100 episodes

Produced by the Investments & Wealth Institute, the goal of the Exceptional Advisor podcast series is to help financial professionals better serve their clients, differentiate themselves from the competition, and improve their ability to communicate the competencies that make them exceptional.

The Exceptional Advisor Podcast Investments & Wealth Institute

    • Business
    • 4.4 • 16 Ratings

Produced by the Investments & Wealth Institute, the goal of the Exceptional Advisor podcast series is to help financial professionals better serve their clients, differentiate themselves from the competition, and improve their ability to communicate the competencies that make them exceptional.

    Retirement Trends and Challenges

    Retirement Trends and Challenges

    differentiate your retirement advising practice with elevated and specialized capabilities. Explore the RMA® Certification:
    https://iwicentral.org/3STsNId
     
    In this roundtable discussion, experts Anna Rappaport, Rob Austin, and Michael Doshier provide insights on key retirement issues including spending patterns, debt levels, housing costs, family support, and using products like annuities and reverse mortgages.
     
    Key takeaways:
    - Retiree spending declines on average 2% per year, but is often "lumpy" with large one-time expenses
    - Housing represents the biggest expense for retirees, but many fail to incorporate home equity into financial plans
    - More retirees carry debt and support adult children financially than in the past
    - Annuities and reverse mortgages remain underutilized due to complexity, lack of advisor expertise  
     
    The experts emphasize the need for holistic planning that accounts for healthcare, housing, family obligations, and other qualitative factors - not just portfolio returns. They advise financial advisors to take an expansive view when working with retiree clients.

    • 50 min
    Transforming Wealth Management with Technology

    Transforming Wealth Management with Technology

    Rashmi Badwe, COO of TIAA Wealth Management, discusses how technology like AI can enhance client service and the convergence of capabilities across financial domains.

    • 25 min
    What Financial Advisors Need To Know About 403(b) Retirement Plans

    What Financial Advisors Need To Know About 403(b) Retirement Plans

    In episode 117 of the Exceptional Advisor Podcast guests Dan Otter and Scott Dauenhauer of 403bwise discuss the issues with 403(b) retirement plans commonly used by teachers and the opportunities for financial advisors to help teachers save adequately for retirement.

    • 39 min
    Why AI Poses a Mortal Threat to Financial Advisors

    Why AI Poses a Mortal Threat to Financial Advisors

    Bob Powell and David Alan Macchia discuss the implications of artificial intelligence (AI) for the financial advisory profession. Macchia highlights AI's potential advantages, such as cost-efficiency and a unique user experience, but also acknowledges its current limitations in providing accurate advice. He predicts the rise of "digital humans" that merge vast financial knowledge with a human-like interface. The conversation underscores the importance of trust in the advisory profession and debates whether AI can achieve a similar trust level. Both participants emphasize the need for human advisors to adapt and integrate AI into their practices to stay competitive in the future. 

    • 26 min
    The Importance of Diverse Perspectives in Teamwork

    The Importance of Diverse Perspectives in Teamwork

    In this podcast, content creator Shane Snow discusses the importance of diverse perspectives in teamwork. He shares insights from his book Dream Teams, which explores how cognitive diversity can lead to better decision-making and innovation.

    • 49 min
    Why Do People Hire Their Financial Advisor?

    Why Do People Hire Their Financial Advisor?

    Danielle Labotka, a behavioral scientist with Morningstar, and Samantha Lamas, a senior behavioral researcher with Morningstar, discuss their latest research, "Why Do People Hire Their Financial Advisors?," which points to the importance of addressing a client’s emotional needs during beginning conversations. According to their research, how you explain your services can have an impact on a person’s hiring decision. And if you focus only on the cold, hard facts, you may be deterring some investors.

    • 40 min

Customer Reviews

4.4 out of 5
16 Ratings

16 Ratings

Dave Alvarado ,

Fantastic show!

Great insights on the world of finance, wealth and retirement. I particularly like the episodes on behavioral finance. Would recommend this podcast to anyone in the financial industry.

MPWHIT ,

So so performance from the host

“Um...ok”, the host said this probably 10 times in a 30 minute interview with Michael Kitces.

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