Marking his two years as a Professional Adviser column, Chris Budd looks at how financial advisers can help clients make better financial decisions by avoiding comparisons
A discussion at a recent Initiative for Financial Wellbeing (IFW) roundtable event provided a great example of the benefits for advisers in understanding some of the principles of the relationship between money and happiness. Financial wellbeing has a key part to play in the ongoing development of financial planning. It provides insight into how client's approach to money affects their happiness, and Neil Bage's brilliant introduction to the topic of social comparison at that member's session gave real insight to what takes place in the meeting room. Teddy Roosevelt once said that com...
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