Well, a rather more existential than the norm question for a financial services trade mag. Does money make you happy? Does more money make you happier? In our profession we may, I guess, be in a better position than many to judge although, over the years, we tend to meet more of those with than without. It’s also a judgment which is easier to make with the boring qualities of age and experience, so here’s my not so existential take on it. If you don’t have enough to do the basics, having more will of course make you happier. The next step up is, in my parlance, not having to worry or think about money, enough in the bank to go out or go on hols when you want and a back up invested (with us). Then there’s having loads, because you sold a company or inherited a pile. Many or most of those have itchy feet and worry more than those in group 1, I’d say. Nice problem to have? Maybe; but there’s a whole book to be written here.
“Majority of IFAs have no plans to use AI in their practices”
I remember sometime in the 90’s, attending a presentation by a successful adviser providing helpful hints to an audience of wannabes, young and old.
