HOW TO GIVE CLIENTS THE BEST CONVERSATION OF THEIR LIVES.

by Ellie Duncan

How many financial advisers think of themselves as life planners? 

George Kinder, founder of the Kinder Institute of Life Planning, believes advisers’ assumptions about their role have been shaped by providers and their focus on financial products.

He explains: “If you think about the history of financial advice it really started with insurance and providing widows, who were devastated with the death of their working husbands, with a way of funding their lives. Life insurance was sold. It was a sales process. 

Read full article here…

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LIFE PLANNING GURU GEORGE KINDER LAUNCHES NEW BOOK

by George Kinder

Life planning guru George Kinder has launched his new book and a wider conversation which aims to established ‘a golden civilisation’.

Mr Kinder, founder of the Kinder Institute of Life Planning, hopes the project provokes and inspires revolutionary economic theories, mindfulness, and participatory democracy.

He said: “Anyone can do this. Everyone should do this.

“This is how we bring democracy back to the people.

Read full article here…

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FINANCIAL ADVISORS: ARE YOU AN EXPLAINER, ELUCIDATOR OR ENCHANTER?

by Tim Maurer

Not all financial planning—or financial planners—are equal.

The Certified Financial Planner™ Board has done much to standardize a substantive base level of knowledge for aspiring advisors. But the value of knowledge is vastly diminished without the ability to inspire understanding.

This is where organizations like the National Association of Personal Financial Advisors (NAPFA) and the Financial Planning Association (FPA) have helped advisors bring their knowledge to life in the form of understanding, encouraging the employment of second-order thinking on behalf of our clients.

Read full article here…

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George Kinder's Seven Stages of Money Maturity is Featured on the Wall Street Journal's Top Financial Reads for the Summer

 

 

Nearing retirement? Consider George Kinder’s “The Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life,” says Jake Engle, a certified financial planner at Wealth Planning & Management in Vancouver, Wash. “Kinder provides questions and answers to help people deal with what retirement is really like,” Mr. Engle says, and it isn’t just about the money—it also helps readers “understand that work isn’t your identity and that freedom is a great thing.”

https://www.wsj.com/articles/the-financial-books-that-should-be-on-your-summer-reading-list-1531101961

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Voices Legacy building: Are advisors up to the task?

Helping clients leave a legacy is one of the more difficult, and nuanced, challenges facing a financial planner.

With many retirees having accumulated significant wealth through their workplace retirement programs, and through real estate, there are more families passing on wealth to their heirs. Where historically most retirement income was generated through pensions and disappeared at death, 401(k) and IRA retirement plans have the capability of securing wealth for generations to come.

Sometimes married couples aren’t on the same page; sometimes a single client has no family but still wants to leave a positive impact; and sometimes clients simply don’t know what they want to do. Rest assured, you can help in each case.

https://www.financial-planning.com/opinion/how-to-help-clients-leave-an-impact-after-theyre-gone

 

Financial Planning

by Dave Grant

April 3, 2018

Financial Planning
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Three Life Lessons I Learned When My Wife Died at Age 32

With Valentine’s Day this past week, most people’s focus was on hearts and flowers as they considered ways to show their love.  It’s too bad that estate planning and life insurance — arguably the most appropriate gifts for a loved one when you really think about it — will not even remotely enter the mind of the vast majority of the people who need it most.  By the way, if you’re reading this post that means you if you haven’t already taken care of them.  

As previous readers know, last year my wife Sarah passed away after a long illness.  She was only 32.  We had been married for just under five years.  There’s nothing quite like the loss of a spouse at a young age to make you step back and think.  I’ve been doing a lot of journaling and reflecting over the past six months and here are some of the three most important things I’ve learned.  I hope that by sharing my story I can help encourage you to think about these things and take action if needed.  

by Daniel

Click here to read more...

FINANCIAL SERVICES INNOVATOR GEORGE KINDER AWARDED TRANSPARENCY TROPHY

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Kinder Institute of Life Planning

Chris.Booth@KinderInstitute.com

FOR IMMEDIATE RELEASE

October 3rd, 2017

Boston, MA – George Kinder, father of the Life Planning movement in financial planning and founder of the Kinder Institute of Life Planning is the latest recipient of the Transparency Task Force’s Transparency Trophy for his decades-long dedication to increasing authenticity and consumer-centric thinking in the financial services sector.

The Transparency Task Force, a UK based group committed to bringing together professionally-minded individuals and ethically-led organizations, presented the award at their first United States event in Boston’s Financial District on September 28th. The Transparency Trophy was created to honor those in the financial services sector who seek to expose and correct the predatory opacity that exists within the financial industry.

From the Transparency Trophy award description:

“The Transparency Task Force awards a Transparency Trophy to individuals who are helping to 'lead the way' towards a more transparent financial services sector. They and their organisations are key to demonstrating exemplary behaviour to the rest of the market.”

Andy Agathangelou, founding chair of the Transparency Task Force, is in talks to expand his organization’s symposiums to major cities throughout the United States. He can be contacted for comment by email at Andy.Agathangelou@transparencytaskforce.org

George Kinder is currently booking speaking events across the United States and the United Kingdom in anticipation of the release of his new book A Golden Civilization which addresses how to create a civilization that thrives with freedom for all for thousands of years. He begins with the economic and political crises of our time and the concomitant distrust of financial advisers and politicians. Ranging from media to leadership to markets and democracies and with a core focus on financial advice, Kinder looks for the systems and structures that could sustainably produce a Golden Civilization for thousands of generations.

In November, Kinder will be delivering training courses to financial professionals who wish to join the 3000 advisers in 30 countries on six continents who have already earned the Registered Life Planner® designation. Information on details and registration can be found at www.kinderinstitute.com/events. You can also find him at the Personal Finance Society Festival of Financial Planning highlighting a panel of Life Planners speaking about “Implementing true Financial Life Planning.” Registration for the Festival of Financial Planning can be found here: http://www.pfsfestival.org/.

4 Must-Dos Before Retirement

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I've seen too many people get too late a start on these four essential retirement checklist items.

By EVAN T. BEACH, CFP®, AWMA® | Campbell Wealth Management
September 2017
There is a laundry list of financial items you should tackle before you retire. After meeting with several hundred people who have recently retired, or are about to, I have concluded that the vast majority of people are not overthinking it. In fact, I met with two people last week who told me they had just retired and were now ready to plan. Try to avoid that sequence. Click link to read  more.

http://www.kiplinger.com/article/retirement/T023-C032-S014-4-must-dos-before-retirement.html

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“The Whole Financial Planning Process is Wrong” Expert Says

George Kinder article

 

“The whole financial planning process is wrong,” says George Kinder, widely recognized as one of the chief educators and influencers in the financial planning profession.

But what exactly does he mean, and how does he justify this bold statement?

First, let’s separate the work of financial planning into two different elements--let’s call the first quantitative analysis and the second qualitative analysis.

 

Read full article here.

 

Honoring the man who forever changed the financial planning profession

“Richard B. Wagner, one of the genuine original thinkers of the financial planning profession, died (in March) from injuries suffered after a fall. In over 30 years, Wagner, George Kinder, Roy Diliberto and a small group of other advisers conceived the financial life planning movement and expanded the frontiers of an emerging profession. During that period, financial life planning was transformed from an esoteric aspect of what advisors did into the mainstream.”

 

http://www.marketwatch.com/story/honoring-the-man-who-forever-changed-the-financial-planning-profession-2017-05-19

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George Kinder's Latest Article in FP Today! Kinder: Chartered and Certified both unsustainable

If you want my contemporary take on the designations, I think both CFP and Chartered are impressive as far as they go. With great respect for each, my personal preference is toward the CFP with its dedication to actual planning and its more holistic approach.

Having trained advisers from 30 countries, I also greatly value its global reach. I do carry a bias, holding the CFP designation myself, although no longer active as a practitioner. Frankly, I think both designations are fine.

But my perspective is no longer a contemporary one. I have been deeply troubled by the crises in economics and democracy we have seen across developed civilization over the past ten years, and the attendant diminishment of trust in the institutions we have assumed bring freedom into the world.

 

Click here to read the full article.

Guest blogs from around the world: George Kinder UK and USA

FP Advance

I first met George Kinder a few years after arriving in the UK. His Life Planning movement has provided a new and exciting guiding framework for advisers who are committed to delivering transformative advice to their clients, all around the world.

As I wrote about in a recent blog The Experience Revolution, it’s the firms that are able to institutionalise a transformative advice process that will retain their relevance and margins in the face of disruptive threats. If you’re looking for a methodology and philosophy to help you achieve this goal, then George and his Kinder Institute should certainly be on your radar. Read more

http://www.fpadvance.com/guest-blogs-kinder/