Secrets of Successful Advisors℠ with Ken Haman

Ken Haman sits down with consultant CJ McClanahan to discuss the challenges that his high-achieving clients have with finding meaning and purpose in their lives. Many successful people struggle with a sense of emptiness after they have realized their goals for wealth and success, and CJ offers some practical insights for how an advisor can work more effectively with people who have reached this important milestone in life. To get in touch with CJ McClanahan, go to CJMcClanahan.com  and to learn more about finding the right non-profit to get involved in supporting, go to Generosity-First.com Note to All Readers: The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this podcast. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor’s personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates. The [A/B] logo is a registered service mark of AllianceBernstein, and AllianceBernstein® is a registered service mark, used by permission of the owner, AllianceBernstein L.P. © 2024 AllianceBernstein L.P.

AB’s Advisor Institute has developed a rich library of principles adapted from the Behavioral Sciences to support the commercial success of retail financial advisors.  In this podcast, Ken interviews Grant Kunkle, one of AB’s Region Managers who works closely with advisors to help them with the practical challenges of executing AB AI strategies in their businesses. Note to All Readers: The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this podcast. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor’s personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates. The [A/B] logo is a registered service mark of AllianceBernstein, and AllianceBernstein® is a registered service mark, used by permission of the owner, AllianceBernstein L.P. © 2024 AllianceBernstein L.P.

The podcast explores the implications of narrow framing on individuals and families who accumulate wealth and how advisors can use this understanding to work effectively. It talks about the challenge of standing out as a financial advisor and highlights the importance of understanding the prospect's needs and interests. The podcast also discusses the experience of wealth and how it impacts conversations with wealthy prospects. It emphasizes creating a meaningful experience for clients by triggering an emotional reaction and understanding their anxiety around money. Additionally, it explores the universal experience of financial struggles and anxieties and the unique needs of wealthy individuals.

Financial advisor Rob Miles shares the importance of listening to clients' needs, emphasizing the power of actively exploring their hopes, dreams, and fears. Slowing down and allowing clients to reflect on their financial lives can redefine the advisor-client relationship, lead to tears, and open up more opportunities for solutions. Advanced listening skills positively impact advisors' businesses. The podcast delves into the significance of listening, strategies to enhance it, and the transformative experiences it brings.

The annual client review is one of the best times for a financial advisor to strengthen client trust and support retention. To reach its full potential, an annual client review meeting should be distinct from a typical portfolio performance review, and advisors should have an explicit plan for how to deliver their message. In this episode, Ken Haman, Managing Director of AB’s Advisor Institute, details how to develop and execute an effective client review. Note to All Readers: The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this podcast. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor’s personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates. The [A/B] logo is a registered service mark of AllianceBernstein, and AllianceBernstein® is a registered service mark, used by permission of the owner, AllianceBernstein L.P. © 2023 AllianceBernstein L.P.

Learn how a gifting capacity analysis can benefit wealthy families by addressing wealth transfer and philanthropic gifting decisions. Discover the importance of effective communication with centers of influence and presenting complicated ideas with the help of financial planning software. Find out how the analysis can reduce tension in wealthy families and open up new referral advocates for financial advisors.

Discover the power of using wealth-management checklists in financial advising, including how they can enhance the overall client experience, attract new clients by showcasing advisor expertise, and serve as an effective marketing tool. Learn about the benefits of utilizing checklists, such as managing complexity, demonstrating understanding, and prompting meaningful conversations. Explore the Alliance Burnstine Advisory Institute's wealth management checklist and additional resources.

The podcast explores the psychological challenges faced by newly wealthy clients, why they become controlling, and the difficulties advisors face in gaining their trust. It also discusses the concept of locus of control and the importance of engaging with these clients to guide them through the transition to wealth management.

The podcast discusses how checklists can help wealthy clients understand and manage their complex financial situations. It explores the use of checklists in the client experience, the benefits of using checklists in advisory practice, and the importance of providing visual representations of financial complexity. The podcast emphasizes the role of advisors in understanding clients' perspectives and addressing their unique challenges.

Exploring the importance of goal setting in managing high-performance teams in the financial advisory industry, including the significance of qualitative goals, team growth, and performance goals. Also, discussing the accountability of senior advisors, challenges faced by new generation rain makers, and the importance of setting performance goals for teams.