The emotional value of advice

By |2024-05-03T08:43:36+00:00April 26th, 2024|Financial Planning|

Demonstrating the full value that financial advisers provide to their clients is notoriously challenging. Historically, the financial advice industry anchored on investment performance as the main source of advice value, but such analyses often failed to consider the emotional component of value that advised clients derive from their advisory relationships. Here, we draw on Vanguard’s

A Few Thoughts on Spending Money

By |2024-03-01T09:53:12+00:00March 1st, 2024|Financial Planning, Holistic Lifestyle Financial Planning|

There are two ways to use money. One is as a tool to live a better life. The other is as a yardstick of status to measure yourself against others. Many people aspire for the former but get caught up chasing the latter. Money is a tool you can use. But if you’re not careful,

Using the 50-30-20 rule to power your household budget

By |2024-01-05T09:46:55+00:00January 5th, 2024|Financial Planning, Lifestyle Financial Planning|

The 50-30-20 rule is a common way to allocate the spending categories in your personal or household budget. The rule targets 50% of your after-tax income toward necessities, 30% toward things you don’t need—but make life a little nicer—and the final 20% toward paying down debt and/or adding to your savings. The 50-30-20 rule isn’t

The hidden benefits of financial advice

By |2023-11-24T09:49:20+00:00November 24th, 2023|Financial Planning, Holistic Lifestyle Financial Planning|

Recent studies have suggested the benefits of financial planning go beyond simply having enough money. US research conducted by the Leeds School of Business in Colorado found people in the UK and the US who planned for their financial future were likely to live longer than those who did not. It also found people with

Revolut set to enter mortgage market for first time

By |2023-09-22T08:47:03+00:00September 22nd, 2023|Banking, Financial Planning, Mortgages|

Revolut is set to begin selling mortgages. The financial payments company says it is hiring staff with mortgage products in mind, although it has not put an exact timeline on its market entry. The company’s intention to enter the Irish mortgages market was first revealed by the Irish Independent 10 months ago. "We're focused on

ECB announces a 10th interest rate rise in move that piles pressure on borrowers

By |2023-09-15T09:02:25+00:00September 15th, 2023|Banking, Financial Planning|

Borrowers are being hit with a 10th interest rate rise by the European Central Bank in a move that is set to suck billions of euro out of household budgets. It had been hoped that after nine hikes in lending rates, the ECB would decide to pause hiking rates again this month. But fears that

How to Invest Through Retirement

By |2023-08-25T09:58:05+00:00August 25th, 2023|Financial Planning, Retirement Planning|

If you had a defined contribution (DC) or “pot of money” type pension prior to the introduction of Pension Freedoms in 2015, you generally had to use the money to buy an annuity paying a guaranteed income for life. That route provided security and peace of mind. However, annuities are inflexible, provide poor value (£100,000

Seven Ways to Combat Impulsive Spending

By |2023-08-25T09:57:37+00:00August 18th, 2023|Financial Planning, Holistic Lifestyle Financial Planning|

We’ve all self-prescribed a healthy dose of retail therapy. And there’s definitely been a time when we’ve dipped into our rainy day funds when there’s nothing but clear skies. But there’s a whole other side of spending we need to talk more about: FOMO spending. FOMO is nothing new in finance. We’ve seen it before

This is Why You Stay the Course

By |2023-06-16T11:32:18+00:00June 16th, 2023|Financial Planning, Investment Planning|

Last year was one of the worst years ever for financial markets. Call it recency or loss aversion or some other Daniel Kahneman bias but for some reason, our brains are hard-wired to assume big losses will be followed by additional losses (just like we assume big gains will be followed by additional gains).1 The thing about big

Financial Advisors or Life Coaches? Why Not Both?

By |2023-02-13T11:51:29+00:00February 3rd, 2023|Behavioural Economics, Financial Planning|

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. As financial planners, some of the most important conversations we have with clients are not about money – at least, not exactly. Oh, sure, we spend a lot of time in discussions with our clients about money and finances that

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