US-based adviser Michael Kitces explains why financial planners must become consumers of the profession they practice if they want to be taken seriously.
As financial planning fights for its standing as a fully fledged profession, we try to demonstrate its core value to society - that going through the financial planning process has a positive impact on achieving a client's goals. Yet for all we proclaim about our beliefs in the value of financial planning, why is it that virtually none of us think financial planning is valuable enough to pay for it ourselves? The inspiration for this blog comes from a surprising announcement that came across my Twitter feed recently from financial planner Rick Kahler, which said in part: "Cancelled my...
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