To share is to enjoy

Posted by siteadmin on Friday 14th November 2014.

It’s been a really busy start to the month.  Along with running Essentially Financial and juggling family commitments, I’m still squeezing in consultancy work and volunteering.

I’m writing this blog today just before I head off to give a talk to staff from the Chartered Insurance Institute (CII).

The topic of my presentation is based around the question - What is Financial Planning?

When you ask people as to whether they know what a Financial Adviser does, the answer tends to be yes.   When you pose the same question about financial planning, the answer is often no.

Simply, financial planning is the core and foundation of the process by understanding what people really want.  The 'advice' follows being the implementation.

The opportunity to work with the CII came about through my volunteering with a project called Discover Fortunes, which is organised through the Personal Finance Society.

In essence, Discover Fortunes is a board game that we take into schools to work with 16-18 year-olds.  It’s a fun, informal way of giving students a taste of what financial planning is about and encouraging them to think about becoming the industry’s next generation.

During the visits we give fictional scenarios of people in need of financial planning and it’s up to the students to come up with solutions, plans and ideas.

It’s a very worthwhile project.

I’m also involved with the Bright Ideas Trust, an organisation founded by Tim Campbell MBE.  You may recall that Tim was the first winner of the TV show The Apprentice and I can say that without a shadow of doubt, he is an absolute gentleman.

In the main, the trust provides mentorship for young people who are looking to start their own business and support them with guidance thereafter.

I’ve always been committed to helping young people as that’s where all of our future lies.