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The PFO Legacy



Anchor 18


"They always say time changes things, but you actually have to change them yourself."


These two videos are the same, but are offered in two different formats to accomodate our users. 

If you cannot access YouTube (the first video) click on Vimeo (the second video).



  • Use the PFO to simplify and organize wealth management for your very best clients

  • Have the PFO become a significant part of your branding

  • To become the ‘go to’ person as it relates to any topic on wealth

  • To connect meaningfully to the ‘other half’ of the relationship

  • Maintain high levels of compliance with your clients through a thoroughly documented process

  • Demonstrate a high standard of care & accountability that will contrast you favourably to other advisors




To get re-acquainted with the PFO Concept, review Enhance Your Branding with the PFO. This was previously covered in Pillar 3: Client Onboarding – The 3rd Appointment. If it’s been a while since you’ve been active with your PFOs, you may want to review the entire module.

Focus Meetings on the Value & Importance of the PFO

  1. When scheduling Review Meetings with clients who have PFO Binders, it is important they are prompted and reminded to bring their PFO Binder in as part of the process.

    1. Refer to the PFO Review Meeting Booking Script.

  2. When confirming Review Meetings with clients who have PFO Binders, it is important they are once again prompted and reminded to bring them in as part of the process. We are helping them form a new habit and this will take consistent reinforcement.

    1. Refer to the PFO Review Meeting Confirmation Call Script.

    2. If you send a Confirmation Email, be sure to remind them to bring their PFO Binder.

  3. Use a Review Meeting Agenda that reinforces the PFO as the essence of how you provide wealth management solutions to your clients by simplifying, organizing & coordinating all aspects of their Wealth Management.

    1. Refer to the PFO Review Meeting Agenda.


How to Manage PFO Updates

  1. Review A Masterful Approach to Demonstrate Value which outlines the 3 core ways you can keep the PFO meaningful and relevant:               

    1. Provide them with Updated Information You Create & Deliver

    2. Give them Something New & Insightful to Think About

    3. Encourage them to Update Information Others Create & Deliver

  2. Each of these will be covered in more detail below so you can choose the best combination and approach based on where you and your clients are today in relation to the PFO.   

  3. As part of your Review Meeting process, you need to prepare and provide your clients with updated information specifically related to the wealth management solutions and planning you have undertaken on their behalf. This would typically include updated:

    1. Financial Plan and/or Financial Projections

    2. Current Portfolio Summary

    3. Net Worth Statement

    4. PFO Summary                                                                                     

  4. Additional information is provided in the A Masterful Approach to Demonstrate Value resource. 

  5. Everything you provide for their PFO binder should be three-hole punched and ready to insert.   

  6. As part of your Review Meeting process, you should give them something new & insightful to think about that will benefit them immediately or at some point in the future. This would include something directly related to the core areas of your PFO:

    1. Cashflow Planning

    2. Tax Planning

      1. Review Tax Packages for High Value Clients

      2. Review Tax Package Cover Letter

    3. Retirement Planning

    4. Investment Management

    5. Your Family’s Security

    6. Caring for Others

    7. Your Legacy

    8. Business Succession & Planning                                                                                                   


Keep Adding Value

Teams who have the most success with this approach pick one area each year to focus on educating and/or working on with their clients. We do not recommend you provide them with information in multiple sections of their PFO binder all at once because it may be overwhelming – the only exception would be if their circumstances were such that they needed it.   


Keep in mind you will be discussing all sections that are relevant to them regardless, but the intention here is to provide them with new information or a new resource that will directly enhance the concept of simplifying, organizing & coordinating their wealth management. 

Many specific examples of what to provide them are included in the A Masterful Approach to Demonstrate Value resource. Choose one new addition for the PFO this year and continue with this process each subsequent year.

Help Keep the PFO Organized

  1. Finally, encourage them to keep the various types of other valuable information they may store in the PFO binder from other professionals and service providers up to date as well. This might include Tax Summaries, Insurance Policies, Mortgage & Loan Statements, Bank Statements, Contact Information for their other Professionals (CPAs, Lawyers), etc. This will require reminding them and you can do this in a couple of ways:

    1. Provide them with the Keeping Your PFO Up to Date & Tidy resource which is a letter and checklist providing them with specific guidance on how to keep it relevant and organized.

      1. This can be provided to your client during a meeting, as a meeting follow up, or as a separate mail-out campaign at any point during the year.

      2. You will want to customize this resource and have it fully branded to your practice.

    2. Launch the PFO Spring Clean Campaign each year to help them create a habit that will continue to serve them.  

      1. Include the “It’s time to Spring Clean Your PFO” Cover Letter, which can be customized and fully branded to your practice.

      2. Each year, choose something to include with the letter that relates to the PFO, such as a plastic pouch that fits in their binder and can contain any number of items they wish to store, a branded notepad, a pen, post-it notes, or a lined pad of paper to go in the back of the binder.

  2. Expect to spend some time each meeting answering questions about what goes where in the binder and helping your best clients keep it organized – this is a terrific use of your time because it provides them with the peace of mind everything is exactly as it should be.


Add More to their PFO

  1. Password and identity protection are key components for everyone in this online world. Review Tips for Identity Theft Protection to better understand how to work against online dangers.

    1. Review Password Protection​

    2. If you're having a difficult time organizing your passwords, review Passwords.



TRUST is Everything

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