As most of you know, I have altered my career slightly in business to personal/small business financial planning. I have been on this board for 5 years now, was in financial planning in the 90s but hated the corruption, but now I am back doing what I honestly LOVE it and should have been doing this my entire life.
I find I really enjoy helping women, working women, single women, women who are the key wage earner or financial decision makers in their homes. I have been able to sit with many and help them see where they are and map out a plan for their future. My clients are people I care about and respect.
I do not like how many planners "market" to get clients. I am not comfortable with the "free dinner" or "cold call" or soliciting friends and family. But I stumbled on something this last week that I really enjoyed and wanted your opinion on.
I took a group of about 5 women to Nordstroms for a presentation from their personal stylist, then lunch. None of us knew Nordstroms had such a service that can do shopping for you, help you pick out an outfit or just accessories to jazz something up. They can work on any budget, so this is not just for the wealthy, but can be a real time saver for many of us. The women were all senior managers or directors, so they had some needs to update a wardrobe, they were not struggling financially, but none had a mega budget and we had fun talking about current styles, age appropriateness, etc.
Then when we went to lunch we talked a bit about finances, their fears, their look toward the future. It was open and enjoyable.
All of the women really enjoyed the event, and I gave them a small gift card as a token of appreciation for their time, and they all agreed to allow me to email them, or be open to other education events and call if they needed any financial advice. (I made it clear I would not call to solicit them, the ball is in their court.) Most said they will call me as they really now understood how I could really help them. All of them gave me a hug and thanked me for having such an event - it blew me away!
So I wanted your take, would you go to something like this? How do you now, or how do you think you would find a financial planner? How would it be comfortable for you to seek/find financial planning assistance?
My goal is to really take care of people in an industry that has a rep of male domination, fear and corruption. How do you feel you would like to be approached?
By the way, there are so many times I wish I could give you all advice, but some things are now illegal for me to say on a forum. It is weird, those of us who are licensed, educated and ethically practicing professionals are policed by our brokers to the point they monitor all we do and say on the internet. Everything must be approved by the regulatory agencies now, so no one wants to say anything for risk of being slapped. That means I have to stay anonymous and watch what I say. Those that have emailed me recently I have done calls with about their budgets. I can still do Dave Ramsey coaching, as I have disclosed that to my licensing agency, but now all copies of everything must be archived.
My only other word of advice is that you all should see a planner, don't wait until your 50s or 60s, by then it is very late to help as much as we can. A good planner can help you with strategic decisions that could save you more than you can imagine.