by Jim Stackpool | Mar 3, 2019 | Conflict of Interest, Fee For Service, Hayne Royal Commission, No-Advice Products, Pricing Advice, Professionalism, Value Proposition
The Chinese-based Huawei Group seems to be conflicted. Despite being recognised as a world-leader in forth-coming 5G telecom technology, western countries are reticent to trust them to advise, build, and maintain their future data highways. Similarly, Robert Muller’s...
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 | Mar 6, 2013 | Future of Financial Advice, Selling Your Business
So all potential conflicted remuneration ‘arrangements’ between Australia advisers and their providers entered into prior 1st July 2013 are ‘grandfathered’. Is this a good or bad thing? Dunno. When I first heard yesterday I was disappointed. But, as with most things,...
by Jim Stackpool | Nov 1, 2007 | Client Offerings, Hidden Pricing, Leadership, Pricing Advice
As I write this, the Dow Jones Industrial Average is bumping up against a new record high. It looks like another good Christmas for investment advisers. What has happened to our industry since the last Dow Jones record in January 2000? Obviously the world has changed...
by Jim Stackpool | Feb 1, 2007 | Business Performance, Measures of Success
Add these four points to your resolutions for 2007. 1. ASIC – Expect the unexpected: Mr Jeffrey Lucy – head of ASIC – asked us the question “Whose side are you on?” at the last year’s FPA conference. He made very strong points including: “…[client] satisfaction alone...
