Special Projects
Raising Financially Mature Children
Wealth managers hear it over and over again – their high net worth clients want to know how to raise financially mature, well prepared children. When asked for their choice of topics for client education events, wealth management clients request help with financial parenting most often of all. Indeed, affluence does bring special parenting challenges. The more money a family has, the more deliberate parents have to be to steer their children’s approaches to its use.
In large audiences and smaller groups, Suzanne Slater guides parents to succeed in three key areas: demonstrating their chosen financial values to their children, communicating openly in the family about money, and teaching specific financial management skills to their children. Suzanne provides parents with specific suggestions and demonstrates positive parenting approaches. Audiences are invited to share their stories and leave with abundant resources to ensure their success
In large audiences and smaller groups, Suzanne Slater guides parents to succeed in three key areas: demonstrating their chosen financial values to their children, communicating openly in the family about money, and teaching specific financial management skills to their children. Suzanne provides parents with specific suggestions and demonstrates positive parenting approaches. Audiences are invited to share their stories and leave with abundant resources to ensure their success
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Financial Planning with Same-Sex Couples
Now that marriage equality is the law of the land, same-sex couples are a hugely expanded market for estate planners and wealth managers. To take advantage of this lucrative opportunity, planners need special preparation.
Recent work by wealth psychologists on assessing “the complexity factors”* for financial services clients is especially relevant in work with same-sex couples. Specifically, an advisor must recognize, evaluate, and control for three relevant areas of same-sex couples’ lives. These areas include partners' typically nontraditional approaches to designing their financial roles within the partnership, the greater vulnerability of their inclusion in family wealth transfers, and their still-varying legal (and hence financial) status as couples. Suzanne trains financial professionals in interviewing techniques which broaden their discovery process. Advisors can then assess the financial relevance of these complexity factors and build them into the wealth management plan. This preparation can ensure an advisor’s success with this growing client group.
Recent work by wealth psychologists on assessing “the complexity factors”* for financial services clients is especially relevant in work with same-sex couples. Specifically, an advisor must recognize, evaluate, and control for three relevant areas of same-sex couples’ lives. These areas include partners' typically nontraditional approaches to designing their financial roles within the partnership, the greater vulnerability of their inclusion in family wealth transfers, and their still-varying legal (and hence financial) status as couples. Suzanne trains financial professionals in interviewing techniques which broaden their discovery process. Advisors can then assess the financial relevance of these complexity factors and build them into the wealth management plan. This preparation can ensure an advisor’s success with this growing client group.
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Psychology of Money
Wealth managers contend with influences they cannot see. This is because, for most of us, our approach to money is largely unconscious. Greatly shaped by childhood money messages, by our unique “money personalities” and by our original family’s financial circumstance, these (at times) irrational forces can drive our financial decision-making – until these dynamics are brought under conscious control.
Drawing on her experience as a psychotherapist and as a teacher, Suzanne Slater presents her audiences with clear and vivid pictures of these drivers of financial behavior. Using lecture and discussion, personal vignettes and small group exercise, Suzanne engages audiences to awaken to these factors and invites them to take control of their now-conscious patterns of financial behavior. Participants leave surprised at how much they learned about themselves- and how much they shared with each other.
Drawing on her experience as a psychotherapist and as a teacher, Suzanne Slater presents her audiences with clear and vivid pictures of these drivers of financial behavior. Using lecture and discussion, personal vignettes and small group exercise, Suzanne engages audiences to awaken to these factors and invites them to take control of their now-conscious patterns of financial behavior. Participants leave surprised at how much they learned about themselves- and how much they shared with each other.
Contributions/Presentations
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