Intergenerational Wealth Transfer Needs: From Financial Advice to Wealth Stewardship

Driven by the massive intergenerational wealth transfer occurring across North America, today’s tax and financial services clients are asking for more than product recommendations or tax preparation. They want clarity, confidence, and leadership. This shift is redefining the advisor’s role:  professionals who move beyond transaction-based services to deliver a coordinated, tax-efficient, and values-based approach to managing wealth over a lifetime - and across generations – are the advisors of the future.  How to recognize this professional?  The RWM™ credential is behind their name.

Who is the Real Wealth Manager™?

A Real Wealth Manager™ (RWM™) is a designated financial professional who serves as the strategic lead in developing and stewarding an intergenerational wealth plan. Acting as financial educator, advocate and steward, the RWM™ works collaboratively with other professionals on the family’s professional team to deliver fully integrated solutions aligned to a shared family strategy.

The Next Step in High-Value Professional Service, The Real Wealth Manager™ designation and Real Wealth Management™ framework is of particular interest to:
• Financial Advisors
• Tax Consultants
• Estate Planners
• Insurance and Investment Advisors
• Accountants
• Lawyers
• Portfolio Managers
• Divorce, Eldercare, and End-of-Life Counsellors

Core Responsibilities of The RWM™

The RWM™ identifies the Chief Family Influencer (CFI) – this is the lead in the family stakeholder group, and works with all the relevant stakeholders, to develop an accountable planning framework focused on four elements of planning:
• Accumulation
• Growth
• Preservation
• Transition of Wealth

The key differentiator is the special attention is given to the triggers that cause people to make decisions about their money – life events, financial events and economic events that are categorized into priorities.  In addition, the focus on important wealth eroders such as taxes, inflation, and fees, enable deeper conversations, consistent interviews and accountabilities across key documents – the net worth statement, the tax returns and the financial plans.  The mission is to help clients with the decision-making required for long-term financial peace of mind.

Key Functions Of A Real Wealth Manager™

• Strategic Intergenerational Planning
• Collaborative Leadership with Multiple Stakeholders
• Stewardship and Accountability•

The RWM™ From Advice to Stewardship

The Real Wealth Management™ approach positions professionals as strategic partners who coordinate expertise, protect after-tax wealth, and guide families through complexities they face in retirement, tax and estate planning; the fastest growing areas of concern in the financial services.

Learn more in the RWM Program Orientation: From Financial Advice to Wealth Stewardship, featuring Curtis Scoville, RWM, MFA-P. You’ll have an opportunity to take a free program trial, and explore additional demonstrations.
 

This month only, take advantage of a special tuition offer – save 20% on your enrolment into the program, which includes membership to the Society of Real Wealth Managers™.