Private Wealth Insights
Is There a “You” at the Center of Your Finances?
If your relationship with your bank isn’t personal, you may be missing out
We’ve all been there before. Whether it’s at the car dealership or the result of a knock on your door, we know what a hard sales pitch feels like—impersonal. BOK Financial’s Sheryl Bosilevac says if you get that feeling when talking to your financial institution, it might be time to find a new partner.
“Developing a holistic financial plan requires a comprehensive understanding of an individual’s unique goals—both personal and financial. If your institution doesn’t know you, they’ll have a hard time meeting your expectations,” said Bosilevac, wealth advisor for BOK Financial’s Kansas City team.
A 2019 study from the National Association of Personal Financial Advisors found that most Americans are worried about their finances, and nearly 75% say they would like to get a financial planning do-over. And it’s unlikely that tumultuous 2020 has done much to help.
Whether its addressing investment, estate planning, financial planning or banking needs, Bosilevac says inclusive planning is the only way to deliver truly objective advice—which clients say is the most important thing they look for in an advisor.
“For new clients, we start with a discovery meeting and take an inventory of their financial assets, business interests, insurance and real estate,” Bosilevac said. “This enables us to bring in team members from our broader regional organization to provide expertise in their respective disciplines. This collaborative approach with our clients at the center is what makes BOK Financial truly a unique place to do business.”
Here are three ways to tell if your financial institution isn’t using a client-centered model.
- Every conversation feels like a sales pitch.
- Your advisor hasn’t asked about your long-term plans or goals with you in the past year.
- When you bring up concerns, your advisor seems to brush them off instead of taking the time to walk you through them.
If you notice any of those signs, perhaps it’s time to reevaluate who is at the center of your finances.
Sheryl Bosilevac is a senior vice president and wealth advisor for BOK Financial in Kansas City. As an integral part of the Kansas City finance community, Sheryl has helped individuals in Kansas City with customized wealth management solutions through investment services, trusts and charitable foundations for more than 30 years.
Sheryl joined BOK Financial in 2019, and is a Certified Trust and Financial Advisor (CTFA), graduate of the Cannon Trust School and has both her Series 7 and 66 licenses. Sheryl obtained her Bachelor of Business Administration in Finance from Webster University.
Sheryl is a member of the Central Exchange and is a past board member of The Volunteer Center of Johnson County, Angel Flight Central, The Johnson County Library Foundation, Spofford Home, and The Johnson County Arts and Recreation Foundation.
About BOK Financial
BOK Financial Corporation began in Tulsa, Oklahoma, in 1910 as a regional source of capital for the energy industry, and has since become one of the strongest, most vibrant financial institutions in the country. The organization expanded to Kansas City in 2006 with services ranging from commercial and individual banking to brokerage trading, investments, trusts and insurance services. The collective organization has the capabilities to meet client needs in the best way possible—with the client firmly at the center.