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In The Press

Think Retirement Is Only About Dollars and Cents? Think Again.

"WMBC...has developed a proprietary planning strategy, using a questionnaire developed by experts on well-being, data analysts, economists, and financial planners."

Human Wealth™ Welcomed into University of Connecticut's Technology Incubator Program

"Human Wealth™ was recently awarded a coveted spot in the University of Connecticut's Technology Incubator Program following an in-depth application process. "

WMBC Nominated for Family-Owned Business Awards

"Collectively, the Coles team shares a passion for service driven work. They have been devoted to giving back to their community, and to organizations they feel are making a dynamic impact."

Human Wealth™ Announces Design Partner Program

"Expanding their portfolio of specialized wealth advisors, Human Wealth™ is looking to onboard licensed and seasoned professionals embodying Human Wealth™ core values with a desire to bring Human Wealth™ planning to their clientele"

How To Reassess Your Finances To Align Your Money With What Makes You Happy

"When you’re reassessing your finances and updating your financial plan, it’s vital to consider the role money plays in your life and how it relates to your overall happiness. Each person’s relationship with their financial health is deeply intimate."

WMBC Relocates Headquarters Selecting Elevated Office Space in Irvine

"...the need for highly personalized financial planning services such as Human Wealth planning is projected to rise. Expanding with intention is of the highest importance to the WMBC team who desire to provide exceptional service and tailored results for each person they serve."

How to fix your broken client questionnaire

"So this year, WMBC along with behavioral professionals created a new questionnaire that addressed the client’s entire personal situation and even goes beyond money. The questionnaire probes clients’ emotions, health, external conditions and personal resources."

WMBC Champions Movement for Human Centric Wealth Planning

"Human Centric Wealth Planning is a signature tool utilized by WMBC's team of professionals to deeply understand each client, evaluate what they have, and create innovative financial systems rooted in the client's actual needs."

The New 199A Real Estate Tax Code

"As we are in the heat of tax season lots of talk has been circulating around 199A. A new section in the Tax Cuts and Jobs Act allowing partnerships, limited liability companies (LLCs), S corporations, and sole proprietorships to deduct the sum of 20% of their qualified business income (QBI)."

WMBC Nominated for Excellence in Entrepreneurship

The Orange County Business Journal is proud to announce the 18th annual Excellence in Entrepreneurship Awards. This event is designed to recognize individuals who exemplify the American entrepreneurial spirit.

How to Know If Your Best Interests Come First

"Scott Coles, founder and president of WMBC based in Lake Forest, California in the foothills south of Los Angeles, said clients shouldn’t have to go to federal websites to get a copy of the ADV. He believes an advisor ought to provide the document without even being asked to do so."

WMBC Nominated for Family-Owned Business Award

Orange County Business Journal recognizes Orange-County-based family-owned firms that have distinguished themselves via their business, accomplishments and contributions to the local community.

Meet David Coles of WMBC in So Cal

"To make a greater impact on a client’s happiness and relationship with their money we decided to start with THEM. What makes up their well-being? If we could understand that, we could create more meaningful financial systems and not just fit them into solutions that WE decided they need to fit in."

Do you qualify for a 20% deduction on your business taxes?

"A 20 percent deduction on your real estate business taxes could provide you the capital to accelerate the growth of your company or provide better compensation to your employees."

WMBC Selected as First Human Wealth™ Practitioner

"Our firm is committed to providing the best possible solutions...which is why we are proud to be offering Human Wealth™ Plans for our clientele so they can be supported in their current experience of life.""

The Family Owned Business Awards are issued by Orange County Business Journal, a local Irvine, CA publication.  Each year judges review family-owned businesses from independent or self-nominations. The financial professional did not pay a fee for this nomination and clients were not consulted for this nomination.  The Excellence in Entrepreneurship Award is issued by Orange County Business Journal (OCBJ), a local Irvine, CA publication.  Each year judges review individuals nominated for their distinguished entrepreneurial spirit and their successful ventures established in the OC business community.  The financial professional did not pay a fee for this nomination and clients were not consulted for this nomination.  Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.

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Client Profile: A couple nearing retirement, approached us with the goal of securing their financial future and ensuring a comfortable retirement. The husband had a deep passion for flying, and their son aspired to become a pilot. However, he believed that his dream of owning a plane and flying with his son was out of reach.

Challenge: Our clients aimed to achieve financial security for their retirement while also fulfilling the husband's dream of owning a plane and sharing the experience of flying with their son. They wanted to align their financial plan with their meaningful activities and create a lasting legacy.

Solution: By delving into the Discover Wellbeing phase, we uncovered the husband's passion for aviation and his son's interest in becoming a pilot. Focusing on the attributes of Financial Security and Meaningful Activities, we developed a customized Human Wealth™ Plan. Through innovative tax planning strategies and creative thinking, we explored the feasibility of the aviation dream.

Results: Through our meticulous financial planning and utilization of the plane as a business asset, our clients were able to achieve the seemingly impossible. They purchased a plane and leased it to a flight school, allowing their son to train while generating income. This not only fulfilled their lifelong dream but also laid the foundation for a family legacy in aviation.

Making Aviation a Family Legacy

Client Profile: A recent widow, found herself in an unfamiliar financial situation after her husband's passing. Throughout their marriage, she had never taken an active role in managing their finances and was now faced with uncertainties about her financial security.

Challenge: She needed to establish financial independence and find emotional support following the loss of her husband. She also desired a way to reconnect with her scattered group of longtime friends.

Solution: Recognizing the significant life transition our client was undergoing, we took her through the Human Wealth™ Method to address her concerns. During the Discover Wellbeing phase, we identified the attributes of Financial Capability and Social Support, to focus on and build supportive systems around. During our in-person sessions, we engaged in conversations about her emotional network and her dreams.

Results: With a comprehensive Human Wealth™ Plan in place, our client gained a new perspective on her financial security and discovered an avenue to reconnect with her friends. By utilizing her resources wisely, we were able to show her how she could afford to fulfill her and her friends' dream of going to Hawaii. This not only provided her with financial peace of mind but also offered a way to strengthen her emotional bonds during a challenging time.

Building Resilience and New Connections After Loss

 

Organizational Human Wealth™ partnered with a flourishing accounting firm, propelled by organic growth yet challenged by the imperative to align its structure, team, and operations with a bold strategic vision. The firm's President, committed to proactively addressing any latent concerns and enhancing team cohesion, sought to bridge the gap between the team's exceptional satisfaction scores and some unarticulated needs. With a focus on scalability, an assessment was conducted, revealing vital insights.

Highlighted by the assessment:


Scalability Demands: The accounting firm's growth trajectory led to bottlenecks in customer onboarding, underscoring the urgency to harmonize structure and team dynamics to accommodate the influx of new customers.

Vision and Career Clarity: The team displayed a strong affinity for the company but yearned for a clearer understanding of the overarching vision, their individual contributions to that vision, and viable career progression opportunities within the organization.

Upon embracing the assessment's findings, the firm embarked on a transformational journey:


Refined Onboarding Process: Swiftly responding to identified bottlenecks, the firm optimized its customer onboarding process, enhancing efficiency and ensuring a seamless transition for new clients.

Defined Career Paths: Job roles and delineated career paths, encompassing both technical and people leadership trajectories, were meticulously crafted, empowering team members with a tangible roadmap for growth within the organization.

Future-Ready Structure: A new, adaptive organizational structure was meticulously designed to support the strategic vision, underpinning the firm's commitment to seamless operations and client satisfaction.

The collaboration with Organizational Human Wealth™ equipped the accounting firm with a strategic blueprint that transcended mere restructuring. By addressing pressing concerns, refining processes, and providing team members with a clear vision for their career progression, the firm positioned itself for sustained growth, propelled by a motivated and empowered workforce.

Scaling Success: Empowering Growth and Team Alignment

Organizational Human Wealth™ partnered with a financial services client undergoing a significant leadership transition, with a new acting President at the helm. Concurrently, the company was launching new products and services. In response to these transformative changes, an intensive evaluation of the business's strategy, key metrics, systems, and organizational structure was essential.

Within a mere 8-week period following the assessment, we achieved the following impactful outcomes:

Reimagined Organizational Structure and Ownership: We redefined the organizational framework and established clear reporting lines, ensuring a streamlined and effective hierarchy. Every employee's role was documented, aligning them with the new strategic direction and granting them ownership of crucial domains.

Enhanced Client and Employee Experiences: By implementing the Net Promoter Score (NPS) and Employee Net Promoter Score (eNPS), we introduced an ongoing mechanism to gauge, track, and compare client and employee satisfaction over time. This data-driven approach empowered the client to make timely improvements to elevate both customer and employee experiences.

Strategic Data Visibility: We developed a comprehensive dashboard that showcased key performance metrics, providing real-time insights into critical aspects such as revenue, growth, client satisfaction, and employee contentment. This tool allowed the client to monitor and address vital areas of concern promptly.

Revitalized Team Collaboration: Our restructuring efforts extended to team meetings, which were revamped to foster increased efficiency and ownership of departments. By mitigating risks and encouraging cross-department collaboration, these meetings became a pivotal hub for informed decision-making and strategic alignment.

Cultivated Aligned Core Values: Collaborating closely with employees, we co-created a set of core values that resonated with their individual aspirations and collective operating principles. These values unified the workforce's approach to internal operations, client interactions, and mutual cooperation.

In this case study, Organizational Human Wealth™ demonstrated its capacity to navigate complex challenges, enabling swift and strategic transformations that optimize structure, enhance experiences, and foster a culture of shared purpose. By tailoring solutions to the unique needs of our client, we laid the foundation for enduring growth, resilience, and success in an ever-evolving industry.

Embracing Change: Turning Transitions into Pathways for Success