Monthly Archives: March 2015

The Value Of Advice – Part 1

As some of you may already know, I have committed to completing a masters degree in Financial Planning and Business Management with Manchester Metropolitan University this year. Given that it has been several years since my last true academic endeavors (numerous professional qualifications aside), I have been pleasantly surprised by how much I am enjoying the process.

Having viewed the financial planning world through the lens of an adviser on the ‘front line’ it has amazed me how much academic research is going on behind the scenes in the financial planning profession.

What is amazing about this research is that is it completely independent and unbiased and in may cases, is reviewed by academic peers to ensure its quality.

I have chosen to base my masters dissertation on the value of the intangible benefits of taking financial advice, which clients often inform me are far more valuable than the significant financial gains made as a result of our advice process. I will be trying to establish exactly what intangible benefits of the advice process that clients value and then to determine what monetary value might be placed on those benefits.

All of this is quite an undertaking, however I am looking forward to conducting my research with access to a whole new world of academic information.

I am sure I will have some further updates for you as my dissertation progresses throughout the year, but for now – I’m off to hit the books!