Path to Abundant Living

Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.

In the second installment of Path to Abundant Living, Matt and Scott explore the key ingredient missing within most wealth managers and why affluent individuals should be demanding more out of their financial planning professional. 

It’s no secret that the affluent have access to the top financial professionals, who possess the highest levels of financial acumen attainable. However, in most cases, that isn’t enough to efficiently and effectively manage a client’s portfolio. In this episode, Matt and Scott highlight the importance of the human element and its role within their conversations with clients. Only by understanding the client’s core values and personal goals, will a wealth manager be able to develop the most effective wealth strategy.

So sit back, relax, and enjoy another enlightening conversation surrounding the client. By understanding what is most important to you, and what you hope to ultimately achieve your wealth, your wealth manager can begin to set you on the path to abundant living.

Timecodes:

00:06 – Introduction and overview on today’s episode

02:22 – Why those with significant assets should be demanding more from their wealth manager

04:00 – The missing link when it comes to a majority of wealth managers today

05:15 – What the human element entails

8:25 – Why the human element is so important within wealth management specifically

11:00 – How the human element is weaved into the overall stress testing process

12:40 – Instances where a stress test reveals no problems

14:06 – How to assess whether a wealth manager cares about the human element as a whole

17:21 – What Matt and Scott would look for when seeking out a wealth manager

18:28 – The discovery process at Morrison, Nordmann & Associates

20:10 – Other important aspects when it comes to delivering the human element

22:42 – Closing remarks

Connect with Scott Morrison and Matt Nordmann:

Website

LinkedIn

Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.

In the inaugural episode of Path to Abundant Living, we introduce you to Scott Morrison and Matt Nordmann, Managing Partners of Morrison, Nordmann & Associates, as they shed light on one of the most important financial conversations of all - the stress testing process.

Stress tests are an integral part of Scott and Matt's wealth management process and they are designed to evaluate whether an individual, family, or business's current financial portfolio is likely to generate the results they want and expect. Scott and Matt work with an array of clients, with varying net worths, and there are numerous lessons to be learned in watching the stress testing process be utilized throughout these different circumstances.

So sit back, relax, and enjoy and enlightening conversation surrounding the benefits of this process and how a stress test can be used to benefit your own wealth management strategy.

Timecodes:

00:06 - Show introduction and overview on the show

01:05 - Introducing Scott Morrison and Matt Nordmann

02:22 - What people can be doing right now to give them peace of mind about their finances?

04:10 - Why the stress testing process is so valuable

06:14 - The three main ways a stress test can be utilized

07:54 - An example of why someone was prompted to come get a stress test

10:15 - An example of how a stress test helped benefit someone's financial situation

13:08 - The keys to make sure a stress test is being done well

14:00 - How the human element comes into play during this stress testing process

15:56 - How Scott and Matt get into the heart of their clients' goals and values

20:00 - A lesson that can be learned from the super rich individuals

23:00 - What the stress testing experience looks like when working with Scott and Matt

27:27 - Final remarks

Connect with Matt and Scott:

Website

Facebook

LinkedIn