February 2022 Issue: Our Clients need a Skilled Team to help them Implement their Plans-Our Clients need a Skilled Team to help them Implement their Plans by Alexandra Baig

Our Clients need a Skilled Team to help them Implement their Plans by Alexandra Baig

Pdf Summary

In this article, the author discusses the importance of collaboration and teamwork in financial planning. The author emphasizes the need for professionals with different skills and expertise to come together to support clients in implementing their financial plans. The author mentions various professionals that can be instrumental in this process, including estate planning attorneys, CPAs, insurance professionals, money managers, investment advisors, and business attorneys.<br /><br />The article also highlights the importance of vetting and selecting professionals who are trustworthy and dependable. The author suggests conducting thorough research, reading reviews, setting up appointments or virtual meetings, and clearly communicating expectations when selecting professionals to join the team.<br /><br />When introducing clients to other professionals, the article suggests helping clients understand the skills and expertise that the professionals bring to the table and offering personal introductions. It is also important to ensure that clients feel comfortable and have a good working relationship with the other professionals.<br /><br />In instances where a client is not satisfied or facing difficulties with a professional, the article advises helping the client recognize the problem and disengage from the professional if necessary. It is important to support the client in finding another specialist who can better meet their needs.<br /><br />Effective communication is emphasized as a crucial aspect of coordinating with other professionals. Clear and concise communication, including signed consent forms, is necessary to facilitate direct communication between professionals. Three-way meetings involving the financial planner, client, and other professional may be helpful in some cases.<br /><br />Overall, the article emphasizes the importance of teamwork and collaboration in financial planning and stresses the benefits of a well-coordinated team of professionals in successfully implementing clients' financial plans.

Keywords

collaboration

teamwork

financial planning

professionals

skills

expertise

trustworthy

dependable

vetting

selecting