Investment Strategies to Live an Intelligent Financial Life with Rose Palazzo

Most people would agree that financial planning is an important part of life. After all, who doesn't want to be able to retire comfortably and have enough money to live the life they want? However, financial planning needs to be much more than just a plan. It needs a clear understanding of the current financial situation and a roadmap to achieve future goals. How can investors create a financial plan that helps them live an intelligent financial life?

In this episode, Jack talks with Rose Palazzo, Group Head of Envestnet Money Guide. Before joining MoneyGuide, Rose was the Head of Financial Planning for Morgan Stanley Wealth Management, responsible for managing the development, implementation, and support of the firm's financial planning offering. Having hands-on experience designing financial planning software, Rose was also an architect of Morgan Stanley's proprietary goals-based wealth management platform, Goals Planning System (GPS).

Having extensive experience in the financial industry, Rose speaks with Jack about some of the exciting things she is working on at MoneyGuide, what she sees as the future of financial planning, and how she helps clients achieve their financial goals.

Key Takeaways

• [02:34] - How Rose launched Intelligent Withdrawals while setting up for MoneyGuide.
• [04:47] - What inspired Rose to join MoneyGuide.
• [07:55] - Some of the exciting things Rose is working on at MoneyGuide.
• [14:06] - An inside look at Rose's financial services journey.
• [15:21] - What Rose sees as the future of financial planning.
• [20:52] - How Rose helps clients achieve their financial goals.
• [23:41] - Where Envestnet MoneyGuide is heading in the future.
• [25:01] - Rose's three most important takeaways.
• [26:36] - The things that Rose enjoys doing outside of work.

Quotes

[05:35] - "This idea of intelligent financial life is that all components of a client's financial life are connected. And that requires technology to help execute and to enhance clients' lives by providing better advice and helping them to attain what they want." ~ Rose Palazzo

[17:14] - "Clients have complex financial lives, which means they use different advisory products. But all the things that come together help them achieve what they want. There's been so much work done to have platforms inform each other to enhance the advice." ~ Rose Palazzo

[21:36] - "Planning is getting an understanding of why you were investing in the first place.  If we invest for you and provide solutions to you, we should know what the objective is." ~ Rose Palazzo

Links 

• Rose Palazzo on LinkedIn
• Morgan Stanley
• Envestnet
• MoneyGuidePro
• Bill Crager
• Envestnet | MoneyGuide's Wealth Studios
• Envestnet | Tamarac
• Dani Fava
• eMoney Advisor
• Edmond Walters
• Merrill Lynch

Connect with our hosts

• LifeYield
• Jack Sharry on LinkedIn