At Family Wealth Counseling, we believe that true wealth extends beyond mere financial assets. Our unique approach, embodied in The Impact Culture™ Model, integrates both tangible and intangible resources to create a comprehensive plan for your family’s future. This guide will walk you through each phase of our model, illustrating how we help families codify their values, magnify their meaning, and ultimately shape a lasting culture of impact.
Phase 1: Codify Your Why™
Leadership and Coaching
In the first phase, we emphasize the importance of understanding your motivations and values. We bring leadership and coaching to the table, helping you explore what your next phase of impact can mean for your family.
This phase involves a thorough inventory of both your intangible and tangible resources.
Intangible Impact Resources
We begin by identifying your intangible resources: the talents, beliefs, and life experiences that have shaped your journey. This includes your core values, the wisdom driving your successes, and how you mentor, lead, and contribute.
Achieving clarity in this area is essential for comprehensive planning.
Tangible Impact Resources
Next, we assess your tangible resources, organizing your total wealth picture. This includes your investment portfolio, insurance, real estate, and other assets. For many, this holistic view reveals more philanthropic potential than previously anticipated. By understanding your complete financial landscape, we can better support your desired lifestyle.
Phase 2: Magnify Your Meaning™
Intentionality and Alignment
With a clear picture of your resources, we move to Phase 2, focusing on intentionality. Here, we define your Impact Drivers—the people, places, and causes to which you’ll direct your resources. Traditional retirement planning often lacks this dynamic approach, assuming a static lifestyle. Instead, we recognize that life is more of a bell curve, with active early years followed by quieter phases.
Dynamic Financial Planning
We align your investment choices, tax strategies, timing, and cash flow with your personal rhythm. This approach offers agility, flexibility, and a more accurate long-term view, ensuring that your financial plans are in harmony with your life’s natural ebb and flow.
Phase 3: The Culture Maker™
Creating a Living Document
In the final phase, we synthesize your Impact Resources and Impact Drivers into a written action plan. This plan outlines the who, why, and when of your family’s future influence. While values define who you are, culture defines what you do with those values and how long it lasts.
Intentional Life Path and Strategy
Together, we design a strategy that illuminates your twilight years, creating a living, breathing document that guides all of our work together. This Impact Culture provides clear context and a durable framework for empowered decision-making, serving as a touchstone for your achievements and a path to your bigger future.
Conclusion
The Impact Culture™ Model at Family Wealth Counseling is designed to help you leverage your full potential, aligning your financial and non-financial resources with your deepest values and aspirations. By codifying your why, magnifying your meaning, and shaping your culture, we provide a comprehensive guide for your family’s enduring legacy. Embrace this journey with us and create a future that’s as impactful as it is intentional.
FAQs
What is The Impact Culture™ Model?
The Impact Culture™ Model is a comprehensive approach to wealth management that integrates both tangible and intangible resources. It helps families codify their values, magnify their meaning, and shape a lasting culture of impact.
Why is it important to inventory both intangible and tangible resources? Inventorying both types of resources ensures a holistic understanding of your wealth. Intangible resources, like talents and values, are just as crucial as financial assets in shaping your family’s future and legacy.
How does The Impact Culture™ Model differ from traditional retirement planning?
Traditional retirement planning often assumes a static lifestyle and linear financial projections. The Impact Culture™ Model recognizes the dynamic nature of life, aligning financial strategies with personal rhythms and phases of activity.
What are Impact Drivers?
Impact Drivers are the people, places, and causes you’re passionate about and wish to support. Identifying these drivers ensures your resources are directed towards what truly matters to you.
How does Family Wealth Counseling help in creating an intentional life path?
We work with you to design a strategy that aligns with your values and future aspirations. This involves creating a living document that guides decision-making and ensures your impact is both meaningful and lasting.
What is the purpose of the living document created in Phase 3?
The living document, developed in Phase 3, serves as a touchstone for your family’s values and future plans. It provides a clear context and framework for empowered decision-making, adapting to new circumstances and guiding your journey forward.
