What’s ahead in 2013? Have you checked out Alan Kohler’s www.saveoursuper.com.au? This gives a good indication of what’s ahead in 2013 and beyond. Kohler is editor-in-chief of Business Spectator, in which he recently wrote “Australia’s super system is a national...
Imagine this… Scanning the newspaper one day you learn that your local doctor, who you’ve taken your family to for years, might be getting ‘subsidies’ from the drug companies whose medicines she recommends to her patients. Being inquisitive on your next visit, you ask...
What would your financial advice business look like without it’s on-going revenue? Can you remember back before mid-1990’s when most revenue in financial services was up-front? Can you remember what that was like? Could you and your business go back there (and would...
The proposed death of ‘independents’ thanks to tough markets, tighter legislation (e.g. opt-in, dealer group overrides) and growth plans of the majors is all based on old thinking. We’ve got to get over the old days! Those predicting the death of great, independent...
I reckon the current valuations of financial services firms reflect a massive and growing Ponzi scheme. A Ponzi scheme underwritten by Australia’s major financial institutions. My reasoning is as follows: Valuations of 2.5+ times on-going revenue are still common for...
IPA Executive Director John Roskam’s article “Paternalism Enshrined” was published in the Australian Financial Review on 6 May 2011. In it, he makes some good points regarding the proposed regulation of financial advisers under Future of Financial Advice (FOFA)...