Rethink. Financial Advice

“There are some things that money can’t buy”. Is marketing success one of those things?In this episode, Adam Holt & Derek Notman invite Megan Carpenter, CEO & Co-Founder of FiComm Partners into the Rethink tank. Megan discusses what the future of marketing could look like. Along with the importance of establishing a target market. Megan discusses:Why you can’t buy long term marketing successThe importance of finding your niche marketHer unique perspective on the advice marketWhy marketing is the primary driver for organic growthAnd moreResources:Follow RethinkFA on LinkedInEpisode 9: Rethink: Advisor, Adviser or Advicer – featuring Michael KitcesEpisode 20: The Risk of Advisor Complacency Featuring Aaron KleinLinkedIn: Derek NotmanLinkedIn: Adam HoltConnect with Megan Carpenter:LinkedIn: Megan Carpenter LinkedIn: FiComm PartnersFiComm PartnersTwitter: FiComm PartnersTwitter: Megan CarpenterFacebook: FiComm Partners Hosted on Acast. See acast.com/privacy for more information.

Regardless of our profession most of us at some point find ourselves asking the question:If you could do it all again, what would you do?In this episode, Adam Holt & Derek Notman chop it up in the Rethink tank by taking questions live from financial advisors on everything from mistakes made to what they would do differently if they re-started their career journey. Raw and unfiltered, don’t miss this fun conversation where you are sure to learn a thing or two.Adam and Derek discuss:The importance of building an online brandPutting time and money into improving your business The understanding of who your brand and ideal clients areHow pivoting to a remote work model improves productivityAnd moreResources: Follow RethinkFA on LinkedInConnect With Adam Holt:Schedule an Asset-Map Demosupport@asset-map.com 888-664-8850Asset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapYouTube: Asset-Map Connect With Derek Notman:Schedule a Call with DerekConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek Notman  Hosted on Acast. See acast.com/privacy for more information.

Does timing matter when it comes to giving advice? So much of our lives are defined by age and time-related milestones. However, it would seem a lot of advisors aren’t as focused on being proactive when it comes to providing financial advice to their clients as we would like or expect. Some guidance is more relevant to times-of-life (think retirement, or college, or having a family), whereas others are driven by tax or legal deadlines.  In this episode, Adam Holt and Derek Notman are joined by Philipp Hecker, CEO of Bento Engine & Dr. Meg Lurtz, Ph.D. in Personal Financial Planning. They discuss the importance of being proactive in providing clients with financial advice. Meg & Philipp discusses:Being proactive with the timing of adviceWhy more advisors are focused on leading with advice than selling products The Jerry Maguire standard of care for clientsAnd More!Connect With Philipp Hecker:Linkedin: Philipp HeckerLinkedin: Bento EngineTwitter: Bento EngineBento EngineConnect With Dr. Meg Lurtz:LinkedIn: Dr. Meg LurtzMeghaan@Kitces.comKitces.comTwitterConnect With Adam Holt:Schedule an Asset-Map Demosupport@asset-map.com Asset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapConnect With Derek Notman:Schedule a Call with DerekConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek NotmanFacebook: Conneqtor YouTube: Derek Notman  Hosted on Acast. See acast.com/privacy for more information.

Are you a fake Fiduciary? The word “fiduciary” is thrown around a lot, but are advisors who use it, truly acting as fiduciaries or just marketing it? In this episode, Adam and Derek are joined by Tom Hegna. One of the most prolific industry speakers, Tom is considered by many an expert in Retirement Income and Security common sense! He sheds some light on the irony of the current attitudes towards “fiduciary” and sees a huge hole in most professionals' stories.Tom discusses:Where the financial service market is currently atWhy Fake Fiduciaries don’t look out for their client’s best interestAddresses why advisors survive less than 5 years in the insurance industryThe Importance of knowing the product you’re promoting at the right timeAnd More!Resources:Paychecks and Playchecks: Retirement Solutions for LifeRetirement Income Masters: Secrets of the ProsPaycheques and Playcheques: Retirement Solutions for CanadiansDon’t Worry, Retire Happy! Seven Steps to Retirement SecurityDon’t Worry, Retire Happy! Seven Steps to Retirement Security for CanadiansConnect With Tom Hegna:Linkedin: Tom HegnaLinkedin: TomHegna.comTwitter: Tom Hegnatomhegna.comConnect With Adam Holt:Asset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapConnect With Derek Notman:ConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek NotmanAbout Our Guest:Tom is an economist, author, and retirement expert. He has been an incredibly popular industry speaker for many years and is considered by many to be THE Retirement Income Expert! Hosted on Acast. See acast.com/privacy for more information.

Today’s fintech solutions are improving financial professional productivity by rethinking how they integrate technology available. And yet, advisors are telling us that they’re using legacy tools that are 5, 10 and 20 years old. Consider how this complacency is going to snowball as we move into digital-first consumer expectations.  In this episode, Adam & Derek welcome Aaron Klein into the Rethink tank. Aaron Klein is the CEO and cofounder of Nitrogen, formally known as Riskalyze, a company that invented the Risk Number®. Aaron has incredible experience solving problems before they are broken. We hear from Aaron on his perspective of the commitment to human advisors and their adoption of tech that really works in their practices.  Aaron discusses:The only strategy where human advisors beat robo advisorsThe importance of discussing risk with new and current clientsThe importance of finding the right tech, not all the techThe number of important insights that are only one-tech integration awayAnd moreResources:Follow RethinkFA on LinkedInConnect With Aaron Klein:Linkedin: Aaron KleinLinkedin: RiskalyzeTwitter: Aaron KleinTwitter: RiskalyzeRiskalyzeConnect With Adam Holt:Schedule an Asset-Map DemoAsset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapConnect With Derek Notman:Schedule a Call with DerekConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek NotmanAbout Our Guest:He is husband to Cacey Steward Klein, and dad to Spencer (born in South Korea), and Emma and Teddy (born in Ethiopia). Aaron and Cacey cofounded Hope Takes Root, an initiative to use vocational training and life mentoring to change the future for orphans and at-risk kids in Ethiopia. Previously, Aaron was elected as a Sierra College Trustee three times and served from 2004-2016. He consistently gives his PR people heart attacks by tweeting at @AaronKlein. Hosted on Acast. See acast.com/privacy for more information.

A digital tsunami is coming. This is your warning! The major changes that are coming to the financial (digital) advisor are going to be disruptive in ways we've never seen before.Adam Holt & Derek Notman welcome Jason Wenk, CEO and founder of Altruist, into the Rethink Tank to discuss the technology revolution and its inevitable impact on the financial advice market. Adam, Derek, and Jason discuss:The inevitability of a digital revolution in the financial advice industryHow to navigate the transfer of wealth to the next generationWhat it will mean to reinvent and spin up the flywheel, Amazon style. Transparency and putting prices on your websiteAnd moreResources: Follow RethinkFA on LinkedInConnect With Jason:Linkedin: Jason WenkAltruistConnect With Adam Holt:Schedule an Asset-Map DemoAsset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapYouTube: Asset-Map Connect With Derek Notman:Schedule a Call with DerekConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek NotmanTwitter: ConneqtorFacebook: Conneqtor YouTube: Derek Notman About Our Guest:Jason Wenk is a serial entrepreneur, fin-tech executive, writer, math geek, financial advisor (RIA), and investment systems developer. He is the founder of Altruist, the first fully-integrated digital brokerage platform for financial advisors, and FormulaFolios, a quantitative investment research firm.  Hosted on Acast. See acast.com/privacy for more information.

As a financial advisor, does the number of followers you have on social media matter? Well, if you’re trying to grow your advising business, the more people who hear your authentic voice the better, right? And, when it comes to social media, the growth potential is truly unlimited. But how do you start to build a following? What about compliance? In this episode, Adam Holt & Derek Notman are joined by Devin Banerjee in the Rethink Tank. Devin is the Editor at Large for business and finance at Linkedin. Together, they Rethink why having a following is so important for financial advisors and how you can start to build a following. Devin discusses:The ability of technology to elevate human serviceThe three major trends impacting the financial advisor market todayThe ABCDE framework for content creationGetting your authentic voice out there collaboratively with complianceAnd moreResources:Follow RethinkFA on LinkedInABCDEF youtube music video by GAYLE Holderness Family Authentic VLOGConnect With Devin BanerjeeLinkedin: Devin Banerjee This Week in Finance by Devin BanerjeeHuman Capital by Devin BanerjeeConnect With Adam Holt:Asset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapYouTube: Asset-Map Schedule an Asset-Map DemoConnect With Derek Notman:ConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek NotmanTwitter: ConneqtorFacebook: Conneqtor YouTube: Derek Notman  Hosted on Acast. See acast.com/privacy for more information.

Market-centric advisory practices are unsustainable. Developing a customer-centric model is therefore imperative to ensure long-term business sustainability.In this episode, Adam Holt & Derek Notman rethink what it means to run a sustainable advisory practice. Adam and Derek bring Joe Jordan into the Rethink tank to share his profound vignette phrases and wealth of experience in the power of attitude and perspective in delivering financial guidance.Joe Jordan discusses:The power in taking a client-centric approachThe advisor evolution from a sales culture to a service cultureThe importance of taking a story-first approach in advisingThe value in helping your clients find vocation in retirementAnd moreResources:Follow RethinkFA on LinkedInJoseph Jordan Stories (as mentioned in the Pod)Connect With Joe Jordan:Linkedin: Joe Jordan Connect With Adam Holt:support@asset-map.com888-664-8850Asset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapYouTube: Asset-Map Schedule an Asset-Map DemoConnect With Derek Notman:ConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek NotmanTwitter: ConneqtorFacebook: Conneqtor YouTube: Derek Notman Schedule a Call with DerekAbout Our Guest:Joe Jordan, inspirational speaker, and behavioral finance expert is the author of the award-winning book Living a Life of Significance (Acanthus Publishing, 2013). Formerly, Joe ran insurance sales at Paine Webber and more recently was a senior vice president at MetLife. He was responsible for retail product development and started their fee-based financial planning program and behavioral finance department. Joe is also a founder of the Insured Retirement Institute and has been featured on the cover of Life Insurance Selling magazine. Hosted on Acast. See acast.com/privacy for more information.

Is it possible that the biggest influence on investor outcomes is their own behavior? How can advisors quantify and help their clients capitalize on one of the biggest value propositions often unspoken.  Join Adam and Derek as they interview Dr. Daniel Crosby in the Rethink Tank for his unique and frank perspective on where advisors can add more alpha through behavior management.  Dr. Daniel Crosby is the Chief Behavioral Officer at Orion Advisor Solutions, a best-selling author and keynote speaker.Daniel Crosby discusses:How to quantify the value advisors haveThe implications behavior has on financial outcomeThe importance of trust in the financial advisor market How to win by out-competing on the human side of moneyAnd moreResources:Follow RethinkFA on LinkedInThe Behavioral Investor by Daniel CrosbyAdvisors add 2.88% in value, study findsConnect With Daniel Crosby:Linkedin: Daniel CrosbyOrion Advisors: Daniel CrosbyConnect With Adam Holt:support@asset-map.com 888-664-8850Asset-Map LinkedIn: Adam HoltLinkedIn: Asset-MapFacebook: Asset-MapTwitter: Asset_MapYouTube: Asset-Map Connect With Derek Notman:ConneqtorLinkedIn: Derek NotmanLinkedIn: Conneqtor Twitter: Derek NotmanAbout Our Guest:Daniel Crosby is the Chief Behavioral Officer at Orion Advisor Solutions. In this role, he is responsible for bringing behavioral tools, training, and technology to financial advisors to allow for the practical application of behavioral science. He is a psychologist and behavioral finance expert who applies his study of market psychology to everything from financial production design to advisor-client engagement. Daniel has more than 10 years of experience in the financial services industry and has published a number of bestselling books that serve as guides to building stronger advisor-client engagement with a focus on achieving better outcomes. Hosted on Acast. See acast.com/privacy for more information.

What do Life Planning and Dream of Freedom have to do with being a Fiduciary?  In this episode, Adam & Derek invite George Kinder to talk about the critical mindset of being a client fiduciary. George shares his perspective of how financial advice can help people find meaning, and how it starts with listening. George discusses:Shares how he views the financial advice market todayOpportunities that advisors are missing in the financial spaceActionable steps that advisors can take to use unleash fiduciary mindsetHow we can save the planet! And moreResources: Follow RethinkFA on LinkedInConnect With George Kinder:Kinder InstituteLinkedIn: Kinder Institute Twitter: Kinder InstituteFree book! @ GeorgeKinder.comLinkedIn: George D KinderTwitter: George D Kinder Hosted on Acast. See acast.com/privacy for more information.