Seeking Support From The Advisor Community
Finally, we know we can’t take this on alone. We need your help. To build alignment across the industry, Next Chapter seeks use for:
• Alignment and integration of financial wellness. Who is including health with wealth?
• Service model solutions for incorporating health-care planning and wellness
• Scoring of client conditions in health and wellness topics
• CFP and “fiduciary” interpretation of advisory role in wellness and health
• Delivery of wellness information and tools in the retirement plan market
• Product efforts and offerings, e.g., Raymond James “Longevity Wheel”
Raymond James’ McAleer believes that achieving a FW industry standard offering that is easy to understand, access and implement will require teamwork and, above all, alignment. “We are successfully working alongside competitors and product providers within the financial services industry to ensure continuity for the past year within the Next Chapter initiative. For example, it has been gratifying to work with potential partners, such as Eversafe in the caregiving and elder fraud prevention arena. We have done this successfully at Raymond James as we continue to build our stable of longevity planning resources.”
If you or others at your advisory firm can provide details on any of the above scenarios based on your work with existing clients, please contact Steve Gresham at [email protected].
“The broadening of our dialog with clients to include all topics of financial wellness will allow us to reframe our value proposition to clients away from driving investment results to ensuring that their entire financial lives are managed effectively. Let’s do this together,” says Gresham.
*Working for the greater good, a group of more than 30 industry leaders built Next Chapter—a think tank/take action team focused on retirement. It’s sponsored by the Execution Project, Financial Advisor and the Money Management Institute, and we are working on behalf of the MMI’s 180+ member companies and FA’s 200,000+ advisors.
David Conti is a New Hampshire-based writer, editor and content marketing consultant. Previously, he was editor at Fidelity Wealth Management and now writes about personal finance, retirement and wealth topics.