The IFW is dedicated to helping advisers to help their clients to be happier, not just wealthier.

We provide a place where members can share ideas. We put on events where members can learn about financial wellbeing research and theory.

Now, we are helping advisers to implement financial wellbeing knowledge into their advice businesses.

The Financial Wellbeing Certificate has been constructed by Chris Budd, with expert contributions from Neil Bage, Jan Bowen-Nielsen, Simonne Gnessen, Kim Bendall, Catherine Morgan and Phil Bray.

The course is split into six 90-minute to 2-hour virtual workshops spread over 11 weeks, with online resources, home study and activities between sessions. It is expected to provide a total of 18 hours of study.

The course looks at a range of issues in helping clients to achieve financial wellbeing including:

1. 1. The benefits of financial wellbeing to your clients and your practice
   2. A range of financial wellbeing and happiness theories – and their application to financial advice
   3. The importance of “Know Thyself” to help clients with their financial wellbeing
   4. How to coach clients to uncover their achievable intrinsic motivations
   5. How to help clients deal with the biases that gets in the way of their financial wellbeing
   6. Ten ways to help improve clients’ long-term financial wellbeing
   7. How to apply and integrate financial wellbeing into your practice

As well as how to apply the theory with clients face-to-face, the certificate provides guidance on applying financial wellbeing principles into a practice, and is therefore suitable for advisers, paraplanners, and practice managers.

The programme is delivered in cohorts of 12 people, in order to maximise learning opportunities. The cost per participant is £1,150 + VAT for IFW members and £1250 + VAT for non-IFW members and bookings will be made directly through ourselves here at the IFW.

Non-members receive 30% off the cost of their first year of membership with the IFW and all participants will receive a complimentary copy of the “Financial Wellbeing Book” written by Chris Budd.

Cohorts sell out regularly so if this is of interest we recommend booking early.

Cohort 12 will begin on 6th February 2024. Book your space here.

Online workshops take place on the following days from 9.30am to 11.30am,

• 6th and 20th February
• 5th and 20th March
• 2nd and 17th April

For more information and to sign-up please click on the booking link.

More cohorts will be announced for future dates. If these dates above don’t suit you please register your interest for future programme dates here.

This course is CPD-accredited by the IFW.

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For adviser firms who wish to use IFW content for their own delivery and to display the IFW logo, we assess whether a firm is practicing financial wellbeing principles by asking you to assess the various aspects of the business against accepted research on the topics of money and happiness and provide evidence where requested.

The assessment looks at three areas of the business:

Part 1: The Service Proposition

Part 2: Training and competence

Part 3: Employee Wellbeing

We will respond when we have assessed your submission. Assuming a pass, we will then provide the IFW logo for you to use on your website

We request that firms wishing to become Accredited Practice Members and Corporate Members must complete and pass the Audit.

The cost of the Audit is £600.00 plus vat for submission and annual renewal with a resubmission fee of £300.00 plus vat.  It is a prerequisite that at least 50% of the regulated advisers and paraplanners within the firm that successfully completes the IFW Audit will become members of the IFW before the award is granted.

For further details of the Audit Review process, please enquire now.

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This popular one-day intensive masterclass, will show how you can use powerful interpersonal skills and techniques used by professional coaches to improve your clients’ understanding and your understanding of their goals and motivation, connect with your clients on a deeper rational and emotional level and build strong rapport and trusted relationships.

The course is delivered as virtual courses with one in-person event in London planned for 2023.

The course is accredited by The Institute for Financial Wellbeing.

There is also a 10% discount available to all IFW members. Please use discount code “IFWCSFPten” at check-out.

Upcoming dates:

Virtual:  10^th October 2023

London: 13^th November 2023

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This interactive half-day workshop with IFW member Dennis Harhalakis will give you a unique understanding into how your clients think and behave around money.

IFW members are eligible for an exclusive £15 discount. Use the offer code in your IFW community site or contact members@ifw.org.uk

Using Money Coaching techniques and insights, you will learn:

• How money patterns and beliefs originate
• What drives client money behaviour
• Strategies for identifying and working with different types of clients
• Understanding client money blocks
• How to have open money conversations with clients
• How to build long-term trust and connection around money
• How to recognise and manage your own biases
• Insights for working with clients at each stage of the planning process
• How to support clients in transition

The course equates to three-hours of CPD.

Full List of Training Options.

An opportunity for people who are interested in establishing their own financial coaching practice, or add financial coaching skills to their existing practice.

Training and support offered by the UK’s market leader in financial coaching.

Interested in helping clients kickstart a whole new approach to their finances?

✔ A proven approach to help clients take better control of their finances

✔ Communication skills to deliver powerful results

✔ Coaching skills applied to money-related issues

✔ Ways to help clients manage money and debt

✔ Skills and tools to help clients improve their relationship with money

✔ Strategies for facilitating behaviour change

Training Objectives

By the end of the training, you will have had the opportunity to:

• Develop and practise high quality coaching and mentoring skills
• Practise using the Wise Monkey Financial Coaching model
• Understand and explore the boundaries of generic financial advice
• Learn and practise different coaching tools and models
• Experience working through real-life case studies
• Receive coaching to help perfect your style and delivery
• Acquire a range of money management, debt tools and processes
• Understand and practise strategies for facilitating behaviour change
• Explore how to help clients address their emotional relationship with money
• Acquire a comprehensive toolkit of resources
• Practise applying your knowledge, skills, tools & resources

The programme is accredited by The Institute for Financial Wellbeing.  IFW members will receive 5% discount.

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The Protection Insurance in Practice course with Kathryn Knowles is a set 13 hours that covers compliance, sales techniques, communications, product knowledge, client recommendations, vulnerable client support and underwriting insights, plus much more! Kathryn takes you through the basics of protection insurance and builds upon this to teach you about the quirks of these policies, within the personal, business and group space.

Outcomes:

You will walk away from this course with a better understanding of protection insurance and how it is an essential part of someone’s financial planning. You will be able to spot opportunities to recommend protection insurance, understand how to frame your advice to your client’s personality and truly explain how this type of insurance can ensure that they and their loved ones do not face financial difficulties, should the worst happen.

This course is CPD-accredited by The Institute for Financial Wellbeing.

For upcoming dates, please visit adviceforadvisers.co.uk

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The Hymans Robertson Financial Coaching Programme combines financial knowledge and coaching principles. It ensures our Financial Coaches can enable our clients to reach their financial goals in a way that makes them feel empowered. The programme focusses on both practical and emotional understanding.

The four modules cover a range of topics to support clients, including understanding different money beliefs, how our emotions can affect financial decisions, understanding behavioural buying patterns, a range of coaching models and the importance of building a trusting relationship. The programme is delivered by an experienced and qualified coach. Our approach was interactive with a range of learning techniques including videos, role playing, understanding personality profiling (Insights Discovery), podcasts, group discussions and reflective assignments to ensure effective practical application. We continue to sustain the high quality of Financial Coaching we provide by seeking client feedback and having regular reflective sessions.

The programme is accredited by The Institute for Financial Wellbeing.  This is currently an internal programme only available to Hymans Robertson employees only.

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This research was commissioned by Aegon to explore whether Nudges can be used for improving Financial Wellbeing.

Read both the full White Paper and/or the Synopsis for more information.

Overview

This research was commissioned by Aegon; the report looks at what clients feel to be the most important competencies of financial advisers.

These contrast significantly with not only how many financial advisers actually deliver financial advice, but also how financial advisers are trained.

Read the full synopsis here.