Most financial advisers focus on the numbers - budgeting, investments, taxes, or insurance - without exploring the broader context. However, before asking traditional financial planning questions about desired property type and the kids' education, a life planner will aim to encourage investors to undertake a thoughtful inquiry into their deepest and most enduring values and objectives.
The movement started in America, but is gaining traction among UK-based financial advisers. Critics say it sounds like a cult or is too American for the British investor's sensibility. But others are evangelical. So hold your scepticism at bay for the moment.