With technology gaining more and more traction in the finance profession, we have seen a change in the way young people engage with money matters.
Financial planners need to be changing alongside this trend and adapting their services to fit the needs of their clients.
For us, this means a stronger focus on tools which help our clients manage their finances online. For instance, we have ‘fact find online’, an expenditure sheet with access to open banking, and a risk profile, which help clients to understand where their money comes and goes, risks involved in their approach to money, and learn key differences between financial terms.
If you are transferring wealth down to the next generation, these online tools may be a good starting point for getting your beneficiaries involved.