Although the majority of SOAs are based upon templates, these should act only to provide the bones for you to flesh out the rationale for the customised and focused advice you’re proposing for a client.
Actions speak louder than words, so why do traditional risk profiling surveys only take into account what investors are prepared to share and can easily articulate?
FOFA will provide advisers with the opportunity to redefine how their practices work. Explore three ways to use a change like FOFA to grow your business.
FOFA is another step in the road to professionalism so rather than rally against it, leverage it to boost your practice.
Prime Minister Malcolm Turnbull announced his new ministry on Sunday, with significant changes in key cabinet positions.
Estate Planning is, in many cases, treated by financial planners as an afterthought. But the glaring fact is that 45% of Australians not have a valid Will – this should be seen as an opportunity for Financial Planners to engage on this with their clients and do more.
Robo-advice is coming and financial advisers need to be ready. But what is it and how will it affect the their businesses?
Not all advisers are created equal, nor are their clients. One size does not fit all and I believe it is incredibly arrogant to suggest that it does.
FOFA, the real F-word. I’m not going to sugar coat it. This legislation contains several onerous obligations for advisers that do not seem to be designed to protect consumers. Based on the current business models of most advisers, there will be a lot of additional compliance work to do. It will be expensive and uncomfortable. Okay, I sugar coated it a little.
While the focus for a large number of accountants at the moment is ensuring they have a solution for the removal of the accountants’ exemption, it is also important that they think about how they will meet their professional obligations when providing financial advice.
No More Practice Education Pty Ltd
Level 1, 10 Shelley Street, Sydney NSW 2000
