Is this a new generation of advice appearing?BY JIM STACKPOOL | FRIDAY, 12 OCT 2018 10:40AM I reckon the financial advice industry is entering a new phase of professionalism and opportunity, only everyone doesn't seem that excited about it. As with any change there ... Upgrade your subscription to access this article
Join the growing community of financial advisers
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Advisers expect growth despite uphill challenges
Despite the current headwinds involving market uncertainties, rapid digitisation and the ageing population, financial advisers remain optimistic about what they can achieve over the next few years, a new report finds. However, the growth will not be captured easily.
Diversa drags Praemium into First Guardian lawsuit
Praemium and its subsidiaries are now caught up in the ASIC-led First Guardian legal saga, having been thrown in the mix by Diversa Trustees.
Poor succession plans expose advice firms to crisis events: Report
Most financial advice practices are ill-prepared to manage the sudden death or permanent disablement of a principal, according to new research, underscoring widespread gaps in succession and contingency planning.
Capstone joins forces with PictureWealth to form $22bn FUA planning network
PictureWealth Group has inked a landmark deal with national advice licensee Capstone Financial Planning, forming a combined business with 360 financial advisers and $22 billion in funds under advice.
Further Reading
Cover Story
Advice with soul
SACHA BURCHGART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
FOUNDER AND FINANCIAL PLANNING SPECIALIST
BURCHEART
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
The global advice gap: why expat clients are harder to serve than they appear
Many Australians are building wealth abroad before ultimately returning home for retirement.
Genetic testing reform is here. What advisers need to do next
The reform not only eliminates the impact from genetic tests but also the underlying health risks for those that chose to "stay in the dark".
Helping clients stay the course in volatile markets
Fidelity International's recent research shows many investors are maintaining a "long-term" perspective despite recent market turmoil.
How to distinguish strong regional markets from regional growth stories
Regional markets should not be treated as a single investment category when only a select few have the economic depth to deliver consistent performance.
Hi Jim
After 40 years in accounting and financial services I still have clients today that go back to my commencement.
Trust is earned and ethics are ingrained into the character of the person. Not sure that you can teach ethics, you may pass an exam but can you really teach someone to put others best interest before your own.
I like helping people and enjoy building that relationship. We have not always agreed but this time I think that you are right
Your article is pretty well accurate except for the comment (These advisers are paid by their clients based purely upon the quality of their service and advice they provide year-after-year.)
Are you saying that clients did not receive good advice over the last 40Yrs apart from a few bad apples? An example is some politicians doing the wrong thing,THEY say sorry and then it becomes old news.
How do you put a price on good advice? I will say to you Jim, don't get sucked in from the Royal Commission. Herald Sun news on Friday stated $50 Billion wiped of the superannuation market and when the S&P200 was at just under 6,300 ,$50 Billion plus increased the value of superannuation funds! I know where you are coming from and you have accepted the Royal Commission appraisal of advisers,which means we are all tard with same brush, WRONG.
Jim,
I agree. It is just a pity the industry is taking so long to realise this.