Lisa Gray has been a wealth writer since 2001. She has been involved in the wealth management industry since 1988. She is the author of two bestselling books—The New Family Office and Generational Wealth Management.| Client Spending Habits Are The Focus Of A New Schwab Video Series |
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| Wednesday, May 30, 2012 15:00 |
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Spending rates of clients has become a focus of a new video series created by Charles Schwab. The firm has set up an open access site that invites the public to share their experiences about their spending habits. Out-of-control spending habits can dissipate wealth even in the hundreds of millions faster than investors realize. They can wreak havoc on the most strategically, well-thought-out investment plan.
This Website Is For Financial Professionals OnlyMaking it fun to talk about such serious topics can add comfort to the discussion while driving home essential principles.
In the Schwab example, a vote will be held to decide which stories are favorites and Schwab will run a contest between May 29 and June 26 where the ultimate winner will be awarded a prize of $10,000—deposited into a Schwab account, of course. Are there ways you can think of that would make difficult topics easier to approach and ultimately help to keep your clients from sabotaging their own success?
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