TruthBook Religious News Blog

Jesus and the Urantia Book

Blog Stories
The Wisdom of Marriage
Who Was the First Man?
"Charter for Compassion"
Contemplative Prayer

Quote Of The Day

Search the Urantia Book only

The Urantia Book

Jesus And The Urantia Book

Urantia Book Video

Urantia Book Audio

Heartwarming And Humorous Stories

Discussion Forum

Answers To Life's Toughest Questions

How The Urantia Book Changed My Life

Spiritual Studies

Buscar solo en El libro de Urantia

El Libro De Urantia

Procure apenas no Livro de Urântia

O Livro De Urantia

TruthBook Religious News Blog

TruthBook Religious News Blog
Religious News Blog Home | Previous Religious News Articles | See More Blogs
Discussion Board

Friday, January 02, 2009

Wealth advisers filling a new counseling role in tough times

The erosion of personal wealth, along with local and national stories about massive financial fraud, are causing people to re-examine everything from their grocery bills to how they valuate themselves as human beings. And that creates some intense and revealing conversations with the ones who know them as intimately as anyone: their financial advisers.

“Instead of a five- to 10-minute talk about the markets, we’re talking about faith and values, and right and wrong,” said Suzann Brown, a partner with Virchow Krause & Co. Wealth Management in Minneapolis. “The big question is, ‘How did we get here?’ and it’s a much more emotional conversation. And you have to be willing to have the conversation. That’s how we can create calm and peace of mind without being able to fix what’s happening on CNBC.”

Besides fear and grief, the intense introspection that follows a dramatic drop in personal wealth can unearth a sense of guilt in some people, said Kathy Kuehl, a principal with Minneapolis wealth-management firm Lowry Hill. Kuehl recently had a meeting with a client who had given some money to her grandchildren and then watched as their accounts shriveled because of the recent market turmoil.

While the questions Kuehl has been asking her clients have become more introspective and abstract in the wake of recent financial fraud cases, her clients also are asking some fundamental questions about the role of trust in the adviser-client relationship.

“If you look at everything that’s happened with [disgraced Wall Street financier Bernie] Madoff, people are re-evaluating their relationships with their advisers,” Kuehl said. “Who can I trust? Am I getting good advice? Am I not getting taken? No matter how much money you have, everybody has to be cautious about their adviser relationship.”

That kind of conversation can ultimately lead to a deeper, more intimate relationship, said Brown, who recounted a recent conversation she’d had with a widowed client in her 70s. The woman asked Brown if she was going to be OK, and Brown reassured her that, with some lifestyle adjustments, she would be OK. Brown, who had never talked about spiritual matters with a client, even after 9/11, recommended that the client turn her television off and reflect on the things in her life for which she was grateful.

“Once we get into this conversation about hopefulness and gratitude, that’s where the spirituality of the conversation takes on a little meaning.”

Labels: faith, fear, financial advisors, grief, the economy, values

Permalink | Link to External Source Article

Monthly Archives - Previous Articles
03/01/2003 - 04/01/2003 04/01/2003 - 05/01/2003 05/01/2003 - 06/01/2003 06/01/2003 - 07/01/2003 07/01/2003 - 08/01/2003 08/01/2003 - 09/01/2003 09/01/2003 - 10/01/2003 10/01/2003 - 11/01/2003 11/01/2003 - 12/01/2003 12/01/2003 - 01/01/2004 01/01/2004 - 02/01/2004 02/01/2004 - 03/01/2004 03/01/2004 - 04/01/2004 04/01/2004 - 05/01/2004 05/01/2004 - 06/01/2004 06/01/2004 - 07/01/2004 07/01/2004 - 08/01/2004 08/01/2004 - 09/01/2004 09/01/2004 - 10/01/2004 10/01/2004 - 11/01/2004 11/01/2004 - 12/01/2004 12/01/2004 - 01/01/2005 01/01/2005 - 02/01/2005 02/01/2005 - 03/01/2005 03/01/2005 - 04/01/2005 04/01/2005 - 05/01/2005 05/01/2005 - 06/01/2005 06/01/2005 - 07/01/2005 07/01/2005 - 08/01/2005 08/01/2005 - 09/01/2005 09/01/2005 - 10/01/2005 10/01/2005 - 11/01/2005 11/01/2005 - 12/01/2005 12/01/2005 - 01/01/2006 01/01/2006 - 02/01/2006 02/01/2006 - 03/01/2006 03/01/2006 - 04/01/2006 04/01/2006 - 05/01/2006 05/01/2006 - 06/01/2006 06/01/2006 - 07/01/2006 07/01/2006 - 08/01/2006 08/01/2006 - 09/01/2006 09/01/2006 - 10/01/2006 10/01/2006 - 11/01/2006 11/01/2006 - 12/01/2006 12/01/2006 - 01/01/2007 01/01/2007 - 02/01/2007 02/01/2007 - 03/01/2007 03/01/2007 - 04/01/2007 04/01/2007 - 05/01/2007 05/01/2007 - 06/01/2007 06/01/2007 - 07/01/2007 07/01/2007 - 08/01/2007 08/01/2007 - 09/01/2007 09/01/2007 - 10/01/2007 10/01/2007 - 11/01/2007 11/01/2007 - 12/01/2007 12/01/2007 - 01/01/2008 01/01/2008 - 02/01/2008 02/01/2008 - 03/01/2008 03/01/2008 - 04/01/2008 04/01/2008 - 05/01/2008 05/01/2008 - 06/01/2008 06/01/2008 - 07/01/2008 07/01/2008 - 08/01/2008 08/01/2008 - 09/01/2008 09/01/2008 - 10/01/2008 10/01/2008 - 11/01/2008 11/01/2008 - 12/01/2008 12/01/2008 - 01/01/2009 01/01/2009 - 02/01/2009 02/01/2009 - 03/01/2009 03/01/2009 - 04/01/2009 04/01/2009 - 05/01/2009 05/01/2009 - 06/01/2009 06/01/2009 - 07/01/2009 07/01/2009 - 08/01/2009 08/01/2009 - 09/01/2009 09/01/2009 - 10/01/2009 10/01/2009 - 11/01/2009 11/01/2009 - 12/01/2009 12/01/2009 - 01/01/2010 01/01/2010 - 02/01/2010 02/01/2010 - 03/01/2010 03/01/2010 - 04/01/2010

News Archives Predating March 2003

RSS Feed

Blogroll Me!

Blogarama
The Urantia Book : Pictures of Jesus : Angel Pictures: Inspirational Quotes : Life After Death : Story of Jesus : Truthbook.com : Urantia : The Urantia Book

The Urantia Book

The Urantia Book

The Urantia Book

The Urantia Book

The Urantia Book

The Urantia Book