The Big Think
Achieving financial resilience
The multi-manager advantage
Explore how individuals , regardless of their financial provider , benefit from the empowerment provided by Global Financial Planning Standards . Gain valuable insights into the shift toward a holistic , coachingoriented approach in modern financial planning through the perspective of Raziq Christians , Executive : Retail Distribution at PPS .
The ongoing professionalisation of the financial services industry represents a significant step forward for individuals worldwide . At its core , this evolution is guided by the Global Financial Planning Standards , which set the stage for best practices in financial planning . Understanding these principles can empower individuals to make informed financial decisions .
Historically , financial planning has often relied on the expertise of financial professionals who guided clients toward their goals . However , the new standards emphasise a different approach — one that centres on emotional intelligence , self-awareness and the empowerment of clients to take charge of their financial destinies . Instead of being all-knowing guides , financial planners are becoming supportive coaches , helping clients navigate the intricacies of their financial futures .
While these standards cover a wide array of topics , their central focus is not on pushing products or chasing past investment performances . Instead , they underscore the importance of prioritising the client ’ s interests above all else . Financial planners are now entrusted with the crucial responsibility of assisting clients in defining and adhering to their financial goals . Although expertise and ethical advice in investments remain essential , the standards highlight the significance of diversification and appropriate risk profiling over flashy fund selection or market-timing skills .
In this era where financial decisions have far-reaching consequences , the question arises : how can clients ensure that their financial
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