In the News & Around Town

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Take This Crucial Step to Prepare for a Life After LBM.  Featuring Vaughan Scott, for ProSalesMagazine.com

Note to whoever wrote that nobody’s tombstone ever carried a wish they had spent more time at the office: Clearly, you never met an LBM executive.

High-ranking dealers typically keep such grueling schedules that a 50-hour work week borders on vacation. What’s more, the job never ends. We asked dozens of people to provide examples of dealer owners who retired happily from LBM. Hardly anyone could name a soul.

Contemplating life away from the yard frightens so many executives that counselors say they often get handed succession issues that should have been addressed—and resolved with far less heartache—years earlier. And while most of the attention around succession planning these days has focused on outside buyers and what sorts of multiples they’d pay to buy a business, experts say the real keys to succession planning lie elsewhere....

...“Thirty percent of the time, that really is the crux of the issue: They’re not willing to let go,” says Vaughan Scott, a family business specialist for Wells Fargo’s Axiom Financial Strategies Group, based near Louisville, Ky. “When I find situations in which the current owners or founders are in their 70s and 80s [and have] just begun succession planning, 90% of the time I have my firefighter helmet on from day 1.” (Read more.)

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Braving the Heat for a Habitat for Humanity Build.

Our team participated in yet another Habitat for Humanity build on July 13th.  Tim Girton captured some wonderful pictures of our team in action, which were featured in an article for Extol Magazine spotlighitng New Albany/Floyd County Habitat for Humanity.

Although it was a smouldering day, we always enjoy working as a team and being able to give back to our community.  View our photo gallery to see us hard at work!

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Vicky Peay Joins the Team

On behalf of everyone at Axiom Financial Strategies Group of Wells Fargo Advisors, we would like to welcome Vicky Peay to our team.  Vicky joins us as a Client Associate, having had over thirty years of client service experience.  Vicky prides herself on going above and beyond to get to know our clients, and has brought a new energy to our office.

Welcome, Vicky, and thank you for your commitment to our clients and our team.  

 

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Wells Fargo, Advisors Say Rollout of New Tech Tool is 'Big Win'.  Featuring Vaughan Scott, for ThinkAdvisor.com.

Recently launched dashboard brings different applications together so advisors have one view of client account information.

...Advisor Vaughan Scott of Axiom Financial Strategies Group in New Albany, Indiana, says he has been in the business for over 15 years and been on several different platforms at rival firms. “I’ve been through significant [technology] transitions like this, and this is notable for how smooth and seamless it has been,” he explained in an interview. “It’s really a huge benefit to our team in a lot of ways. It’s amazing to me just how well thought it was.” (Read more.)

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Michelle Floyd named Financial Consultant

Michelle has recently transitioned into the role of Financial Consultant, allowing her to fully assist clients in investment planning.  Having had over six years of industry experience, she joined the Axiom team in July 2015 and obtained the CERTIFIED FINANCIAL PLANNERTM designation in August 2015 after completing the education, ethics, and experience requirement as set forth by the CERTIFIED FINANCIAL PLANNERTM Board of Standards.  

Michelle is a graduate of Floyd Central High School and received her Bachelor of Science in Finance from Indiana University.  Michelle plans to further her education by obtaining additional professional designations and is always looking for growth opportunities, both personally and professionally.  She has participated in and coordinated the team’s recent Wells Fargo Volunteers events with the New Albany/Floyd County Habitat for Humanity.   

Congraulations to Michelle, we are glad ot have her as a part of our team.

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Overcoming the Fear of Advisors.  Featuring Vaughan Scott, for ThinkAdvisor.com.

Do you, as a financial advisor, have awareness that talking with an FA is scary for most people? If not, now's the time to smell the coffee.

“I believe there's a significant contingent of [FAs] who recognize the challenge we have [to lessen client fears]. Those who address this appropriately can make themselves and their practices more approachable,” Scott says. “This is different from decades ago when the focus was [only] on creating the maximum rate of return. Today, it's much more about being able to engage thoughtfully with clients and for them to know you always have their best interest at heart.”  (Read more).

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Planning for the next chapter of your business: Cultivating the five forms of capital.  As featured on Insider Louisville, February 12, 2016.

As the baby boomer generation ages, many business owners must begin to plan for the future of their companies when this group of veteran leaders retires.

Of course, we are talking about succession planning. The term “succession” implies something must come to an end, but that is not usually the case. Succession planning should be viewed as just another phase in overall strategic planning. At Axiom Financial Strategies Group, we call this “next chapter planning.”

You see, every company is constantly evolving and looking at “what’s next” for the business. To do that, business owners must continually engage in the evaluation and development of their company’s capital. Capital comes in five forms1 — financial, human, intellectual, social and spiritual. (Read more).

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Vaughan Scott earns the Certified Private Wealth Advisor® designation.

On behalf of everyone at Axiom Financial Strategies Group of Wells Fargo Advisors, we would like to congratulate Vaughan Scott, Senior Vice President—Investment Officer, on earning the Certified Private Wealth Advisor® designation

The CPWA® designation, delivered by Investment Management Consultants Association® (IMCA®), is the only advanced designation designed for financial advisors and consultants who work with high-net-worth clients in the life cycle of wealth.  Earning the designation requires higher education and experience requirements, the completion of an in-class program  at The University of Chicago Booth School of Business, and passing a comprehensive examination. 

Vaughan will incorporate his enhanced skills and expertise to further benefit our clients and prospective clients by providing an innovative perspective into all facets of the investment planning process for both individuals and businesses.  Congratulations and thank you, Vaughan, for all of your hard work and dedication.

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Goodwill Southern Indiana Celebrates 85 Years

Members of the Axiom team enjoyed the festivities as Goodwill Southern Indiana celebrated 85 years of changing lives in Suthern Indiana.  #Goodwillsiturns85  #502spinpix 

 

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Mike Grau earns the RICP® designation.

 

On behalf of everyone at Axiom Financial Stratgies Group of Wells Fargo Advisors, we would like to congratulate MIke Grau, Vice President - Investment Oficer, on successfully completing three in-depth courses to earn the Retirement Income Certified Professional® designation.  This type of accountability to our clients is why Mike is such a tremendous asset to them and our team.

 

Mike, who is also a CERTIFIED FINANCIAL PLANNERTM professional, will incorporate his enhanced skills and expertise to further benefit our clients and prospective clients by providing extremely well thought out investment planning options.  Congratulations and thank you, Mike, for all of your hard work and dedication.

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Another Successful Habitat for Humanity Build!

 

The team joined Ed Schindler, Construciton Manager for the  New Albany/Floyd County Habitat for Humanity (pictured far right)  on Septermber 16, 2015, for yet another day of giving back to our community.  Since 2013, our team has given over 300 volunteer hours which equates to $75,000 in grant funding from the Wells Fargo Housing Foundation.

 

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Bridging the Advisor-Lawyer Gap

by Jane Wollman Rusoff, featuring comments by Vaughan Scott.  Research Magazine, September 2015. 

 
... All but a handful of states prohibit lawyers from sharing revenue with non-lawyers, so informal strategic relationships with FAs, rather than formal alliances, are most common. However, advisors and attorneys can join forces to help one another acquire new clients in several ways that harmonize with lawyers’ professional rules of conduct.

“This is the model of the future for quality estate attorneys and top-notch financial advisors, rather than ‘Let's just trade referrals...(Read More)

 
 
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Family Ark - 3rd Annual Giving Hope to Families was a great success!   

 

 

 

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Wells Fargo Volunteers!  

The Axiom team continues to give back by participating in builds with the New Albany Habitat for Humanity.  Pictured left is a build on October 27, 2014.  Wells Fargo Housing Foundation is a Major Donor for the New Albany Habitat for Humanity.

 

 

 

 

 

 

 

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Vaughan Scott obtains MBA - Global Management from Thunderbird School of Global Management