It is a sad truth that we all experience loss in our lives at some point. The death of a spouse is a distinctively devastating event that is among the most difficult a person can experience. One person who knows is our own, Kelly Willis, Vice President of Marketing and Client Relationships here at Newport Private Wealth. Kelly’s husband, Skip Willis passed away in January of 2011 after living with cancer for two years, leaving her to cope with emotional, lifestyle and financial reorganization and adjustment.
Kelly’s experience – along with her subsequent study of grief and interviews with other bereaved spouses – gave her unique insights into the issues and challenges faced by widowed people both during the period of grief and well beyond. Working with our senior management team, Kelly has led the design of a new service offering for widowed spouses and she has become passionate about sharing her experience and the collective expertise of our firm to help other widowed spouses navigate a path to greater financial security and confidence and empowerment.
As she puts it, “As I struggled with my own worry and anxiety about finances, I kept asking myself, if this is how I am feeling, what must this be like for people without my experience, connections and confidence with investing? After all, I work for a wealth management firm and have a high degree of confidence around money. Perhaps I can use my experience and my skills to help others who are dealing with the same. To use my grief for good.”
The sad reality is that many people do not receive the help they need at this critical juncture. In fact, 70% of widows are known to change investment advisors within the first couple of years.
Our entire offering is built around providing the practical and emotional support that is needed.
- Assistance with paperwork, budgeting and cash flow planning
- A comprehensive financial planning process to provide comfort “you’ll be okay”
- Stable, secure investment management to produce a reliable stream of income for today – and capital growth for the future
- Knowledge and training in grief and how it can impact financial decisions and one’s relationship to money; coaching as needed
- Connection to educational events, resources and other widowed people for support and encouragement
- A safe place where you will be heard and can share your concerns with someone who has been there
In our model, Kelly serves as the client’s dedicated trail guide, patiently and compassionately orchestrating the financial process and acting as an advocate and facilitator between the client and the financial professionals on our team.
If you know of someone who has been widowed and is in need of competent financial advice and compassionate companioning through the process of financial adjustment, please encourage them to contact Kelly. We would be honoured to assist at such a difficult and transformational time in a person’s life. Attached is a link to the section of our website that provides additional information for widows and widowers.