A Senior Financial Planner is delivering a virtual seminar to which s/he has invited existing clients. Consider how the financial planner might employ their interpersonal skills to respond to the following tough question. A 45-year-old client asks, “I can’t help but think that the Pandemic, like the Great Depression, will affect everyone’s approach to their finances. I’m especially concerned about my Millennial children’s financial future. How can I help them build a solid foundation?” Describe three strategies and how you would convince a client to utilize them.

Need a paper written? Our academic experts can create an original essay on any subject for ~~$13.00~~ $11/page Learn More

The first strategy to build a solid financial foundation for the client’s Millennial children is related to the constant maintenance of their financial education. In particular, this goes beyond their lectures and seminars in educational establishments – the customer should spend extra time exploring some financial issues and resolving complicated tasks.

It will be essential to develop a versatile vision in their children coherently. In order to convince the customer to adhere to such a strategy, I will appeal to my important skill of emotional intelligence – social competence (empathy, in particular). I will demonstrate my personal concerns related to the issue and state that I understand why the client is worried in this vein and that I will adhere to the described approach as well.

The second strategy is related to the accumulation of capital that will be used to ensure the children’s financial future. It is essential to possess significant financial assets that will be spent on their education obtained in prestigious institutions.

In order to deliver this idea convincedly, I will use the approach of active listening so that the customer can feel that I am interested in the topic and in providing proper advice in this vein. Particularly, I will focus all my attention on the client, make eye contact, be patient, and avoid discouraging responses.

The third strategy is related to the development of the children’s financial literacy. Lack of the latter can lead to making unwise financial decisions that can have an adverse impact on a person’s financial condition and even drive them into debt. Therefore, in developed countries, governments create special educational resources for people who want to become financially literate.

They are more efficient and successful in life, regardless of in which country, in what positions, and in what area they work. I would convince the client to utilize this strategy by appealing to the PRES method, which seems suitable in this regard.

Rate the answer:

Answer by Academic.tip's expert

An answer to this question is provided by one of our experts who specializes in business & economics. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2023) 'A Senior Financial Planner is delivering a virtual seminar to which s/he has invited existing clients. Consider how the financial planner might employ their interpersonal skills to respond to the following tough question. A 45-year-old client asks, “I can’t help but think that the Pandemic, like the Great Depression, will affect everyone’s approach to their finances. I’m especially concerned about my Millennial children’s financial future. How can I help them build a solid foundation?” Describe three strategies and how you would convince a client to utilize them'. 7 February.

Reference

Academic.Tips. (2023, February 7). A Senior Financial Planner is delivering a virtual seminar to which s/he has invited existing clients. Consider how the financial planner might employ their interpersonal skills to respond to the following tough question. A 45-year-old client asks, “I can’t help but think that the Pandemic, like the Great Depression, will affect everyone’s approach to their finances. I’m especially concerned about my Millennial children’s financial future. How can I help them build a solid foundation?” Describe three strategies and how you would convince a client to utilize them. https://academic.tips/question/a-senior-financial-planner-is-delivering-a-virtual-seminar-to-which-s-he-has-invited-existing-clients-consider-how-the-financial-planner-might-employ-their-interpersonal-skills-to-respond-to-the-foll/

References

Academic.Tips. 2023. "A Senior Financial Planner is delivering a virtual seminar to which s/he has invited existing clients. Consider how the financial planner might employ their interpersonal skills to respond to the following tough question. A 45-year-old client asks, “I can’t help but think that the Pandemic, like the Great Depression, will affect everyone’s approach to their finances. I’m especially concerned about my Millennial children’s financial future. How can I help them build a solid foundation?” Describe three strategies and how you would convince a client to utilize them." February 7, 2023. https://academic.tips/question/a-senior-financial-planner-is-delivering-a-virtual-seminar-to-which-s-he-has-invited-existing-clients-consider-how-the-financial-planner-might-employ-their-interpersonal-skills-to-respond-to-the-foll/.

1. Academic.Tips. "A Senior Financial Planner is delivering a virtual seminar to which s/he has invited existing clients. Consider how the financial planner might employ their interpersonal skills to respond to the following tough question. A 45-year-old client asks, “I can’t help but think that the Pandemic, like the Great Depression, will affect everyone’s approach to their finances. I’m especially concerned about my Millennial children’s financial future. How can I help them build a solid foundation?” Describe three strategies and how you would convince a client to utilize them." February 7, 2023. https://academic.tips/question/a-senior-financial-planner-is-delivering-a-virtual-seminar-to-which-s-he-has-invited-existing-clients-consider-how-the-financial-planner-might-employ-their-interpersonal-skills-to-respond-to-the-foll/.

Bibliography

Academic.Tips. "A Senior Financial Planner is delivering a virtual seminar to which s/he has invited existing clients. Consider how the financial planner might employ their interpersonal skills to respond to the following tough question. A 45-year-old client asks, “I can’t help but think that the Pandemic, like the Great Depression, will affect everyone’s approach to their finances. I’m especially concerned about my Millennial children’s financial future. How can I help them build a solid foundation?” Describe three strategies and how you would convince a client to utilize them." February 7, 2023. https://academic.tips/question/a-senior-financial-planner-is-delivering-a-virtual-seminar-to-which-s-he-has-invited-existing-clients-consider-how-the-financial-planner-might-employ-their-interpersonal-skills-to-respond-to-the-foll/.

Work Cited

"A Senior Financial Planner is delivering a virtual seminar to which s/he has invited existing clients. Consider how the financial planner might employ their interpersonal skills to respond to the following tough question. A 45-year-old client asks, “I can’t help but think that the Pandemic, like the Great Depression, will affect everyone’s approach to their finances. I’m especially concerned about my Millennial children’s financial future. How can I help them build a solid foundation?” Describe three strategies and how you would convince a client to utilize them." Academic.Tips, 7 Feb. 2023, academic.tips/question/a-senior-financial-planner-is-delivering-a-virtual-seminar-to-which-s-he-has-invited-existing-clients-consider-how-the-financial-planner-might-employ-their-interpersonal-skills-to-respond-to-the-foll/.

Copy