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On this episode of the RIA Edge Podcast, David Armstrong, editorial director for Informa Join’s Wealth Administration Group, talks with Michael Conway, founder and CEO of Conway Wealth, about their bespoke method to wealth administration companies for the high-net-worth market. The agency has a singular course of for understanding shoppers’ values and priorities past finance and creating customized plans that talk to their longer-term objectives and values. Entry to a vetted roster of pros within the fields of well being, vitamin, journey and household dynamics is a part of the worth proposition at Conway. Their custom-made emphasis on every consumer has fueled vital progress in recent times and allowed the agency to make a serious funding in growing their very own fintech with Seeds Investor, an funding platform that facilitates consumer conversations and offers advisors a path towards deeper and extra significant portfolios and monetary plans.
Particularly, David and Michael focus on:
- Conway Wealth focuses on discovering every consumer’s motivations and priorities and seeks to tailor a custom-made plan that strikes past investments to handle their longer-term life objectives.
- How the agency formalized its Life & Wealth Community, designed as an unique affiliation of pros and platforms to offer shoppers with steering on well being, vitamin, relationships, leisure, safety, and charitable giving, and the way Michael thinks concerning the economics of utilizing a accomplice community versus bringing companies in-house.
- The metrics that Michael watches carefully to make sure the agency is operating effectively and to flag capability issues earlier than they negatively impression the consumer expertise.
- The choice to construct their very own stand-alone funding platform, Seeds Investor, to carry consumer values and priorities into planning discussions and constructing bespoke portfolios.
Sources:
Join With David Armstrong:
Join With Michael Conway:
LinkedIn: Michael Conway
About Our Visitor:
Michael Conway is founder and CEO of Conway Wealth Group, a premier, unbiased monetary planning and advisory group. He’s additionally a shareholder of Summit Monetary, LLC.
As a profitable and well-respected monetary advisor, Michael has spent greater than 30 years constructing his follow and offering shoppers with specialised options that mix monetary and property planning methods with open structure funding administration.
Michael’s excessive web value shoppers embody profitable entrepreneurs, nook workplace executives, CEOs, CFOs, Wall Avenue professionals, skilled athletes, and others, all with vital wealth tied to their companies or employers. Michael’s course of focuses on main shoppers towards Aligning Life & Wealth by focusing not simply on funding features, however the necessary components of life that create lasting happiness for households.
Michael is a member of the Monetary Planning Affiliation and has earned Licensed Monetary Planner® and Chartered Monetary Marketing consultant® credentials. As well as, Michael is regularly regarded to as an skilled in monetary information media and has been featured in varied publications, together with Barron’s, the Wall Avenue Journal, Funding Information, and Investor’s Enterprise Day by day, amongst others. He was additionally named one of many 100 Most Influential Advisors by Investopedia.