Benefit for advice businesses that offer general insurance to HNW clients goes beyond good service
I have read many articles over the years about servicing High Net Worth (HNW) clients in the financial services industry; however, most businesses that put together a HNW Best of Breed service model do it without looking through the eyes of their clients. In fact, very few businesses have a model that effectively and comprehensively […]
Federal election & post COVID-19 experience are reaffirming need for financial literacy to be taught in schools
Financial literacy is a core life skill that needs to be taught as a compulsory topic in Australian schools. Although not a new idea, the basics will go a long way to helping future generations make better and more informed decisions that will ultimately be to their long-term personal and professional betterment. In fact, the […]
Financial advice has reached the precipice, however the industry can be saved by scale & financial literacy
The Australian financial services sector has reached the precipice and desperately needs a different way of thinking about reform if it is to have a viable future at all.Two decades of reform has resulted in the ranks of advisers being decimated, immense reputational damage and a legacy of systemic problems for the industry, consumers and […]
Govt in denial re industry challenges including unaffordable advice & need for financial literacy education
A year after the Hayne Royal Commission, advice industry commentators continue to debate what the advisory sector will look like going forward. As the debate rages surveys such as Adviser Ratings, reveal a downward spiral with adviser numbers falling to a four-year low in 2019 and approximately 1133 practitioners exiting industry in the 4th quarter […]
Where to now for financial services post Federal election and Hayne Royal Commission?
Now that we have a new Morrison Federal Government and the implementation of the Hayne Royal Commission (RC) recommendations will be high on the political agenda, what does it mean for the Australian consumer going forward, especially when retirement planning will be so important to the Baby Boomer generation? Paul Tynan Friday, May 31, 2019 […]
Accountants and planners’ expectations continues to fuel sale and exit inertia
Mature age accountants and financial planners are continuing to defer the sale of their practices in the erroneous expectation that their business will attract a higher price amongst a growing pool of prospective buyers.
Individual licencing BOLR & platforms
Whether it be the start of a new financial or calendar year, the issues confronting the financial services industry are all the same and actually increasing and intensifying.
There are solutions to ensure long term business success & profit – but accountants & planners must act now
There are solutions to ensure long term business success & profit – but accountants & planners must act now.
Accountants & planners seeking to exit fail to appreciate time is the real scarcity
Accountants and financial planners seeking to exit the industry continue fail to appreciate the importance of time and its impact on their retirement aspirations and lifetime of endeavour.
Royal Commission is an imperative for the future well-being of financial services
It’s imperative for the future well-being of the sector that the Royal Commission review financial services in its entirety i.e. banks, industry funds, super funds, investment managers, industry associations and regulators.