by Jim Stackpool | Jan 21, 2020 | Advice Clients, Best Interests, Client Care, Client Offerings, Fee For Service, Future of Financial Advice, Pricing Advice, Value of Advice, Value Proposition
When’s the last time you paid a fair & reasonable price for something? This morning’s coffee? When you last filled your car? Your last holiday? Your special person’s Christmas present? Your donation to a bushfire cause? We make fair & reasonable decisions all...
by Jim Stackpool | Jun 27, 2019 | Advice Products, Best Interests, Client Care, Client Offerings, Conflict of Interest, Latest News, Pricing Advice, Royal Commission, Vertical Integration
“At the end of the day, average people are going to be the ones; they are going to have to pay for all of this. Because they always, always do” ~ Mark Baum, played by Steve Carell in THE BIG SHORT. We still don’t get it. Did you see or read The Big Short? Great...
by Jim Stackpool | Jun 3, 2019 | Client Care, Client Offerings, Wealth Management
I love flying. Always getting distracted by overhead planes, I’m regularly tuning into flight radar to check out stuff. Obtained my fixed and rotary wing license thirty years ago and would have the world aeronautical charts up on my walls if the family let me. The...
by Jim Stackpool | May 3, 2019 | Best Interests, Client Care, Client Offerings, Hidden Pricing, Minimum Pricing, Pricing Advice, Value Proposition, Wealth Management
Is now the time to join the crowd shifting to industry funds? It depends on the value being sought. Value means different things to different people. Whether buying your morning coffee or another pigeon to your flock, we all value things differently. In many ways, the...
by Jim Stackpool | Feb 28, 2019 | Business Performance, Client Care, Fee For Service, Future of Financial Advice, Hayne Royal Commission, Value Proposition, Wealth Management
Hello, I’m from ASIC and I’d like you to justify the advice fees you charge? Are you ready for this question? Reminds me of the gag about the tourist in Ireland who asks a local for directions to Dublin. The Irishman replies: “Well sir, if I were you, I wouldn’t start...
by Jim Stackpool | Jan 23, 2019 | Client Care, Future of Financial Advice, Value Proposition, Wealth Management
Have you heard of FASEA? It’s the relatively new Financial Standards and Ethics Authority, established in April 2017, well before last year’s Banking Royal Commission, to set the education, training and ethical standards of licensed financial planners. It’s creating...
