Niche marketing opportunities continue to be missed by financial advisers

From

In a recent presentation, President and Founder of US Based i-Impact Group Mr. Claudio O. Pannunzio said financial advisers continue to seek the newest and latest processes to attract new customers when the process is still a basic exercise that has been unchanged for years and simply requires the creation of an ideal client profile. The creation of an […]

continue reading

Credit/debit card fees at record lows

From

Credit & debit cards Record fall in credit card debt. The average credit card balance fell by 2.7 per cent in smoothed terms in the year to September, the biggest drop in 19 years of records. Use of credit card limits is at 11½ year lows. Usage of credit and debit cards is at record […]

continue reading

Education costs continue to outstrip inflation

From

The latest Consumer Price Index (CPI) figures show that education costs continue to outstrip inflation, maintaining the trend that has persisted for the past decade. Parents’ concerns about the increasing cost of their children’s education are justified, warns Matt Walsh, head of Lifeplan. For the 12 months ended September 2013, education costs rose by 5.7 […]

continue reading

Myopic investors a risk to long-term performance

From

Addressing more than just near-term share prices is key to shareholder and company success according to the latest AMP Capital Corporate Governance Report. The AMP Capital Corporate Governance 2013 mid year report states that responsibility falls both to companies to understand and also to shareholders to clarify their objectives before a mutually beneficial relationship can […]

continue reading

Generation D investors: social media will help advisers regain trust

From

Mr. Claudio O. Pannunzio President and Founder of US based i-Impact Group said financial advisers earnestly overestimate the average investor’s knowledge of financial markets and this has been reflected in a recent survey by Accenture*. Although the survey was conducted in the USA, Pannunzio believes the findings have global ramifications, especially in sophisticated mature markets […]

continue reading

DIY Wills can be a recipe for disaster

From

While it is good news that more Australians are becoming aware of the need to have a Will, it is concerning that many are taking the “do it yourself” path which can result in a Will that is invalid, warns Anna Hacker, wills and estates accredited specialist at Equity Trustees Limited (EQT). “It always surprises […]

continue reading

AMP Retirement Adequacy Index shows overall adequacy levels up slightly

From

The retirement adequacy of working Australians has edged slightly higher to 69.8%, up from 69.4% in 2011, but people are working for longer with average retirement ages increasing according to the December 2012 AMP Retirement Adequacy Index. Stronger market conditions towards the end of 2012 and an average 6% increase in salaries year on year […]

continue reading

Behavioural finance: Cognitive dissonance

From

In any investment category there is invariably a broad spectrum of views, many of which are in outright opposition. This article by Nick Armet, Investment Director, Fidelity Worldwide Investment, looks at the behavioural problems stemming from dissonance and suggests some practical workarounds for investors. ‘Driven by hunger, a fox tried to reach some grapes hanging […]

continue reading

It costs $812,000 to raise two kids says AMP.NATSEM report

From

The cost of raising kids in Australia is on the rise, with a typical middle income family spending around $812,000 to raise two children, up by 50% on 2007 figures when it cost $537,000, according to the latest AMP.NATSEM Income and Wealth Report. The AMP.NATSEM Income and Wealth Report: Cost of Kids looks at the […]

continue reading

Twisted Clients…why they say goodbye!

From

Customers leave us, and most times we blame someone else.  It gets called churn, or twisting. Probably the most contentious issue in the financial services industry is the issue of clients moving advisers, or moving to different product suppliers.  Advisers and suppliers alike disparagingly refer to competitors as “twisters” and “churners”, with the overt insinuation […]

continue reading