Kinder Institute of Life Planning on LinkedIn: "When our vision is passionate and strong, obstacles energize us and… (2024)

"Regardless of whether or not they’re a holistic planner, almost all financial professionals believe holistic planning is growing, with 53% that said there will be moderate to extreme growth."A study from eMoney measured opinions from financial professionals to gain insight into the current state of the industry regarding holistic financial planning. The study further explains that 90% of financial professionals struggle with at least one barrier to holistic planning. Are you worried that you’re missing out on the client-centered trends of a shifting industry? Many financial planners grapple with offering services that truly resonate with clients on a personal level, beyond just figures and forecasts.

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If you had 24 hours to live, what would you regret around money?George Kinder and host Martin Higginson discuss his money story, explore what money means to him and how underlying values can shape our money choices. In working with clients and training financial life planners, Kinder invites reflection on life values first and money second. This can transform how we think and act around money.Listen now: https://lnkd.in/gmPuFNaK

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"You can’t take it to the grave, so you might as well spend it when you’re alive.""Money doesn't grow on trees.""A penny saved is a penny earned."We have all heard these sayings about money and understand that money is a deeply personal and emotional topic. However, traditional personal finance frequently overlooks the inherent biases that naturally form around money.Many financial planners struggle to provide services that genuinely address these biases, by going beyond numbers and forecasts and helping clients translate their emotions into action.Here are five ways to effectively guide your clients through these potential obstacles:🔎Identify Behavior: Help clients recognize and manage their financial behaviors and biases. Guide them in making decisions that align with their long-term goals, even when emotions are running high.🧠Understand Their Aspirations: Get to know your client's goals and dreams. Creating personalized financial plans that align with their aspirations increases the relevance and effectiveness of your advice.👂Practice Active Listening: Take the time to genuinely listen to your client's concerns, fears, and goals. Avoid interrupting or waiting impatiently for your turn to speak. This will enable your clients to express their true feelings and perspectives.🤝Show Empathy: Acknowledge your clients' emotions and validate their experiences. This builds trust and helps you understand their emotional drivers.🧩Create Personalized Financial Plans: Tailor financial plans to each client's unique situation and emotional needs. Incorporate their values and goals to make the plan both meaningful and motivating.

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Aloha from Hana, Hawaii! Escape the chill of February and journey to a slice of paradise.Discover a once-in-a-lifetime experiential training designed for life planning professionals eager to expand their financial planning practice and make a profound impact on their clients' lives.Learn more: https://lnkd.in/eXEWEi2Z

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"If emotions can bring out the darker sides of people and change the course of history, imagine how much impact they can have on your day-to-day life, including your finances. Examining how emotions influence your thoughts and actions can better equip you to make emotionally well-grounded financial decisions."City National Bank explains that although wealth planning is driven by facts and numbers, it's important to take into account feelings and beliefs about money. Money is intensely personal, so as wealth is accumulated it's important to work with a financial advisor who can dissuade clients from making detrimental, emotionally driven decisions. While wealth planning is primarily based on facts and figures, it is equally crucial to consider your emotions and beliefs about money. At Kinder Institute, we understand the emotional component of money and empower financial planners to guide their clients to uncover their deeply held, often emotionally driven aspirations and then craft financial strategies to support the lives they long to live.

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Have you ever made these mistakes in your financial planning practice?By recognizing these missteps and taking action to improve your business, you ensure that your services align with your clients' best interests. Practicing effective communication and listening skills will yield personal satisfaction, clients for life, and a profitable financial planning practice.

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For 35 years, George D. Kinder has been dedicated to guiding individuals in uncovering their deepest values and leading more fulfilling lives with the ultimate aim of promoting greater freedom in every aspect of existence. In this episode of Journey To Launch, host Jamila Souffrant and Kinder explore the significance of living in the present and taking control of one's life. They discuss George's famous Three Questions designed to help identify goals and priorities, and how answering the "having 24 hours left" question can reveal what you’ve missed in life.Watch now:

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🧠 A study from Vanguard assessed the relative significance of emotional (trust and personal connection) versus functional (portfolio management and financial planning) aspects of well-being outcomes in financial advising.The researchers found that emotional components made up nearly half of the overall perceived value of the advisory relationship.While technical expertise in managing portfolios and planning finances is essential, the emotional connection and trust built between an advisor and their client are equally crucial.At Kinder Institute, we recognize the importance of this balanced approach. Through life planning, we train advisors achieve better client outcomes and foster stronger, lasting relationships.Interested in learning more about #lifeplanning? Join us for a free information session on integrating a life planning approach into your practice, the steps to earn the Registered Life Planning® designation, and more!Register here: https://lnkd.in/ecem8F6E

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