Experiencing a loss of control is never easy, regardless of what and when. It can be particularly difficult when it is a loved one, likely an aging adult, whose cognitive skills are declining and they can no longer manage their finances in the manner needed. “Research has also shown that even cognitively normal people may [...]
The transition to an empty nest can be difficult and exciting all at the same time. Having kids live at home full time is quite different than when our kids go to college and return home for school breaks and summer vacations. There are many aspects of change in this new chapter of life. The [...]
By now many have filed and even received their tax refunds. Consider using these funds to strengthen your personal financial situation. According to Kiplinger's, the average refund is around $3,000 and takes around 3 weeks to receive after filing. The earlier one files, the quicker the turnaround to receive your refund. While it is tempting [...]
Managing household finances for yourself can be challenging, let alone if you are doing it along with raising a family and having a demanding career simultaneously. The truth is many people don’t pay enough attention to their finances during the time in their lives where their earning potential is the highest. Effectively managing finances during [...]
“After spending the last 20+ years marketing various products, it’s an amazing feeling to finally put my experience to work for a company offering a service for which there’s no need to justify the benefit." Lisa grew up in Northbrook, IL, and has lived in the Chicago area for most of her life, other [...]
Typically we are contacted by a family member or trusted/professional advisor, such as a wealth manager, accountant, attorney or geriatric care manager, regarding a client whom they feel can benefit from our services. On occasion we are contacted directly by the client.
Once we receive the inquiry or referral a call is set up with this individual to learn more about the client’s needs and collect as much information as possible prior to setting up the in-person consultation. Also, we want to share more information about MPB, the scope of our services and our approach. Based on [...]
Immediately following the consultation an Action Plan is written which documents basic client information and outlines a list of goals and priorities based on the initial assessment. This document gets distributed to everyone involved in working with the client and serves as our roadmap which we utilize when following up regularly with both the advocate [...]
These meetings are set up between the advocate and client. The frequency is determined by the scope of the job as well as any urgent or time sensitive requirements that may need to be addressed, for example collecting tax documents, overdue bills, etc. Always our approach is to keep the client as involved as he [...]
The one-hour in-person consultation is provided free of charge and usually held in the client’s residence whether it is a private home or senior living community. They include someone from the MPB management team along with the client advocate, the client and usually the individual who inquired whether a family member or trusted advisor. allows [...]
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