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...
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,...
Last week we talked about the financial advice climate heading into 2013, Kohler’s call to ‘Save Our Super’ and the challenges and opportunities this will present to all of us. Whether an opportunity or a challenge, one thing is clear – a self-managed super fund is...
What would your financial advice business look like without it’s on-going revenue? Can you remember back before mid-1990’s when most revenue in financial services was up-front? Can you remember what that was like? Could you and your business go back there (and would...
The Government should not be interfering with how professional financial advisers charge their clients. Really? This is one of the many arguments against the proposed Opt-in provisions in the Future of Financial Advice (FOFA) legislation. The argument is a tad ironic...