Transition strategies and succession planning are predicated on a series of proactive decisions. A comprehensive succession plan encompasses issues beyond the obvious monetary ones, including ongoing control, ensuring that an entity or financial asset remains with a family, providing care for valued employees, establishing a legacy and intangible capital. Many business owners hand over the reins of their entities to a successor too late. Consequently, they may not maximize value, realize their intended vision of succession, or maintain their lifestyle in retirement.
The Case For Succession Planning explores several critical and relevant themes that help explain why succession planning is a complex and multidisciplinary ubiquitous challenge. Intuitively, entrepreneurs and business owners know that they need to plan for a sale, partnership or transfer of responsibility, but a latticework of tangible and intangible factors impedes progress. Blue Ocean Global Wealth believes this arduous challenge represents a compelling education opportunity.
Specific learning objectives that participants can expect as a result of the presentation:
- Engage professional advisors and business owners to convey the risks associated with not having a succession plan.
- Raise awareness that not having a plan is a ubiquitous, national phenomenon for professional advisors and their clients.
- Provide attendees with pertinent information and perspective on this national quandary.
- Provide guidance that facilitates the succession planning conversation.
- Empower attendees with a more expansive decision-making framework.
- Provide a practical roadmap through several qualified retirement plan options and facilitate a more informative conversation for advisors to help their business owner clients.
Quantify and qualify the both the tangible and intangible ramifications of not evaluating the optimal business retirement plan
Successfully representing diversity is a significant and complex educational undertaking. Over the past few decades, leaders have started to embrace diversity because the business world has become more global.
The practice of work is now more team focused. Today, the United States is experiencing a profound demographic and economic shift in terms of age, gender, and race. Our country and global population is aging disproportionally. The emergence of women in terms of leadership, entrepreneurship, and innovation is indisputable; women are an essential and integrated part of the American economy. The children of our increasingly diverse population represent America’s newest chapter of assimilation, progress, and opportunity.
Specific learning objectives that participants can expect as a result of the presentation:
- Engage financial advisors and convey the growth opportunity associated with serving diverse clients in terms of race, age, and gender.
- Raise awareness among the advisory community of how our profession will evolve in terms of diversity.
- Quantify and qualify the both the tangible and intangible advantages of embracing diversity.
- Highlight age and racial diversity and how our population is changing from a generation ago to 2050
- Provide a contextual roadmap that highlights specific races that are underserved from a financial planning standpoint.
- Provide attendees with pertinent information and historical context on the emerging affluence and influence of women.
- Educate advisors on creating a more expansive decision-making framework on how to expand their client base.
Social Security is also known as the Old Age, Survivors and Disability Insurance (OASDI) system.
Social Security provides a level of retirement security for the vast majority of Americans. Retirement age can be a decision reflecting when the client has sufficient financial capital to retire.
The lack of defined pension benefits and the emergence of the knowledge economy worker have changed the framework of retirement decisions.
The role of a financial advisor is to help clients address financial issues and personal values surrounding the decision when to claim Social Security. Advising clients when and how to claim Social Security benefits is one of the most important retirement income decisions.
A lack of retirement readiness in the United States is a major concern for current and future generations.
A confluence of factors, including market volatility, rising healthcare costs, uncertainty about Social Security benefits, low interest rates, and longevity magnify the importance of ensuring that individuals make the most informed retirement planning decisions.
Retirement plan design should incorporate the needs of an organization and its key decision makers. Retirement plans vary in terms of capability, transparency, and benefits.
Advanced Retirement Planning Strategies highlights the evolving retirement plan landscape, fiduciary responsibility, and unique plan design options.
When designed and implemented properly, retirement plans can prepare business owners for retirement, retain and attract talented employees, and support an organization’s sustainability.
Advisors are viewed as the qualified expert on matters related to financial planning, including the nuances of the financial markets, macroeconomics, Federal Reserve policy, and its effects on the portfolios they manage.
Having a more complete understanding of these issues, and the integration of these variables, is an integral part of a holistic approach to educating clients.
Effectively communicating key financial and macroeconomic concepts to clients prepares the financial advisor for the questions that may arise in discussions with clients and prospective clients.
Social media is a transformational platform for cultivating trust, increasing engagement, and expanding market share across both demographic and geographic boundaries.
Social media is not about selling, its about developing connections and communicating effectively. Great content drives engagement and marketing.
Participant learning objectives:
- Engage attendees on trends in social media.
- Educate on the specifics of each major social media platform, including LinkedIn, Facebook, Twitter, YouTube, Google+, Instagram, Snapchat, Pinterest, Tumblr, Periscope, and Yelp.
- Learn how to strengthen your digital brand and attract new customers through your social media profiles.
- Identify the secrets of successful social media engagement.
Mobile internet usage has experienced unprecedented growth: mobile search has grown 500% in the past 2 years.
Mobile technology has transformed how consumers interact and transact. According to Google, more than 50% of internet users are accessing the web from mobile devices, smart phones, and tablets.
Organizations without a complete mobile responsive experience lose market share and limit their opportunity set; those that commit and differentiate realize success.
Participant learning objectives:
- Update attendees on trends in mobile technology.
- Identify the new rules for effective mobile digital engagement.
- Provide cases studies that demonstrate the difference between mobile friendly and non-mobile friendly websites.
- Learn how and why a mobile responsive website and blog benefit your business.
- Understand the difference between responsive design and mobile design.
A rapidly changing technology landscape necessitates technology planning and has never been more critical to the growth and sustainability of a business.
The right technology decisions improve performance; the wrong technology decisions exacerbate challenges.
Technology planning is the process of meeting your organizational goals with a prudent allocation of your technological resources. Efficient and effective technology planning integrates strategy, branding, and execution across an organization.
Participant learning objectives:
- Provide a contextual framework of the six step technology planning process.
- Identify the elements required to develop and implement a sustainable technology plan.
- Understand how to identify a partner that coordinates your technology requirements, marketing resources, and strategic plan.
- Recognize the need for a transparent, accountable, and proactive technology partner.
