TRANSFORM

The financial advice market is changing. Driven by both regulatory change and consumer demand financial advisers need to adapt to survive.

Experiences from around the world suggest that regulatory changes will inevitably have an impact on:

Revenue models – There are numerous examples from around the world where commissions have been limited or completed removed;

Compliance practices and procedures – Increased compliance obligations increase cost; and

Advice –  A greater focus on the provision of non-conflicted advice that is in the ‘best interests of the client’.

From a consumer perspective clients are increasingly more educated on personal financial matters, but this doesn’t mean that they don’t need or want financial advice. However it does mean that as a financial adviser you’ll need to be able to clearly articulate the value that you provide and you’ll need a defined service package/solution that appeals to your target market.

SOLUTIONS

By working through the following components, we’re able to work with you to create a clearly articulated, well supported service offering to your defined target market. Carried out as a series of workshops the outcome will be clearly defined and documented policies and principals to guide your business and provide your customers with sufficient information to make an informed decision as to whether or not to engage your services.