To ensure clients with children have enough to meet the costs of the child you need to encourage them to start saving early to allow time for the money to accumulate and grow
Having children is one of the biggest commitments people make during their lives. It isn't just energy, time and emotion that you invest in a child as it grows up though, a serious amount of money is needed as well. Take education for example. Private schooling may be out of reach for many, but even so, it makes sense to put aside some money to make sure a child can enjoy a university education. After all, these days most students are expected to contribute something if they want to continue into further education and nobody wants a bright and capable child to miss out on university life....
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes