As demographic shifts reshape the composition of families, the challenges facing financial advisers are becoming increasingly complex. In the UK, the phenomenon of multi-retiree families is on the rise, with projections suggesting that by 2044, as many as 1.4 million families will have more than one generation retired. This demographic shift poses significant challenges for … Continue reading The Shifting Landscape of Financial Planning: Multi-Generational Retirement and Wealth Management
Tag: investing
Understanding the Impact of Transparency in Financial Services: A Key Conversation
In the Potentialisation's latest Youtube video feature, we dive deep into the crucial topic of transparency in the financial services industry with Steve Conley, founder of the Academy of Life Planning. This enlightening discussion not only sheds light on the current state of financial advising but also offers a glimpse into potential solutions that prioritise … Continue reading Understanding the Impact of Transparency in Financial Services: A Key Conversation
Your Money or Your Life: Enjoy Wealth in Every Area of Your Retirement!
By Steve Conley, author of Your Money or Your Life: Unmask the highway robbers-Enjoy wealth in every area of your life Paperback – Illustrated, 6 Jun. 2019. Abstract This article challenges the predominant narrative promoted by financial institutions that emphasise financial preparedness as the cornerstone of retirement satisfaction. Empirical evidence from the National Bureau of Economic … Continue reading Your Money or Your Life: Enjoy Wealth in Every Area of Your Retirement!
Evolving Financial Planning: Adapting Lifecycle Frameworks for Modern Realities
Introduction: In the wake of significant societal and economic shifts, traditional financial planning models often fall short in addressing the dynamic nature of modern life. Traditional models, such as the one detailed in "Lifetime Financial Advice: A Personalized Optimal Multilevel Approach" by Thomas M. Idzorek and Paul D. Kaplan, provide foundational insights but require substantial … Continue reading Evolving Financial Planning: Adapting Lifecycle Frameworks for Modern Realities
Could having a financial planning side hussle help with the succession of independent financial advice firms?
Having a financial planning-only side hustle could indeed offer a lifeline for the succession of independent financial firms, especially in the context of the challenges highlighted by Warren Ingram from Galileo Capital. Let’s explore the potential benefits: Diversification of Revenue Streams: A side hustle in financial planning, distinct from the core advisory services of a … Continue reading Could having a financial planning side hussle help with the succession of independent financial advice firms?
Navigating the Two Hats Dilemma: Managing Conflicts of Interest in Financial Planning
As financial professionals, maintaining client trust is paramount. However, conflicts of interest can arise when individuals or firms juggle both regulated and unregulated activities, often referred to as "wearing two hats." This scenario is particularly relevant for financial planners who simultaneously operate as regulated financial advisers. The Two Hats Scenario In the world of financial … Continue reading Navigating the Two Hats Dilemma: Managing Conflicts of Interest in Financial Planning
Bridging the Financial Advice Gap: A Holistic Approach Beyond Traditional Savings
"Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid." - Albert Einstein. In a world where financial advice is often synonymous with asset accumulation, a glaring disparity remains starkly evident: the financial advice gap. This chasm … Continue reading Bridging the Financial Advice Gap: A Holistic Approach Beyond Traditional Savings
Reassessing Consumer Financial Guidance Amidst a Cost of Living Crisis
In recent surveys, notably by Handelsbanken Wealth and Asset Management, it has emerged that a significant portion of the UK adult population harbours deep concerns about their financial future. The data indicates that 46% of UK adults fear a declining standard of living over the next 12 months, with this apprehension most acute among those … Continue reading Reassessing Consumer Financial Guidance Amidst a Cost of Living Crisis
Empowering Retirement: The Essential Shift from Financial Advice to Financial Planning
In recent years, the narrative surrounding retirement planning has been heavily shaped by the insurance industry, with a strong emphasis on the need for long-term savings, investments, and insurance products. Market research often projects this perspective, aiming to guide consumer behaviour towards more traditional financial advice. However, a disconnect persists between what retirees truly seek … Continue reading Empowering Retirement: The Essential Shift from Financial Advice to Financial Planning
Financial Planning Coaching in South Africa: Empowering Consumers Towards Financial Well-being
In South Africa, where financial literacy is crucial for securing economic stability, Financial Planning Coaches are playing an increasingly vital role. Unlike traditional financial planners, these professionals focus on broad financial education and strategic guidance without the need for a FINRA Series 65 license. This article delves into the role of Financial Planning Coaches, the … Continue reading Financial Planning Coaching in South Africa: Empowering Consumers Towards Financial Well-being
Academy of Life Planning 