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What separates those who have the highest potential for building wealth from others? Is it exotic investments or timing the market? In many cases, it’s the basics of financial planning. In our latest white paper, we discuss how Wealth Potential groups differ in terms of their behaviors and self-reported experiences related to financial management. We measured Wealth Potential with Data Points’ proprietary assessment of frugality, confidence, level of responsibility for one’s finances, and focus on …
If clients are to increase their likelihood of becoming wealthy, they have to understand and change how they behave with respect to areas that are, perhaps, a little more personal. Clients that focus intently on what others buy and consistently want the latest and greatest in possessions (such as technology or accessories) are less likely to build wealth over time. Social Indifference predicts net worth regardless of age, income, or how much wealth one …
Can you identify the wealth-building potential of your prospective or potential clients? Is the coaching and financial mentoring you give to your clients based on an objective measure of their wealth-related behaviors? We are very pleased to announce the release of our new research report, Financial Behaviors & Wealth Potential. The report describes how using behavioral-based assessments can identify and develop one’s potential for building wealth. Applied broadly, measuring Wealth Potential can allow large institutions and firms …
According to one Southerner, we’re halfway through what he calls the “60 days of winter” in Atlanta. For those from the Midwest or Northeast, I can almost hear your collective “bless their hearts.” True, we don’t have snow on the ground here and when we do, the entire city of Atlanta shuts down. However, those living in the South enjoy glimpses of the beauty we have in the Spring much earlier than anywhere else in …
Can your organization thrive if its strategy doesn’t align with operations? Maybe. Maybe you’ll be successful despite this misalignment; maybe for a short time at least. For a short time, if you have a stellar pool of talented advisors and leaders, loyal clients, and awesome products and services, then the misalignment can be masked for a while. Eventually, however, top talent will recognize the disconnect and leave–or worse, become disengaged, potentially leading to desertion …