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'Conversations That Matter: Addressing Client Concerns, Hopes and Dreams in Uncertain Times' Gets Nod From Panel of Industry Judges


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LEAWOOD, Kan., June 9, 2021 /PRNewswire/  Impact Communications, Inc. (www.ImpactCommunications.org), a full-service marketing and PR firm that works exclusively with independent financial advisors and allied institutions such as custodians, independent broker/dealers, consulting companies and fintech firms, today announced that it has been named a finalist for the Digital Campaign of the Year in the Marketing/PR Firm category of the WealthManagement.com Industry Awards for the Conversations That Matter project, which was produced in partnership with the Advisory Solutions arm of Allianz Life Insurance Company of North America (Allianz Life) (https://www.allianzlife.com/for-financial-professionals/the-conversations-that-matter-project). The Conversations That Matter project was also honored in a second category, with Allianz Life Insurance Company of North America named as a finalist in the Insurance/Service category. ....

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Wealthy parents face delicate balance when passing their money on to their children — especially the wayward ones


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When it comes to passing wealth on to children, Carl Richards, a financial planner and author of The Behavior Gap, is clear that parents should not put off the discussion: “The best time to learn to have conversations about money with your children is when they are small,” he said. “The second-best time is now. You’ve just got to have these conversations — and they will be tough.”
Throwing family into the mix can ratchet up tensions around money and the fallout can tear families apart. Last year, a 41-year-old highly educated solicitor failed in a legal bid in the United Kingdom to compel his parents to continue their financial support for him. In another recent case in the U.K., a family racked up considerable legal bills before reaching a settlement with a daughter who had demanded a share of her family home. ....

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