The Purposeful Wealth Podcast

In this episode, Jonathan Gibson is joined by Jacqueline “Jackie” Lockie, a highly respected figure who has helped shape the financial planning profession in the UK over several decades. 

Together, they explore how financial planning has evolved—from the introduction of the Retail Distribution Review (RDR) and fee transparency, to the rise of cashflow modelling and behavioural finance. Jackie shares how these changes have transforme...

Estate planning is about far more than passing on wealth — it’s about protecting your family, preserving your legacy, and ensuring your wishes are carried out with clarity and certainty.

In this episode of the Purposeful Wealth Podcast, Jonathan Gibson is joined by Chris Gardiner of Thorntons Solicitors, a specialist in estate planning for UK families, entrepreneurs, and business owners.

Together, they explore the key pillars of effe...

Important Notice

This episode of the Purposeful Wealth Podcast is for educational purposes only and is not financial advice or a recommendation to invest in Bitcoin or any cryptocurrency.

Bitcoin and cryptoassets are high-risk, volatile and not suitable for most retail investors. 

Bitcoin and cryptoassets are not protected by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).

Wells Gibson has ch...

Justin King, a Registered Life Planner® and coach, is one of the UK’s most qualified independent financial advisers. Motivated by helping people find fulfilment, he supports others to take control of their lives and thrive in retirement. Justin King is the author of  'The Retirement Café Handbook: 9 Accelerators for a Successful Retirement' and host of his retirement planning YouTube channel plus The Retirement Café Podca...

In this episode, Jonathan Gibson, managing director of Wells Gibson, delves into the intriguing world of cryptocurrency. With Bitcoin back in the spotlight, Jonathan discusses the excitement surrounding technological innovations in the crypto space while emphasising the importance of a purposeful investment strategy. He argues that for most investors, altering portfolios to gain exposure to this volatile market may not be necessary...

In this episode of the Purposeful Wealth podcast, Jonathan Gibson, Managing Director of Wells Gibson, delves into the relevance of emerging markets in today’s investment landscape. He discusses the concept of the emerging market pendulum, highlighting the importance of maintaining a diversified portfolio that includes these markets despite their recent underperformance compared to developed markets. Jonathan explains the potential ...

In this episode, we delve into the intriguing world of investing, focusing on the allure and potential pitfalls of chasing the latest trends, particularly in artificial intelligence. Join Jonathan Gibson as he breaks down the difference between growth and value shares, exploring the hidden costs of overvaluing innovation. Discover how a disciplined, evidence-based approach to investing can help you secure everything you value while...

In this episode of the Purposeful Wealth Podcast, Jonathan Gibson, managing director of Wells Gibson, addresses the recent fluctuations in the US dollar. He offers insights into why these changes shouldn't cause alarm for investors. With a historical perspective, he explains that currency movements are common and often unpredictable, influenced by a myriad of factors including interest rates and geopolitical events. Jonathan e...

As systematic investors, we seek to continually challenge the process in order to maintain a solution which we feel gives us the best ability to meet our lifestyle and financial goals.  We understand that trying to predict the time and direction of market movements over shorter time periods is a fool’s pursuit. Any change in portfolio structure or investment approach, therefore, must be guided by a change in the evidence or our inv...

Readers of the Sunday papers’ financial pages will be familiar with the dividend chasing stories that pundits and some fund managers love to peddle.
These generally focus on high dividend paying shares or ‘income’ funds that focus on these shares.
The thought that one can take an income from a portfolio without the need to sell shares can feel appealing to some. But dig a little deeper and it quickly becomes evident that a ...

For many investors a propensity to place too much weight on recent events in terms of what the future may look like is quite common. This is known a ‘recency bias’ and it is this, we regards as the scourge of investors.

Charles Schwab, a major US broker, sponsored some research on its own client base to identify which behavioural biases predominate in their clients and recency bias was the one most commonly exhibited.
...

Isn't it true that modern society loves a ‘star rating’?

Most of us know what to expect if we book a 5-star hotel stay for a business trip when compared to a 3-star bed-and-breakfast for a weekend away.

The investment field is no different, with many institutions offering their own spin on star ratings and how to calculate them.

However, unlike the hotel industry, I would suggest many of the rating s...

Are Balanced Portfolios dead?

Legend has it that in 1895 whilst in London, Mark Twain, who had been feeling a little poorly, on discovering that a journalist had written his obituary, quipped the following:
‘The reports of my death are greatly exaggerated’.
In the past few years, obituaries for a traditional ‘balanced’ portfolio of, say, 60% equity, 40% bonds have been written by quite a number of financial journalists and f...

In today's episode, we're going to consider the subject being a formula for success. But before we look at, that, thank you again to all of our listeners who tune into the Purposeful Wealth podcast. I've made apologies before that the recordings haven't been maybe as frequent as we would have liked, and the library hasn't been updated. That's just largely been due to the other competing factors, such a...

Welcome to The Purposeful Wealth Podcast and this episode on how a systematic approach to investing provides the best chance of experiencing a successful investing journey - 'Don’t just take our word for it!'

Sticking to some key guiding principles – which are grounded in evidence and logic – gives investors a solid foundation on which to build a sensible investment solution. This short note provides an insight i...

So, today's topic on looking at home bias and global diversification. I think it's fair to say that every day we enjoy the benefits of an interconnected world. We may well start our day with, a cup of coffee that originated in South America. We check our email on our smartphone, which has been designed in California and manufactured in Taiwan, and then we dress and clothes woven from Egyptian fabrics before driving our Am...

Unfortunately we now live in a world of fake news and ‘alternative facts’ where parties shamelessly push their own agenda and narrative at the cost of salient facts.

In order to be heard in the noise of social media, research headlines need to be bigger and more eye-catching.

For those investors using an evidence-based approach that means it is important to make sure that any evidence being reviewed is based on tr...

The saying, “The market hates uncertainty” has been a common enough in recent years, but how logical is it?
There are certainly many different aspects to uncertainty, some that can be measured and some that cannot.
Uncertainty is quite simply an unchangeable condition of our existence.
As individuals, we can feel more or less uncertain, but that is a distinctly human phenomenon.
Rather than ebbing and flowing with i...

A new report from the Institute for Fiscal Studies (IFS) has claimed pensions are treated more generously by the tax system as a vehicle for inheritance than for retirement income. The IFS said that keeping savings in a pension tax wrapper can be a highly effective way of avoiding inheritance tax, and this is an anomaly that needs to be addressed. Their new “Death and Taxes and Pensions” study was funded by the Financial Fairness T...