A technology-assisted advice future that enables businesses to manage 200+ clients per adviser requires a stepped change, writes Entireti’s Neil Younger. The advice industry is experiencing an unprecedented level of M&A activity, which can’t simply be put down to demographic change, succession planning and the pursuit of scale. Those themes are certainly in play but…
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…
Experienced professionals who have been doing their job for any meaningful period of time will have developed general rules of thumb that help them efficiently perform their role. For example, GPs know that in most circumstances the best remedy for the common cold is plenty of rest and fluid. An accountant will tell you to…
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…