It was always going to be interesting to sit down with FPA chief executive Dante De Gori and Dr. Mark Brimble of Griffith University to talk about the future of our industry. It was also the perfect fit for our new mini-series, Thought Leaders with Dr. Mark Brimble.
Each episode, Mark and I have in-depth conversations with true thought leaders who are impacting and shaping the way our industry learns and develops.
We wanted to make this mini-series with Mark for our industry for a few reasons:
1. His role on the board of FASEA is vital in setting standards and guidance for financial planners. Their work will greatly impact the future of advice businesses.
2. Mark’s role as an academic has proven to have great merit for our industry. Our work together on the reinvention research has been pivotal in getting a large part of Australia understand the landscape in the next 20-30 years.
3. Mark is part of a new guard that believes communication in the family home about money is pivotal in Australians achieving greater financial capability and success. We strongly believe this too.
It was great to see that Dante and Mark hold similar views on many of the challenges our industry faces. In these conversations we covered everything from the move to independence for financial advisers, the misconceptions advisers are facing with Australians today, and the disconnect between the cost of advice and what consumers are willing to pay. We also discussed the unique relationship between the FPA and FASEA.
There has never been more at stake for financial planners. The challenge to actually stay in business is real, according to Dante, and to thrive is going to take damn good business strategy and hard work. At the same time, Australians have never needed quality advice more. Not just for the day-to-day challenges, but to start thinking about the longer-term and how to plan for a world where the age pension will not be the safety net for Generation X and beyond.
It seems both men agree that we as an industry have not done a good job in making people understand what good advice can do for them. A key focus for us as a business at No More Practice Education in 2018 will be raising awareness among everyday Australians of the brilliant work you do.
As always, we believe in what you do, and will continue to provide leading edge insight and education to help you be better informed, source new ideas for your business and ultimately communicate more with Australians who very much need what you have to offer.
We’ve had, and will continue to have, some fascinating guests lined up for our new mini-series. If you would like to see Mark and I talk to someone you believe is a true thought leader, let us know here.
Regards,
The opinions expressed in this content are those of the author shown, and do not necessarily represent those of No More Practice 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.
