At the moment it feels like there isn’t a day that goes past when we aren’t exposed to various media reports of poor compliance by some advisers and advice firms who have put their financial interests above those of their clients.
Future-proofing is often defined as ‘the process of anticipating the future and developing methods of minimising the effects of shocks and stresses of future events.’
A wise friend once asked me if I would burn the $50 dollar note they had handed me.
Of course not, was my indignant response.
To which he replied: if I told you that you would get all the answers you wanted for your business would you burn it?
I recently had an interesting chat with a very clever friend of mine who has been in the financial services industry for what must feel like a life time. They expressed their frustration at trying to explain to their board why the SMSF market was not a channel that could be harnessed.
No More Practice Education Pty Ltd
Level 1, 10 Shelley Street, Sydney NSW 2000
