"I see my role if needed as a financial mentor but one who can show warmth, practicality and empathy."
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.