Someone told me five years ago to stop going on about George Kinder’s approach to life planning and start doing it for clients. Great advice!
I’ve just got back from a client meeting and was really delighted with the progress a couple with a young family have made since they became clients just over two years ago.
In an interview with Morningstar India, Mr Kinder, a veteran financial adviser in the US and founder of the Kinder Institute of Life Planning, said that considering financial concerns of clients alone will not be sufficient to meet fiduciary tests imposed in a number of countries by law.
In Life Planning we learn communication skills. Some advisers think of it as a way to build their businesses by reaching new markets, or to strengthen their business by retaining the clients that they have. All true. But it’s really about individual freedom.
Life Planning begins by listening to oneself, getting to know oneself, whether we are a consumer, an adviser or a politician. It involves finding one’s authenticity, one’s dream of freedom and then living it.
George Kinder, the founder of Kinder Institute of Life Planning, was in Mumbai recently conducting a session on ‘Life Planning’. The session was attended by many financial planners and advisers who were interested in this approach towards money management. This is a more personalised extension of financial planning (read more about it here: http://mintne.ws/1FKtOBR). For clients, it’s about sharing and acknowledging values that drive their dreams rather than just enumerating financial goals. Read more.
Journal of Financial Planning
I was asked recently, “If you were a millennial today, and had your understanding of finance and financial planning, what would most concern you about your future?” Read more
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