Reflecting on Purpose and Meaning in Financial Planning

In a discussion between Michael Kitzes and Carl Richards, the concept of self-transcendence in financial advising is explored. Clients often reflect on their achievements and question if material success is all there is to life. This reflection has been amplified during the pandemic, encouraging deeper existential inquiries. The episode delves into Bain's "Pyramid of Value" model, highlighting self-transcendence as the pinnacle, emphasizing the importance of moving beyond individual success to impact and serve others.