Abundance wealth counselors,raymond blanc kitchen secrets recipes pdf,workplace communication - Reviews

10.08.2014, admin  
Category: Manifestation Miracle Book

A Certified Wealth Counselor™ differs markedly from other wealth advisers because of the deep commitment to connecting the relational and the technical. The wealth counselor will frequently assume leadership in guiding a team that helps a family realize its vision and uphold core values.
While envisioning how each family member can most effectively exploit his or her assets to fulfill a personal calling and mission, the wealth counselor examines how to free up resources needed for education, business acquisitions, or other investments in building the most meaningful future. A trained wealth counselor will often have an integrated understanding of relational and procedural aspects of wealth planning. Through wise instruction, the wealth counselor helps leaders actualize their vision in a way that fosters productivity, economic remuneration, and non-financial rewards. The wealth counselor needs to review what the client has said about retirement security, transfers to heirs, charitable giving, and other key planning issues.
As discussions about wealth planning go deeper, the wealth counselor often uncovers disagreements (often emotionally-charged) about how legal documents and business instruments should be designed, drafted, and funded. This leadership requires team members that equip each key employee of the family business or heir to the family wealth with the skills needed to perpetuate the family's vision and values.
Leonardo da Vinci wisely commented, "He who is fixed to a star does not change his mind." The wealth counselor must therefore focus first on helping the successful family articulate the vision that guided the success.
To communicate value delivered at each level, the wealth counselor should oversee production of a valuable deliverable that clearly displays how the benefits at each level are greater than the costs. The family leader should desire that each beneficiary have the wisdom to build, manage, and transfer wealth at the right time to the right people.
The wealth counselor draws on relational skills to provide mentoring, wisdom, and inspiration for each family member who needs help in developing practical action steps to realize his or unique purpose. More important, the Certified Wealth Counselor can go beyond quantitative indicators of success to help family members experience the hope, joy, and other types of self-fulfillment attendant to developing financial maturity. While focusing on the over-arching needs and vision of the family, the wealth counselor must show appropriate sensitivity to each individual in the family system. Similarly, a skilled wealth Counselor must develop a clear set of documents to unite planning team members much like the architect tries to clarify plans for plumbers, electricians, stone masons, and other subcontractors.
At the same time, the wealth counselor must know how to translate the vision into financial statements, legal documents, project management timelines, or flowcharts that will guide technicians. Many clients also appreciate having their current plans analyzed to see how the current plan fails to achieve goals clarified in the Family Wealth Statement. Nonetheless, the wealth counselor must understand how governance principles apply differently in family leadership and business leadership. The wealth counselor may also catalyze success by helping family members identify and properly exploit intellectual capital, physical talents, social networks, and professional training.
While encouraging use of the many resources available to a client, the wealth counselor must guard against letting the availability of financial capital distract a client from fully developing non-financial resources.
Perhaps most important, the wealth counselor can look beyond narrow definitions of success used by too many technicians; instead, the wealth counselor helps define success in a way that helps the client retain control and ownership of the wealth planning process. The wealth counseling process is most effective when family leaders crystallize and articulate a clear vision and statement of core values.


Certified Wealth Counselors need relational and technical skills spanning twelve functional areas. An effective planning team should have experts who know how to develop all of the above sources of wealth for realization of the family vision while upholding the family's values. As the wealth counselor gains passport to work with the 2nd and 3rd generation, issues will arise that require a process different from that used for generation 1. The wealth counselor should integrate the planning instruments into a plan that displays all current and proposed planning tools on one flow chart.
When a family member seems too conflicted to participate in a constructive wealth planning process, astute advisers "peel the onion" to identify core assumptions that need to be clarified before planning team members can be in agreement.
Wealth Counselors frequently help family businesses address issues related to differentiation of the individual and the clarification of unified roles of individuals on a team.
The wealth counselor will usually start discussions about vision in private meeting with the family patriarch and matriarch.
Usually the 1st generation will engage the wealth counselor to clarify vision and help execute a plan.
Nonetheless, the wealth counselor will encounter many frustrated parents or spoiled and disobedient heirs.
In most cases, however, clients welcome assistance in clarifying their goals during a family retreat that leads to production of a Family Wealth Statement. Psychologists specializing in "sudden wealth syndrome" acknowledge that heirs, like lottery winners, tend to blow their windfall. If the client wants a more comprehensive process, the wealth counselor discusses a process that produces a comprehensive Family Wealth Blueprint®, which illustrates an optimal combination of strategies for minimizing taxes, increasing transfers to heirs, enhancing charitable giving potential, or achieving other personal or financial goals. This is because only a small minority of wealth managers have fully understood or applied the wealth counseling concepts below.
The wealth counselor can reaffirm a vision while helping individuals find a purpose consistent with the vision.
Even if these husband and wife stereotypes are not true in your situation, it is likely that your family members do not agree fully about wealth planning issues. The wealth counselor helps clients make optimal use of all their resources to realize a compelling vision.
Families trying to minimize taxes, transfer assets, or achieve other wealth planning goals will usually hire an expert to give technical answers.
When a family is engaged in maintaining or building wealth across the generations or across the branches of the family tree, they face many challenges related to analyzing opportunities in light of threats, exploiting strengths while managing weaknesses, pursuing a vision and mission while holding to appropriate quarterly objectives, and keeping the team focused on realizing objectives while helping each individual pursue the right strategic initiatives and tactical "to do" lists.
The wealth counselor knows that spouses or other family members have different perspectives. The wealth counselor handles dissonance differently depending on whether conflicts are rooted in peace-faking, peace-breaking, or peacemaking.
Summarizes ideas in a Family Wealth Blueprint® or similar document with integrated flowcharts, cash flow projections, and summaries of legal documents.
Whereas the traditional strategic planning process may focus on monetary indicators, the wealth counselor knows how to encourage a planning process that encourages services to others, contribution to teamwork, and other non-financial indicia of success.


In the private consultations, the wealth counselor can uncover hidden agendas, festering fears, or a myriad of other actual or potential "elephants in the living room." Until a family has a workable plan to fulfill a clear vision, decision makers may meet with the wealth counselor weekly.
If the client just wants to reduce taxes or achieve some other specific goal, the wealth counselor immediately discusses a relatively simple tactical plan or executive summary plan.
As any MBA student knows, accumulating wealth requires a systematic formal planning process to review Weaknesses, Opportunities, Threats, and Strengths ("WOTS") while clarifying the Mission, Objectives, Strategies, and Tactics ("MOST"). A Family Wealth Blueprint® ("FWB") is designed to articulate the vision and technical details in one document. The above paragraphs raise issues affecting everyone with wealth and many of their relatives and business associates as well.
The wealth counselor can therefore work effectively with family members to identify core issues rather than just the presenting issues that might distract technical experts.
Therefore, it is important that the wealth counselor continue to refer back to a statement of vision or values that will unite decision makers around a shared understanding of the structure being created. Nonetheless, the advice of an experienced wealth counselor can often help a family leader sharpen visionary leadership skills in a way that helps the family build unity throughout branches of the family and across the generations.
The wealth counselor looks beyond salary and financial benchmarks of success to help individuals execute a plan that results in spiritual fulfillment, emotional maturity, and inner peace. When more financial capital is needed to help build a team, a wealth counselor can provide recommendations based on knowledge of financial and tax planning instruments. A trained wealth counselor knows how to define the engagement with a client in a way that focuses necessary experts on fulfilling the client's paramount relational goals. Without proper wealth counseling, a family will typically have heirs who over-estimate or under-estimate assets available to them.
Dysfunction among heirs or other family members will often drive people to the wealth counselor's office as well. Most important, however, the wealth counselor adds value to the client relationship by affirming the family vision and helping each client understand his unique roles and goals in fulfilling the vision with passion. The majority of family wealth conflicts probably stem from actual or perceived inequalities in wealth transfer. Ideally, the wealth counselor can lead family meetings and individual sessions with family members to help each member of a family find meaning and purpose in the process of accumulating, maintaining or giving wealth. The most successful wealth counseling engagements often involve numerous private meetings with family members. Families will often first approach a wealth counselor for help with taxes or other financial problems.
Families that employ a Certified Wealth Counselor effectively can usually show millions of dollars of tax savings and other financial benefits.



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