TW for Executives

http://www.ft.lk/2012/02/22/happiness-drives-executive-performance-who-controls-yours/

Why Total Wealth for executives?

Often executives are good at managing businesses but not themselves and their families. Most of the executives plan for their companies but fail to plan for their families and themselves.

Let’s look at the extreme. Take, for example, a person who has worked all his life in trying conditions to accumulate wealth at the cost of family, health or even marriage. Are these uncommon scenarios? Not at all.

There are numerous examples where highly educated and talented executives “destroy” their Total Wealth and as a result destroy Financial Wealth.

As one of the most successful financial planners confided “My high net worth clients do not need pure financial planning really, because they have enough to retire on for this generation and, in some cases, for the next as well. What they really need is what you call Total Wealth Planning. I have to be more than a financial planner to satisfy these clients.”

Total Wealth Quadrant (TWQ)™ puts the different types of wealth in a neat framework. This helps executives to evaluate each quadrant and balance them. Then, he develops a range of metrics to measure the “balance” of different drivers of Total Wealth. Only when you press the non-financial buttons people come up with the total picture. Two different scores are calculated using the computer-based calculator. Very soon financial planners and insurance advisors will have to wear the hat of a life coach and what really matters is where the client wants to be in Total Wealth terms says Dr Yahanpath.

Recent article on executive happiness and performance:

http://www.ft.lk/2012/02/22/happiness-drives-executive-performance-who-controls-yours/