Chris Budd: Financial wellbeing distractions

Financial wellbeing is all about how you can help clients to use their wealth to live a life of meaning and purpose. The Initiative for Financial Wellbeing (IFW) uses the following five pillars for the definition of financial wellbeing: A clear path to identifiable objectives Clarity and security for those that we leave behind Being able to cope with financial shocks Having financial options Control of daily finances The way that we gain wellbeing from wealth is a complex topic and has been the subject of extensive study and research. As well as ways that advisers can...