Academy of Life Planning’s Post

🚨 New Read Alert! Advice-Guidance Review! 🚨 In a world where financial discussions often seem to orbit the wealthiest 8%, it's easy to forget the pressing realities of the majority. 🌍💼 Our latest blog dives deep into the heart of this issue, challenging the prevailing narrative in the financial advice industry. At a time when the cost of living crisis squeezes us tighter, the call for financial inclusivity has never been louder. 📣 The recent talks about financial advice reforms and the push towards simplified advice miss a critical point - the needs of the 'squeezed other'. 🏡💸 Why are we focusing on expanding investment advice when what's urgently needed are strategies for immediate financial survival and sustainable livelihoods? 🤷♂️🌱 It's time to pivot from selling to supporting, from advising the few to empowering the many. Let's start a conversation that matters. Read, reflect, and let us know your thoughts. Together, we can redefine what financial planning means for everyone, not just the few. 💪❤️ Read our blog: https://rfr.bz/ll67brh #FinancialInclusivity #SqueezedMiddle #CostOfLivingCrisis #AcademyLifePlanning #ChangeTheNarrative

🚨 New Read Alert! Advice-Guidance Review! 🚨 In a world where financial discussions often seem to orbit the wealthiest 8%, it's easy to forget the pressing realities of the majority. 🌍💼 Our latest blog dives deep into the heart of this issue, challenging the prevailing narrative in the financial advice industry. At a time when the cost of living crisis squeezes us tighter, the call for financial inclusivity has never been louder. 📣 The recent talks about financial advice reforms and the push towards simplified advice miss a critical point - the needs of the 'squeezed other'. 🏡💸 Why are we focusing on expanding investment advice when what's urgently needed are strategies for immediate financial survival and sustainable livelihoods? 🤷♂️🌱 It's time to pivot from selling to supporting, from advising the few to empowering the many. Let's start a conversation that matters. Read, reflect, and let us know your thoughts. Together, we can redefine what financial planning means for everyone, not just the few. 💪❤️ Read our blog: https://rfr.bz/ll67brh #FinancialInclusivity #SqueezedMiddle #CostOfLivingCrisis #AcademyLifePlanning #ChangeTheNarrative

The quality of the financial advice provided by passive advisers is more highly regarded by the most financially literate, a new study shows https://lnkd.in/evYeNJiW

In his blog, Nick Hulme says that clients should be empowered to make good financial decisions, ensuring the financial advice sector remains strong and sustainable. #FinancialAdvice #FinancialServices #FinancialRegulation #ConsumerProtection

Habits to improve your financial wellbeing through the eyes of financial advisors https://lnkd.in/gzsZNjkq

Lackluster investment returns may drive some people to break up with a financial advisor, but judging an advisor’s results is not only about the profits. As in many relationships, romantic and professional, the issue is often about trust. Here are few reasons why it may be time to break up with your financial advisor. Tim Maurer, SignatureFD; James Lee, CFP®, CRPC®, AIF®, Financial Planning Association (FPA), Danielle Labotka, Samantha Lamas, Morningstar, NAPFA - National Association of Personal Financial Advisors #financialadvisor #financialplanning

The Changing Landscape of Financial Advice and Wealth Management in Jersey and what it means for you? You may have noticed reports in the press recently in relation to sales (there are more to come) and a failed purchase of a couple of local financial institutions. The owners of these business who have worked hard to grow their business over the years and are now seeking to execute their succession plans. The industry is undergoing a significant shift, with independent business being acquired by larger providers. While this consolidation might seem like a sign of progress, it’s worth looking closely at what it could mean for you. Restricted vs. Independent Advice: Independent advisers have the freedom to explore the whole market, tailoring strategies and plans specifically to your unique needs. Restricted advisers may be limited to a smaller range of their own options. This can impact objectivity and potentially constrain investment performance, as advisers may not have access to more appropriate options within the market which they are unable to offer due to them only being able to use their own product range. In simple terms this could mean your investments and pensions could be moved from plans that are fit for purpose and future proofed into plans that are built buy the new owner and are being used as that is their only option meaning potentially that all your eggs would now be in one basket. Risk of Service Dilution: Large, restricted firms often work with higher volumes, which may mean reduced service levels. The close planner-client relationship many value with independent firms can suffer as a result, which could impact not only financial outcomes but also the quality of ongoing advice and support. What to Consider: Understanding who is providing your financial advice and what influences their recommendations is crucial. Are you receiving truly independent guidance, or is it constrained by corporate partnerships and quotas? Knowing the difference could be the key to optimising your financial goals and ensuring your plan remains in your best interest. In a consolidating market, the value of genuine independence in financial advice is crucial.

Have you ever felt that you're paying too much for your Financial Advisor? You're not alone. Find out how advisory services SHOULD be priced, from a firm that is not afraid to talk about it. Read our blog today! https://bit.ly/3VmAA39

What do investors want from their financial advisers? According to a new survey, personalized financial advice and goal-based planning. #financialplanning #financialadvice #financialadvisors https://lnkd.in/ehD2GJre

Have you ever felt that you're paying too much for your Financial Advisor? You're not alone. Find out how advisory services SHOULD be priced, from a firm that is not afraid to talk about it. Read our blog today! https://hubs.ly/Q02X0HV30