How human-first financial planning enhances a happier, more meaningful life
Chris Broome – Chartered Financial Planner
In the realm of personal finance, numbers often take center stage. But at Longhurst, we believe that true financial planning goes beyond spreadsheets and bank statements.
A human-first approach to financial planning prioritises your well-being, peace of mind, and life goals, paving the way to a happier and more meaningful life.
The power of open and honest conversations
At the heart of human-first financial planning are open and honest conversations. These dialogues are more than just financial check-ins; they are opportunities to understand your aspirations, fears, and dreams.
When clients at Longhurst share their stories, we listen deeply. This process fosters trust, which is foundational to a successful financial planning relationship.
Research from the University of Southern California highlights that trust in financial advisers is crucial for effective financial planning. Clients who trust their advisers are more likely to follow their advice, leading to better financial outcomes and increased satisfaction.
Money and wellness: The connection
The relationship between money and wellness is well-documented. Financial stress can have severe implications on physical and mental health.
According to a study by the American Psychological Association, 72% of adults reported feeling stressed about money at least some of the time, with financial stress linked to increased anxiety, depression, and physical health issues.
By adopting a human-first approach, Longhurst aims to alleviate financial stress. Our planners don’t just focus on wealth accumulation; they emphasise financial wellness.
This means creating strategies that not only grow your wealth but also enhance your quality of life. When financial stress is reduced, overall wellness improves, leading to a happier life.
Peace of mind through trust
Trust is the bedrock of our approach at Longhurst. When clients trust their financial planner, they gain peace of mind. This trust is built through transparency, regular communication, and a genuine commitment to clients’ best interests.
A study by Vanguard found that clients who work with trusted advisors experience higher levels of financial satisfaction and confidence. This peace of mind extends beyond finances, positively impacting other areas of life.
With a trusted adviser like Longhurst, clients can focus on what truly matters to them, whether it’s spending time with family, pursuing hobbies, or traveling the world.
Mindfulness and financial planning
Mindfulness, the practice of being present and fully engaged in the moment, has profound benefits for mental health and well-being. Integrating mindfulness into financial planning can lead to better decision-making and reduced stress.
At Longhurst, we encourage clients to approach their finances mindfully. This involves understanding your financial behaviours, recognising emotional triggers, and making deliberate, thoughtful decisions.
A mindful approach to money helps clients stay aligned with their values and long-term goals, fostering a sense of fulfillment and purpose.
Research and data: The impact
Numerous studies underscore the importance of a holistic, human-first approach to financial planning:
1. Fidelity Investments
Fidelity Investments found that 77% of people who work with a financial adviser feel financially secure, compared to just 53% of those who don’t.
2. Harvard Business Review
Harvard Business Review reports that people who focus on their long-term goals are more likely to feel financially satisfied and less stressed about money.
3. The Financial Planning Association
The Financial Planning Association highlights that clients who engage in comprehensive financial planning report higher levels of happiness and life satisfaction.
These findings align with Longhurst’s mission to provide comprehensive, client-centred financial planning. By focusing on the individual, rather than just the numbers, we help our clients lead more fulfilling lives.
Longhurst: Your partner in financial wellness
At Longhurst, we believe that financial planning should be a journey toward a better life, not just a means to an end. Our human-first approach ensures that your financial plan is as unique as you are, tailored to your personal goals and aspirations.
We understand that money is a tool to help you live the life you desire. Through open and honest conversations, we build lasting relationships based on trust and mutual respect.
This approach not only helps you achieve your financial goals but also enhances your overall well-being.
Conclusion
Incorporating a human-first approach to financial planning transforms it into a powerful tool for living a happier, more meaningful life.
By fostering open conversations, building trust, and integrating mindfulness, Longhurst helps clients achieve financial wellness and peace of mind.
We invite you to experience the difference that a human-first financial planner can make in your life.
Let’s journey together towards a future filled with happiness, purpose, and financial freedom.
Next steps
If you have any questions about any of the above, or wish to discuss your long-term financial plans with us, please get in touch. Contact us
