In the early 1970s a distinct discipline called financial planning developed in the US. The imperative of advisors acting in a fiduciary capacity for consumers of financial services became a driver for developing a professional qualification known as the CERTIFIED FINANCIAL PLANNER® designation, also referred to as the CFP® designation. In 2004 the Financial Planning Standards … [Read more...] about Financial Planning is coming of age.
When I speak to firms the most frequent questions or areas they need help with is processes and procedures and how to document these. Process or procedure? A process is a high-level operation that spans the organisation. It consists of various functions and defines the step-by-step protocol or series of actions necessary to accomplish a specific task or … [Read more...] about The importance of processes and how to create a process map
The world is emerging from an unprecedented year that has in many ways altered our lives, changed our perspectives, and taught us several things. The pandemic has caused many Irish Expats to consider returning to Ireland to be closer to family. For those wild geese that are planning to return home we have covered some of the key areas for you to review. Evaluate your Cash … [Read more...] about Financial planning pointers for Irish expats returning to Ireland
Do not get me wrong, financial advisors provide a critical service. What they offer and how it is paid for results in limitations on who and how they can support them. This is borne out by a recent case in my own practice. A teacher in their early 40’s was involved in a serious car accident. The consequence was that they were unable to return to work. The great news was that … [Read more...] about The Limitations of a Financial Advisor
Let’s face it, we’ve all had the ‘what would you do if you won the lotto’ conversation! Tales of sunny islands, spectacular parties and substantial sharing of funds among friends and family normally spring to the top of that wistful and dreamy list! Not to compare winning the lotto with your retirement years but in that stage of your life, after 40 – 50 years of hard work, you … [Read more...] about 5 things to financially plan for at 50