
One-Two Punch
I don’t care who you are or how many resources you have at your disposal or what your aspirations are for your children, at some point during this admissions year I contend, you stand a better than average chance of being seriously disappointed. The reasons for this possibility are many but one which stands out as particularly persuasive is that you are not paying close enough attention to what you need to know about how the entire admissions process works either at prestigious secondary boarding and day schools or at the collegiate undergraduate level especially with regard to the country’s most selective institutions. Here is my best advice as to how to avoid this unpleasant state and reap the rewards someone befitting your station and stature deserves.
There are many ways to gain the upper hand and control admissions outcomes but the most effective one I know is to create a powerful team of your trusted wealth manager and a gifted educational consultant. The finest financial planners understand that there are effective strategies which allow them to reduce or minimize the cost of education for their clients’ children while avoiding a nasty hit to their investment portfolios and retirement dreams. In turn, a new breed of admission advisors who devote all of their energies to knowing the procedures, understanding how the process works, where the decision-makers live and how they function, preparing their clients for optimal consideration every step of the way are beginning to make a difference. Having a money person whose top priority is implementing procedures which will guarantee your financial health while preserving your wealth collaborate with a professional whose sole objective is to demystify and simplify the entire admissions process while giving your child the best chance of admission at their schools and colleges of choice, and you’ve just created a perfect world.
Neither party singly will have the requisite time, talent, training and experience to handle both responsibilities at peak performance. Wealth Managers spend their working hours researching, analyzing and strategizing the optimum procedures necessary to guarantee their clients’ prosperity--it’s a full time job under normal circumstances and nowadays it verges on wizardry. The finest educational planners have spent a lifetime in the field educating themselves in every aspect of the various components of the work they do. They must comprehend adolescent processes and tendencies, be comfortable with family dynamics, understand the machinations of the education world, be aware of how enrollment offices operate, be cozy with the decision makers and know what works and what doesn’t for a particular applicant at a particular institution. Longevity and respect in the business are sine qua nons as the landscape changes frequently, institutions alter missions and rethink priorities and, often on a yearly basis and especially at the most selective, the prize of acceptance becomes more and more elusive.
Financial advisors and admissions counselors work well together; there is little redundancy as each is an expert in his or her respective field and their combined wisdom allows families to proceed with confidence that they are giving their children every possible edge in a complicated, hyper-competitive arena.
Kevin, a financial specialist with offices in Princeton, New Jersey, has this to say, “By establishing a working relationship with my educational planner, I can concentrate on what I do best which is manage my clients’ finances and know the academic piece is being addressed. It’s a win-win situation. My advice is no longer couched in the abstract because, with his input, we can predict with greater certainty where my client will be admitted and that allows me to concentrate on the affordability factors. Our collaboration adds a degree of focus and specificity I never imagined and my clients reap the rewards.”
So, for those of you desirous of taking your practice to the next level, I suggest you contact the Independent Educational Consultants Association and/or the American Institute of Certified Educational Planners. Their members are consummate professionals who must qualify in myriad ways for their credentials. Select those in your area who possess the expertise you seek, call or email about your willingness to explore a working relationship and see what transpires. I can almost guarantee that you will not be disappointed.

