When we look at the opioid epidemic in the United States, it’s impossible to ignore how financial incentives played a destructive role. Pharmaceutical companies encouraged doctors to prescribe painkillers like OxyContin, offering them financial rewards, such as bonuses, speaking fees, and perks, based on how much they prescribed. This model put profits above patient care, … Continue reading The Opioid Epidemic and Financial Advice: A Tale of Misaligned Incentives
Tag: Financial Planning
Will Technology Create More Time for Advisers to Connect with Clients: Will Future Advisers Be Selling Products or Focusing on Planning?
In today’s rapidly evolving financial landscape, the role of a financial adviser is undergoing significant shifts, thanks to technology. Yet, the key question remains: Will technology truly create more time for advisers to connect with their clients? Let’s unpack this with an eye on where we stand today and what the future might hold. Advisers … Continue reading Will Technology Create More Time for Advisers to Connect with Clients: Will Future Advisers Be Selling Products or Focusing on Planning?
CII and PFS: The Membership Dilemma for Financial Planners
There’s an ongoing debate that has left many financial planners feeling stuck between a rock and a hard place when it comes to their membership with the Chartered Insurance Institute (CII) and the Personal Finance Society (PFS). Recent communications from the CII suggest a rather troubling message: "You’re stuck with us." But are financial planners … Continue reading CII and PFS: The Membership Dilemma for Financial Planners
Are Banks Returning to the Advice Market? Or Just Dipping a Toe in Distribution?
Twelve years ago, bank bosses stepped away from the bancassurance market, labelling it a zero-sum game. Now, they’re back with fresh plans. So, what’s changed, and is it a good idea? HSBC, Barclays, and Lloyds are all making a big push back into wealth management, with HSBC aiming to double its assets under management to … Continue reading Are Banks Returning to the Advice Market? Or Just Dipping a Toe in Distribution?
Introducing Our New Brochure: The Holistic Wealth Planner: Your Pathway from FS Pro to Holistic Wealth Planner (HWP)
Navigating the world of financial planning can often feel overwhelming, especially when you're eager to elevate your career and make a real impact on clients’ lives. At the Academy of Life Planning, we understand that our range of services and development opportunities can sometimes seem like a maze. That's why we’ve created a concise, user-friendly … Continue reading Introducing Our New Brochure: The Holistic Wealth Planner: Your Pathway from FS Pro to Holistic Wealth Planner (HWP)
Why a Financial Planning Side-Hustle is a Win-Win for Sellers and Buyers of Exited Financial Advice Firms
For seasoned financial advisers who’ve spent years building a successful boutique advice firm, there comes a time to consider stepping back. The idea of leaving behind the pressures of the FCA-regulated world—heavy compliance, liability, and endless red tape—can be an appealing vision. After years spent advising on products, many dream of retiring from regulation, surrendering … Continue reading Why a Financial Planning Side-Hustle is a Win-Win for Sellers and Buyers of Exited Financial Advice Firms
The Rise of Co-Manufacturing: Are Adviser Firms Really Adding Value, or Just Fees?
A growing trend called "co-manufacturing" in financial advice is shifting more responsibility for your portfolio's performance to adviser firms, who are now partnering with discretionary fund managers (DFMs) to customise investments. But while these arrangements might sound beneficial, especially when marketed with claims of higher returns, there are crucial details that clients should examine closely. … Continue reading The Rise of Co-Manufacturing: Are Adviser Firms Really Adding Value, or Just Fees?
Why Holistic Wealth Planning is the Future in an Ageing Society
As we face the realities of an ageing society, the role of financial planners must evolve. It’s no longer enough to focus solely on financial capital, the traditional bedrock of most financial plans. Instead, planners are now called to become holistic wealth planners, integrating strategies that go beyond managing money to embrace the wealth we … Continue reading Why Holistic Wealth Planning is the Future in an Ageing Society
Building a Career as a Financial Planner Without Selling Products: A New Professional Development Pathway
In financial planning, many aspiring planners feel pressured to follow the well-worn path of product sales. For those looking to help clients without ever selling a product, the journey can seem daunting. However, a robust and rewarding career as a financial planner doesn’t have to involve product placement or sales; instead, it can focus entirely … Continue reading Building a Career as a Financial Planner Without Selling Products: A New Professional Development Pathway
Join the Academy of Life Planning’s ELITE Programme: Your Path to Becoming a Self-Employed Holistic Wealth Planner
Are you ready to transform your career and step into a future where you’re in control of your own financial planning practice? The Academy of Life Planning’s ELITE Programme is designed for financial coaches, advisers, and planners who are looking to become self-employed Holistic Wealth Planners. With a focus on both financial and human capital, … Continue reading Join the Academy of Life Planning’s ELITE Programme: Your Path to Becoming a Self-Employed Holistic Wealth Planner
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