{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ab6fe42bb6ddf45527e077e/60956837ca6c3643143d0d10?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":" fpPathfinder with Michael Lecours | E177","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5ab6fe42bb6ddf45527e077e/1622131945943-cc4d5c8e6ed46a9dd85dd88603a340ba.jpeg?height=200","description":"<p>Host, Jason Pereira, talks to<em>&nbsp;</em>Michael Lecours. He is the Co-Founder of fpPathfinder. It is a flow-charting tool for advisors so that they can make better and consistent decisions.&nbsp;</p><p><br></p><p>Episode Highlights:</p><ul><li>0.40: Jason is a fan of fpPathfinder, because of its sheer simplicity.</li><li>1.28: Michael talks and fpPathfinder, and how it helps advisors to make informed decisions using different formats of checklists.</li><li>1.57: Flow charts provided by fpPathfinder, helps on the decision-making front.</li><li>2.54: Jason is impressed by fpPathfinder, and he says that an advisor who sign-up with the company can really count on it.</li><li>3.32: Jason and Michael talk about the constantly changing regulations in the United States.</li><li>4.03: While talking about Michael’s company, Jason points out that “The fact that we are outsourcing the cognitive decision making is just remarkable.”</li><li>04.14: Jason is curious to know about the creation and story of fpPathfinder.</li><li>05.00: For Michael it all started with simple errors and how to provide some clarity to a client; he made a flowchart, which was widely loved and appreciated amidst the Financial Advisors.&nbsp;</li><li>07.24: Michael shares how his company constantly updates the checklists, and then they try to add one or two resources every month.</li><li>08.14: Michael gives insights on the background research that they do. Inevitably fpPathfinder has 3000 Financial Advisors who use its services.&nbsp;</li><li>10.25: Jason inquiries about the order of decision points in a flowchart.</li><li>10.51: As the first step of creating a flowchart, Michael or his team members come up with the issues. Then they step back and think about the unintended effect of the flow.&nbsp;</li><li>11.21: Michael talks about the challenges that he faces while building up flow charts in a computer or software. He prefers to build flowcharts on a piece of paper with sticky notes.</li><li>12.04: fpPathfinder was launched as a grand experiment, and one of the biggest pieces of feedback that they got early on was - “We like the flowcharts and the checklists but get your fpPathfinder off there and let me put my logo instead.”&nbsp;</li><li>12.23: Financial advisors did not want their clients to see fpPathfinder’s logo in the flowcharts; so one of the biggest improvements that Michael did was allow for white labelling. One was not able to change the content but was able to change the colors.</li><li>13.05: A year ago, Michael and other decision-makers of fpPathfinder took a big step; a lot of their resources started interacting with the CRM systems.&nbsp;</li><li>15.57: Michael says that they don’t get a lot of push backs from the compliance department.&nbsp;</li><li>16:14: Michael says that they don’t give any recommendations to Financial Advisors; they simply say to their clients that “Consider doing this.”</li><li>18.21: Jason talks about Michael’s book and the interesting stories it has.&nbsp;</li><li>20.30: Michael talks about his future aspirations with fpPathfinder. There are several resources that Michael and his team are planning to work on.</li><li>21.33: Michael talks about tailored checklists that they are going to introduce in the future. Depending on a client’s situation, there will be a checklist that makes more sense.&nbsp;</li><li>21.52: Another aspect that Michael will be looking at is making the user experience more easier.&nbsp;</li><li>24.25: As a Financial Advisor, Michael’s biggest wish is for the industry to integrate at a higher level.&nbsp;</li><li>25.02: Michael reveals the one biggest challenge that he has faced to bring the company to where it is today.</li><li>27.24: All day long Michael and his team focuses on what they do best. There is no project in a team where they are dragging their feet.&nbsp;</li></ul><p><br></p><p>3 Key Points:</p><ol><li>Michael explains that fpPathfinder makes checklists and flowcharts to help advisors be more diligent in the planning process and have more diligent conversations about financial planning topics with their clients.</li><li>Michael talks about “How what started as a simple PDF of a flowchart, fpPathfinder now uses various technologies. It is also integrating with different partners.&nbsp;</li><li>Jason asks Michael, “You have got this far with what you have done. What are your future aspirations for fpPathfinder?”</li></ol><p><br></p><p>Tweetable Quotes:</p><ul><li>“In financial planning, things that were earlier very popular are now critical to review.” - Michael Lecours</li><li>“Some of the most brilliant ideas are the simplest.” - Jason Pereira</li><li>“Setting-up a flowchart is a lot more difficult than it appears.” - Jason Pereira</li><li>“Reverse mortgages can make or break somebody’s retirement.” - Michael Lecours</li></ul><p><br></p><p>Resources Mentioned:</p><ul><li>fpPathfinder: <a href=\"https://www.fppathfinder.com/about-us/\" rel=\"noopener noreferrer\" target=\"_blank\">https://www.fppathfinder.com/about-us/</a></li><li><a href=\"https://www.facebook.com/jason.pereira\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a> – Jason Pereira’s Facebook</li><li><a href=\"https://www.linkedin.com/in/pereirajm?trk=org-employees_mini-profile_title\" rel=\"noopener noreferrer\" target=\"_blank\">LinkedIn</a> – Jason Pereira’s LinkedIn</li><li><a href=\"https://www.woodgate.com/#plan-prosper-preserve-financial-planning-toronto\" rel=\"noopener noreferrer\" target=\"_blank\">Woodgate.com</a> – Sponsor</li><li><a href=\"https://www.linkedin.com/in/pereirajm?trk=org-employees_mini-profile_title\" rel=\"noopener noreferrer\" target=\"_blank\">LinkedIn</a> – Jason Pereira’s LinkedIn</li><li><a href=\"https://barevalue.com/podcast-editing\" rel=\"noopener noreferrer\" target=\"_blank\">Podcast Editing</a></li></ul><p><br></p>","author_name":"Jason Pereira"}