The International Association of Registered Financial Consultants (IARFC®) adds to their White Papers Library with a simple basic core approach on preserving and protecting clients’ wealth. Authored by Master Registered Financial Consultant (MRFC®) Ira Starr, of Ira Starr & Associates in Fairview, NC, the Paper presents a straightforward guide designed to help clients consider all elements of their financial world, fostering fulfillment and peace of mind.
The White Paper suggest that an extensive checklist of wealth preservation tools combined with the consultant’s ethical and fiduciary duty to determine the clients unique circumstances, can provide a balanced approach towards meeting their goals. Through reflective discussion, the consultant can ascertain the emotional challenges that accompany the critical fact finding. This basic foundation on how to guide clients through a discussion on their changing circumstances can minimize these unsettled feelings that surface when making financial decisions.
The White Paper warns against a “micro approach” which could result in missing critical planning consideration and causing inefficiencies or lost opportunities. It further discusses the discovery process and the importance of establishing this fundament premise from which to construct a valid wealth and preservation plan.
To further explain his intentions in this paper, Starr shares… “the importance of having reflective fact finding conversations to help facilitate alignment between a client’s heart and mind in the planning process so they plan from the heart and act with the mind in a manner that supports their unique desires and proceed forth with decisions that serve their overall best interests.”
The Table of Contents reviews the following:“How To” Toolbox, Reflective Conversation, Client Education, Cash Reserves, Wills and Trusts, Life Insurance, Annuities, Other Protection Vehicles. These are considered components in the overall roadmap to their financial model.
“Our White Papers are aimed at giving the consultant a piece of knowledge and making them think about how to approach their practice differently, “explains IARFC Trustee Chair and CEO, H. Stephen Bailey, MRFC®. “Whether you are an experienced professional or just starting your financial services career, there is an opportunity to learn.”
The White Paper Preserve and Protect Clients’ Wealth can be downloaded free of charge by going to the IARFC Store. For more information on the IARFC and all the White Papers it has to offer visit www.iarfc.org.
Ira Starr, MRFC®
is a Master Registered Financial Consultant who teaches people how money works through his unique Myth Free Financial educational coaching platform. Author of, The Book That Everyone Should Have, Ira has created a straightforward interactive guide and journal designed to help people consider all elements of their financial world, fostering fulfillment and peace of mind. As a coveted mentor and consultant, Ira also offers expertise on financially-related educational panels and has published articles in multiple financial organization journals. Ira is a certified member of the National Ethics Association and is designated a Master Registered Financial Consultant (MRFC®), accredited by the NCCA and granted through the International Association of Registered Financial Consultants. He welcomes you to connect with him through his website www.irastarr.com or via LinkedIn
