.
- The future of financial advisory will involve more life planning and less traditional investment focus.
- AI can assist in financial planning, but cannot replace the human touch.
- Advisors should not impose their views on clients but guide them to their own conclusions.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Medal of Honor: Stories of Courage
Rewarded for bravery that goes above and beyond the call of duty, the Medal of Honor is the United States’ top military decoration. The stories we tell are about the heroes who have distinguished themselves by acts of heroism and courage that have saved lives. From Judith Resnik, the second woman in space, to Daniel Daly, one of only 19 people to have received the Medal of Honor twice, these are stories about those who have done the improbable and unexpected, who have sacrificed something in the name of something much bigger than themselves. Every Wednesday on Medal of Honor, uncover what their experiences tell us about the nature of sacrifice, why people put their lives in danger for others, and what happens after you’ve become a hero. Special thanks to series creator Dan McGinn, to the Congressional Medal of Honor Society and Adam Plumpton. Medal of Honor begins on May 28. Subscribe to Pushkin+ to hear ad-free episodes one week early. Find Pushkin+ on the Medal of Honor show page in Apple or at Pushkin.fm. Subscribe on Apple: apple.co/pushkin Subscribe on Pushkin: pushkin.fm/plus
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com