Have you ever had clients who take a bit longer to be more comfortable talking about what they spend their money on? How do you get them to break out of their shells and realize that wealth advisors are only optimizing their financial plans, not scrutinizing their choices?

Post Photo
like
Posting as :
works at
You are currently posting as works at

Yes, there always will such clients! It’s very common for clients to feel a bit guarded when discussing their spending habits. Money is deeply personal, and clients often worry about being judged or criticized. The key to breaking down this barrier is to create a judgment-free environment from the very beginning.

I usually start by framing spending discussions around goals rather than focusing on specific expenses. Instead of diving directly into their spending details, I ask about their lifestyle aspirations, the experiences they value, and any long-term goals that mean a lot to them. This shifts the conversation from "How much did you spend on X?" to "What do we need to make your vision for the future a reality?"

Related Posts

Does having student loans impact your ability to get a mortgage?

like

What’s the best site to put your condo on rent other than Kijiji & MLS?

I’m currently saving to have and emergency fund for 6 months worth of expenses. I am also contributing about 20% of my salary to retirement. Any tips on what I should do with the extra I have left over every month? I was thinking of opening a brokerage account but I don’t have much to start it with and I am also worried that I’ll somehow mess up with independence requirements....

likesmart

Do Big 4 partners need to maintain any level of independence in retirement?

like

Can you please help me out to understand what will be the take home salary after tax deductions? And what about the 3lack rs of variable part?

Post Photo
like

Can I simply upgrade from Amex Blue Cash Preferred to Amex gold? Or would both just be open at the same time since one is technically a charge card?

like

PSA, you can transfer your car loan to an interest free credit card. Got 18 months interest free with BOA and a 20k credit limit. Transferred my car loan and I am no longer paying interest

likehelpful

Was there ever a time you wanted to give up being a real estate agent?

like

Hi! What are your experiences with Robo Advisors? Worth it? Or is investing in a few standard ETFs (no day trading) going to yield more return?

likehelpful

Hey All,
I am going to get married in September.
My office is in Yemlur and my fiance's office is at EPIP zone. Which is the best place to live and which platform to look after the house
Budget - 25k
Kindly help out

like

Any success stories with EB5? Who did you use? How were the investment terms? Been on H1b 9 years now and no end in sight with eb2 wait. Concerned with risk of outright fraud not 500k investment amnt.

like

Anyone took personal loan from HDFC !!
What are their interest rates and charges ?
Which bank is best for personal loan considering all charges/ interest rates and all ??

HGTv has more ‘gaines’ than I have on crypto #humor.

like

Best cashback credit cards in the UAE?

like

Guys, what platform do you use to trade US stock?

like

Welcome to the Chicagoland Real Estate Bowl!

The goal of this bowl is to create a platform for any and all questions you may have related to all things buying, selling, investing, and flipping real estate.

Additionally, if you need a broker I’m happy to help directly! I’m part of the number one sales team in Illinois out of our Brokerage!

Anyone recently buy a 2021 Acura RDX awd? Wondering how much you paid for it.

like

Looking to build out my 2021 investment strategy over the holidays and looking for resource recommendations on the following.
1- Where to learn/refresh about Options; 2- resource to download or analyze stock data (historical prices) as well as key metrics (PE, YoY revenue growth) to identify stocks as outliers either for shorting or as investment 3 - Paid or unpaid resources that discuss ideas and trends (not necessarily just stock picks).
thanks in advance. And happy holidays!

like

I’m aiming to retire in 30 years, my current asset allocation between all my investment vehicles is 10% REITs, 10% Int. Equities, 10% bonds, 20% small cap equities, and 50% S&P 500. They are cont...

like

What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

like

More Posts

London here. Although only a couple of days a week. Spend a lot of time in my hometown

How bad is it to blow your first LSAT?

like

Curiosity question - I’m a naturally very chatty senior and I’ve noticed that the staff 1s who are starting remotely and living at their parents’ home (which makes a ton of sense with the remote working) that I’ve been working with seem to want to chat about both semi related work stuff and non work stuff a fair amount. If you’re a staff living at home, do you enjoy having seniors who will chat with you about random things or would you rather just get your work done and log off?

like

When taking an exam for the cpa, is it done on a computer with a keyboard with a numpad and you do all your calculations on an onscreen calculator? Or is it done pencil and paper? Trying to decide on a new personal laptop and wondering if I should get one with a numpad to get used to punching in numbers or just a small one without it.

like

Hi Fishes.
Hope all is well. This is my first time asking for refferal. Please help.

I have around 6 years and 2 months of total work experience in TCS , I am currently serving notice period and it's now 45 more days to go . My last working day is on 4th August.

I have worked with pharma, FMCG and currently with Manufacturing client as BA, more on supply chain.

I am looking for Business Analyst, Consultant role . Please refer me for all the opening in your organization.

like

"Until I found you" both piano version and normal by Stephan Sanchez.. ❤

like
like

KPMG @kpmg what's an average bonus in SLG practice? What's the raise like moving from Associate to SA?

like

Does anyone with adhd ever feel like they just can’t wake up? I feel so lazy but I want to be so productive. Also, lately when I take my medicine I can’t even focus on work just other things.

like

Prayers up for anyone who's locked in

Post Photo
likefunny

Decided that I’m leaving audit today. Trying to understand the full range of opportunities in forensics. Will have my CPA and CFE. So far, I understand that there are client-serving firms like FTI and then the B4 will have forensics arms as well. What are some other forensic accounting roles? Pros and cons? Better than audit? Honestly just looking to learn anything.

like

Hi Fishes,

Can someone refer me for Cloud Security - Prisma job opportunity

like

S&P Global What are the Job Levels S&P Global Market Intelligence

like

Looking for a new role - Sr Mgr Corp digital marketing Chicago (reorg things are changing). Any leads or ways of networking with other firms? Please lmk! I’m a top performer, would love a referral 💕

like

Bain & Company For those working in industry, how much jump would you realistically expect when moving to an MBB?

McKinsey & Company
Boston Consulting Group
Bain & Company
SAP
Microsoft
IBM

Hi fishes,

I have expertise in Tableau and Process Management (Coaching / Transformation). Studying Cloud for all 3 major CSPs. Will have something to show for all 3 by the time I get out.
YOE: 6

What should be my target package?
Current CTC: 8L

Also, should I brush my Python and Data Analytics or the aforementioned will do?

like

Salaries have really been spiking. I am curious what the salary for a Principal/ Junior Partners would be in a mid-sized accounting firm now. In January I was approached for $200K for a senior manager role. Now a head hunter has approached me with $225K.

like

I have been working in sales/account management for 7 years. My ctc is 8 lpa. I feel I'm paid less. What should be the ideal salary considering the experience i have

like

What is the salary range for Project Manager(Senior Manager) in EXL.

like

Anyone at Accenture transitioned to the Middle East? Just joined and I’m ready to move haha

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal