Advisor's Edge 10/14/24

Advisor's Edge

October 14, 2024

newsletter-title

Trivia Question❓

Which fee structure is commonly used by RIAs?

Answer at the bottom of the newsletter

                                                                                                                   

Crisis Communication Strategies: Supporting Clients During Market Downturns

Crisis management and communication are critical for Registered Investment Advisors (RIAs) during market downturns or personal client crises. Effective communication can help maintain client trust, reduce anxiety, and ensure clients feel supported during challenging times.


Strategies for Communicating During a Crisis


1. Proactive Communication: Anticipate client concerns during market downturns and reach out proactively. Inform clients about market conditions, potential impacts on their investments, and the measures being taken to manage their portfolios. Regular updates can prevent misinformation and anxiety.


2. Personalized Outreach: Tailor communications based on individual client needs and preferences. A phone call or personalized email can make clients feel valued and understood, fostering a deeper sense of trust.


3. Transparency and Honesty: Be transparent about the situation, including any challenges the firm or clients may face. Honesty builds credibility; clients appreciate straightforward communication over vague reassurances.


4. Educational Resources: Provide clients with educational materials that explain market dynamics and investment strategies. Empowering clients with knowledge can alleviate fear and help them make informed decisions.


5. Empathy and Support: Acknowledge the emotional impact of market fluctuations or personal crises on clients. Demonstrating empathy can strengthen relationships and reassure clients that their advisors care about their well-being.


6. Reassessing Goals: Use the crisis as an opportunity to revisit clients' financial goals and risk tolerance. Engaging clients in discussions about their long-term objectives can refocus their perspective and enhance their confidence in your guidance.


By implementing these strategies, RIAs can navigate crises effectively, maintaining strong relationships with clients and fostering resilience in challenging times.

                                                                                                                   

You Are Invited!

Make Your Funeral A Teaching Moment 


Stan Miller is a nationally recognized estate planning attorney, a #1 Amazon best-selling author, the co-host of the Your Life Your Legacy podcast, and one of the cofounders of Wealth Counsel, the largest estate planning software program used by estate attorneys.


On this educational lunch and learn, Stan will share:


Your death is an occasion to share your wisdom, life lessons and some of the stories of your life many people don’t know.


This is an opportunity that should not be wasted.


The people who are most important in your life will be there. Their children, and perhaps their grandchildren, will also be there. For a few hours, you will be the focus of their attention. You can make this a powerful teaching moment.


Register now and learn how to Make Your Funeral A Teaching Moment


Your lunch instructions will be in your confirmation email and text, so make sure to enter your correct email and cell phone numbers. 


Date: Thursday, October 24th, 2024


Time: 12-1PM Eastern


Place: Zoom


Register here

Attention High Income Professionals & High Net Worth Business Owners:

Are you tired of watching your hard-earned income vanish into taxes every year?


If you’re a business owner or a high-earning professional

you know the frustration of sending checks to the IRS.


But what if I told you there’s a legal, proven strategy that could help you reduce your taxes by up to TEN times your investment while still earning a targeted 18% annual return on your money?



It may sound too good to be true, but it’s a strategy that’s transforming how high-net-worth individuals like you approach their finances, and it’s backed by a little-known sections of the IRS tax code: Section 168k and Section 179.



But here’s where it gets even better this isn’t just about tax savings.



By using this strategy, you’re not only cutting your taxes

but you’re also securing a targeted 18% annual return on your investment.



That’s right—you save money, and your money works for you, growing year after year.



And there’s more. You’ll get your principal investment back at the end of FIVE years all while continuing to enjoy those reduced taxes and annual returns.



Business owners and professionals across the country are already benefiting from this strategy, and it’s completely legal and in compliance with all IRS regulations.


This isn’t some loophole that will get you in trouble

It's a smart, strategic financial tool that you can leverage to maximize your wealth.

During this session, you’ll learn how to:


  • Reduce your tax bill by 10x
  • Secure a targeted 18% return on your money.
  • ​And reclaim your principal investment at the end of five years



Date: Friday October 25th, 2024


Time: 12-1PM Eastern


Place: Zoom


Register here

                                                                                                                   

Network Your Net Worth

Let Me Show You How to Foster Relationships that

Organically & Consistently Generate High Net Worth

Prospects and Grow Your AUM…


Go here for a free ten minute training.

                                                                                                                   

💡 Answer to Trivia Question:

Asset-based fee.

                                                                                                                   

Your Advisor's Edge Team