by Jim Stackpool | Oct 9, 2019 | Advice Products, advisers v distributors, Best Interests, Competitive pressures, Future of Financial Advice, Hayne Royal Commission, Leadership, Value of Advice, Value Proposition
“Life moves on, and so should we.” Have you read Who Moved My Cheese by Spencer Johnson? It’s one of those annoyingly good books that easy to read, makes lots of good sense, yet hard to implement. It reminded me of the state of financial advice in Australia....
by Jim Stackpool | Jul 24, 2019 | Best Interests, Mindsets, Professionalism, Value Proposition, Wealth Management
President Trump resets standards tweet by tweet. Telling four Democratic congresswomen to ‘go back’ to where they came sets new expectations of how the world’s most powerful office deals with a contrary opinion. Last week, new standards of governance were recommended...
by Jim Stackpool | Feb 15, 2019 | Advice Products, Best Interests, Client Offerings, Fee For Service, Future of Financial Advice, Hayne Royal Commission, Royal Commission
“When you’re up to your armpits in alligators, it’s difficult to remember that the original objective was to drain the swamp.” The Hayne report was an anti-climax. When our Treasurer announced the report with “From today, the banking sector must...
by Jim Stackpool | Apr 18, 2013 | Client Care, Future of Financial Advice, Pricing Advice
I ended my last post on the shallowness of slogans with the observation that any serious attempt at reform in the financial advice profession must focus on reforming the profession’s structure and the incentives inherent within it. Which brings me to the extraordinary...
by Jim Stackpool | Feb 19, 2013 | Professionalism
Our nascent financial advisory profession needs a ‘turning point’, a breakthrough to accelerate its advancement into the profession it is destined to become. Whilst I applaud much of what has been done in financial planning to improve the professionalism of the...
