As a professional committed to helping others achieve their financial goals, have you ever been frustrated by a client’s inability to follow through on a solid financial plan?
Have you found your clients acting in irrational ways or even sabotaging their financial future?
Would having a better understanding of how your clients approach and understand money improve your ability to assist them?
We all have an emotional relationship with money and this can cause people to act in unusual ways when making financial decisions. I believe that the financial planning industry is shifting to a model that takes into account a client’s personal, financial, and relational needs. This integrated approach will require that planners have a thorough understanding of an array of client needs and that planners are able to address all of the issues that can affect a client’s approach to financial planning. Utilizing the skills and training of a financial therapist, a licensed therapist with a solid understanding of financial planning concepts, will allow planners to most effectively address all of these needs.
How can a Financial Therapist support your practice? By facilitating more open communication and increasing our awareness of the client’s relationship with money, we can greatly impact the initial stage of the planning process – identifying client goals. By utilizing brief, solution focused techniques, the financial therapist can assist the client in taking a more effective and action oriented approach to their financial plan. This approach will ensure greater success in the, at times, challenging “implementing recommendations” step of the process. In addition, a financial therapist can provide education around stress management skills in order to reduce anxiety and ensure a client stays on track despite financial difficulties and challenges.
As a licensed professional counselor who has completed a financial planning certificate program, I am uniquely qualified to provide this support for your work. By working collaboratively with you, I can help you ensure that communication with your clients is optimal and that an individual’s or a couple’s conflicts in regards to their finances are effectively resolved. Addressing these issues early on in the planning process will allow you to effectively assist your clients in successfully working through all stages of financial planning.