PODCAST:  Multi-Generational Planning and Community Building

In this episode, Steve talks with Akemi Dalvi, CPA/PFS™, CFP® from Kondo Wealth Advisors about serving a niche community and fostering meaningful multi-generational conversations.

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In this episode, Steve talks with Akemi Dalvi, CPA/PFS™, CFP® from Kondo Wealth Advisors about serving a niche community and fostering meaningful multi-generational conversations.

After graduating college with a degree in accounting, Akemi did what many other graduates do: she joined a big four firm. Craving more meaning and a healthier work-life balance, she joined her father at Kondo Wealth, the advisory firm he started. At her father’s firm, she specializes in helping Asian Americans plan for retirement and achieve long-term financial goals.

At Kondo, Akemi realized the importance of including every generation in the financial conversation. When clients reach retirement, their primary concern is ensuring their children have a smoother transition than they did.
Akemi talks with Steve about overcoming the financial taboo prevalent in so many Asian American households, the power of community and education in fostering the financial conversation, and her father’s best financial advice.
“There are a lot of people who are technically able to help any one of our clients with their finances, but money is so personal that it’s the intangible soft touch that is what they’re really vetting us for at these events. And then once they feel like that’s somebody I could really open up to about my finances, that’s what opens the door to a long-term relationship.” ~ Akemi Dalvi

Main Takeaways COVID-19 created more pathways for multi-generational planning. The pandemic emphasized the importance of planning while virtual meetings allowed younger generations a sneak-peak into their parents’ financial plans. These natural conversations helped parents feel like their kids were assisting without taking over. Younger clients find value in goals-based financial planning. If you can successfully guide younger clients through goals-based planning, they become an ideal client in the long-term. It’s important to view planning through a multi-generational lens because plans will always impact multiple generations. Whether the situation is good or bad, clear communication is always critical. Links and Important Mentions Akemi on LinkedIn Kondo Wealth Advisors PricewaterhouseCooper AICPA Robinhood Bitcoin Subscribe and Stay in Touch Apple Podcasts Spotify Steve on LinkedIn Follow Buckingham Strategic Partners on Twitter

This commentary reflects the personal opinions, viewpoints and analyses of the Kondo Wealth Advisors, Inc employees providing such comments, and should not be regarded as a description of advisory services provided by our firm or performance returns of any our firm’s clients. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Kondo Wealth Advisors, Inc manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.