Can AI really replace the personal touch in financial planning, or does it just help us make better choices?
This week on The M Word, Jennifer chats with Andy Esser, a financial advisor with over 20 years of experience in finance and law. Andy dives into why it’s crucial to understand not just the numbers, but what really matters to clients—like their values and passions. He shares his unique method of digging deep into what drives people, helping them align their financial goals with their life aspirations.
“Be interested, not interesting. Whenever I’m chatting with someone, my core desire is to get to know them.”
With the rise of AI and tech in the finance world, Andy makes a strong case for keeping the human touch in financial advising. Sure, AI can crunch numbers, but it can’t connect on a personal level the way a real advisor can. Andy shares essential advice for anyone considering wealth transfer, managing family finances, or looking to make smarter money choices that genuinely align with their values.
If you’re curious about financial planning or how technology is changing the game, this conversation is packed with insights that will resonate with you. Whether you’re in the finance field or just trying to get a grip on your own financial journey, Andy’s perspective is both refreshing and relatable!
Key Take-Aways
- Value-Driven Financial Goals: Understanding your values and interests is crucial for setting financial goals that truly resonate with you, leading to more meaningful financial planning.
- The Importance of Wealth Transfer Conversations: Engaging in open discussions about wealth transfer can strengthen family bonds and help the next generation appreciate the hard work behind accumulated wealth.
- AI in Financial Services: While AI can enhance efficiency in financial planning, it cannot replace the human connection and wisdom that comes from personalized advice and understanding clients’ unique situations.
- Rent vs. Own Philosophy: When considering major purchases, like a vacation home, think critically about whether ownership aligns with your lifestyle, emphasizing the idea of enjoying experiences without the burden of ownership.
- The Great Wealth Transfer: With trillions of dollars set to pass to the next generation, financial advisors play a vital role in facilitating conversations around inheritance and helping families navigate this transition thoughtfully.
About Our Guest
With over 20 years of experience in finance and law, Andy Esser specializes in helping families navigate their finances and strengthen their relationships. In today’s unpredictable world, he is committed to providing actionable and trustworthy guidance to ensure lasting legacies. Leading a dedicated wealth management team, Andy facilitates challenging conversations for families and business owners, helping them emerge stronger and more united.
Connect with Andy on Linkedin.
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