Craig Marcott likes ballroom dancing so
much he penned a book on it.
A magical moment is created when two people begin to
communicate on the dance floor by moving together to music, according
to Craig Marcott, CFP, of East Patchogue, N.Y. He would like more
people to experience that moment, which he has come to treasure, and
has written a book to try to pass some secrets along to those who might
be afraid to attempt social dancing.
Ballroom and swing dancing is a hobby, but one which
Marcott says he is passionate about-almost as passionate as he is about
his specialized financial planning business, which he only recently
started, in which he helps parents and guardians of people with special
needs plan for the day when they will not be around to care for their
handicapped loved one. He was thrown into both situations almost by
accident.
Fifteen years ago, Marcott saw an advertisement in a
local newspaper for swing dancing classes where no partner was needed,
in the nearby Long Island town of Port Jefferson. "On a cold, wintry
Tuesday in February, I forced myself out of the house to go to the
lesson and it turned out to be a wonderful experience," Marcott
remembers. "Dancing began as an effort to master a simple set of steps
and it became magical."
Not married and without a current steady girlfriend,
Marcott finds social dancing a perfect way to meet people and
socialize. "It is not the singles scene. Women don't have to worry
about getting hit on. Once I learned some steps, women were asking me
to dance with no ulterior motive. It was just three minutes on the
dance floor. It made me realize that so many guys are missing the boat
on something wonderful," Marcott says.
Starting as a beginner, Marcott stuck to swing
dancing for several years. He hurt his hip and could not dance for a
while, and the timing coincided with the time when the president of the
swing dance club wanted to dance more and plan less. The swing dancers
asked Marcott to take over the presidency of the club, and he made his
mark by bringing dance instructors from New York City out to Long
Island. A few years later he branched out to ballroom dancing.
"It's harder for men to get started than for women,
because we have to learn the footwork and the hand motions to lead the
moves at the same time," Marcott says. "But once you learn it, it may
be harder for the women. A friend of mine said it is perfect training
for women in life, because they have to guess what a man is going to do
before he does it."
Marcott has had such a good time dancing that he has
penned a book, Three Minutes of Intimacy: Dance Your Way to a
Sensational Social Life, available on Amazon.com. Written in 1995
almost as journal, the book sat in a drawer for years until a friend
asked what had happened to it. After going through two more drafts and
undergoing review by outside editors, he self-published the book in
2000. He interviewed several instructors for the book, with the aim of
making beginners feel comfortable getting on the dance floor.
"Craig wanted to bring people who did not know how
to dance into it, because it is great socialization. He wanted them to
feel comfortable, and I think he succeeded," says Peg Rinaldi, his
sometime dance partner who he used as a resource for the book. "His two
worlds, financial planning and dancing, feed off of each other because
what you do in dancing is build relationships and network. He is even
thinking of having a dinner dance to raise money for handicapped
causes."
Marcott has since drawn his sister into dancing, and
the experience has enabled both to expand those contacts beyond the
wooden dance floor. "My sister, Sue, was invited on an airplane ride
recently, and I recently spent the day on a friend's boat where we were
all dancers," he notes. Marcott says his financial planning work and
the creation of his dance book have similar goals.
"In both cases, you want to get the fundamentals
down so that you can feel comfortable," he says. "On the dance floor
you want to feel confident. In life, if you are caring for a person
with special needs, you want to feel comfortable that they will be
cared for after you are gone."
Marcott came to the specialized practice of life
planning for caregivers of special needs children and adults through
his brother, Scott, who has Down syndrome. Marcott, the oldest of four,
has a brother, Keith, in addition to his sister, and the youngest of
the family, Scott. Marcott had been in hospital sales but found he did
not want to travel for work any more and began looking for something
different.
"After my father died my mother developed a
wonderful back-and-forth relationship with a financial planner. It was
really 'life planning.' The financial advisor helped my mother live her
life to the fullest, even though my mother had only the minimum amount
of assets that the financial planner would accept," he says. That
beneficial relationship prompted him to move to financial planning even
though, he says, "In the beginning I did not know the difference
between a load and a no-load fund." But his relationship with his
mother's network of friends, many of whom are caregivers for special
needs people because of her work with a local association for the
handicapped, led him to carve out his special niche.
"I am not really looking for wealthy clients. I want
to help those who need to deal with the fact that they may not always
be around to take care of a loved one with special needs," Marcott
says. When his mother died, Marcott became his brother's guardian and
cared for him until Scott moved into a residential home near East
Patchogue two years ago. Then one day when Marcott was at a conference
on autism, he began chatting with a father who said life would be so
much easier if he did not have to worry about his son outliving him.
"That is what kept him awake nights. A lot of times
people do not have a plan in place, so I help them go through the
process, because I have been there. You think you know what will
happen, but you are never really ready for all the things that are
going to hit you. When our mother died, we were all sad, but Scott's
eyes glazed over with terror because he was defenseless. He asked us,
'Who is going to cook for me?' I went from being Scott's brother to
being his guardian, but many families do not have a plan in place for
that transition. In New York, most adult-based services are based
around Medicaid, but many advisors don't realize that.
"I frequently feel like the ghost of Christmas
future. I try to create a vision with my clients of what they want for
the special needs person in the future, and we go through a process: If
you do this, this will happen," Marcott says. "Our planning is usually
a lot more emotional than normal financial planning situations, and it
occurs over a number of sessions. I ask clients, 'Do you really want
your child to have to deal with your death and with relocation at the
same time?' Leaving a disabled child or adult is one of the biggest
fears a parent can face, so we find alternatives and give people some
control over the situation. It is a lot like learning to dance. You
learn the fundamentals and choreography, so you can achieve an end
result and feel comfortable and confident."
Marcott says he works backwards with clients,
starting with where they want their child to end up and then seeing how
to get there. "I also always recommend we draft a letter of intent," he
advises. "This is not a legal document, but gives all the information
about the special needs person. I tell clients to pretend they are an
angel sitting on the shoulder of the next caregiver for the special
needs person. What would you want them to know? That is what you put in
the letter."
The minor frustration Marcott is facing now is that
starting a new, independent financial practice takes time away from his
dancing. He was dancing more in the 1990s than now, although he hopes
to get back to doing more soon. He would also like to explore dance as
a therapy for handicapped people.
Is there another book in the offing? Maybe. If it
materializes it will be titled, I am Scott's Brother. "That is my
identity to many people, even in the financial world."
The Fred Astaire Of Advisors
October 1, 2006
« Previous Article
| Next Article »
Login in order to post a comment