Hosts Jason L Smith and Bryan Bibbo along with special guest Dave Alison, CFP®, EA, BPC, President and Founding Partner of C2P and Alison Wealth Management, explore the intricacies of the holistic wealth management process through the widely acclaimed financial process, The Bucket Plan®.
Their discussion offers a comprehensive look into the first, crucial step of financial planning called the discovery phase. This episode is a must for anyone interested in gaining a deeper understanding of what to expect during the discovery phase of holistic wealth management and the value of holistic, personalized financial planning.
Key Topics Discussed:
- Introduction to the Discovery Process: Smith opens with the purpose of the discovery step in understanding clients’ financial goals and preparing a personalized plan.
- Role of Prosperity Capital Advisors: How the Registered Investment Advisory (RIA) firm JL Smith and Alison Wealth Management use, Prosperity Capital Advisors, offers support to advisors’ compliance, trading, reporting, and portfolio management to focus on client service.
- Importance of Tailoring Financial Plans: Alison emphasizes how personal finance is more personal than finance and should focus on the client’s specific needs, goals, and personal circumstances for effective planning.
- Navigating the Discovery Meeting: Alison discusses how he sets the agenda for discovery meetings, ensuring alignment of goals, and establishing a comfortable environment for open communication about financial aspirations and concerns.
- Pre-Discovery Consultation: Alison and Smith discuss the precursor to the discovery meeting, where advisors evaluate how they can serve potential clients and determine the appropriateness of proceeding to the discovery phase.
Stay tuned for future episodes describing each step of the holistic wealth planning process!
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