Page 47 - DIY Investor Magazine - Issue 26

WOULD THIS APPROACH HELP THEM WITH THEIR CAREER TRANSITION?
Yes. Having strategized and planned, players can work towards executing that plan whilst considering various qualifications and industries that would interest them for a career outside of professional sport.
It is important to emphasize that personal financial planning and career transition should not always be considered in isolation. They complement one another, and I see my role as a way of highlighting that.
HOW CAN FINANCIAL PLANNERS AND ADVISORS BE MORE EFFECTIVE IN THEIR CLIENT COMMUNICATIONS IN YOUR OPINION?
You often hear people say ‘only invest in things you understand’. Unless awareness is raised and time is taken to explain investment and planning decisions, we will continue to find ourselves disappointed with the perception of our industry.
It is our responsibility to be patient, concise and transparent in our communications. The level of technical knowledge required to work in finance is significant.
Continual professional development and regulatory requirements are quite rightly onerous.
Knowledge does need to be shared with clients, and needs to be used in the right context and at the right time. This approach will reassure clients that you have their best interests at heart.
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47 DIY Investor Magazine | Dec 2020