Advice culture and remunerationBY GREG MARTIN | VOLUME 14, ISSUE 3 The psychology behind good and bad advice We are all motivated reasoners and our motivation is rarely simply financial. Life insurance commissions, much like Satan and the universe ... Get articles like this delivered to your email - Sign up for the free weekly newsletter  More Articles |
Latest News
Esencia merges with HNW advice practice
|A Sydney-based practice advising high-net-worth individuals is merging with Esencia Wealth, adding some 250 clients and two senior advisers to the firm.
SIAA calls for fresh talent amid advice demand
Stockbroking and investment advice firms need to broaden their approach to attracting and retaining talent as the profession prepares for a major shift in clients and wealth, according to a new report from the Stockbrokers and Investment Advisers Association (SIAA).
FEATURE | Digital advice | Interlocking the pieces
Digital advice has become a core offering for wealth managers, yet it confuses many and implementation and use remain fragmented. Before it can achieve aspirations of scale, experts are urging for a better, unified understanding of the offering.
Aperio joins Akumin
Melbourne-based advisory firm Aperio Financial Services has switched licensees and joined Akumin as demand grows among advice practices for support to scale operations and improve efficiency.
Further Reading
Cover Story
Advice with soul
SACHA BURCHGART
FOUNDER & MANAGING DIRECTOR
BURCHEART PTY LTD
FOUNDER & MANAGING DIRECTOR
BURCHEART PTY LTD
Though she initially tried, Sacha Burchgart couldn't escape the call of a career in financial advice; it just took staring down her own mortality to see what's possible when you do things differently. Jamie Williamson writes.
Expert Feed
Stonepoint is another lesson in fund governance and investor protection
The demise of the Stonepoint Capital Fund may have gone under the radar for many, but proves an important point for independent governance when examined.
The importance of purpose-driven team meetings
A purpose-driven meeting can provide "clarity, accountability and engagement" within a financial planning practice.
Not all private credit risk is created equal
Advisers and investors need to look beyond headline yields and assess the structure, security and manager capability behind each strategy.
A never ending story of levies
The extensive processing period for Shield and First Guardian complaints means financial advisers will likely not be able to see an end to a series of ...
Good, but too little and too late for all those whose lives have been severely disrupted by the blindness of ideology.
Great comment Sue Allen - sums up my opinion too.
The bigger question here Greg relates to the organisation having the right cultural and ethical frameworks in place first of all, and secondly, the right implementation process to practically apply the framework throughout the organisation
As we have seen from the Royal Commission there seems to be a disconnect in building a robust cultural and ethical framework that can be implemented from the top down throughout organisations
In 2016 we built a unique cultural and ethical framework in our organisation that was based on Kantian and utilitarian ethics and ethical decision making and comprehensively rolled this out to the leadership team and staff which doubled our NPS
I guess the lessons you learn from this are if you truly want to embed a culture into an organisation then you need the right training and induction framework in place to fully implement and embed culture and ethics into the DNA and self identity of individuals throughout the business