My firm’s average client age is substantially lower than that of the wider industry, at mid-30s. I work with two main subsets of clients as well: young professionals/business owners and sports professionals.
At the end of the working day yesterday - Wednesday 7th Feb 2018 - the FTSE was up 138 points or nearly 2%, the Dow Jones Industrial index was up 0.2% after a 2% rise the day before and most of the developed markets have had green (positive) days post the normal levels of volatility seen earlier this week and last.
For those of us in the advising space, helping clients tune out the noise is extremely difficult. In fact, tuning the noise out in general is extremely difficult. There is just so much of it. Magazines, blogs, Twitter, Facebook, LinkedIn and newspapers are available and in your face all day every day.
As a business, Engage Financial Services Ltd specialises in planning - helping our clients develop and achieve meaningful life and financial objectives. So clearly, Financial Planning is what we do! In order to build a bespoke financial plan for a client, we need to get a full view of their financial and lifestyle goals and objectives.
I attended a financial planning conference last week and the theme of the day was lifestyle financial planning. There is a kind of movement in the UK currently and in my view, it’s a pretty good one to be a part of. The crux of the matter is to help clients achieve their desired lifestyle. To move away from financial advisers of the past who have been all too happy to sell a product and move on to the next client.