What COVID-19 Taught Us About the Future of Financial Advice with Jack Sharry

2023-03-21

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The COVID-19 pandemic changed the way we think about everything - the way we work, the way we interact, the way we approach safety, healthcare, and even grocery shopping. COVID-19 forced many people to reflect on the state of their finances and underscored the importance of planning for unforeseen circumstances. The ability to lean on trusted financial advisors proved to be more crucial than ever. In this episode, Jack Sharry, LifeYield's EVP, Chief Growth Officer, takes the spotlight and is joined by Matt Nollman, VP of Marketing, as host. Jack shares what investors should focus on when ...

In this episode, Jack Sharry, LifeYield's EVP, Chief Growth Officer, takes the spotlight and is joined by Matt Nollman, VP of Marketing, as host. Jack shares what investors should focus on when faced with uncertainty and why human connection is vital even in a digital world. COVID-19 showed us that the unknown could and will happen, whether it’s an unexpected medical bill or a global pandemic.

Jack speaks with Matt about what COVID-19 taught us three years later: why purpose, control, human connecting, and comprehensive wealth management matter.

Key Takeaways

[02:14] - An overview of lessons learned from COVID.
[04:06] - Why financial planning matters.
[06:30] - What is the purpose of your wealth?
[09:09] - What investors should focus on in uncertain times.
[12:07] - Why people prefer humans over bots.
[15:20] - Why clients need a comprehensive wealth management approach.
[18:35] - How is this quarter different?
[20:44] - Jack’s key takeaways.

Quotes

[09:32] - “Taxes are the most considerable and controllable expense in retirement.” ~ Jack Sharry

[13:03] - “Everyone I speak with agrees: financial advisors won't be replaced with AI or robots. Yes, they'll be enhanced by those capabilities, but they won't be replaced.” ~ Jack Sharry

[21:10] - “Managing assets, liabilities, and life decisions in a comprehensive way, matters.” ~ Jack Sharry

Links

Merrill Lynch
J.P. Morgan
Wells Fargo
Wells Fargo Introduces LifeSync®, A Digital Platform to Help Clients More Easily Plan and Track Their Money
NYU Stern

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