As Independent Financial Advisers (IFAs) navigate the evolving landscape of financial planning, a significant shift is occurring. Increasingly, both advisers and their clients are recognising the benefits of moving away from FCA-regulated intermediation to a more holistic and meaningful generic financial planning approach. This transition not only offers a smoother lifestyle for advisers but also … Continue reading Transitioning from FCA-Regulated Intermediation to Meaningful Generic Financial Planning: A New Paradigm for Independent Financial Advisers
Tag: investing
The Growing Concern of Impact-Washing in Social Investing
The Growing Concern of Impact-Washing in Social Investing At the Academy of Life Planning, we are dedicated to fostering transparency, integrity, and true social value in financial planning. Recently, a thought-provoking article by Mick McAteer of the Financial Inclusion Centre has brought to light a significant issue in the social investing sector: impact-washing. As champions … Continue reading The Growing Concern of Impact-Washing in Social Investing
Why the Financial Services Industry Must Transform to Regain Public Trust
In recent years, the financial services industry has faced a significant backlash from the public. It's not surprising, considering the industry’s track record of scandals, exploitative products, and confusing jargon designed to obfuscate rather than clarify. The sector has garnered a reputation for prioritising self-interest over client welfare, often leading to high earnings for the … Continue reading Why the Financial Services Industry Must Transform to Regain Public Trust
The Shift to Recurring Fees: A Boon or a Curse for Financial Advisers?
For over a decade, since the Retail Distribution Review (RDR) was implemented, financial advisers have increasingly shifted their commercial models towards recurring fees. Today, two-thirds of the revenue in the UK financial investment advice industry comes from ongoing fees based on assets under management (AUM), amounting to a substantial £3.6 billion annually out of a … Continue reading The Shift to Recurring Fees: A Boon or a Curse for Financial Advisers?
Transforming the Financial Advice Industry into a Holistic Financial Planning Profession
Centralised Investment Propositions: The New Norm In the UK, approximately 90% of financial advice firms have adopted centralised investment propositions (CIPs). These are standardised investment strategies or portfolios managed either by the firm itself or a third-party provider. The primary goal is to streamline the investment process and ensure consistency in the advice given to … Continue reading Transforming the Financial Advice Industry into a Holistic Financial Planning Profession
The Shifting Landscape of Financial Planning: Multi-Generational Retirement and Wealth Management
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
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?
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