Episode 061: On this week’s episode of The Connected Advisor, I talk with Craig Robson, Founding Principal and Managing Director at Regent Peak Wealth Advisors.

Wealth creators understand that financial planning isn’t solely about maximizing returns. It’s also about building a lasting legacy. By involving the next generation in family wealth discussions, advisors can help beneficiaries develop a solid financial understanding. This ensures a smoother wealth transfer and empowers future generations to manage their financial affairs effectively. 

We break down what financial planning for wealth creators looks like. Discuss the importance of using a tech stack that best suits the firm’s needs rather than the one-size-fits-all approach, the flexibility of being an independent advisor, and Craig’s unique approach to solving complex financial scenarios for wealth creators and their successors.

Key Takeaways

Choosing technology solutions that best fit the firm’s needs, rather than being restricted by a one-size-fits-all approach, differentiates independent advisors from those tied to larger firms.

Involving the next generation in family wealth discussions ensures a smooth and sustainable wealth transfer and can guard against common pitfalls.

A successful financial advisory practice goes beyond asset management, incorporating life coaching and consulting services to provide holistic support to clients.

Quotes

[11:42] – “If you’re going to take the professional risk to start your own business, don’t forget why you did it.” ~ Craig Robson

[16:14] – “As I started to have deeper, broader conversations with clients about what was most important to them and what they wanted to accomplish in their lifetime, I realized that the more complex one situation is, the more we can help them.” ~ Craig Robson

[23:55] – “In our industry, it’s an art and a science. The science is the actual plan itself. The art is communicating it and deciding the prioritization of what you want to follow through on.” ~ Craig Robson

Links 

Craig Robson on LinkedIn

Regent Peak Wealth Advisors

FP Alpha

Merrill Lynch

HubSpot

Salesforce

Morgan Stanley

Connor McDavid

Outliers

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Milemarker.co

Kyle on LinkedIn

Jud on LinkedIn

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Kyle Van Pelt