Overly strong consumer protections have not served Australians
Consumers need and deserve good advice but extreme consumer protections have stopped them from getting it, Fortnum’s Neil Younger writes.
The business model displacing traditional licensees
There will always be a need for licensees, as long as financial advisers need an Australian Financial Services Licence (AFSL) authorisation to operate.
Too much choice killing efficiency in the advice spectrum
Choice is fundamental to quality, personal financial advice but too much of it often comes at the cost of scale and efficiency, Neil Younger writes.
Fortnum: Outstanding business and licensing services
Today, we launch our new website and with it, we renew our commitment to great Australian financial planning practices that seek outstanding business and licensing services.
Technology and the licensee of the future
Hear from Neil Younger, CEO of Fortnum Private Wealth, shares some of the major changes he’s seen in the industry over the last 30 years of his career and the evolution of financial advice business structures and models. We also discuss what the licensee of the future looks like, the benefits and challenges of technology…
Size matters in the war for advice talent
Attracting smart, motivated young people is not easy. Whether you’re a person, company or profession, it requires a unique proposition. Basically, you need to be attractive. When it comes to professional services, it also helps to be big. In that context, recent figures from WealthData revealing that only 163 advisers or provisional advisers have entered…
A glimpse at tomorrow’s advice business
Wayne Gretzky, the former professional Canadian ice hockey player often referred to as hockey’s GOAT (greatest of all time), famously attributed his success to his ability to “Skate to where the puck is going to be, not where it has been”. While Gretzky’s 1982 quote has become an overused corporate cliché, it is still relevant…
Advisers are ready to claim professional benefits
Competency, high standards of conduct, ethics and accountability are the hallmarks of a profession. Based on that criteria, many advisers already pass the professional test yet they still can’t officially claim the title and associated privileges. Admittedly, there are still some who do not possess the requisite criteria but a profession can’t be held back by lowest…
Three regulatory must-haves for an advice investment service
The fundamental premise of financial advice has never been methodically tested, but if strategic investment advice goes under the regulatory microscope advisers will need to provide evidence of three critical elements. To date, the focus of regulatory and consumer action has been on the quality and appropriateness of advice rather than value for service. As I discussed…