{"id":130861,"date":"2024-09-10t18:19:16","date_gmt":"2024-09-10t22:19:16","guid":{"rendered":"\/\/www.g005e.com\/?post_type=product&p=130861"},"modified":"2024-09-26t11:06:05","modified_gmt":"2024-09-26t15:06:05","slug":"rh24hgwm-rh24hol-rh24hgw-rory-henry-holistic-guide-to-wealth-management-the-science-behind-integrating-services-with-the-human-side-of-behavioral-financial-advice","status":"publish","type":"product","link":"\/\/www.g005e.com\/shop\/rh24hgwm-rh24hol-rh24hgw-rory-henry-holistic-guide-to-wealth-management-the-science-behind-integrating-services-with-the-human-side-of-behavioral-financial-advice\/","title":{"rendered":"pre-order: holistic guide to wealth management"},"content":{"rendered":"

built for practical implementation<\/strong><\/h3>\n

the handbook is structured to facilitate and streamline implementation. it starts with the rationale for change, moves through practical implementation strategies, and concludes with advanced topics in holistic financial planning. it effectively blends technical knowledge with insights into human behavior and client communication. while the handbook primarily targets cpas, other financial professionals could benefit from its insights.<\/p>\n

at a glance:<\/h3>\n

transformation of accounting and wealth professions<\/strong>: the document stresses the need for accounting professionals to shift from merely compliance-focused work to offering value-added advisory services. this includes embracing wealth management and holistic financial planning.<\/p>\n

role of cpas as financial advisors<\/strong>: this section emphasizes why cpas are well-positioned to provide financial advice due to their trusted relationships with clients and deep knowledge of their financial situations. it discusses transitioning from tax preparation to a more comprehensive role in managing clients’ financial health and wealth.<\/p>\n

business models and practice management<\/strong>: the guide discusses integrating wealth management into traditional accounting practices, adopting new business models, and implementing technology to streamline operations. it encourages using wealthtech and ai to enhance services and improve efficiency.<\/p>\n

holistic services approach<\/strong>: encompasses all aspects of clients\u2019 financial situations, such as investment, risk management, tax planning, estate planning, and insurance. the approach promotes personalized client care, addressing their life goals and financial well-being.<\/p>\n

embracing technology and ai<\/strong>: the document highlights the increasing role of ai and technology in providing more efficient financial advisory services. this includes using technology to automate routine tasks and enhance client engagement.<\/p>\n

communication and client relationships<\/strong>: building and maintaining strong client relationships is a recurring theme. the “advis-ror\u2122 (return on relationships)” concept emphasizes that the value provided to clients goes beyond financial metrics and includes emotional connection and understanding.<\/p>\n

adapting to a changing profession<\/strong>: the text advocates for a modernized accounting practice, including updated organizational structures, streamlined processes, technology adoption, collaborative service offerings, and pricing models that reflect value rather than hours billed.<\/p>\n

succession, exit planning, and generational wealth transfer<\/strong>: provides strategies for guiding business owners through succession planning and maximizing exit readiness. it also addresses intergenerational wealth transfer and how to prepare clients’ heirs for inheritance.<\/p>\n

integration of wealth management and accounting services<\/strong>: the document examines how accounting firms can partner with wealth management firms, set up their own registered investment advisory (ria) services, or collaborate with a virtual family office (vfo) model to provide a one-stop-shop experience for clients.<\/p>\n

marketing and client engagement strategies<\/strong>: discusses the importance of marketing integrated accounting and wealth management services and engaging clients through a personalized, human-first approach.<\/p>\n

why this handbook, why now<\/h3>\n

timely and relevant content:<\/strong> with technological disruption threatening traditional accounting services, the handbook offers a roadmap for cpas to evolve their practices and remain relevant.<\/p>\n

emphasis on relationships:<\/strong> henry introduces the “advis-ror\u2122” (return on relationship) concept, highlighting the importance of deep client relationships in an ai-driven world.<\/p>\n

practical guidance:<\/strong> actionable advice on incorporating wealth management services, leveraging technology, and adapting to changing industry dynamics.<\/p>\n

expert insights:<\/strong> contributions from 35 thought leaders in accounting, finance, and technology add depth and credibility to the content.<\/p>\n

holistic approach:<\/strong> the handbook covers a wide range of topics, from practice management to behavioral finance, offering a well-rounded perspective on wealth management.<\/p>\n

personal touch:<\/strong> henry’s story and experiences lend authenticity and relatability to the narrative.<\/p>\n

appendices<\/h3>\n

the appendices cover additional topics such as healthcare planning, mental and physical health for professionals, and change management strategies for firms transitioning to holistic advisory models.<\/p>\n


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step-by-step implementation<\/strong><\/h3>\n

scoping the opportunities<\/h3>\n

foreword & prologue<\/strong><\/p>\n