15 episodes

Welcome to Path to Abundant Living, where we address pertinent topics surrounding wealth management to help better position yourself, your family, and your business for success.

Listen as Scott Morrison and Matt Nordmann, Managing Partners of Morrison, Nordmann & Associates, tap into their wealth of financial experience and address various strategies and services they utilize for their clients.

So sit back, relax, and enjoy intriguing financial conversations that place you on path to abundant living and help you navigate the rest of your life.

Path to Abundant Living Scott Morrison and Matt Nordmann

    • Business
    • 5.0 • 1 Rating

Welcome to Path to Abundant Living, where we address pertinent topics surrounding wealth management to help better position yourself, your family, and your business for success.

Listen as Scott Morrison and Matt Nordmann, Managing Partners of Morrison, Nordmann & Associates, tap into their wealth of financial experience and address various strategies and services they utilize for their clients.

So sit back, relax, and enjoy intriguing financial conversations that place you on path to abundant living and help you navigate the rest of your life.

    Path to Abundant Living - Episode 15 (Wealth Planning for Age 90, 100 and Beyond)

    Path to Abundant Living - Episode 15 (Wealth Planning for Age 90, 100 and Beyond)

    We’re living longer than ever these days! That means our wealth may need to see us through what could be an extremely lengthy retirement. This can sometimes be a double-edged swrod scenario.
    On the latest installment of Path to Abundant Living, we’re exploring how an increasingly important aspect of wealth management, called longevity planning, can potentially help position our finances for the long haul.
    Timecodes:
    0:06 - Introduction and overview on the topic of the day
    1:50 - Living longer is a double-edged sword
    3:10 - How wealth managers are addressing these issues
    5:15 - How wealth management is being used to ensure their wealth is well-positioned
    7:45 - Concierge medicine and how it plays a role within wealth management
    10:20 - Longevity planning should take estate planning into account
    11:25 - The issues that pop up within estate planning in this moment
    13:16 - What you should be discussing with your trusted advisors
    14:47 - Where to begin with putting solutions in place
    16:20 - How to get in touch with Matt and Scott
    17:10 - Closing remarks


    Connect with Scott Morrison and Matt Nordmann:
    https://morrisonnordmann.com/ (Website)
    https://www.linkedin.com/in/scott-morrison-1ab16a91/ (LinkedIn)

    • 18 min
    Path to Abundant Living - Episode 14 (The Surprising Value of a Client Advisory Board)

    Path to Abundant Living - Episode 14 (The Surprising Value of a Client Advisory Board)

    Business owners want to better understand their clients so they can serve them exceptionally well and grow their enterprise. And while surveys, market research and other tools can be key parts of that effort, there’s another smart marketing strategy that too many entrepreneurs overlook.
    On the latest episode of Path to Abundant Living, we're diving into the surprising value of utilizing a client advisory board!
    Timecodes:
    0:06 - Introduction and overview on the topic of the day
    1:30 - The twist on a traditional approach
    2:54 - What does a client-focused board of advisors does and how they operate
    5:11 - Why this board is valuable to you and your business
    6:30 - The results associated with a top-tier client advisory board
    9:35 - The board should consist of your top clients
    12:09 - How to ask your client to be a part of this board
    14:13 - How you can get in touch with Matt and Scott
    16:00 - Closing remarks


    Connect with Scott Morrison and Matt Nordmann:
    https://morrisonnordmann.com/ (Website)
    https://www.linkedin.com/in/scott-morrison-1ab16a91/ (LinkedIn)

    • 18 min
    Path to Abundant Living - Episode 13 (Finding Advisors Who Are Truly Client-Centric)

    Path to Abundant Living - Episode 13 (Finding Advisors Who Are Truly Client-Centric)

    When advisors truly know their clients, as people and not just numbers on a paper, they can better help them achieve their financial and other goals.
    In the latest episode of Path to Abundant Living, Matt and Scott are exploring the value associated with having advisors that are truly client-centric, as well as how you can identify if your current advisor takes a client-centric approach.
    Timecodes:
    0:06 - Introduction and overview on the topic of the day
    1:30 - How wealth management has changed to become more client-centric overall
    2:30 - The steps wealth managers are taking to understand their clients on a deeper level
    3:33 - What a thorough discovery process looks like
    6:40 - An example of detailed discovery process and the key areas it identifies
    9:28 - Your assets are just one small component of a much bigger picture
    13:29 - Identifying your values is a complex process
    15:40 - How you can get in touch with Matt and Scott to go through their discovery process
    16:55 - Closing remarks


    Connect with Scott Morrison and Matt Nordmann:
    https://morrisonnordmann.com/ (Website)
    https://www.linkedin.com/in/scott-morrison-1ab16a91/ (LinkedIn)

    • 18 min
    Path to Abundant Living - Episode 12 (Do You Know Your High-Net-Worth Personality Type)

    Path to Abundant Living - Episode 12 (Do You Know Your High-Net-Worth Personality Type)

    We all have various personality traits. Some of us are introverts while others are extroverts, for example. However, did you know that you also have a wealth personality and it can have a big impact as you pursue your financial goals?
    On the latest installment of Path to Abundant Living, Matt and Scott are diving deep into the various high-net-worth personality types that exist today. Listen as they outline the various options out there, as well as strategies to help identify which category you fall into.
    By recognizing which high-net-worth personality type you have, you can position yourself to make financial decisions that are more aligned with your goals for the future.
    Timecodes:
    0:06 - Introduction and overview on the topic of the day
    1:25 - What do we mean by high-net-worth personality types?
    3:15 - Your HNW personality should be similar to your wealth manager's HNW type
    4:45 - The most popular high-net-worth personality types
    6:35 - Additional high-net-worth personality types that exist today
    9:30 - Why it's beneficial to work with a wealth manager that understands your HNW type
    11:30 - How to identify which HNW type you align with
    17:00 - Can you have a combination of two HNW types?
    18:55 - How you can get in touch with Matt and Scott
    20:30 - Closing remarks
    Connect with Scott Morrison and Matt Nordmann:
    https://morrisonnordmann.com/ (Website)
    https://www.linkedin.com/in/scott-morrison-1ab16a91/ (LinkedIn)

    • 21 min
    Path to Abundant Living - Episode 11 (Transferring Values, Not Just Wealth to Your Heirs)

    Path to Abundant Living - Episode 11 (Transferring Values, Not Just Wealth to Your Heirs)

    Many of us have thought about how to best transfer our wealth to our heirs someday. Unfortunately, parents and grandparents with significant assets don’t always spend enough time on passing along the values that helped them build, grow and maintain that wealth.
    On the latest installment of Path to Abundant Living, Scott and Matt are examining the importance of transferring financial values to our kids and some of the best methods to do so.
    Sit back, relax, and enjoy another enlightening episode that's bound to leave you with some considerations for your own heirs!
    Timecodes:
    0:06 - Introduction and overview on the topic of the day
    1:52 - The issues and challenges that arise when values aren't transferred to heirs
    3:20 - The types of heirs that better avoid these issues
    5:15 - The first step in educating your heirs on values
    7:39 - Ongoing communication is essential
    10:08 - The ideal times or moments when these financial discussions will resonate with heirs
    12:35 - Action steps that matriarchs or patriarchs can take to begin instilling values with heirs
    15:30 - Advice for families that are working together to manage a business
    18:25 - Final tips for transferring values to heirs
    22:00 - How you can get in touch with Matt and Scott for additional information
    23:33 - Closing remarks


    Connect with Scott Morrison and Matt Nordmann:
    https://morrisonnordmann.com/ (Website)
    https://www.linkedin.com/in/scott-morrison-1ab16a91/ (LinkedIn)

    • 24 min
    Path to Abundant Living - Episode 10 (It's Time to Review That Trust!)

    Path to Abundant Living - Episode 10 (It's Time to Review That Trust!)

    With so many changes in the world, and perhaps in your own family, a trust you’ve set up to achieve your financial goals could be out of date even if it’s just a few years old.
    On the latest installment of Path to Abundant Living, we're examining how to size up the current status of a trust to see whether it's still on track, so you can decide if any changes are appropriate.
    This is a routine conversation that Scott and Matt are having with their clients at Morrison Nordmann and Associates, so there's plenty of great information packed into today's episode! Sit back, relax, and enjoy another enlightening conversation!
    Timecodes:
    0:06 - Introduction and overview on the topic of the day
    2:05 - There's more to the process than simply setting up a trust
    2:50 - Why a trust may become outdated
    3:50 - Where to begin the process of reviewing your existing trust
    6:30 - Items overlooked on a trust that need to be updated
    8:35 - The mistakes that people make when it comes to their trusts
    11:18 - The next steps needed to ensure your trust is operating at an optimal level
    14:12 - What a stress test could uncover about someone's trust
    16:44 - This process is done hand-in-hand with a team of professionals
    19:22 - How to get in touch with Matt and Scott to continue this conversation
    20:02 - Closing remarks


    Connect with Scott Morrison and Matt Nordmann:
    https://morrisonnordmann.com/ (Website)
    https://www.linkedin.com/in/scott-morrison-1ab16a91/ (LinkedIn)

    • 21 min

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