The Client-centred Blog

Better time management for financial advisers and planners

Who is in control – you or your device?

As a financial planner are you as productive as you would like to be?

Would you like to get more done, in less time, and with none of the stress?

In this article I am going to explore the hidden factor that leads to genuinely better time management for financial advisers and planners.

What is it that stops people being as productive as they would like to be?

You would imagine that in this wonderful age of information, gadgetry, and technology we would all be exceptionally productive and just as importantly, happy and satisfied with our lives.

Yet how true is this?

For example, think of how many people use technology. Instead of a tool we consciously use to make our lives better we end up becoming slaves to our gadgets.

A survey (by Android app, Locket) revealed that the average user checks their phone 110 times per day and 25% of users actively use their handsets between 3am and 5am each day!

Do you experience continuous partial attention?

Business consultant Linda Stone coined the term, ‘Continuous partial attention’. She noticed that many people have developed a habit of continuously dividing their attention among multiple things.

She was not referring to ‘multi-tasking’ in a positive way but rather operating from a fear driven state of not wanting to miss out on anything.

This kind of state stifles reflection, contemplation, decision making, productivity, and negatively affects relationships. And aren’t these all key factors in both how wisely you use your time and your quality of life?

Where does better time management really come from?

Whilst the business world abounds with lots of tools, tips, and ideas on productivity, these mostly tell you what to do or how to think.

If you are in a clear state of mind this kind of advice can, at times, be helpful.

Yet I have found most productivity challenges, including my own, were not solved in this way because at the root of the problem is an over-burdened state of mind.  

Author Timothy Gallwey (in the ‘The Inner game of work’) shared a formula in relation to realising your full potential, which is as follows:

Performance = Potential – Interference

This points out that your performance and, therefore, your results will always be defined by your pure potential, minus interference.

Interference is always coming from your thought in the moment rather than from your external circumstances. So, includes over-thinking, frustration, worry, tension, and impatience.

A game-changing approach to better time management

Can you imagine how useful it would be to significantly reduce interference and operate from a state of complete presence with what you are doing?

When your mind is clear better time management comes naturally to you. You are more responsive, resourceful, intelligent, can see the bigger picture, solve problems quicker and easier, and feel good too.

I realise a question you might now be asking is, “Ok, so how do I get rid of interference?”

The conventional approach, just as with better time management, prescribes that you manage your mind and offers a plethora of techniques.

Yet managing the mind in this way is not a realistic proposition. You have about as much chance of managing your thoughts as you do of controlling the weather. If it really were possible to manage your mind using a technique, then nobody would suffer ever again. And we know this is not true.

What holds infinite potential is realising the nature of the mind. Simply put:

1. Your mind only works one way – from inside to out

2. Your mind has an in-built design for success

The more you realise these two facts the more clarity, productivity, and less stress you will experience.

Better time management for financial advisers and planners

I will finish with a paragraph from Michael Neill’s book, ‘The inside-out revolution’:

When we take the pressure off ourselves to produce results at any cost, and instead rest in our innate well-being, enjoying our life, following our wisdom, and looking within for a deeper understanding of how it all works, things often seem to unfold more beautifully than we could ever have imagined. We start to notice all sorts of synchronicities and serendipities, and outcomes that may have eluded us for years begin to happen seemingly ‘all by themselves’.

P.S. Do you want more help? You can read my blog post, ‘Can coaching for financial planners really help your career?’ by clicking here. Contact me at john@clientcentredadvisers.com if you would like to speak.

Facebook
Twitter
LinkedIn

Leave a Comment

Related articles

How to deal with imposter syndrome
Do you ever feel like an imposter in your role, that you will get 'found out', or do not deserve your success? If so, you are far from alone as this is extremely common amongst business people.
Do you ever get in your own way? Here's what helped me
Do you ever get in your own way? I know I do. I have times when I feel in a low mood, everything seems more difficult, and my natural zest disappears. Many times I have had clients say to me that the only thing stopping them is themselves. So, how do we deal with this and get back in the flow?
Time management for financial planners - why helpful tips are not the answer
How often have you felt like you had way too much to do, way too little time to do it, and you've stressed out as a result?
The biggest challenge (and opportunity) in the financial planning process
In a perfect world a client goes through the financial planning process and implements the recommendations and advice they are given. As a result, they are happy and achieve their goals. Yet we are not living in a perfect world, which presents both a challenge and an opportunity for financial planners and their financial planning process.
20 bad financial adviser inter-personal habits
In this weeks’ blog I am looking at... 20 bad financial adviser inter-personal habits Look and see if any of these apply to you. Corrective action can make an enormous difference to your success.
Integrity: It is more important than we think 
As professional people we value integrity, right? We like to think of ourselves as being a person of integrity and we want other people to act with integrity towards us. To me, this seems at the very core of trust.
The most dangerous word in the English language
When we think back to when we were little kids, we never knew what limitations were. In fact, to little kids the very idea of a limitation is absurd. Our imaginations knew no boundaries and we lived in a world of pure possibility. You could be a superhero, be invisible, fly, or travel in time like Doctor Who.  As such, life was full of joy, curiosity, and wonder.
Twenty signs you are on the path to truly great financial planning
What is the difference between 'average' financial planners and those who become truly great at what they do? I have been reflecting on this question for a while now and wanted to share my thoughts on this with you. I think it begins with the 'want to'. Do you truly want to become great at what you do?
My favourite Warren Buffett quote and why it matters
Warren Buffett is one of the most successful investors of all time and one of the world’s wealthiest individuals. He also has some very astute observations about life. My favourite is his observation that: 'Busy is the new stupid.' One time he was in discussion with another super successful person, Bill Gates, and they touched upon the subject of productivity.
A simple guide to living in flow
Would you like to spend far more of your time in a state of 'flow'? Flow is the experience of being totally absorbed in the moment, when time seems to stand still, and nothing else seems to matter. I was reading about the legendary tennis player Billie Jean King and how she described her experience of a game...
Why I stopped meditating
Last week I had a wonderful conversation with a friend who has a vast amount of experience as a coach and has worked with thousands of people. She observed that in her experience every single person always wants the same thing in the end. Ultimately, we all want to feel clear minded, present, happy, content, and free from the burden of worry and stress. Who doesn't want more of this?
How to transcend the financial planner comfort zone
Our comfort zone can be very limiting. For instance, it can hold you back from realising your greater potential, making a bigger difference to your clients, and experiencing greater success. So, in this article I explore what a financial planner comfort zone is and what it takes to transcend it. 
Resilience: An essential key to building a financial planning practice
Have you noticed how resilience has become a hot topic in business? For instance, there are TED talks on it, articles in the Harvard Business Review, and covid brought into sharp focus how unforeseen events can literally change our lives in a moment. This article explores a deeper understanding of resilience and why it is key for building a financial planning practice.
Building a financial planning business - overcoming the biggest obstacle
Building a financial planning business is not easy! In fact, you are far from alone if you find it challenging. This article explores one of the biggest obstacles of all and how to rapidly get back on track.
To succeed you must have self belief... really?
If you have a goal or outcome that is important to you and you want to go for it, then what does self belief and whether you have it or not have to do with it?