Life coaching and advice could become one and the same, according to an expert.
As advisers move further away from the product and towards helping their clients achieve a great life, certified financial planner and the founder of the Savings Squad Podcast and My Money Buddy, Adele Martin, believes life coaching and advice could shortly become one.
“I think that life coaching and advice will intertwine into one,” Ms Martin said on a recent episode of the ifa podcast.
“Money and life coaching, I feel that they are very intertwined, and I think that will continue to be a theme, maybe not for next year, but in coming years.”
Rather than looking at this as another hurdle, Ms Martin suggested advisers approach it as an opportunity.
“I’ve done some life coaching training just because I’m interested in it and it’s skills that you can use, definitely with clients and I’ve used [it] a lot of times, but also just in life in general,” she said.
Looking back over the past year, which has presented many with challenges both personal and professional, Ms Martin emphasised the important role advisers have played.
“I think we are very lucky as advisors,” Ms Martin said.
“I think we’ve got a special role to play as advisers and I think we’ve got to see that in the pandemic where we got to take away people’s financial stress.”
To hear more from Ms Martin tune in here.
Following the release of the estimated CSLR levy, the FAAA has called for the government to “urgently” address the ...
More than 4,500 SMSF trustees who were provided administration services and financial advice from Dixon Advisory have ...
The advice association says it supports legislative reform to ease stress on small businesses while maintaining the need ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin