“Be the change that you wish to see in the world.” – Mahatma Gandhi

The third Summit for Prosperity Economics Advisors was an overwhelming success! Just in case you’re new here… the Summit an event that we – Kim D. H. Butler (Live Your Life Insurance, Partners for Prosperity) and husband Todd Langford (Truth Concepts software) host each year for financial professionals.

This year, we spent three-and-a-half days in beautiful Park City, Utah learning and sharing together with wonderful speakers, food, friends, weather, and more! 2016-summit-outside

We are still hearing success stories and heartfelt “Thank-you’s” from this event, and it is so rewarding to know that you – advisors and others – have found the event to be so worthwhile. It takes a lot of time and effort to put on an event like this, but the energy and gratitude we get back makes it so worthwhile.

Our theme this year was “Be a part of something bigger.” And indeed, something bigger than any of us is arising in The Prosperity Economics Movement. The movement is gaining momentum, and we are so proud to be a part of it.

Observations from The Summit for Advisors:

Many advisors in our circle fear a market crash and do not trust “securities.”

2016-kim-and-todd-speakingThe sentiment is that securities are mis-named! Advisors in are giving up their securities licenses and supporting others to do the same. We are committed to helping our clients build wealth safely and sustainably.

Sometimes it felt a bit like a 12-step meeting… they way that people in the industry talk about their securities licenses! “Hi, I’m Pat, and after 13 years of selling securities, I just gave up my securities license…” (Applause and supportive comments follow.) Many advisors in our circle are either strategizing how they can give up selling securities, or are proud to have already given up their securities license, even if it required a huge professional transition… which it often does.

Doing the right thing for the client matters.

Stories were shared of clients who have lost money in the stock market, and of the heartbreak advisors felt having to tell clients they have lost money in the market (especially AFTER retirement). As Prosperity Economics Advisors, we take our responsibility to help clients grow AND PROTECT their money very seriously. Many  of us no longer find it acceptable to receive commissions or fees for subjecting clients’ money to risk.

 

Doing the right thing for each other’s clients matters, too.

2016-speakers-cropWe’ve put together a backstop succession plan, which is a legal document that will allow other advisors in the movement to help in case one of us became unable to serve our clients due to death or disability. (We are SO grateful to Rick Randall of NNEPA (the National Network for Estate Planning Attorneys) for doing this for us – it was a gift to the Prosperity Economics Movement!)

Kim’s son, Robby, may be coming in the business someday (we hope!) and we have excellent help with Jill and Theresa, but we also wanted to make sure that our clients – and your clients – have the help and support they need should a “Plan B” ever became necessary. We don’t ever want to see our good work undone by an outside advisor who doesn’t understand Prosperity Economics.

More advisors are embracing alternative investments.

2016-patrick-donahoe-asr(By alternative investments, we mean they are outside of the typical stock, mutual fund, and bond offerings.) We are seeing advisor attitudes change as more is discovered about facts about alternative investments such as bridge loans, commercial financing private equity funds, life settlement funds, and other alternative investments secured by real assets.

While some advisors and agents were resistant at first (especially in years past), we see confidence and excitement soar after they hear the details and ask the nitty-gritty questions of those representing alternative investments. At last… those coming from mutual fund or insurance-only environments feel they have true alternatives that offer profitable results for clients, without unnecessary risk!

More advisors are embracing video, podcasting, and webinars than ever before.

2016-marketing-panelWe are recognizing the need to “get our message out” and the enormous need to counter the endless media messages that recognize “stocks and bonds” as the only (or the best) ways to save and invest.

Each year at The Summit, marketing, messaging and lead generation have a prominent place on our agenda. We know there are better options, and we want investors to know about them! 

We are proud to be making a difference.

2016-family-affairThe insurance industry is not always an easy industry to succeed in. We all know that all we have to do on a plane if we wish for peace and quiet is to tell our seat mate that we sell life insurance! But the truth is also that Prosperity Economics Advisors are proud to help families in this way. Being able to deliver not just condolences, but also a sizeable check to go with it, leaves a lasting impact.

Todd and I also feel that by not restricting ourselves to “just” selling life insurance, we expand value and increase wealth for our clients, as well as for ourselves. We feel we are making a true difference in helping people prepare for the future, whether that future includes a college education, a dream vacation, or a legacy for loved ones.

We are committed to the success of new advisors.

2016-networkingBecause this is not an easy business – either selling life insurance or educating people that there are better options than typical stocks, bonds, and 401(k)s – our business has a high rate of failure. 80% of those who begin the business do not succeed, long-term.

However, in our circle, mentors are springing up. Selfless support abounds. Successful advisors speak and share what’s working for them at The Summit for Prosperity Economics Advisors. Collaboration reigns and has replaced competition as our dominant paradigm. We understand that we can and we must all succeed… together.

The Prosperity Economics Movement is committed to large-scale change.

2016-summit-roomWe know our financial systems are broken. We understand that banks and the Federal Reserve are not the pillars we have been led to believe they are. We know that our economy is more fragile than most people realize. And we want to make a difference that enables everyday Americans to build and keep their wealth, unencumbered by market crashes, financial crisis, and government rules, regulations, and taxes.

We want everyday Americans to be able to grow and save their money safely, to use and enjoy their wealth, and to pass legacies on to future generations and the causes that they care about. We are Prosperity Economics Advisors!

Join us at the Next Summit!

2016-kim-and-toddWe’ll announce dates and details for the 2017 Summit for Prosperity Advisors as soon as we know them. In the meantime, make sure you are “on our list” so we can send you that announcement! If you’re not already receiving occasional emails from us, we invite you to opt-in at the bottom of this web page for updates.

Want more information about Prosperity Economics? Besides exploring this website, you’ll want to download and read Financial Planning Has Failed, an ebook that I (Kim) wrote last year with Kate Phillips (our marketing writer and one of our Summit speakers).

We originally wrote this as a “lead-magnet” for prospects and clients, but it has been a HUGE hit with advisors as well! It outlines the problems with typical financial planning and shows why Prosperity Solution is the solution.

You’ll also find additional information about Prosperity Economics at ProsperityPeaks.com