Webinar Details
Course Description
This webinar is specifically for CPAs who service the personal tax situation of successful business owners, entrepreneurs, and executives.
We believe there are two sides to wealth:
- The logistical–tax strategy, investments, estates.
- The emotional–purpose, relationships, and legacy.
Alex Bean, a co-founder of Divvy, experienced the logistical and emotional complexities firsthand when selling his business to BILL.com back in 2021. He found a team of competent advisors who knew how to handle the logistical sides of money, but had minimal insight on the paradoxical emotional baggage the money brought.
This session will focus on the often-overlooked emotional aspects of wealth, providing you with the tools and understanding needed to better serve your top clients.
Too often, CPAs with valuable insight and experience aren’t getting a seat at the table when advising their affluent clients. We are sharing the tools to change that.
In this webinar, we will explore three critical pillars:
- Purpose:
- How can CPAs help clients find meaning and fulfillment beyond their financial success?
- Strategies to assist clients in defining and pursuing their life goals and aspirations.
- The role of wealth in supporting personal and philanthropic endeavors.
- Relationships:
- The impact of wealth on personal relationships and family dynamics.
- How CPAs can support clients in navigating complex family issues and fostering healthy communication.
- Building a network of trusted advisors to provide comprehensive support for clients.
- Legacy:
- Understanding the importance of legacy planning for high-net-worth individuals.
- Techniques to guide clients in creating a lasting impact through thoughtful estate planning and charitable activities.
- Addressing the emotional implications of legacy decisions and facilitating meaningful conversations with clients and their families.
Learning Objectives
- Identify how to transform from CPA to strategic advisor.
- Recognize how to understand the emotional dimensions of wealth.
- Discover tools to support clients around direction and purpose, family and important relationships, and leaving a lasting impact.
Prerequisites
- None
Who Should Attend
CPAs who service the personal tax situation of successful business owners, entrepreneurs, and executives.
Advanced Preparation
None
Presenter Details
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Camden Bean
- Fundraising & Partnerships
Camden works with Tandem Ventures - Factory for Good on fundraising and partnerships.
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Alex Bean
- Founder
In 2016, Alex Bean co-founded Divvy, an expense management software, and spent the next four years pouring everything he had into the business. In the beginning of 2021 they sold Divvy to BILL.com for $2.5b.
After selling the business, Alex realized that wealth comes with many complexities, both logistical and emotional, that people don’t talk about. When he’s not running his Venture firm, he’s talking to groups about navigating the emotional side of wealth.
You can find his latest book on Amazon–Factory for Good: The Pitfalls of Prosperity and How to Avoid Them.
NASBA Sponsor
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Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
Date & Time
CPE
-
Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.
Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.
Purchase options
Live Webinar
Navigating the Emotional Side of Wealth: A CPA's Guide to Serving High Net Worth Families
Sponsored by The Factory
- Oct 30, 2024
- 12:00 PM EDT
- Credits: 1.00
FREE
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