Episode #261: Mike Lecours, fpPathfinder, “We’re Seeing Extra Advisors Begin To Construct This Into A Core Half Of Their Enterprise”
Visitor: Mike Lecours is the co-founder of fpPathfinder, a agency creating flowcharts and checklists particularly to assist advisors navigate advanced monetary planning inquiries to be extra diligent of their planning processes.
Date Recorded: 10/7/2020
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Abstract: In episode 261, we welcome our visitor, Mike Lecours, co-founder of fpPathfinder, a agency creating flowcharts and checklists particularly to assist advisors navigate advanced monetary planning inquiries to be extra diligent of their planning processes.
We’re masking Mike’s finest concept: Checklists for monetary advisors. Monetary planning is not any stroll within the park. The principles that information the recommendation planners’ provide their shoppers are at all times altering. We stroll by means of the worth that checklists can add for advisors. Not solely can they assist reply questions in a radical, diligent method, however they stand to supply effectivity positive factors as properly. We get into how advisors are placing them to work, and typically even leaning on them to display what the method and path of recommendation would possibly appear to be.
Because the dialog winds down we discuss evolving the sources right into a digital resolution to make the instruments much more person pleasant and built-in into the advisor workflow.
Please take pleasure in this particular “Greatest Concepts” episode with fpPathfinder’s Mike Lecours.
Hyperlinks from the Episode:
- 0:40 – Intro
- 1:38 – Welcome Mike to the present and his origin story
- 4:14 – Enthusiastic about checklists
- 4:20 – The Guidelines Manifesto: Get Issues Proper
- 7:34 – Staring the enterprise
- 9:05 – Pricing mannequin for his or her service
- 9:56 – Hottest checklists
- 11:17 – Unintended advantages of checklists
- 12:03 – Goals-Based Financial Planning: How Simple Lists Can Overcome Cognitive Blind Spots (Sin, Murphy, Lamas)
- 14:47 – Studying about your actual investing model by means of these checklists
- 16:24 – How advisors can use this with their shoppers
- 17:18 – The chance to maintain folks present on the newest investing guidelines
- 19:05 – How these checklists can enhance the advisor efficiency
- 22:24 – Optimistic success tales
- 26:30 – The way it integrates with expertise
- 28:00 – Most in demand function
- 30:56 – Subsequent steps for the corporate
- 32:21 – Most memorable a part of constructing out the enterprise
- 33:35 – The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets (Faber)
- 34:08 – Greatest problem to constructing the corporate
- 35:10 – Greatest strategy to join: fppathfinder.com
Transcript of Episode 261: