A method is used to develop and maintain values-based financial planning and to envision, structure, assess, enhance and activate it. The process is shaped by having to do an introspective examination on what is more important to you in terms of financial stability/success. It entails organising the factors in order of importance, analysing risks and effective functions, and lastly acting and reinforcing your plan. This process will help you create a long-term strategy to achieve any financial goal and develop a thriving financial life.
Kenny Meiring, a Certified Financial Planner™ at SFP, has shared with us the importance of integrating your values into your financial planning at SFP. He believes that doing the right thing speaks to values, as values act as a compass for checking whether you are doing the right thing. “A key value that I use is to always act in the best interest of the client. As a financial adviser, you are responsible for ensuring the financial wellness of your clients is achieved. By putting the client’s best interest at the centre of your approach as an adviser and taking time to understand the client’s needs, thoroughly exploring the different potential solutions, recommending the one that gives the client the best result, and ensuring the client understands the solution are key values that are important in values-based financial planning.
“By integrating your values and interests into the centre of your planning, you will be able to make the right decisions, learn a better way to approach any financial goal, and effectively enhance your financial life.”
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