MDRT looks to tackle ‘Boomer retirement’ across the globe
Philip Harriman
A major priority for financial advisory association Million Dollar Round Table (MDRT) in the coming year is to use its global reach to formulate solutions to the impending issue of Baby Boomer retirement, according to its president Philip Harriman.
“In the US, 8,000 people on January 1 woke up to their 60th birthday, and that’s going to happen every day for the next 15 years. The same phenomenon is occurring in the UK, Japan, and I suspect here in Australia as well. These men and women are celebrating their birthday and subconsciously realising that several phases of their life are now behind them and are asking themselves, ‘What am I going to do to maintain my financial dignity?’,” Harriman said.
However, he feels this generation of people are not getting any joy from the opinion leaders around the world because all they are doing at the moment is alerting communities to the impending crisis without offering any tangible solutions.
“What MDRT is going to do is offer solutions. We’re going to bring together the best minds, the best academics, and the best opinion leaders, and we’re going to put forward a program that shows people this is how you can prepare for the future,” Harriman said.
“We’re very excited about the potential to help the consumer, regardless of where they live in the world, to engage an MDRT member to help them through this process of finding the solution that best fits their situation,” he added.
To that end, he hopes the messages coming from his association are different and powerful enough to motivate people to seek out a MDRT member for financial advice.
“We would hope that what you hear from us is a little different and a little unique to what you hear from other financial commentators or people in our business and causes people to say, ‘I think I want to know more bout these people, and I want to go see for myself what they do’,” Harriman explained.
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