With the U.S. Open recently crowning its champions, I’ve had tennis on my mind. I imagine that for most people, when they think about the sport of tennis, they’re not thinking about how much in common it shares with financial planning. Maybe at first glance, one might think I’m referring to the financial gains one might benefit from by doing really well and succeeding at each of these disciplines. However, what I’m referring to instead is that in both tennis and financial planning, strong ... [Continue Reading]
Articles and resources related to Financial Advisors.
In my 20 years of working as a wealth advisor for hundreds of high net worth families, I have found facilitating family meetings to be one of the most meaningful and impactful things I do. An effective family meeting opens up the lines of communication regarding a family’s shared values around money and wealth and can become an unforgettable family bonding experience paying dividends for many years into the future. Taboo Topics Handled With Care We live in a society where conversations ... [Continue Reading]
For nearly 20 years, I’ve had the privilege of working with clients to create financial plans that are designed to help them achieve their life goals. In this time, I have found that experience is the greatest teacher. I have learned so much by going through multiple market cycles and working with a wide variety of individuals and families, each with their unique set of circumstances. Periods marked by significant market volatility and economic uncertainty, most especially the Global Financial ... [Continue Reading]
What image does a “family meeting” conjure up for you? Do you think of your childhood when your parents would ominously announce, “It’s time for a family meeting!” or maybe it’s your spouse asking, “Does this incident warrant a family meeting?” In our home, one form of a family meeting occurred when my husband and I had casual discussions with our three kids over dinner when we would say something along the lines of, “We have something important to talk about.” I recently asked our young adult ... [Continue Reading]
Looking around, whether in a restaurant, an airport or even on the beach, you may be observing more and more people out on their own—or perhaps with a group of friends. There are many ways one might be taking note that one of the largest growing demographics globally is single people. 1 This shift in demographics can also be seen here in Minnesota. In 2017, whether by choice or circumstance, 41% of women in the state over age 29 were widowed, divorced, or not married. 2 A single status may ... [Continue Reading]