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WealthManagement EDGE Podcast

Wealth Management EDGE Podcast: Dakota’s Rhys Williams on What's Inside the Mind of NextGen ClientsWealth Management EDGE Podcast: Dakota’s Rhys Williams on What's Inside the Mind of NextGen Clients

Rhys Williams discusses the increasing importance of holistic financial planning and how advisors are adapting to meet the unique needs of different generations.

Mark Bruno, Managing Director, Wealth Management

August 3, 2023

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This episode of the Wealth Management EDGE podcast hosted by Mark Bruno, managing director of the Wealth Management Group at Informa, features an insightful conversation with Rhys Williams, a senior wealth advisor at Dakota Wealth Management. The episode highlights the evolving landscape of financial advice and the changing dynamics of clients’ needs.

Mark and Rhys reflect on the current state of the financial markets and the transition from a focus on short-term investment gains to a broader, more long-term perspective. They emphasize the increasing importance of holistic financial planning and how advisors are adapting to meet the unique needs of different generations.

Specifically, Mark and Rhys discuss:

  • Insights into the shifting demographics of wealth, particularly the rise of younger clientele who are now seeking financial advice. 

  • How the face of wealth is changing, with millennials becoming first-time wealth generators and seeking guidance on wealth management, legacy planning and long-term financial goals.

  • The evolving role of financial advisors, moving beyond investment advice to encompass comprehensive financial planning and behavioral coaching. 

  • The significance of understanding clients’ values, goals, and aspirations, and how advisors can build strong relationships by effectively communicating and tailoring their services to individual needs.

Mark and Rhys also discuss how technology and tools like customer relationship management systems enable advisors to efficiently gather insights about their clients’ preferences and behaviors. 

This podcast explores the transformative journey of financial advice, recognizing the current bull market for advice and the unprecedented growth opportunity it presents for financial advisors who embrace a client-centric, holistic approach to wealth management.

Resources:

 RIA Edge Podcast 

Connect With Mark Bruno:

Connect With Rhys Williams:

About Our Guest:

As a Senior Wealth Advisor, Rhys advises his clients across all aspects of their financial lifecycle including investment management, financial & estate planning, and taxes. He focuses on young doctors and medical professionals. Rhys has over 15 years in private banking focused on advising high-net-worth professionals, families, and entrepreneurs. Rhys’ experience with Dakota’s multifaceted in-house expertise allows Rhys to serve as a trusted advisor and fiduciary for his clients.

Before Dakota, Rhys held the role of Portfolio Manager at IBERIA Wealth Advisors (formerly Gibraltar Private Bank & Trust) where he managed client assets and served as a member of the firm’s investment & asset allocation committees.

Rhys earned a BS in Finance at The University of Florida. He currently holds a Certified Private Wealth Advisor® designation, an advanced credential created specifically for wealth managers working with high-net-worth clients focusing on the life cycle of wealth: accumulation, preservation, and distribution.

 

Listen to the Wealth Management EDGE Podcast

About the Author

Mark Bruno

Managing Director, Wealth Management, Informa Connect

Mark Bruno is Managing Director, Wealth Management at Informa Connect. In his role, Mr. Bruno leads the company’s Wealth Management media and event properties, which currently consists of WealthManagement.com, Inside ETFs and Inside WealthStack. He is also charged with driving several innovative new community and advisor-based initiatives, including the launch of the new RIA Edge podcast, event and webcast series.

In addition, Mr. Bruno is overseeing strategic partnerships and acquisitions to accelerate Informa’s growth within the financial advisor and wealth management communities. Mr. Bruno brings over 20 years of experience in the wealth management and asset management industries to Informa, including prominent leadership roles in industry media, research, and consulting organizations.

Before joining Informa Connect, Mr. Bruno was a Managing Director at ECHELON Partners, where he provided investment banking, consulting and valuation services to wealth managers. Mr. Bruno specialized in helping RIAs with a range of strategic initiatives, and his areas of expertise include organizational design and assessments, compensation consulting and succession and continuity solutions.

Prior to joining ECHELON, Mr. Bruno was the Managing Director and Associate Publisher at InvestmentNews, where he was responsible for overseeing a wide range of businesses, including IN’s research, content strategy, digital, custom publishing and sales groups. Mr. Bruno was with InvestmentNews for 12 years and helped establish the company as the leading B2B media brand in the wealth management industry. He played an integral role in the sale of InvestmentNews from Crain Communication to Bonhill Plc in 2018.

Mr. Bruno is an award-winning journalist, author and researcher who has written and edited for a number of financial publications over the past two decades, including InvestmentNews, Financial Week, Pensions & Investments and U.S. Banker. Mr. Bruno has also been featured in the Wall Street Journal, Forbes and the Chicago Tribune for his expertise in wealth and investment management. Mr. Bruno has received numerous accolades for his writing and reporting, including the American Business Media's prestigious Jesse H. Neal Award, and for his breaking news coverage and analysis of the financial services industry by The Society of American Business Editors and Writers. Mr. Bruno is the author of Save Now or Die Trying: Achieving Long-Term Wealth In Your 20s and 30s, one of the top-selling retirement planning books of 2007.