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Life Advisor
Exploration Beyond The Numbers

Life Advisor

At ACIMA Private Wealth, we share with our clients the belief that success is not about simply making a living, but making a life—and legacy—that is in perfect alignment with their values. By developing deep personal connections, we are able to help clients make positive changes in their lives and achieve extraordinary things.

Listening, challenging and motivating are a few of the ways we support clients in areas like goal setting, stress management and dealing with life changes. Leveraging the power of personal conversation, we act as catalysts helping to connect their inner passion to a life purpose. This exploration beyond the numbers often leads to improved personal relationships, a renewed sense of purpose and the reframing of life’s challenges into opportunities. As experienced guides, armed with a comprehensive understanding of our clients and their desired legacy, we can help develop strategies and provide resources to help bring their vision to reality.

 

Case Studies

Client Scenario #1

Legacy Development

Client: Frank Jr., (20), current college student
Client: Frank Sr. (55) and Frances (52), parents of Frank Jr.

Presenting Challenge:

  • “My family wants to run my life. I received the money and it is mine. I want to take a break from school to go travel and live it up while I am young and I can.”

Current Context:

  • Frank Jr. is struggling to find his way through his college courses. He is spending his time outside of the classroom, traveling and treating friends to extravagant experiences. Frank Jr. is all about having a good time and “enjoying life”. He seems to have a lack of motivation and passion when it comes to personal or professional growth. Frank Sr. and Frances are concerned that Frank Jr. is not focused on finding a path to a meaningful career or purposeful life. They each have guilt and regret about the money that Frank Jr. inherited at a young age. The current climate is creating strong tension between father and son.

Advising Strategy:

  • Based on the data and understanding of the client, Advisor will meet to build a plan to create a plan to ensure the  client is motivated in a productive way.

Life Advisor Role:

  • Meet with Frank Sr., Frances, and Frank Jr.
  • Explore current context and historic context of the family
  • Create structure of support – meet until thorough plan is developed
  • Provide objective, positive support and feedback to Frank Sr., Frances, and Frank Jr.
  • Realization of goal – Frank Jr. is motivated. He has created a plan for following new passions in personal and professional growth.

Client Scenario #2

Family Governance

Clients: John (75) and Heather (70) married, parents of two children (35 and 42)

Presenting Challenge:

  • “I have created success in my life. My family and I are secure and cared for in many ways. Unfortunately, we disagree about how to support the children moving forward. My wife wants to provide the children with money now, but I would like to wait for them to inherit.”

Current Context:

  • John is a retired corporate executive who is working on his transition from the corporate world. He is reluctant to gift to his children in a meaningful way. Heather feels that the children could benefit from a gift now and is encouraging John to give while they can enjoy seeing the impact of their gift. Financially, John and Heather are in a position to be able to gift to both children.

Advising Strategy:

  • Based on the data and understanding of the client, Advisor will meet several times with John and Heather to explore the advantages and disadvantages of gifting to their children during their lifetime.

Life Advisor Role:

  • Meet with John and Heather
  • Explore current context and historic context of the family
  • Create structure of support – meet until thorough plan is developed
  • Provide objective, positive support and feedback to John and Heather
  • Realization of goal – John and Heather determine that they will gift at a level both are comfortable with and leave the remaining wealth as an inheritance.

Client Scenario #3

Life Transition

Client: Sharon (42), mother of three children (5,10,14)

Presenting Challenge:

  • “I want to be back in the action! It is time for me to make a change, but I am struggling with where to start and how to create that change.”

Current Context:

  • Sharon is divorced and currently a stay at home mother. She has since stopped working and relies solely on her inherited wealth. She has a difficult time finding motivation and is struggling to find her place back in the work force. She is a competitive person and finds herself envious of her former colleagues’ success in the corporate world. She is searching for independence and how to leverage her skill set.

Advising Strategy:

  • Based on the data and understanding of the client, Advisor will meet with Sharon to build weekly goals toward career advancement and to assist with road blocks and snags that hinder her progress.

Life Advisor Role:

  • Meet with Sharon
  • Explore current context and historic context of family
  • Determine and construct individual goals – ones that naturally motivate Sharon
  • Create structure of support – face to face meetings and phone calls
  • Provide objective, positive support to Sharon through reviewing goal achievement
  • Realization of goal: Sharon has increased her search for work and meeting regularly with individuals in the community. She reports there are several viable leads for work and she is feeling independently successful.