Have you tried to understand the financial advice market? If so, you’ll know it’s confusing. For instance, the ANZ bank announced last week it is selling its financial advice division for $975m to another financial services firm called IOOF. Eight years ago, the ANZ...
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,...
Advice isn’t a product. Advice is far richer, deeper and more valuable. At the heart of good financial advice is a on-going conversation that ignites life’s possibilities and helps realise their attainment. Despite the banks alluring advertising, the value in the...
What’s ahead in 2013? Have you checked out Alan Kohler’s www.saveoursuper.com.au? This gives a good indication of what’s ahead in 2013 and beyond. Kohler is editor-in-chief of Business Spectator, in which he recently wrote “Australia’s super system is a national...
Over the last couple of years, in the absence of stellar financial product performance, price has become the product differentiator of first choice for consumers seeking wealth management services. This has not served consumers or financial planners well. (Mind you, I...