According to a survey by Manulife, the vast majority of respondents (92%) said they are willing to spend more to prolong their health span. Investing in exercise and healthier diet are the main ways people seek to improve their health. Furthermore, with mental health issues on the rise, mindfulness activities, such as yoga and brain training, are also popular ways of self-help.
The Financial Services Authority (OJK) is seeking to improve financial literacy and inclusion by issuing an amended regulation for consumers and the public.
AI chatbot, ChatGPT, is creating sensations and breaking barriers in different industries, and even giving financial advice to people. But can it really replace human financial advisors?
Someone in poor health or with medical problems should have an entirely different plan from a person who is healthy, said certified financial planner Carolyn McClanahan.
Financial planning, money management, and investments have traditionally been male-dominated and male-oriented. Even with women excelling in all fields of life and becoming increasingly independent, their financial planning still takes a backseat.
Life insurance is a wealth protection tool that many people use for financial planning, but it is particularly important for business owners. Mr Martin A Scott, Founder and Financial Planner of Lasting Wealth Principles, says the type and amount of life insurance depends on the business owner's specific financial situation and goals, but having it is important for three reasons.
In an environment of inflation, a possible recession, uncertainties in the economic and political spheres, people are looking for expert advice. Mr Tim Gerend, Chief Distribution Officer and EVP at Northwestern Mutual, says this is an ideal moment for financial advisers to make a game plan for accelerating or potentially transforming your careers.
People are storytellers, not calculators. While numbers confound us, stories define us. And yet, this fundamental observation about human nature is largely missed by the wealth management industry, to the detriment of both client and advisor.
The Financial Markets Authority (FMA) has released new guidelines for advisers when financial advice is given on financial products purchased for investment purposes.
Financial advice has traditionally focused on objective financial well-being. However, a new study by AIA Australia has shown that a client's subjective financial well-being is the missing piece of the well-being puzzle.
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