Money matters: Why family finances remain taboo

'Courageous conversations do lead to the best outcomes'

clock • 3 min read

This Financial Planning week Chartered financial planner Ben Rogers discusses the methods he uses at Equilibrium Financial Planning to facilitate courageous conversations between clients and their families and why it is important to break down barriers around talking about money…

Research shows that a staggering 81% of people still avoid discussing their finances and 21% have never spoken about money with a friend or family member. While we might assume that financial planning clients are much more accustomed to talking on the topic, when it comes to broaching the subject with family members, it can be much more challenging. Enabling clients to look after those they love and have the biggest impact now and, in the future, requires open and honest conversations. Even as someone whose career is based on talking to people about money, I recognise how difficult th...

To continue reading this article...

Join Professional Adviser for free

  • 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

Kingswood PE backer considers acquiring business to merge with another wealth firm

Kingswood PE backer considers acquiring business to merge with another wealth firm

Says company’s growth has not been as strong as expected

Isabel Baxter
clock 18 March 2025 • 3 min read
Fintel reports 22% revenue growth amid acquisition-led expansion

Fintel reports 22% revenue growth amid acquisition-led expansion

£68.9m revenue boost was driven by four acquisitions and increased investment in proprietary technology

Sahar Nazir
clock 18 March 2025 • 2 min read
I'll see you in court? Divorcing couples have other options

I'll see you in court? Divorcing couples have other options

Advisers should be aware of non-court dispute resolution options

Alistair Myles
clock 17 March 2025 • 4 min read