Meet Zak!

In this conversation, host Zane Stevens interviews Zach Swad, a wealth advisor and founder of Swad Wealth Management. They discuss the role of a wealth advisor, Zach's journey in the financial sector, and the principles of wealth management. Zach emphasizes the importance of a holistic approach to financial planning, considering all aspects of a client's financial life. He also highlights the significance of behavior and psychology in investing and the need for personalized financial strategies.

The conversation explores the challenges of balancing preservation and growth of assets in retirement and the importance of aligning money with one's values and priorities. Zack also highlights the significance of understanding clients' values and goals to create meaningful financial plans.

He shares his own challenges of finding balance between growth and enjoying the present moment. Zack's advice is to work hard, focus on helping others, and make the most of time.

Takeaways

- A wealth advisor is someone who looks at all aspects of a client's financial life, including investments, taxes, insurance, and estate planning.

- Zach's interest in finance and investing started at a young age when his grandfather gifted him stocks.

- Zach pursued a career in finance, specializing in investments, and eventually became a wealth advisor at Charles Schwab.

- He founded Swad Wealth Management to have a greater impact on his clients' lives and provide personalized financial planning.

- In retirement planning, it is important to balance the preservation and growth of assets while aligning money with one's values and priorities.

- Many people in retirement tend to underspend and miss out on experiences, so it is crucial to find the right balance between enjoying life and ensuring financial security.

- Starting his own business allowed Zach to have more flexibility and work-life balance, which is important for him and his family.

- Personalized financial plans that align with clients' values and goals are crucial for a successful retirement.

- Working hard, focusing on helping others, and managing time effectively are key to success.

Sound Bites

"A wealth advisor is somebody that is looking at all of the aspects of your financial life."

"I love investments. So I specialized in investments."

"Registered Life Planner (RLP) is really financial planning done right."

Chapters

00:00 Introduction to Protea Conversations

02:21 Understanding the Role of a Wealth Advisor

08:18 The Importance of Continuous Learning and Professional Development

10:56 Transitioning from Charles Schwab to Starting His Own Business

24:31 A Typical Day in the Life of a Wealth Advisor

27:03 Preserving, Growing, and Distributing Assets in Retirement

29:11 Balancing Enjoyment and Financial Security in Retirement

32:00 Understanding the Phases of Retirement

35:07 The Importance of Emotional Connection

37:24 Going Beyond Numbers in Financial Planning

39:31 Finding Balance: Growth vs. Enjoying the Present Moment

41:41 Working Hard, Helping Others, and Managing Time Effectively

LinkedIn personal - https://www.linkedin.com/in/zackswad/

LinkedIn business - https://www.linkedin.com/company/swad-wealth-management/