Younger people overwhelmingly rank budgeting and cashflow management as the most valuable type of financial advice they can receive, according to a recent ING and Rice Warner survey of more than 1000 Australians. Gen Z (66 per cent), Gen Y (60 per cent) and Gen X (40 per cent) all cited budgeting and cashflow management […]
continue readingWhen natural disaster catches a company under-prepared, the chief financial officer is increasingly on the hot seat to break the bad financial news to shareholders and investors. That according to a new FM Global whitepaper, Master the Disaster: Why CFOs Must Initiate Natural Catastrophe Preparedness in 2019 and Beyond, based on an analysis of 10-K filings […]
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14
Jan
2019
Advisers frequently settle for being average, and it is definitely not because they want to be average, but because they don’t really know what it takes to elevate their performance exponentially. They often ask how one professional can be so much more successful than they are and assume that there is some magic at work. […]
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13
Dec
2018
I often get asked why I love being a financial adviser – well the answer is simple, I get to help our clients every day of the year. Along with my awesome team we are able to make such a difference in the lives of our clients whether it be when we get to help […]
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11
Dec
2018
Navigating the complex world of day-to-day banking and finance has been made easier with the launch of AMP’s new ‘financial help hub.’ The website is a one-stop-shop for financial education, with tools and tips to help better understand money, investing and planning for retirement. AMP’s Director of Strategic Marketing and Customer Experience Lara Bourguignon said […]
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10
Dec
2018
As the financial advice industry puts the spotlight on adviser education and technical competency with the release of the FASEA revised standards, soft skills remain a priority for clients, according to research from MetLife Australia. The MetLife Adviser-Client Relationship Report 2018 examined attitudes to purchasing life insurance through a financial adviser, surveying consumers and small to medium […]
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07
Dec
2018
Our top tips for password management within Advice businesses When it comes to cyber security, the password is the topic de jour. Everyone knows that a password is the most common mechanism to provide authentication. Positively, unlike facial and fingerprint recognition, passwords can be changed. However, the problem with “the password” is through 20 years […]
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30
Nov
2018
The most challenging area of financial advice which is subject to perpetual testing is the question of “suitability”. WHY was a particular piece of advice appropriate for a particular client? What factors were considered, or even discarded, that led to a particular recommendation as being the right advice? It is an area that holds the […]
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28
Nov
2018
The success and feedback of students in Mentor Education Group’s (Mentor) inaugural Real Estate Agents Representative Course (Victoria) has reaffirmed the national RTO’s opinion that property will continue to attract career aspirants as well as professional financial advisory practitioners seeking to position themselves for the future beyond the Royal Commission and FASEA said Mentor founder and […]
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28
Nov
2018
On first reading, Synchron cautiously supports the latest approach to Continuing Professional Development (CPD) put forward by the Financial Adviser Standards and Ethics Authority (FASEA), which was recently released for consultation via a legislative instrument. Synchron Director, John Prossor said, “While we have yet to examine it in detail, on face value it appears reasonable. The increase in CPD […]
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27
Nov
2018
Earn CPD Points
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CPD: Ethics and mental health in financial planningIt’s a disturbing statistic. Each year, one in five Australians suffer from a mental illness; it is the third leading...
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