The Advice Gap

The Advice Gap

by | Jun 15, 2022 | Advice Clients, Advice is not a Product, Best Interests, Brand Development, Business Planning, Certainty Advice, Conflict of Interest, fakeadvice, Financial Governance, Financial Paths, future of advice, Future of Financial Advice, Greater Good, Leadership, LIfe Choices, Measures of Success, Public Good, Separation of advice from product, Serve the Greater Good, valuable advice, Vertical Integration

I love the bush. I reckon it has something to do with my four grandparents being raised in NSW’s central west. It never ceases to amaze me how much I enjoy touring on unmarked open country roads with windows down and the elements whooshing in. Even when...
High-Net-Worth’s? It’s time for a re-think…

High-Net-Worth’s? It’s time for a re-think…

by | Mar 23, 2022 | Advice Clients, Advice is not a Product, Client Offerings, Conflict of Interest, Financial Complexity, Greater Good, Public Good, Separation of advice from product, Serve the Greater Good, valuable advice, Value of Advice, Value Proposition

William Francis Sutton was an American bank robber. When asked why he robbed banks, he allegedly responded: “…because that’s where the money is.” Medicine has used “Sutton’s Law” when training students as a metaphor to...
What advisers can learn from Marlboro Man

What advisers can learn from Marlboro Man

by | Jul 7, 2021 | advisers v distributors, best practice, Certainty Advice, Conflict of Interest, future of advice, Hidden Intent, Leadership, value, Value of Advice, Value Proposition

Marlboro Man was an influential figure last century. He sold a lot of cigarettes. He was the advertising character created by advertising company Leo Burnett in the 1950s to re-launch Marlboro cigarettes for a broader audience. The adverts were conceived to change the...
Goal-setting or Goal-washing? What advisers can learn from the space program…

Goal-setting or Goal-washing? What advisers can learn from the space program…

by | May 1, 2021 | advisers v distributors, Certainty Advice, Conflict of Interest, Hayne Royal Commission, Hidden Intent, Leadership, LIfe Choices, valuable advice, Value of Advice

“The future does not exist and cannot be predicted. It must be imagined and invented” Gelatt (1989) On May 25, 1961 USA President John F. Kennedy delivered an ambitious speech seeking Congress support to a project that would be ‘…more impressive to mankind, or...
The Greed Factors

The Greed Factors

by | Mar 11, 2021 | Advice Clients, advisers v distributors, Best Interests, Certainty Advice, Conflict of Interest, Future of Financial Advice, Hayne Royal Commission, Hidden Pricing, Leadership, Value of Advice, Value Proposition

What do the behaviours of Melissa Caddick, Bernie Madoff, and Sam Henderson have in common? Greed. Justice Kenneth Hayne used the same word when tabling the final report of his Royal Commission into the Banking and Financial Services industries in February 2019....
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