How do you feel about your adviser relationship being sold to another firm? You probably thought you had a relationship with your financial adviser. Perhaps you thought it was a relationship of stewardship. You own your money. You own your life. You make the decisions. Your adviser brings expertise, experience and perspective to help you … Continue reading Are You Being Treated Like an Item of Inventory by Your Adviser?
Tag: business
Why Build a Total Wealth Planning Practice Alone?
Most financial planning businesses begin with one person. One planner. One diary. One network. One set of skills. One person carrying the whole thing. That can work. But it also creates an obvious weakness. If everything depends on you, you may have created a practice — but you have not yet created much organisational resilience. … Continue reading Why Build a Total Wealth Planning Practice Alone?
The Financial Planning Business Model Parliament Could Imagine — But Not Believe Would Work
Non-intermediating financial planning is older than my career. AI may finally make it economically obvious. I joined Refuge Assurance as an actuarial student in 1982. At the time, Professor Laurence Gower was already conducting the Review of Investor Protection that would help reshape British financial regulation. So there is an irony I had never appreciated … Continue reading The Financial Planning Business Model Parliament Could Imagine — But Not Believe Would Work
Who Said Financial Planning Needed a Product Licence?
Why the trailblazers of financial planning are moving from the regulated 1% to the human 100% Most financial planners did not enter the profession because they wanted a licence to sell products. They entered because they wanted to help people. They wanted to help people make better decisions, avoid costly mistakes, prepare for uncertainty and … Continue reading Who Said Financial Planning Needed a Product Licence?
The Salary Trap: What Is a Graduate Really Signing Up For in an AUM Advice Firm?
The Graduate Advice Trap: Your Salary, Their Assets, Someone Else’s Business A graduate enters financial services wanting to become a financial planner. They want to help people understand money, make better decisions and build a life around what matters. The industry offers them something apparently reassuring: A salary. Training. Professional qualifications. A career path. Perhaps, … Continue reading The Salary Trap: What Is a Graduate Really Signing Up For in an AUM Advice Firm?
When Clients Become Assets: What the £4m SJP Court Dispute Reveals
SJP partners in court over £4m client bank sale dispute A £4 million court dispute between St James’s Place partners has cast an uncomfortable light on the trade in so-called “client banks”. Helen Rogers alleges that the portfolio of around 800 clients she acquired from retiring partners contained serious problems, including clients who had not … Continue reading When Clients Become Assets: What the £4m SJP Court Dispute Reveals
Financial Iceberg: ChatGPT Exposes Hidden Truths
Today I came across this post on LinkedIn: I ACCIDENTALLY UNLOCKED "GOD MODE" IN CHATGPT,AND IT STARTED TEACHING ME THINGS I DIDN'T KNEW EXISTED.HERE ARE THOSE 7 CHATGPT PROMPTS THAT WILL CHANGE EVERYTHING FOR YOU:Forbidden Wisdom DecoderPrompt:What are the lesser-known, under-the-surface truths about [insert topic/field] that are rarely shared publicly because they challenge mainstream thinking? … Continue reading Financial Iceberg: ChatGPT Exposes Hidden Truths
Do You Understand the Business Model Behind Your SJP Advice?
A clarity check for more than one million St. James’s Place clients Your adviser may know your family, your ambitions and your worries. They may have helped you through retirement, bereavement, a business sale or a difficult investment decision. You may trust them—and that trust may be well deserved. But there is another question worth … Continue reading Do You Understand the Business Model Behind Your SJP Advice?
Could You Make a Living Teaching Citizens to Use AI—Instead of Managing Their Money for Them?
From Assets Under Management to Agency Under Development. For decades, the financial-services business model has been built around a simple proposition: People do not understand money well enough to manage it themselves. So they should delegate. Delegate the analysis.Delegate the decisions.Delegate the implementation.Delegate the ongoing management. Then pay someone, often indefinitely, for the privilege. Artificial … Continue reading Could You Make a Living Teaching Citizens to Use AI—Instead of Managing Their Money for Them?
You Don’t Have to Abandon Advice to Start Restoring Agency
Many regulated financial advisers can see that the relationship between clients, technology and professional expertise is changing. They understand the argument for greater client capability. They recognise that AI is reducing information asymmetry. They may even agree that financial planning should leave people more able to understand, choose and act for themselves. But agreement does … Continue reading You Don’t Have to Abandon Advice to Start Restoring Agency
Academy of Life Planning 