Henson Crisp joins the Initiative for Financial Wellbeing (IFW) as a founding member.
Henson Crisp is proud to announce partnering the Initiative for Financial Wellbeing (IFW), brainchild of author and financial adviser Chris Budd.
The purpose of the IFW is to support financial advisers, planners and coaches to help guide their clients to become happier financially, as well as wealthier.
The five key principles of the IFW are:
- To explore and promote the relationship between money and wellbeing
- To provide a meeting point for the sharing of ideas
- To influence institutions that deal with customers on a mass scale
- To provide a resource for the financial services community to help those who cannot afford to pay for it
- To influence financial education to focus on wellbeing
What is the IFW’s definition of financial wellbeing?
The IFW defines financial wellbeing as; ‘how money can be used to increase our happiness’. It requires members to offer clients guidance and thoughts around establishing their understanding of money, in such a way that it is likely to lead to happiness and not just wealth.
Money and mental health, the link
There is a clear link in society between money and mental wellbeing. The IFW will be supporting research into exploring this link with the aim of helping to foster awareness of issues, whilst designing solutions to support those qualified to help clients navigate to personally better financial resolutions.
Jonathon Crisp of Henson Crisp: “Becoming a founding member of the IFW is vitally important to both myself and the team at Henson Crisp. We offer our clients financial guidance, products and solutions geared to support their circumstances, desired outcomes and entire financial life journey. The IFW key principles resound with our client approach and we look forward to playing an important role in assisting the IFW develop further over the coming years, helping to shape the agenda.”