Focusing on the Emotional Side of Financial Education With Fiat Wealth Management

Fiat Wealth Management is providing people with the understanding they need to enjoy their retirement instead of focusing solely on their account balance.

Providing People With the Financial Advice They Need to Enjoy Their Retirements

Fiat Wealth Management has been providing financial advice to a wide variety of clients in the Twin Cities area of Minnesota since 2009. Within the past two years, they have expanded their services across the entire country. Its two founders, Brad Gotto and Matt Stahl, have found that retirement is among the most common concerns that their clients have. However, they also believe that many of these clients don’t necessarily have their priorities quite in order.

That’s why much of their advice focuses on providing the essential financial education that present or soon-to-be retirees need to better contextualize their saving and spending habits. Before this helpful advice from Gotto and Stahl, many of their clients worry excessively over their savings, no matter how substantial they might be.

The Careful Savers Who Need to Learn How to Spend

Part of what Fiat Wealth Management does to help these people is through what they call “teaching them how to spend.” Many of their clients have spent decades with their sole financial aim being to amass the largest possible savings for retirement.

While there is no question that prudent and effective saving is essential to a fruitful retirement, they are missing parts of the bigger picture. A balance can be found between careful saving and enjoying what they already have.

Gotto and Stahl often encourage their clients to consider what their actual intentions for their retirement are. In many cases, their current savings are already enough or even beyond enough to realize their goals.

They also find that the extent to which their clients worry about their savings typically has little to do with their actual situation. Those with plenty of savings, more than any reasonable lifestyle could require, are often among the most concerned for their future financial picture. 

Instead of focusing on the optimal strategy for income, savings, and taxes, these people could be sharing their wealth with their children, supporting causes important in their own eyes, or otherwise living their lives to the fullest.

That isn’t to say that the technical side of things isn’t an essential part of what Gotto and Stahl do as fee-only fiduciary advisors. Optimizing financial plans for today, five years, ten years, and even further towards the horizon is crucial to retirement planning.

The point that Fiat Wealth Management emphasizes for its clients is to find the balance that’s going to work for each one of these points.

Changing the Way Their Clients Approach Retirement

Conventional financial advice has an incredibly strong focus on accumulation, without any real attention paid to what those accumulated funds are going to be used for when the time comes.

Fiat Wealth Management provides people with the essential financial advice they need to plan for retirement, along with the education and understanding they need to enjoy it. Anyone interested in their financial management services can reach out to Fiat Wealth Management for a complimentary visit.

Advisory services are offered through Foundations Investment Advisors, LLC, a SEC registered investment adviser.

Engel & Völkers 30A Beaches Smashes Sales Records with Billion-Dollar Year

Engel & Völkers Florida’s 30A Beaches location recently announced a record-breaking sales year for 2021. The luxury real estate brokerage was ranked #1 in Gross Commission Income among Engel & Völkers shops in Florida, vastly outperforming even their own lofty expectations.

Engel & Völkers 30A Beaches broker Libby Roozen highlighted the incredible performance of the entire 30A Beaches team, with several notable sales – including a record-setting home sale in Alys Beach.

Engel & Völkers Florida’s 30A Beaches had an incredible year,” Roozen said. “One of our biggest accomplishments in 2021 was hitting over one billion dollars in sales volume.”

Reaching a company-wide goal of that magnitude would not have been possible without the hard work of the advisors who make up the 30A Beaches franchise. As Roozen explained, every advisor had a significant role in the firm exceeding its sales targets.

“Our 76 advisors made this possible by hitting record highs in the market,” Roozen said. “In 2021, we closed a total of 808 transactions with an average sales price of $1.25 million.”

Their phenomenal sales figures were made possible because of consistent excellence from the entire roster of advisors, including several astounding property sales.

“We are so proud to represent one of the highest sales in the area,” Roozen said. 

The property, a single-family Gulf-front home located along Scenic Highway 30A, recently sold for $12.5 million. The deal was brokered by The Blankenship Group representing the seller and the Bobby J Team representing the buyer. Both groups work within the Engel & Völkers 30A Beaches shop.

That was not the only memorable deal of the year. In summer 2021, Karen Holder and Nikita Korkh sold an Alys Beach property with a closing price of $8.5 million. It represented the highest price per square foot of a single-family home in Alys Beach.

Finally, the Bobby J Team closed out the incredible sale of an oceanfront home on Camp Creek Point in Inlet Beach. The home sold with an impressive closing price of $7.195 million after only one day on the market. 

These were only a few of the highlights in what was an astonishing sales year for the team at 30A Beaches. However, they believe that the year ahead has the potential to be even better.

“As we enter into the new year, we want to thank all of our advisors, clients and administration for being able to make this all possible,” Roozen said. “We have major plans for 2022.”

At least one thing will remain the same, however. Engel & Völkers Florida’s 30A Beaches will continue to provide the highest quality experience for clients searching to buy or sell a home in the area.

“Reach out to any of our advisors for the best possible real estate experience,” said Roozen.

Engel & Völkers 30A Beaches is part of Engel & Völkers Florida, the Master License Partner of Engel & Völkers throughout the state of Florida. Engel & Völkers is a global luxury real estate brand with an international network of over 14,000 real estate advisors in 30 countries.

For more information about Engel & Völkers 30A Beaches, including new listings in Alys Beach, Seacrest, Rosemary Beach, and Inlet Beach, visit www.30abeaches.evrealestate.com.

Las Vegas Divorce Attorney Jennifer Abrams Provides Insight Into the Legal Profession

Jennifer Abrams is the founder of The Abrams and Mayo Law Firm and a board certified divorce attorney based in Las Vegas, Nevada. With a passion for the law, Jennifer chose her career path early on in her education. She obtained her undergraduate degree in Business Administration: Accounting Theory and Practice from California State University and eventually went on to pursue a law degree from Pepperdine University School of Law, where she graduated Magna Cum Laude. With a clear career trajectory focused on complex financial matters, she passed the CPA examination, which is considered one of the most challenging credentialing examinations. Her understanding of complex financial procedures and systems has proven invaluable in representing high net-worth divorce clients.

What should litigants look for when choosing a divorce lawyer?

There are all types of divorce matters. I exclusively handle complex and high-asset cases so my answers reflect that section of the legal landscape. First, I suggest starting with credentials. Seek out a lawyer who is a Board Certified Family Law Specialist if your state bar provides attorneys with such an accreditation. Additionally, a Fellow of the American Academy of Matrimonial Lawyers (AAML) indicates an even more skilled and experienced divorce lawyer. These are two of the hardest credentials for an attorney to obtain. Unlike bar association memberships (which only require a short application and a fee), a significant amount of trial litigation experience, Continuing Legal Education, and passing a rigorous exam is required to become a Board Certified Family Law Specialist. Once an attorney obtains state bar certification, he or she can apply for Fellowship in the AAML, which has an even more stringent and rigorous application process and examination.

It is a good idea to get multiple opinions. Once you define a group of qualified divorce lawyers suited to your case, I would suggest calling each office for a consultation. Then, after careful consideration, select the divorce lawyer who provides you with leadership and guidance, and whose style is compatible with yours. You should feel comfortable speaking with your attorney openly. This is a key factor because divorce matters often contain sensitive personal issues and your attorney must know all the case facts to properly represent you. Nothing blows-up a divorce case faster than your attorney being blind-sided by the opposing counsel because you were not forthcoming with relevant personal (and sometimes embarrassing) information. You should trust that your attorney has your best interests in mind, and takes the time to address your concerns and answer your questions. You should also be provided consistent communication so you are kept apprised as to what is happening in your case and can be involved in the decision-making process.

Do you accept every potential client who contacts you?

When a potential client calls our office, we first ask for the names of both parties so we can check for conflicts. While it does not happen every day, it is not uncommon for both spouses in a divorce matter to separately contact our office. So if Spouse A calls for a divorce consultation and I meet with Spouse A, and then a few days later Spouse B calls, I cannot speak with Spouse B. In fact, we take our duty of confidentiality so seriously that we would not even let Spouse B know that Spouse A sought a consultation for divorce. Under those circumstances, we simply would not return Spouse B’s call at all.

If there is no conflict, I personally return the call or, if I am unable to do so promptly, I ask one of my partners to return the call. The goal is to determine the needs of the caller and whether or not a consultation with our firm would be appropriate. I never want to schedule someone for a consultation and take their time or mine, only to learn that they are in the wrong jurisdiction or that the potential client does not require the high-powered legal representation we provide. In those instances, I refer the potential client to other law firms better suited for their case.

What do you expect from your clients?

Just like every lawyer is not right for every client, the reverse is true as well. At our law firm, one attorney and one paralegal are generally assigned to each case, though certain high net-worth divorce matters may require more attorneys and staff. Regardless, I expect the client to be a part of the team – to provide information when requested, participate in strategizing and decision-making, respond to emails and calls, and to follow instructions. If a client does not fully participate in achieving the best outcome for their case, then we are probably not a good match.

What is your general style and approach?

First, I want to know as much as possible about the client’s current situation, the history of their marital experiences, and their case goals. This occurs in a formal consultation which lasts approximately two hours. Sometimes potential clients are so overwhelmed when they come to a consultation, they haven’t fully defined their goals. I guide clients to see the situation realistically and make sound decisions. We analyze options and cost vs. benefit, taking into consideration not only financial issues, but the toll that litigation can take on the client, their children, or other members of the family. Once I have a complete understanding, I look for the most efficient and strategically beneficial approaches. Then I discuss each aspect with the client, and together we create a customized plan going forward.

Do you have any advice for those entering the legal profession?

My advice is to choose an area of law that most interests you and where you think you can have the greatest impact for your clients. There are numerous general areas of law, and within each, legal specialties. Specialty practices are the most rewarding, both professionally and financially. When a client has a serious legal matter with significant risks, they usually choose a specialist attorney, so if you are a board certified specialist, you will never be looking for clients. Instead, it is the clients who will seek you out. It’s also important to work hard and be patient. No attorney achieves an expert specialist designation overnight. It requires years of experience, a stellar reputation in your local legal community, and a consistent track record of success.