The increased level of knowledge of our clients has changed the way financial planners operate in today’s environment.
Information is now so freely available that we have seen the evolution of a new class of investor. Retirees, who for whatever reason be it boredom or a genuine interest, have decided that their new hobby is to become an investment/fund manager and take control of their own wealth management programs.
Financial planning as we know it today has grown out of, or blended from the insurance industry, the investment industry and the accounting profession. You can probably throw in a little of the legal profession as well. And it’s probably reasonable to assume that many of the older generation of financial planners have evolved from the insurance industry, which ‘in the day’ was very much a sales-based business.
For those of us in the financial planning industry, the recent change of government could mean some considerable changes to the way we operate our businesses, writes SIRA founder and principal, David Bannister.
If utilised correctly, Managed Discretionary Accounts or MDAs can provide you and your business with a competitive advantage, says SIRA Group Founder, David Bannister
Accountants who want to advise in SMSFs have a lot to think about when it comes to licensing and selecting the right partner for the journey ahead writes David Bannister.
No More Practice Education Pty Ltd
Level 1, 10 Shelley Street, Sydney NSW 2000
