"I see my role if needed as a financial mentor but one who can show warmth, practicality and empathy."
-Katherine Hann
Wellbeing and Financial Advice
In conjunction with the Association of Financial Advisers (AFA) and TAL, The Beddoes Institute have recently released a white paper entitled Money, Wellbeing
and the Role of the Financial Advice.
Below are a few key findings:
- Thinking about money can have a negative impact on health and well-being, especially for people with low financial literacy and particularly for women.
- Improved financial literacy delivers benefits in terms of improved emotional, vocational and physical health (up 19% for women) and greater satisfaction
with life (up 16% for women) and better relationships (up 12% for both men and women).
- Following working with a financial adviser, women’s ability to manage their finances improves by 27% and men’s improves by 24%.
- Formal education has little impact on one’s ability to manage finances confirming that financial advisers are for everyone – not just those that are
more educated or better with their money.
- The benefits of working with a financial adviser in terms of improved confidence and ability to manage money and financial issues are substantial for
both men and women.
Financial advisers therefore play a significant role in contributing to the health and well-being of the Australian community.
Contact Katherine Hann today on 8299 9927 to organise an appointment.