Traditional financial planning often revolves around intermediating services provided by financial advisers. Holistic financial planning, however, offers a broader and deeper approach. Here, we explore eight features that distinguish holistic financial planning from its traditional counterpart. Authenticity Holistic financial planning begins with a process of self-discovery, often called values-based financial planning. Planners help clients identify … Continue reading 8 Essentials that Differentiate Holistic Financial Planning from Traditional Financial Planning
Month: July 2024
Speaking Up for Integrity in Financial Services: A Necessary Stand
Recently, Phil Bray, a financial adviser marketing support agent, voiced his discomfort with public criticism of peers and competitors within the financial services industry. In his post, Phil argued that such criticism could alienate potential clients and tarnish the reputation of the profession as a whole. While I understand his perspective, I must respectfully disagree … Continue reading Speaking Up for Integrity in Financial Services: A Necessary Stand
The Significance of the Longevity Illustrator in Life Planning
As we navigate the intricate paths of life planning, one of the pivotal aspects that demands our attention is understanding our longevity. This understanding forms the bedrock of effective financial planning, ensuring that resources are not only sufficient but optimally allocated to sustain us throughout our lifetime. The Actuaries Longevity Illustrator, developed by the American … Continue reading The Significance of the Longevity Illustrator in Life Planning
Transitioning from SJP to a Financial Planning Firm Without Regulatory Debt Restrictions
Understanding the Dilemma According to FT Adviser, many St. James's Place (SJP) advisers are currently grappling with the challenge of plummeting practice valuations and significant debt burdens. The recent economic environment, coupled with the specifics of SJP’s internal valuation methods, has placed advisers in a precarious position. The situation echoes troubling precedents set in Australia, … Continue reading Transitioning from SJP to a Financial Planning Firm Without Regulatory Debt Restrictions
The Longevity Imperative: A Holistic Approach to Financial Planning
In the realm of financial planning, embracing a holistic approach is essential, and Andrew J. Scott's book, "The Longevity Imperative: Building a Better Society for Healthier Longer Lives," aligns perfectly with this philosophy. This book is a must-read for anyone considering a career in financial planning or those looking to create their own comprehensive financial … Continue reading The Longevity Imperative: A Holistic Approach to Financial Planning
“I Ching”, The GAME Plan, and the Ancient Natural Cycle from Creation to Manifestation
The I Ching, also known as the "Book of Changes," is an ancient Chinese divination text and one of the oldest Chinese classics. It is a cornerstone of Chinese philosophy and has influenced many aspects of Chinese culture, including Confucianism, Taoism, and Chinese medicine. The I Ching is used primarily for divination, providing guidance and … Continue reading “I Ching”, The GAME Plan, and the Ancient Natural Cycle from Creation to Manifestation
Civilization Is Yours: So, Own it!
Look around. Disappointed with the state of the world? It's easy to point fingers. But here's the kicker: it's our fault. Yep, you heard me. The world’s mess is on us. Let’s break it down. The Freedom to Own Each Moment George Kinder, in "The Three Domains of Freedom," talks about how each moment is … Continue reading Civilization Is Yours: So, Own it!
The Evolution of the Personal Well-Being Index and the Impact of Omitting Spirituality and Religiosity
The Personal Well-being Index (PWI) has been a crucial tool for measuring subjective well-being across various life domains. Developed by the International Wellbeing Group, the PWI traditionally includes seven domains: standard of living, health, achieving in life, relationships, safety, community-connectedness, and future security. These domains collectively provide a comprehensive assessment of an individual's well-being, informing … Continue reading The Evolution of the Personal Well-Being Index and the Impact of Omitting Spirituality and Religiosity
Exploring the Five Essential Elements of Wellbeing
At the Academy of Life Planning, we continually strive to integrate comprehensive wellbeing into financial planning. Understanding the broader aspects of wellbeing is crucial, not just for our personal growth, but also for guiding those we serve. Gallup's 2010 research offers profound insights into what constitutes a thriving life. Let's delve into the five essential … Continue reading Exploring the Five Essential Elements of Wellbeing
The Future of Financial Planning: Why the Academy of Life Planning Should Become a Professional Body
In today's rapidly evolving financial planning landscape, there is a clear and growing need for professional financial planners who are not tied to product sales. As market dynamics shift, the need for a dedicated professional body that represents these non-intermediating financial planners has never been more apparent. The Academy of Life Planning (AoLP) is uniquely … Continue reading The Future of Financial Planning: Why the Academy of Life Planning Should Become a Professional Body
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