The Wealth-Care™ program and the Financial Diagnosis Self-Assessment and Workbook are designed to help advisors increase awareness of the many aspects of a client’s financial well-being.

The tool consists of 40 statements that focus on how a client feels about financial issues. Clients are asked to rank statements on a scale from 1 to 5 in five categories:

Financial Sensory System
Financial Respiratory System
Financial Immune System
Financial Cardio System
Financial Lifestyle

Examples of statements include “Financial matters are of no interest to me” (Financial Sensory System); “My financial records are well organized” (Financial Respiratory System); “I’m easily confused or intimidated by financial language or jargon” (Financial Immune System); “I often feel squeezed by competing financial needs” (Financial Cardio System); and “I’ve spent a lot of money trying to find happiness” (Financial Lifestyle).

After ranking statements and adding the totals at the end of the questionnaire, advisors will be in a position to provide clients with a fiscal checkup and help clients focus on areas that are in poor health.




Copyright by Financial Planning Life Institute Copyright by Financial Planning Life Institute