3 Ways We Train, Educate and Continue to Learn in our Business

This business is one of ever-changing rules, trends, and technology.  Our entire team is committed to maintaining excellence in the technical aspects of wealth management and client service.  In order to do so, we create a budget of both time and money each year for every team member to improve their abilities through educational opportunities. 

Below I highlight three different ways we do that each year.

Continuing Education:

  • All five of our financial advisors are FINRA registered, which means that each year we are required to complete several hours of continuing education to maintain those licenses.  This is usually around 7 hours each year of required coursework.
     
  • Three of us have supervisory licenses through FINRA as well, which requires even more annual coursework.
     
  • Four of the five advisors have professional designations beyond just the FINRA licenses, and Dan is working towards completing another designation.  Having a designation requires 15-30 hours of continuing education annually that focuses on all of the areas of wealth management. 
     
  • Mike has two designations, so he gets extra coursework each year.
     
  • Six team members have insurance licenses, which comes with their ongoing continuing education and coursework requirements, totaling 15-30 hours every year. 
     
  • Because we advise clients on Long Term Care Insurance planning, we are required to complete an additional three hours of coursework to stay current on that product each year

Classes:

  • Dan has been attending classes two days each week as a part of working towards completing the education requirements in order to sit for the CFP® exam.  Others in the office have taken classes through various organizations and colleges in a wide range of categories from leadership to investment management.  

Conferences/Seminars:

  • Everyone in the office is required to attend some sort of educational event or conference each year.  One thing we very much agree with is that we do not know everything and know that learning from others in our profession is a great opportunity that we never pass up.
     
  • By attending these conferences, not only do we learn some of the latest techniques in financial planning, but also we hear from other high-achieving offices on how they best service their clients. 

One thing I’m very consistent with is the fact that we don’t know everything. 

The day I think we have it all figured out, is the day we need to close shop!  We will always commit time, money, and resources on improving our abilities and knowledge in order to best serve our clients.


Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame logo) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. 

Celebrating the End of Tax Season with a Shred Event

Celebrating the End of Tax Season with a Shred Event

On April 21st we had a fun client event in Roseville where we celebrated the END OF TAX SEASON by hosting an onsite document shredding service for all of our clients.

It was great to see all of those who attended, and it was amazing how many pounds of paper we were able to shred. In two hours, individuals brought close to 4,500 pounds of shredding!

This was approximately double that of any prior year’s amount.

What is a solid Emergency Fund number for me?

What is a solid Emergency Fund number for me?

When you login to view your bank account balance, is it something that causes you stress or do you feel comfortable when you pull up those numbers? Knowing the proper amount of money to have in your savings account can often feel like a difficult question to answer.

How do you determine what the correct amount is for your family?

Before you can figure that number out, it is important to understand what an emergency fund is, and what those dollars are being saved for.

Redefining "Normal"

Redefining "Normal"

What does “normal” look like in today’s culture?

More specifically, what does normal look like in the area of personal finance and the decisions that surround this area of our lives?

For most people they think of “normal” as a new car every few years, a bigger house every so often, various exotic vacations, and many more “things” or “experiences” to live a fulfilling lifestyle. One thing that has become a foundational component of today’s “normal” culture is the idea of instant gratification…whether the finances are there to back up the gratification or not.

Let Them Spend Their Money

Let Them Spend Their Money

A part of the Give.Save.Spend. teaching philosophy we mentioned before, involves SPEND. That is often the most exciting one of the three for kids (and most adults). It certainly can be with my children…and me to be honest.

Side-note: It is fun to spend money, especially when you know it is a part of your overall financial plan. No excuses. No regrets. No questions. No shame. No blame. Good, clean spending.

Okay, back on point…

3 Great Ways to Keep in Touch With Us

3 Great Ways to Keep in Touch With Us

1. Read our blog regularly. 

We continue to post what we feel are important updates covering both economic and market updates, as well as issues centering on behavior finance: in other words, focusing on what we have control over in the world of money.  

The posts are written by most everyone in the office so you get a fresh, or at least different, perspective on a myriad of topics.  As you come in for meetings, we will likely be slipping a recent blog post or two into your take-away folder, if we feel it is an especially important read for your situation.

The Lifeboat Drill

The Lifeboat Drill

What happens if your financial world was turned upside down tomorrow? Are you prepared?

I often make clients sit down to run through what I call a “lifeboat drill.” Although not a fun exercise, it is a very practical and powerful one to practice NOW to bring you peace LATER.

It works simply like this: What exactly do I/does my spouse do in the event of the other’s death? 

Helping Our Clients Save More for Retirement

Helping Our Clients Save More for Retirement

The Wealth Group exists to help our clients make better decisions with their money. Our clients' financial behaviors should look different from their neighbors. Making better decisions around money leads to greater success with money; ergo, wealth is built. Building wealth is not magic; it's not the result of cosmic forces. It's a known formula, consistently followed over a long period of time.

Every year since 2000, Vanguard releases a report called How America Saves. The 2016 report was released last summer; it is 110 pages and chock-full of fascinating data. Well, fascinating to nerds like us.