The Impact Report - Episode 1 (Stress Testing Overview)

Welcome to The Impact Report! This is the show where we break down complex wealth management strategies into understandable terms to help you on your path to living an amazing life of significance.

In our inaugural episode, we introduce you to Eric Lawton, President & CEO of Impact Financial, who works with high net worth families, business owners, and non-profit organizations. Eric brings over two decades worth of experience in the financial services sector and is no stranger to effective wealth planning solutions.

To start our show on the right note, Eric provides a detailed overview on the benefits of stress testing your current financial plan. Given the tremendous amount of uncertainty in our world right now, there's never a better time to consider a stress test to evaluate the current and future performance of your established wealth plan.

So sit back, relax, and enjoy this thought-provoking episode that's sure to leave you considering this strategy within your own wealth plan.

Timecodes:

0:06 - Overview on the theme of the show and the topic of our episode

1:31 - Background on Eric Lawton and his work at Impact Financial

3:57 - What people can be doing right now to give them confidence around their finances overall

4:50 - Why stress testing is such a valuable process to be considering

5:32 - The three main ways stress testing can be utilized

6:38 - How Eric works to better understand his clients' goals and needs

8:23 - A lesson or two that can be learned from the affluent

9:39 - The types of questions Eric is asking his clients during the stress testing process

10:55 - The analysis or assessment a client leaves Eric's office with after a stress test

12:38 - How to get in touch with Eric's team for further discussion on stress testing

13:52 - Stress testing is an ongoing process to ensure your plan stays viable over time

14:48 - Closing remarks

Connect with Eric Lawton:

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