“The true wealth of a nation lies not in its stock markets or its banks, but in the health, knowledge, and purpose of its people.” A 2008 study by Amparo Castelló-Climent and Rafael Doménech in The Economic Journal offers profound insights that every Holistic Wealth Planner should understand. Beneath its formal econometric modelling lies a … Continue reading Human Capital Inequality and Life Expectancy: Lessons for Holistic Wealth Planners
Tag: personal-finance
What Economists Teach Us About Human Capital — Lessons for Holistic Wealth Planners
“To reduce unduly expenditure on children may greatly lower their efficiency in after-life.” — Arthur Pigou, The Economics of Welfare (1928) Economists have long recognised that people—not money—are the true source of wealth. A recent academic study by Lucia Rizzica at University College London, Essays on the Economics of Human Capital, offers valuable lessons for … Continue reading What Economists Teach Us About Human Capital — Lessons for Holistic Wealth Planners
2026: The Extinction of Lifetime Cashflow Modeller Businesses
2026 will mark the end of an era for lifetime cashflow modelling software — and possibly for many advisers who depend on it. We’ve seen them all: Voyant, Timeline, Prestwood Truth, CashCalc — once considered cutting-edge tools for financial planning. These systems were designed to help advisers demonstrate value and justify asset-based fees by answering … Continue reading 2026: The Extinction of Lifetime Cashflow Modeller Businesses
The Enabling Environment: Why Structural Trust Is the True Engine of Wealth
“The key for the future of any country lies in the talent, skills, and capabilities of its people.”— Dr. Mahesh U. Daru, Human Capital: The Tool for Economic Growth and Development When we talk about wealth, our culture still reaches first for money. But as Dr. Mahesh Daru’s paper reminds us, it is people—not capital—that … Continue reading The Enabling Environment: Why Structural Trust Is the True Engine of Wealth
The End of the Industrial Adviser Model: What the Vanguard Study Really Shows
A new study from Vanguard has revealed a quiet revolution underway in financial advice — and most advisers don’t even see it coming. Almost half of clients surveyed said they would like to meet their financial adviser more than once a year. On the surface, this might look like a call for better service. In … Continue reading The End of the Industrial Adviser Model: What the Vanguard Study Really Shows
From Fee-for-No-Service to Empowered Planning: A New Chapter for Ongoing Advice
In recent years, one of the most striking stories in UK wealth management has centred on SJP. What started as the promise of ongoing advice, review and service has instead, for many clients, become a worrying case-study of paying for something not delivered. The SJP story: When “ongoing advice” became a contested charge SJP has … Continue reading From Fee-for-No-Service to Empowered Planning: A New Chapter for Ongoing Advice
💡 Why Equal Access to Human Capital Is the New Engine of Growth
Lessons from global research on education, inequality, and empowerment In 2002, economists Amparo Castelló and Rafael Doménech published a groundbreaking study, Human Capital Inequality and Economic Growth, examining data from over a hundred countries between 1960 and 2000. Their findings carry profound implications not just for policymakers — but for us as Holistic Wealth Planners … Continue reading 💡 Why Equal Access to Human Capital Is the New Engine of Growth
Standard Life launches affordable pension advice business: “Flat-Fee Advice or Flat-Out Missed the Point?”
Standard Life’s new flat-fee pension advice service is being framed as a breakthrough in accessibility — £1,000 for advice, £500 for an annual review, available to customers with £50,000+ DC pots. On the surface, this looks like progress. But beneath the headlines lies a deeper problem in how “advice” continues to be defined and delivered … Continue reading Standard Life launches affordable pension advice business: “Flat-Fee Advice or Flat-Out Missed the Point?”
10 Lessons in Human Capital: Making Education, Mentorship, and Self-Development Part of the Family Balance Sheet
By Steve Conley, Founder of the Academy of Life Planning 💡 Introduction: The Wealth We Overlook When most people think of a balance sheet, they see assets and liabilities — property, pensions, savings, and debt. Yet, according to global studies, over 80% of a nation’s true wealth lies not in its financial capital, but in … Continue reading 10 Lessons in Human Capital: Making Education, Mentorship, and Self-Development Part of the Family Balance Sheet
10 Lessons in Human Capital: Turning Obsolescence Risk into Opportunity
“The greatest difference between developed and underdeveloped societies is not money—but mind.”— Adapted from Latif Zeynalli, European Journal of Social Impact and Circular Economy (2020) In a world where technology evolves faster than we can adapt, the greatest risk we face is not financial loss — it’s human obsolescence. The World Bank estimates that 64% … Continue reading 10 Lessons in Human Capital: Turning Obsolescence Risk into Opportunity
Academy of Life Planning 