Key Differences Between Private Wealth Coaching & Financial Advice.
It is crucial to understand that there are important differences between Wealth Coaching and Financial advice.
Financial advisers provide financial advice - they are regulated by the Financial Conduct Authority (FCA) and are bound by its rules. Their role is often about selecting financial products that match their clients’ needs.
Private Wealth coaching takes a more holistic approach. We look at the wider picture of your current life, help you establish a wealth plan and help you identify opportunities to grow your wealth, using the existing skills, knowledge, experience, resources and networks that you already have.
"Since working with Tanner and with access to his great resources, I have taken on 3 new projects within 4 weeks, equating to an extra £3,500 worth of income!
Luke Jellicoe, Private Coaching Client
PRIVATE COACHING IDENTIFIES THE GAPS
Private wealth coaching helps in identifying gaps in your current knowledge, and provides a supporting role in understanding the implications of the daily decisions you face.
Unlike financial advisers we never recommend any specific financial products such as pensions, investments, insurances or mortgages. Nor do we ever suggest that you vary, alter or discard an existing product.
We do, however, guide you through the many options available to obtain financial freedom, retire early, and maximise the strategic opportunities you have available.
Our service is not regulated by the FCA. If you need regulated financial advice, we can help you understand the different types of financial advice available, including any free advice agencies, and direct you to websites and service providers within our network who can help.
Many clients use private wealth coaching as an alternative to financial advice, understanding that holistic guidance is provided, not advice. Following our initial strategy session we will be able to decide whether a financial adviser would be better suited to your needs.
Summary of Key Differences between Wealth Coaching & Financial Advice
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Darren & Amanda Hogg, Private Coaching Clients
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