Goals-based advice is a financial planning methodology that allows clients to save for multiple financial objectives across various funding sources and time horizons. It helps to keep clients focused on working toward their achievable goals which you've set for them, above chasing returns and being less reactive to market volatility.
Our goals-based advice white paper will take you on an in-depth examination.
Advice begins with a client's future dreams & life aspirations. An adviser's role is to distill these dreams into goals, and goals into a plan.
The value of advice is shifting - from products to consumer goals, why? Consumers want it, advisers want it and regulators want it.
The goals-based advice methodology is made up of 3 parts: goals discovery, goals modelling and goals-based investing.