Financial Coach

Grosvenor Consultancy are delighted to be able to offer a financial coaching service. Financial coaching can help bridge the gap between knowing what to do and doing it.

With a wealth of knowledge and experience, Grosvenor Consultancy’s Advisers create bespoke financial plans. However, sometimes the problem for a client lies in the actual implementation of their financial plan, and in recognising what is preventing them from doing so.

Charlotte Owen is a trained Financial Coach and is really excited about the added value financial coaching offers. Charlotte explains a bit more about the service she offers below.

What is financial coaching?

Financial coaching is an interactive learning experience, uniquely tailored to the client’s needs. The coach will use a range of tools to act on the information and beliefs uncovered during the sessions to produce client specific results.

Why did I train to become a Financial Coach?

I decided to train as a Financial Coach to help clients identify and overcome the obstacles preventing them from following a financial plan and to give more depth and meaning to financial advice.

As a Financial Adviser, getting to really know my clients is paramount to the service I deliver. Whilst Financial Coaching may not appeal to everyone, for those who do wish to transform their relationship with money, feel better about their own financial situation and be able to act on and implement financial advice, the results can be life changing.

Money has a huge impact on our lives and can be a major contributor to stress. I believe that financial wellbeing greatly improves the quality of our lives.

Whilst financial advice is invaluable in providing a solution to meet identified needs, there may be reasons why you may be reluctant to engage with the advice. These reasons could include, but are not limited to:

  • Low motivation – maybe you are finding it hard to fully appreciate the value in what your Financial Adviser is recommending, or maybe you lack motivation because you feel there is no immediate benefit, or reward.
  • Other priorities – perhaps deep down you know that the earlier you start to save for retirement the better, but right now you feel other commitments take priority. Simply put, immediate needs and wants taking priority over longer term security.
  • Lack of confidence – maybe you want to take the first steps in a financial plan but a lack of confidence is preventing you. Perhaps you’ve always felt a lack of confidence around money or are nervous about investment losses.
  • Differences between you and your partner – for some couples, it may be that only one partner is committed to following the financial plan.
  • Inconsistent goals – wavering between having a clear picture of where you want to be financially in say 10 years’ time, and then losing this commitment, struggling to clearly identify what it is you want from your money.

I strongly believe that better value can come from the financial advice given to you as a client, if you have gone through financial coaching to:

  • Uncover your beliefs around money,
  • Identify any limiting beliefs or obstacles in your way of following a financial plan
  • Work on your values in life and how these align to your actions with money
  • Clearly identify your goals

What’s the first step?

Initially, I will have a discovery call with you to talk about your personal circumstances and discuss what you’d like to get out of financial coaching and how I can help you.

Following that, if we agree to work together, towards meeting your goals and overcoming any obstacles, I will create a bespoke coaching programme tailored to your needs.

What can you expect?

I will offer an initial block of sessions to meet your needs. A fee will be agreed for those sessions, which can either be paid in full or in instalments.

Sessions will typically be held once a week and last for 45 minutes. We can meet in person, or I can offer a virtual meeting.

Financial coaching is not a quick-fix and I will not present a ‘solution’ in the first meeting. It takes time to explore your thoughts and emotions attached to money, to develop your understanding of how your emotions impact on your actions, and to create a suitable strategy for overcoming any obstacles in implementing a financial plan.

After the initial sessions, we may decide that a regular coaching session would be beneficial, maybe once a month, or even just once a year as part of an annual review, to ensure you are staying on track and to discuss any issues which may have been encountered.

How could financial coaching benefit you?

Although the outcome will vary from client to client, because each coaching programme will be tailored to the individual’s bespoke needs and objectives, the results you can expect to see from being coached include:

  • An increased awareness of your behaviour around money and how your actions are affected by your emotional relationship with money.
  • An understanding of what small steps you can take to make improvements to your money habits.
  • An increased confidence in implementing and sticking to a financial plan.
  • Feeling more at ease, in general, with your financial decisions.
  • Having clearly established goals.

What to do if you’d like more information

To identify whether financial coaching could be of benefit, please contact Charlotte at c.owen@grosvenorconsultancy.co.uk, call 01793 433965 or complete the following: