netwealth group study tour

Silicon Valley offers great ideas to transform financial advice. But first, advisers need to embrace their role as digital activist.

It is a leap of digital faith. Ryan Merrett, chief information of­ficer and financial adviser at Melbourne-based Tribeca Finan­cial travelled 12,000 kilometres to San Francisco early this month as part of an adviser study tour.

It was the fourth and final day of the program and he was in deep thought at the back of the tour bus travelling on Highway 101 returning downtown San Francisco from Silicon Valley.

"I wanted to be challenged. I have my own views of where the advice industry is going ... but I wanted to learn what else is out there. What else is working and what isn't," he said.

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In May this year, netwealth joint managing director Matt Heine helped organise a Silicon  Valley study tour for financial advisers and fund managers. He tells Financial Standard his key learnings from the intensive four-day program.
Read More.