Chris Budd: Why I believe financial planners are 'doing it wrong'

IFW founder speaks at the PFS Festival of Financial Planning            

Jenna Brown
clock • 2 min read

Financial planning as we currently understand it is at best not enough and at worst making things worse, according to Chris Budd.

Speaking at the Personal Finance Society's Festival of Financial Planning 2022, the Institute for Financial Wellbeing (IFW) founder said: "I think we are doing it wrong." Budd, who announced his exit as IFW chair last month, explained financial wellbeing should be the top priority for advisers when dealing with clients. He explained "active listening" was a skill all advisers needed to learn, something he added was "harder than you think". "Financial wellbeing is not a marketing tool. It is not a fad, it is here to stay." Budd urged advisers at the conference to talk to clients ...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Working Lunches: Check out our event agenda for 2023

PA Working Lunches: Check out our event agenda for 2023

Join us for a variety of informative sessions worth one hour of CPD

Professional Adviser
clock 08 February 2023 • 1 min read
PE-backed Solomon takes majority stake in Kent-based IFA

PE-backed Solomon takes majority stake in Kent-based IFA

Signs partnership deal with Beaufort Financial Westerham

Jenna Brown
clock 07 February 2023 • 1 min read
PA Awards 2023: Provider category shortlists revealed!

PA Awards 2023: Provider category shortlists revealed!

The industry’s best in technology, risk-profiling, client engagement and more

Professional Adviser
clock 06 February 2023 • 2 min read