It's time to fix our complex, costly regulatory frameworkBY DANTE DE GORI | THURSDAY, 20 AUG 2020 2:16PM The biggest challenge impacting financial planning businesses today is not retaining clients or attracting new business, but the overly complex regulatory system stifling productivity. Upgrade your subscription to access this article
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SACHA BURCHGART
FOUNDER & MANAGING DIRECTOR
BURCHEART PTY LTD
FOUNDER & MANAGING DIRECTOR
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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.
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And on top of all that ...the licensees have their own take on all of the above and implement and dictate accordingly.
Advisers state that compliance is the #1 issue they face at the moment. This is a combination of the uncertainty created by the layers of regulation referred to in this article and the need for more effective business processes to meet these obligations.
Regulatory clarity is required, together with simple and efficient solutions that combine humans and technology to deliver timely, compliant advice.
What a turn around , from being a lap dog tp the banning of commission so his members could over charge to the max.Now it is quite different.
Great to see the knife turn.