Member Spotlights
Get to know your IWI certified advisor peers. Read this month’s Member Spotlight, as well as previous spotlights, and learn more about the community of success-minder advisors like you; committed to life-long learning, adherence to ethical standards, and the advancement of the financial advice industry.
Meet Your Peers in the Investment & Wealth Institute
Chad Holmes, CPWA®, CFP® , CPA, CRPS®
What do you like about being a member of the Institute?
The Institute is a way to stand out amongst a crowded field of talented advisors, illustrating my commitment to formal education and my willingness to continually strive for improvement.
What is the best financial advice you have received or given?
No one's crystal ball is clearer than others. There are no get-rich-quick tricks (extreme luck not considered). A consistently disciplined approach to investing over decades is the best way to exponentially grow your wealth. It's boring and it takes a long time, but boy does it work.
What is a challenge in the industry right now?
The Great Wealth Transfer is upon us. Trillions will be passed down to beneficiaries over the next couple of decades, and many families are doing nothing to prepare for that. Proactive planning with a multigenerational focus is key to not waste inheritances to taxes. Advisors need to get out of their planning software that only shows how to minimize taxes for their client, and start thinking about the generations above and below the client to see what the best approach is across the entire family line.
What is your approach to solving this challenge?
I published a book that became a #1 bestseller on Amazon. So many people are becoming power of attorney on their aging parents, and very few know of the tax-saving opportunities they can implement NOW, before their parents are gone, with proactive planning. “The Inheritance Playbook: Helping Your Parents Pass the Torch, Not the Tax” educates the reader with easy-to-follow stories that highlight ways to minimize taxes and probate, maximizing their parents’ legacy.
Is there a specific way your designation has enhanced your career?
Aside from truly amazing education, this designation has given me the confidence I need to serve families who need advanced solutions for multigenerational planning.
What is your favorite book or what are you currently reading?
I’m currently reading Delivering Massive Value by Matthew Jarvis to help my skills as an advisor.
What are your favorite podcast(s) you are listening to?
XYPN Radio, Financial Advisor Success, The Efficient Advisor, Smartless, and Nateland
What are you most grateful for in your life?
My marriage continues to bring me more joy than I knew was possible, especially now that we have two young daughters.
Past Spotlights
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