The Game Plan: 10 value-adding services for advice-only financial planners.

We believe that removing regulated advice from financial planning is not a service people would value and pay for, as advisers have trained clients to believe what remains is free. We need to add value to the service. We do this with the Game Plan. Here are ten additional services offered by Academy members to … Continue reading The Game Plan: 10 value-adding services for advice-only financial planners.

Some clients should stop investing for 12 months to pay off their debts.

NOTE FROM TTF CANADA MEMBER KEN KIVENKO ABOUT FINANCIAL WELLBEING "This is a terrific and timely commentary by Carrick. Reading it will improve your financial well-being. You won't find too many regulators publishing such candid material for financial literacy month. OBSI and Investor Protection Clinics might consider it, though. #1 Some clients should stop investing … Continue reading Some clients should stop investing for 12 months to pay off their debts.

How is financial planning different for advice-only financial planners?

Financial planning to solve a problem is very different to financial planning given during or in preparation for buying or selling a regulated investment. When I demo HapNav – our end-user financial planning app – the “fix it” function suggests potential solutions. An array of diagnostic simulations are executed every time a user clicks on … Continue reading How is financial planning different for advice-only financial planners?

Is financial services an industry for alpha males?

Dictionary.com defines the term alpha male as follows…  “A male animal having the highest rank in a dominance hierarchy… the most dominant, powerful, or assertive man in a particular group.” That’s not me. “The reason we’re letting you go, Steve, is you’ve delivered a five-year strategy, and we can pay someone half your salary to implement it, and … Continue reading Is financial services an industry for alpha males?

Financial Advisers: Begin with the end in mind.

Listening to Brian Hill, from the Exit Partnership, at PFS Festival this week, one certainly stood out for me. You’re going to exit … walking, pushed or wheeled! And it would help if you planned for this eventuality now to get the best deal for you, your team, and your clients. And whilst it’s relatively … Continue reading Financial Advisers: Begin with the end in mind.

Trained to plan: Licensed to flog!

Many Chartered and Certified Financial Planners haven't understood what financial conduct regulation is all about. We have made an enormous investment in professional qualifications over our entire working lives to be the best financial planners we can be. Then we waste it by obtaining an FCA/ SEC / FSCA / etc. license to sell. Few … Continue reading Trained to plan: Licensed to flog!

Be the Change: Groundbreaking Community Financial Planning App Born To Eliminate Income Inequality

Innovation breeds opportunity. One idea emerging from the symbiosis of a disruptive distribution model and app is one-to-many, none-to-many, and many-to-many financial planning services. The world's first advice-only financial planning network, the Academy of Life Planning, hosts the world's first customer-directed Open banking-powered financial planning application, HapNav, the happiness navigator (a fact acknowledged by Moneyhub). … Continue reading Be the Change: Groundbreaking Community Financial Planning App Born To Eliminate Income Inequality

Where do I get day to day support running my business when training is finished?

Question: Is the adviser course aimed at demonstrating competency? Given I've years of experience (with business figures from year dot) & I'm currently doing hours of financial coaching plus qualifications in Executive Leadership, I'm unsure what the fast-track course will provide. I appreciate that I'll need to learn cash flow modelling and will benefit from … Continue reading Where do I get day to day support running my business when training is finished?

The Empty Business Model – Is it Plans or Assets?     

“I think that the pivot is now on. The Duty, 4.4% bank rates are readily available; client portals causing clients to take the wrong actions; 7% + annuity rates, and these are scenarios that post RDR no one has experienced. Hence, the fee being anchored on the plan.” – Anom, Oct 2022. Here’s our current … Continue reading The Empty Business Model – Is it Plans or Assets?     

Save 10% after 5 years by taking the investment adviser out of financial planning.

You can take the investment adviser out of financial planning. And save over 10% on your investments after 5 years! Financial advice is offered today, with the adviser tapping into your assets for fees. Some claim that they can deliver superior investment returns when compared to the market. Be wary of such claims. I don't … Continue reading Save 10% after 5 years by taking the investment adviser out of financial planning.