The M.Q. Financial Life Planning 1-on-1 client meeting tools comprise our core set of materials. They provide the foundation for a truly life-centered practice that is characterized by meaningful client communications and successful, long-term relationships. Read more about these tools below.
Financial Life Planning® is a process that helps the advisor move his or her practice from financial transaction thinking to life transition thinking. The first step is to help clients “see” the connection between their financial lives and the challenges and opportunities inherent in each life transition.
In addition, the Financial Life Planning 1-on-1 tools will help clients to identify their values, needs, and priorities and to align their financial decisions with their goals in all areas of life. Intuitively, clients understand the wisdom of using their money to make a life rather than use their lives to make money.
The Financial Life Planning 1-on-1 Tools binder features a number of practice tools designed to enhance the discovery process, improve client/advisor communications, facilitate meaningful client meetings, and guide financial decisions that are appropriate to the circumstances, concerns, hopes, and dreams of the individual client.
These simple and fun questionnaires not only help the advisor to fully understand who the client is, their values, priorities, concerns, and aspirations but also help the client greatly raise their own level of self-awareness. Topics of inquiry encompass four different areas; Satisfaction and Values, Biography, Transitions, and Goals.
The Life Transitions Survey is one of the many tools available in Money Quotient's extensive suite of Practice Tools and can be used as a frame work for on-going Financial Life Planning meetings throughout the advisor-client relationship.
The Life Transitions Survey lists 52 specific life transitions in four categories: work, financial, family, and legacy. For the life transitions that apply to the individual client, he/she may select from three time-frame responses: “currently experiencing,” “anticipate short-term,” or “anticipate long-term.”
Each item on the survey has a corresponding two-page worksheet that will assist the client in understanding the challenges and opportunities inherent in each life transition. The client’s selections are inputted using our proprietary web-based software. This program compiles the appropriate worksheets into an individualized Life Transitions Workbook complete with customized coversheet.
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