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Book of Stories 2.0: An Intergenerational Wealth PodcastIntergenerational financial planning is a huge challenge and opportunity, for financial advisers across the UK. Author: Citywire
Intergenerational financial planning is a huge challenge and opportunity, for financial advisers across the UK. In this three-part podcast series, we spoke to John Porteous at Charles Stanley, as well as three leading IFAs, to discuss how advisers can best handle the conversations that need to be had regarding the transfer of wealth. These musings are based on personal experience, but also on the findings of Charles Stanleys Book of Stories 2.0 project. This study is the follow-up to the original award-winning Book of Stories, which examines the various aspects that influence decisions regarding wealth transfers. In the podcast, we discuss how to engage younger clients and the role that technology can offer in making communication more efficient and effective. We also look at investment trends, such as the shift towards ESG, that might inform the discussions had with clients. We also look at the fundamental human nature of intergenerational wealth discussions. There is so much to consider, including culture, attitudes towards money, who to include in the conversation, and how to properly assess what financial legacy a client wants to leave behind. Just as importantly, we also account for the complexity of family relationships, and the instances where there is no desire to pass on wealth. While most financial planners are well aware of the value they deliver, this podcast also considers how we can communicate this value to clients, and how we can introduce new people to the planning conversation. The starting point of the planning relationship is examined too. There are many ways we can be proactive in seeking clients, and there is also good reason to make sure that we respond to client needs during key life events. With the above in mind, the impact of Covid-19 factors into the equation. Many people have taken this as a prompt to write a will or think properly about how they will pass on their wealth. Equally, peoples spending habits have changed, a number of people Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Looking at the bigger picture: Demographic shifts
Episode 3
Sunday, 17 January, 2021
The world around us is changing and intergenerational wealth planning should take this into consideration. Therefore, for episode three of the Book of Stories 2.0 podcast, Charles Stanley’s John Porteous and Citywire’s Ian Horne discuss demographic shifts with Sarah Lord, PFS President and Chief Client Officer at Succession Wealth. Here, we look at everything from increased life spans, to longer retirements, to cultural trends and property values. We also consider the things we can do to make younger people more aware of the many benefits of speaking to a financial planner.
