In the financial planning industry, there is often a miscommunication regarding business models and the nature of the roles involved. It is a common belief that all businesses engage in selling and, consequently, require sales skills. However, confusion arises when mutual fund distributors claim that their success hinges on fund distribution skills and product sales, … Continue reading Sales Shouldn’t Be Demonized: Clarifying Roles and Expectations in Financial Planning
Tag: Financial Planning
8 Essentials that Differentiate Holistic Financial Planning from Traditional Financial Planning
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
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
“Take Control of Your Financial Future with HapNav”
HapNav is the world's first end-user financial planning app integrated with Open Banking, designed to empower Gen XYZs to take control of their finances without relying on distrusted intermediaries. Priced affordably at just £6.99 per month, HapNav offers an accessible, user-friendly solution to manage your financial journey from wisdom to security, freedom, and beyond. Why … Continue reading “Take Control of Your Financial Future with HapNav”
The Future of Financial Advice: Empowerment Over Delegation
The financial advice market is undergoing a profound transformation. Traditionally dominated by a "delegator mentality," where financial planners managed assets on behalf of their clients, this model was particularly suited to the Baby Boomer generation. However, as we move further into the Information Age, younger generations—Gen X, Y, and Z—are seeking a different approach. They … Continue reading The Future of Financial Advice: Empowerment Over Delegation
Financial Planning is a Profession, Financial Intermediation is an Industry: Why the CII and PFS are in Trouble
The Chartered Insurance Institute (CII) and the Personal Finance Society (PFS) have long stood as pillars in the world of financial services. Yet, their recent struggles indicate a fundamental misunderstanding of the evolving landscape of financial planning and intermediation. As a Chartered Insurer since 1989 and a Chartered Financial Planner since 2017, I have witnessed … Continue reading Financial Planning is a Profession, Financial Intermediation is an Industry: Why the CII and PFS are in Trouble
The Great British Financial Adviser Dilemma: An Ode to Overload and Obsolescence
Ah, the United Kingdom, land of tea, crumpets, and, apparently, a grossly overburdened financial advisory sector. Let's break this down: with 28 million households and a whopping 28,000 financial advisers, each managing a maximum of 100 clients, only a mere 10% of households are graced with ongoing financial services. Yes, just 10%. That leaves 90% … Continue reading The Great British Financial Adviser Dilemma: An Ode to Overload and Obsolescence
The Difference Between FCA-Regulated Financial Planners Who Outsource Wealth Management and CMA-Regulated Financial Planners
Introduction In the UK, financial planning services can be regulated by different authorities depending on the nature of the advice provided. This article clarifies the distinctions between FCA-regulated financial planners who often outsource wealth management to discretionary fund managers (DFMs) through model portfolio services (MPS), and financial planners regulated by the Competition and Markets Authority … Continue reading The Difference Between FCA-Regulated Financial Planners Who Outsource Wealth Management and CMA-Regulated Financial Planners
The Future of Work: Why Holistic Financial Planning is Key to a Fulfilling Retirement
In today’s fast-evolving economic landscape, the concept of retirement is undergoing a radical transformation. Traditional notions of a 'hard stop' retirement, where work ceases entirely at a certain age, are increasingly unrealistic for many. New research by Phoenix Insights reveals that only half of UK adults believe they will achieve this ideal. Instead, a significant … Continue reading The Future of Work: Why Holistic Financial Planning is Key to a Fulfilling Retirement
Navigating Retirement with a Disabled Child: The Planner’s Perspective
Picture this: You’re a parent, juggling the relentless demands of caring for a disabled child. The financial adviser’s perspective is that causes a pension gap, their solution? Save more in pensions. But is that really the whole story? Let’s dive into a more comprehensive, realistic approach. The Adviser’s Take: Save, Save, Save Real-Life Impacts: The … Continue reading Navigating Retirement with a Disabled Child: The Planner’s Perspective
Academy of Life Planning 