Financial planning is no longer just about ensuring clients have enough money to live well. It’s about helping them live better, more intentionally, and with a clearer understanding of how health, wealth, and time intersect.
Discussing health issues is nothing new for a financial planner. We review and identify protection needs with clients, discuss long term care planning, and we cover longevity issues when it comes to exploring retirement planning and pension options. What we as a business are seeking to do, is to further extend this conversation.
In the same way that our discussions about philanthropy are reshaping client thinking about wealth, financial planning is also moving far beyond traditional number crunching, cash flows and longevity calculations to embrace a more holistic approach to client wellbeing.
We are engaging in deeper client conversations about longevity, lifestyle, and personal wellbeing, exploring factors like diet, sleep, and exercise, to create a more nuanced understanding of a client’s financial and life journey. This enables us to create a comprehensive strategy that supports financial security and quality of life.
“Nothing has a greater effect on your ability to enjoy experiences – at any age – than your health.”
Die with Zero: Getting All You Can from Your Money and Your Life, Bill Perkins
We recognise that money is ultimately a tool for living. But, at the heart of this more expansive coaching approach, is the recognition that financial planning must address more than monetary concerns. Clients value our conversations about health, wealth and time, and we love to surprise them in ways that support this.
Encouraging sometimes difficult discussions about health helps clients think deeply about their future. As our coaching model develops, it promises a more meaningful, personalised approach to managing wealth – one that recognises that life’s true richness extends far beyond financial considerations.
Our top three reads for better health
- Why we sleep: the new science of sleep and dreams – Matthew Walker
- Food for life: your guide to the new science of eating well – Tim Spector
- Outlive: the science and art of longevity – Dr Peter Attia
This article featured in our 2024 Impact Report, you can download a copy here.