The new advice business model is approaching – are you being left behind?

Time’s up for those advice businesses relying on a “limited MDA” structure, and if they don’t find a new way to dynamically manage their clients’ money, many are going to have to go back to the old advice world of ROAs for every investment decision. It’s costly and time-consuming – but at the same time, it opens up a conversation about how the entire advice business model needs to change, to benefit both advisers and clients. We explore this new model in our Thought Leaders series presented by Mercer.

 
Want to learn more or earn CPD hours? View the full course here.

For more tips or information on how you can build a better practice for you and your clients, head right here.


The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice Education Pty Ltd or its related entities. All content is intended for a professional financial adviser audience only and does not constitute financial advice. To view our full terms and conditions, click here.

Liked this article? Let us know

Want more of the latest in opinions, expert insights and training?

Subscribe to our free eNewsletter now

/ Related content

The cost conversation

Our panel reveals the challenges and opportunities for advice businesses....

Have the changes to RG179 slowed managed accounts growth?

And are fears of growing regulatory scrutiny casting doubt on managed ac....

The rise of managed accounts

Managed accounts have evolved into a full-blown advice practice manageme....

Leave a comment /

Related content /

25 October, 2018

The cost conversation

Our panel reveals the challenges and opportunities for advice businesses in the future.

Read now

18 October, 2018

Alex Burke,Senior Writer,No More Practice Education

Have the changes to RG179 slowed managed accounts growth?

And are fears of growing regulatory scrutiny casting doubt on managed accounts’ future?

Read now

02 October, 2018

The rise of managed accounts

Managed accounts have evolved into a full-blown advice practice management solution. But for those who have yet to make the jump, what's the appeal....

Read now

WordPress Lightbox Plugin