The business model of financial planning is being turned on its head by the web. How about consumers themselves acting as financial planners and learning from each other! I think this is a great idea as there is so much more trust, transparency and honesty to this approach.
The web indeed can be a potent tool for building a rich financial community. Imagine learning from peers on how to save money from people like you. Knowing from the community on how the group spend their money across different categories. Also, recommendations on the stores that help save money basis your spending pattern. I think there is a lot of potential for such a community.
Wesabe is one such example of a business model taking shape. Wesabe makes it easy to better understand how you spend your money and links you to a community of people dedicated to helping each other make better financial decisions.
Take a look at this video and this explains what am talking about in a beautiful and simple manner.