MiFID reviews need you to give ongoing, usually annual advice to clients. This gives you a great chance to continually tweak the client’s plans. In this article, I explore ways to manage clients expectations and help them understand what the future looks like.

Most people are familiar with the TV show Top Gear – aside from the silly pranks, this show reviews the inner-most workings, latest functionality, and performance of the modern cars hitting the market. But what does this have to do with Due Diligence?

Clients sometimes put off the most important things. Tracy has prepared an article that you might want to send out to your clients before their next review to help them focus on protection if it is something they have kicked down the road a few times in the past.

Before we get on to the matchmaking part, let me clarify what I mean by “sustainable investing”, which may or may not be the same thing that you call ESG. In my view and in the context of this article, sustainable investing is an umbrella term that covers all of the styles of investment – ethical, responsible, sustainable, impact, thematic, ESG – that in different ways consider environmental, social or moral challenges and/or good business practices when selecting the companies that they do (or don’t) invest in. Many people in finance use the term ESG in the same way. It’s important that we avoid confusion. As a sustainable investment specialist

9th December 2021 saw me complete 30 years in the financial services industry. A career that has spanned 3 decades and only with 3 employers. Maybe I am loyal, maybe I am stuck in my ways!!

On the first morning of 2022, I wrapped up warm and took a walk around my local park. After a while, I took a well-earned rest on a bench near a couple of women having a good old chinwag. I couldn’t help but overhear what they were talking about: “So, what New Year’s resolutions have you made then?”

I love music. I find it unsettling when I ask people what music they like and they say: “Oh, I don’t know really – I like a bit of this, and a bit of that… I’m not that bothered.” Inside, I am screaming: “How can you not get more excited about music?”

You may have seen the phrase ‘financial wellbeing’ become increasingly used over the last few years. It first appeared in the title of Chris Budd’s book, ‘The Financial Wellbeing Book’, back in 2016. We asked Chris, who founded the Initiative for Financial Wellbeing (IFW) for the advice community, if he could provide an introduction to the context of financial wellbeing, and explain how it can significantly enhance client outcomes as part of the financial planning process. Back in 2015, I came up with the term Financial Wellbeing in the title for my book to describe anything that relates to the relationship between money and how we use it to be happy.

When my daughter was born my wife and I brought her home, put her into a little basket and just looked at her with no idea what to do. After many moments of mild panic, I concluded that I would probably be most helpful in planning to start saving for her future. A couple of nappy changes later I was convinced that should be my role.