Retirement Inside Out with Tom Lamendola Financial Independence Group

Today we're back with the one and only Alecia Barnette, CLTC. Alecia is the Senior Vice President of our care planning division at FIG. She is going to shed light on some remarkable developments taking place within the care planning industry and in long-term care insurance in this episode. We'll explore the importance of thoughtful care planning and financing strategies in today’s evolving landscape, particularly as the aging retiree population and baby boomers face the reality of future care needs.
Join us to learn about state mandates for long-term care insurance and the potential for healthcare for all acts or socialized healthcare in different states. We’ll share why discussing these long-term care options with clients before these possibilities are implemented is critical. We also explore product innovations like joint life and group products that allow younger clients to opt out of state mandates.
To wrap up this episode, Alecia will chat about the educational client events and webinars she hosts for financial advisors and insurance agencies focused on long-term care. She walks through how they work and the benefits of these events.
 
Here’s some of what we’ll discuss in this episode: 
Alecia shares an update on the long-term care state mandates across the country. (3:05) What’s in the news when it comes to product innovation? (8:56) Alecia walks through the client events and webinars she hosts for financial advisors and insurance agencies. (11:08)    The importance of having a written plan to give to your healthcare power of attorney. (18:13) Giving back to your clients by providing them with the right resources. (19:51)  
Get in Touch with Alecia:
https://www.figmarketing.com/#!/ProductRD/Alecia-Barnette
Learn About FIG: https://www.figmarketing.com 
800-527-1155
 

On today’s episode, we are joined by Lori Miller and Dave Hostetler, CLTC, two leaders within FIG’s business development practice management division. Lori leads our talent solutions division and Dave oversees all aspects of business consulting, practice management, and succession planning. Together, they will shed light on the crucial role that a "people strategy" and "people plan" play in the overall efficiency of your business.
Lori will kick off this episode by talking about the impact of having a strong hiring process from start to finish- from attracting the right candidates to keeping them engaged throughout the interview process. She discusses the significance of staying organized, communicating clearly, and ultimately making candidates feel seen and valued.
Dave will then dive into the topic of employee onboarding and retention. He'll offer guidance on structuring a strong onboarding process that sets your new hires up for success from day one. He will also share practical strategies for clearly communicating your company's guidelines and expectations to ensure your team members stay engaged and motivated over the long term.
Stay tuned for some critical insight and advice from these experts who have helped hundreds of advisors train and retain top talent. You’re sure to take away some valuable tips in this episode on scoring top-notch candidates and setting them up for success!
 
Here's some of what we'll discuss in this episode: 
Why it’s important to have a people strategy and a people plan. (2:06) Some mistakes that could lead to losing good candidates during the interview process. (5:54) Setting up employees for success during the onboarding process. (12:32)    Best practices for employee retention and happiness. (19:50) The importance of informative routine meetings and internal communication. (24:58)  
Learn About FIG: https://www.figmarketing.com 
800-527-1155
 
 

On today’s episode, we are glad to be joined by our Chief Strategy Officer at Financial Independence Group, Nicholas Ross. From strategy and planning tips to integrating AI services, Nicholas is here to discuss getting tactical with your business. Join us as we talk about the importance of thinking big and keeping up with the progression of technology in today’s world.
 
Today, we discuss how COVID-19 has changed the future of the financial industry and the importance of keeping up with the demands of this global shift. Nicholas explains the crucial difference between strategy and a plan for business owners and how the world of finance will forever be changed by the introduction of artificial intelligence. 
 
Join us for an insightful conversation with Nicholas Ross about keeping up with the times, harnessing the tool of AI to your advantage, and finding the “edge” that sets your business apart from its competitors.
 
Here’s some of what we’ll discuss in this episode: 
Nicholas defines the two types of strategies used at Financial Independence Group and reflects on the future of financial services. (2:30) How COVID-19 forced businesses to move forward technologically. (6:43) “The time of dominating your small market is over.” Why businesses need to be thinking about dominating globally. (9:19)    The difference between a strategy and a plan. (13:14) Nicholas’ thoughts on the future of AI in the financial industry. (15:42) Some targeted coaching tips that Nicholas is giving to different advisors. (22:23)  
Learn About FIG: https://www.figmarketing.com 
800-527-1155

On today’s episode, we are joined by Ben Hockema, CFP®, founder of Illuminate Wealth Management. In this episode, Ben offers valuable insights into the challenges and opportunities of launching a virtual advisory firm during COVID-19, as well as the importance of prioritizing client needs to build a successful business. 
 
Ben kicks off this episode by discussing his decision to leave an independent advisory firm and pursue his own vision. He dives into how he managed to create a virtual client base and business model that focuses on work-life balance and client needs.
 
Throughout the episode, Ben emphasizes the importance of meeting clients where they are and focusing on quality work. He shares how this approach has created incredible opportunities for his business’ growth and lasting relationships with his clients.
 
Join us for an engaging conversation with Ben as we discuss business development, client retention, and succession planning for the next generation. 
 
Here’s some of what we’ll discuss in this episode: 
Ben talks about starting Illuminate Wealth Management during the pandemic and his vision to start a business that prioritizes work-life balance. (2:35) A look into breaking away from an independent firm. (6:31) Illuminate Wealth Management’s business model focuses on clients by providing outsourced CFO services. (10:20)    Where Ben thinks the future of the industry is going and the power of meeting client needs. (15:52)  
More About Our Guest: 
https://www.illuminatewm.com/ 
Learn About FIG: https://www.figmarketing.com 
800-527-1155 

On today’s episode, we are thrilled to be joined by a very special guest, Teresa Speir. As one of our vice presidents of life insurance at Financial Independence Group, Teresa brings a wealth of knowledge and expertise to the table. With her certifications as a CFP®, ChFC®, CLU®, and CLTC®, Teresa is a valued member of our team who performs analytical duties for our agents and advisors to help enhance client portfolios. 
 
Throughout this episode, Teresa will share her insights on the life insurance industry, covering everything from recent regulations to trending topics on social media. We will also delve into the value that Teresa and teams like hers at FIG provide to agents and advisors, equipping them with the knowledge to talk confidently about the role of life insurance in a well-rounded portfolio.
 
Whether you are an agent, advisor, or consumer of life insurance, you don’t want to miss this informative discussion with Teresa Speir.
 
Here’s some of what we’ll discuss in this episode:
 A refresher on the different types of life insurance. (3:26) What consumers and advisors should know about recent life insurance regulations. (7:09) Taking a deeper look at Actuarial Guideline 49. (11:20) Teresa shares a little more about her expertise and certifications and the impact this education makes at Financial Independence Group. (15:55)    Life insurance is a trending topic on social media. (18:11)  
800-527-1155
Learn About FIG: https://www.figmarketing.com 
 
 

On today’s episode we are going to breakdown the difference between strategy and plan based on some research and conversations we’ve had with our top financial professionals over the last few months. We’ve come to realize that not everyone has a financial strategy or plan, and without the two of them together, it’s difficult to achieve your goals.
 
Here’s some of what we’ll discuss in this episode:
Strategies and plans are not interchangeable and what that means for your business. (3:44) How a strategy and a plan help you stay aligned with your business’ vision (6:12) The ‘secret sauce’ that we offer for marketing (8:50) Should you use goal-based or budget-based marketing plan? (13:08)    Identifying KPIs and key results in your marketing plan. (16:27)  
Learn About FIG: https://www.figmarketing.com 
800-527-1155