For most of your financial planning career you’ve fought hard to ‘bundle’ your advice to clients. What does ‘bundled advice’ mean? It means the client gets everything included for one fee; in this case the ongoing 1% of assets under management, or flat fee that you charge (whichever version you prefer). I realise that initial advice is usually offered as a stand alone fee-based option, albeit with the belief that a very large percentage of people who take your initial advice … [Read more...] about The (not so new) trend
Have you got 2020 vision, or do you need to go to Specsavers? 2020 is going to be a huge year for all of us in the Financial Planning community. Change is accelerating at an accelerating rate. It’s scary and exciting all at the same time. Here are three themes that I expect to be huge in 2020. 1. Vision If you haven’t got a clear vision of where you want to be, and where you want to play in the future financial services world, it’s going to get tough. Clarity of vision … [Read more...] about Do you have 2020 vision?
To round off 2019, I take a look at the most popular blogs that have resonated most with the readers over the course of the year. They hit some major topics like effective planning, changing financial times and building systems that will make your business great. If you missed them the first time around, here they are for you to catch up on. I hope you enjoy them. Here's to a great Christmas and a wonderful New Year. Forget About Goals, Work on Systems Goal setting gets … [Read more...] about Forget About Goals, Rise of the Robos and Why We Hate to Plan: Our 3 Most Popular 2019 Articles
2019 is almost over. What the hell happened? Here are my top 5 themes from the year just gone: 1. Hiring Was Tough I’ve never known a labour market so tight in my whole career (29 years). It didn’t matter who I spoke to, where they were located, or what position they were hiring for, it was incredibly tough to find suitable candidates. If that was your experience too, don’t stress; you were not alone. If that wasn’t your experience and you snagged someone amazing for … [Read more...] about Cyborgs, Subscriptions and Other Observations From 2019
There’s good stress and there’s bad stress. Bad stress? Relationship problemsFinancial worriesWorking too much Good stress? Challenging work ExerciseLearning to play Hendrix on my guitar And while we know we need a certain level of stress in our lives to feel alive, if we go too hard for too long, stress can build up. James Clear wrote a blog about it: The Theory of Cumulative Stress. Here’s one great point (one of many in fact) he made about his gym … [Read more...] about Should you be working harder? (Not in my opinion)