Education is a wonderful thing. Many of us strive to attain higher education to improve ourselves, raise our prospects in life, help others or pursue an important cause.
What do you do with your commission statements?
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.
As an accountant, you probably have a number of clients with self-managed super funds (SMSFs) who are aspiring to an accumulation of wealth after a lifetime of hard work and diligent saving.
The advent of FOFA now provides a public reference point to use when explaining to clients (and potential clients) how you’re one of the few who actually want to put their interests first and act as a true fiduciary.
It’s easy to get busy in the business but if you don’t take the time to work on the business you could be putting your brand, your reputation and the sustainability of your operation at risk.
With ASIC reviewing the current requirements for MDAs, many licensees are adopting a ‘wait and see’ approach, writes Matt Heine, Executive Director, netwealth.
It wasn’t that long ago that the measure of a strong and successful dealer group was size, writes Anne Fuchs, Founder, Pinnacle Practice. But will this aged way of thinking remain the same in 2014…
Shifting the notion of compliance as an obligation, or something that ‘has to be done’, to creating an opportunity will enhance the business value, writes Adam McGuren, national manager, Licensee Select.
With the evolution of technology set to impact nearly a third of all business revenues by 2015, No More Practice expert Aaron Dunn looks at how you can tackle this issue today and position your business for future success.
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