Advising in Uncertain Times: Election Year Strategies to Keep Clients Confident

The Bucket Plan® On-Demand Podcast

Advising in Uncertain Times: Election Year Strategies to Keep Clients Confident

In This Episode

About the episode:

How might the 2024 presidential election affect your clients’ finances and their faith in their current plans? Join guest host Kalem Mackey, Executive VP at C2P, and Dave Alison, President and Founding Partner at Prosperity Capital Advisors, Alison Wealth Management, and C2P, as they discuss strategies for guiding clients through election-year market volatility while maintaining focus on their long-term financial goals.

Key Points Discussed:

Market History & Election Cycles: Understanding typical market behavior during election years and why staying invested historically outperforms market timing
Client Communication: Strategies for proactively addressing client concerns about election outcomes while maintaining political neutrality
Portfolio Management: Balancing risk management with long-term investment goals during periods of heightened uncertainty
Tax Planning: Evaluating potential tax policy changes under different election outcomes and identifying “no-regret” planning moves
Legislative Process: Understanding the checks and balances that impact the likelihood of major policy changes, including the role of Congress
Risk Assessment: Tools for helping clients evaluate their true risk tolerance and make rational decisions despite emotional market conditions
Practice Management: Tips for maintaining client relationships across the political spectrum while delivering value through education and communication
Portfolio Diversification: Strategies for addressing concentration risk and maintaining appropriate asset allocation regardless of election outcomes

Tune in to learn how to help your clients navigate the uncertainty of the 2024 election and future times of uncertainty.

Resources:

Analytics Platform Referenced: Kwanti
Market Research Referenced: Dimensional Fund Advisors’ studies on presidential market returns
Client Communication Platforms Referenced: Loom, BombBomb

Statistics:

About the Host:

Kalem Mackey, CFP®, BPC is an accomplished financial services executive with over 20 years of industry experience. As Executive Vice President and Partner at C2P, as well as founder of Superior Financial Planning, he is dedicated to helping American families achieve their financial aspirations. Mackey’s expertise spans sales management, insurance wholesaling, and financial advising. He is a strategic leader and a sought-after industry speaker, sharing his knowledge in retirement income planning and tax management. Prior to C2P, Mackey earned his bachelor’s degree from UC San Diego and founded his own financial planning firm.

Mackey’s career is marked by a strong commitment to client success. He works closely with advisors and insurance distribution partners to deliver exceptional experiences and tailored insurance solutions. As a Bucket Plan® Best Interest Process Trainer, he provides coaching and support to help advisors offer comprehensive financial planning strategies.

About the Guest:

Dave Alison, CFP®, EA, BPC is an accomplished financial planner and business leader committed to helping advisors expand their reach and improve the quality of their service to clients. In addition to being the President and a Founding Partner of C2P and the Founder and CEO of Alison Wealth Management — his own financial services firm — he is also the President and Founding Partner of Prosperity Capital Advisors, an acclaimed planning-first RIA. Dave leverages his expertise in all things financial planning, particularly taxes and solutions for high-net-worth clients, to educate financial professionals on best practices and ways to raise the bar in their own practices.