by Jim Stackpool | Oct 13, 2014 | Conflict of Interest, Financial Complexity, Future of Financial Advice, Leadership
On Wednesday night a couple of weeks ago the latest round in the Future of Financial Advice (FoFA) saga limped through parliament heading for who knows where. Due successful lobbying by financial institutions, plus noise from incumbent industry associations and funds,...
by Jim Stackpool | Dec 1, 2013 | Advice Clients, Consultative Approach, Engagements, Financial Complexity, Future of Financial Advice, Mindsets, Value Proposition
I’ve been copping a bit of flack recently suggesting that fee disclosure statements (FDS) aren’t really necessary for your financial advice clients. Yes, I can understand that response considering the frenzy some firms have experienced making themselves ‘compliant’...
by Jim Stackpool | Jun 14, 2013 | Financial Complexity, Mindsets, Pricing Advice, Value Proposition
In my last post (Part 1), I shared my memory of a conversation that took place at one of my recent one-day workshops in Brisbane, between Lance Cheung of the ‘tiny giant’ firm Parinity, and a number of older, more experienced advisers. The conversation launched when...
by Jim Stackpool | Feb 22, 2013 | Financial Complexity, Professionalism, Value Proposition
To my mind, professionalism was best defined by Robert MC Brown – a unique champion of APES230, amongst other causes. Robert has said on many occasions that professionalism is acting in a manner that firstly respects the greater good of the general public, then the...
by Jim Stackpool | May 21, 2012 | Client Offerings, Consultative Approach, Engagements, Financial Complexity, Successful On Purpose
The “Consultant” Consultants thrive best in on-going chaos and complexity. They don’t just react, they are able to create, constantly add value and help their clients (and thus themselves) to desired returns as complexities of all sorts constantly appear and grow....
by Jim Stackpool | Nov 29, 2011 | Client Offerings, Consultative Approach, Financial Complexity, Future of Financial Advice, Leadership, Parinity, Successful On Purpose, Value Proposition
Lance Cheung and Keiren Murphy ran a up-and-coming tiny advisory giant called Parinity (i.e. small in size but destined to be a giant among future advice firms) from Brisbane’s garden suburb of Ascot. We spoke earlier this week about a common and constant struggle...
