Finn Wealth head earns coveted management recognition

John Finn, of Finn Wealth Management was recently recognized as a Five Star Wealth Manager by Five Star Professional, a third-party research firm. Finn was evaluated on 10 key factors, including client retention rates and client assets administered and he holds a distinction that is awarded to less than 7 percent of wealth managers in a market. Finn has nearly 30 years of experience in retirement, estate and business planning. He holds the chartered financial consultant and chartered life underwriter designation from American College, Bryn Mawr and he holds a bachelor’s degree in economics from the University of Rhode Island.

PBN: What have you found to be some of the biggest obstacles for clients when they are planning their financial futures and how do you help get them past these roadblocks?
FINN: Time is one of the biggest obstacles for people – either not starting early enough or not finding the time to put a good strategy together. Often times, there are more immediate priorities competing for their time and money. Think about how busy our lives have become. Another challenge that I see is not having a solid relationship with an adviser. There are so many good advisers out there who can help people. Studies have shown how valuable an adviser can be to someone’s key to financial success.

PBN: You have developed a focus of helping women with retirement planning and wealth management. Tell me more about the work you do for these clients?
FINN: I have developed some great professional relationships with women who are in transition, either as a result of the death of a spouse or a divorce. It is so rewarding when these women realize that they are not alone and there is hope. Our process focuses on collaboration and education instead of simply telling these, often times very vulnerable women, what to do. We like to explain to our clients that they can do it for themselves, but they don’t have to do it by themselves. Because of that, our existing clients and other professionals that we work with will introduce women to us who are in need of the same experience and hope.

PBN: As technology allows us to have more control over our finances from anywhere, how has the nature of your business shifted to allow clients to have more control 24/7?
FINN: I don’t know if people want more control or not. What they do want is more information and access to good information in a very convenient way, and now in a mobile delivery format. Don’t get me wrong, we have all of the websites and apps and do work with some clients remotely. However, the clients that work with us tell us that our process delivers clarity and gives them confidence that that are not going to run out of money – and that is ultimately what they want. Technology is a tool that we use to achieve that experience and we make sure to make adjustments when necessary. It is important for us to understand the balance between the technology arms race and the connections and relationships that we build with our clients. •

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