Have you heard of FASEA? It’s the relatively new Financial Standards and Ethics Authority, established in April 2017, well before last year’s Banking Royal Commission, to set the education, training and ethical standards of licensed financial planners. It’s creating significant new regulations for planners and as expected, creating a stir...
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How do you identify the right financial adviser? It’s hard. Moreover, it is potentially getting harder. Last week the government’s chief economic adviser – the Productivity Commission - recommended the formation of an expert panel to select the ten best superannuation funds to assist the 474,000 Australians who join the...
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Have you read Robert Cialdini’s book Influence? Great book. I re-read it over Christmas. It reminded me of the influential ‘short-cuts’ in our lives. Those psychologically engrained triggers we each develop that either warn, encourage, hinder or help us quickly make sense of what’s going on in our complex lives....
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[su_vimeo url="https://vimeo.com/297844276" width="680" height="480" class="video"] Presume, like me, you looking to buy a new car. I prefer Toyotas. Why? They do the job I need. They are reliable. They are everywhere. My twenty-something kids will be safe in them, they can't do too much damage to them, parts are not ridiculously...
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Another bank is exiting wealth. Saying his objectives are all about simplification, NAB CEO Andrew Thorburn used unsurprisingly similar language to ANZ's CEO Shane Elliott nearly two years prior when he too concluded that they really did not understand advice enough to make money. What're the consequences for Australia's advisory firms?...
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