The head of growth and financial life planner at TFP Financial Planning said most clients were interested in supporting individual causes and giving, whether it be time or money, could be hugely beneficial for people's retirement.
He said: "The psychology of giving - giving our time and money to people and causes that are important to us, gives us a huge sense of happiness and wellbeing.
"That's the next stage of proper financial planning. For me anyway, it's this giving of time and money. Because if we want to create a happy, healthy, wealthy retirement that has to be part of it.
"It doesn't have to be £100,000, it can be time, it can be £500, it can be doing something."
TFP late last year set up a community foundation administered and run by the Essex Community Foundation, after deciding there was more the firm could do to give back than raise money sporadically for individual charities throughout the year.
We are building a business that has legacy, not a business to gather assets to shift on to some consolidator.
Whereas previously it would pick one to three charities and raise funds through various activities throughout the year, it now channels its proceeds into its community fund, and Essex Community Foundation then allocates the funds to charities on behalf of the firm, giving TFP the opportunity to specify geographical areas within Essex, and the types of charities it wants to support.
"It kind of got to a point last year where we felt that there's something better that we could do, something that we own, something that is more personable to us as a business and something that impacts the local community much better and has legacy," said Haylett.
"We are building a business that has legacy, not a business to gather assets to shift on to some consolidator in the next five years.
"So we wanted to have something that has long term foundations."
This year the plan is to start putting any money raised into the charitable foundation on an ongoing basis, a few years down the line TFP plans to be in a position to donate some 10 per cent of its profits too.
TFP has specific causes in mind, which are often linked to personal experiences within the team, said Haylett. "Mental health is massive for us," he said.
"[And] we're very much around premature babies and supporting mums. There are wonderful little local charities where £500 to help buy special little nappies is going to have much more of an impact than £5,000 to a massive global charity."
