Demography is the wealth management industry’s biggest disrupter
The average age of a financial advisor client is 64 and will continue to rise
Average lifespans are lengthening and will only get longer
For the next 20 years the vast majority of industry profits will come from adults over 55
We enable financial advisors to identify and mitigate the risks that are the greatest threats to the financial security of older adults…
Like high health care and long-term care costs. Diminished financial decision-making capacity. Lack of transparency in financial management. Gaps in estate plans. Missing or incomplete health care directives. Financial fraud and abuse. Aging parent caretaking responsibilities. Where and when to move. When to quit driving.
...driving higher levels of client acquisition, engagement, and asset consolidation...
Charge incremental fees for the health and aging plans generated by the platform. Sell more protection products. Initiate better client conversations. Offer more personalized recommendations. Broaden and differentiate services and marketing messages. Get more introductions to the next generation. Consolidate current client assets and attract new clients.
...and enabling more effective compliance with senior protection and fiduciary regulations.
More successfully comply with FINRA Rule 4512 ("trusted contact"), NASAA Model Act to Protect Seniors, fiduciary and best interest rules, and other state and federal senior protection regulations.
Whealthcare Planning wins prestigious InvestmentNews Innovation Award
On April 17th, Whealthcare Planning received the award for best Educational Materials at the InvestmentNews Innovation Summit. We are pleased and honored to win this award.
And was chosen as a finalist for three 2019 WealthManagement.com Awards
We have been selected as a finalist in three Technology Provider categories for the 2019 WealthManagement.com Awards: Specialized Planning Applications, Risk Tolerance/Client Profiling, and Thought Leadership. The award ceremony will be held in New York City on September 12th.
Latest Whealthcare Planning News
August 26, 2019. Washington Post Whealthcare Planning Co-founder Carolyn McClanahan, MD, CFP offers her advice on how to address worries about a recession and its impact on retirement funds in a Washington Post article.
August 19, 2019. NerdWallet Whealthcare Planning Co-founder Chris Heye, PhD offers advice on how to avoid being a victim of a financial scam.
August 11, 2019. Forbes Whealthcare Planning Co-founder Carolyn McClanahan, MD, CFP provides a conversation guide on how to talk to aging parents about getting old.
August 5, 2019. InvestmentNews Our Whealthcare Planning platform was cited in InvestmentNews as a new technology to help financial advisors more effectively plan for health care costs.
July 1, 2019. NerdWallet Our Whealthcare Planning platform was highlighted in NerdWallet as a tool that helps aging parents organize important financial details.
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