This important article by Tim Maurer about the pitfalls of conventional financial planning and what to do about it is well worth reading.

In summary, Maurer believes too much emphasis is placed on the ‘what’ and the ‘how’ of financial planning through the quantitative analysis of a client’s financial framework, when planners should first be considering the ‘why’ of a client’s life through less structured (and more difficult) qualitative analysis. After my own heart, and watch this space for my forthcoming webinars and courses doing just that.

(if its easier, read my ad-free, text only version of the article on Evernote).