The wealth management value chain has been historically encumbered by digital inefficiency, leaving a predominantly negative impact on the advice process. These digital inefficiencies have created obstacles in the initiation of clients, and have inhibited the advice process to be conducted in a way that could be considered seamless, productive, or scalable.
Retirement can be a complex area to navigate through with clients, as at this stage of their wealth journey, their objectives are multifaceted.
Ensuring your clients have enough money saved to sustain a comfortable income, meet their ongoing essential expenses, and doing so with the flexibility to fund discretionary items or big-ticket goals such as travel or a new car is key throughout their retirement.
In our modern history, during the 18th century within a little place called Britain the first industrial revolution was born - now commonly known as Industry 1.0. This revolution embarked on a process of change, an economic transition from handicraft to machine manufacturing, completely transforming the operation of businesses along with the role they played in society.
Lengthy, wordy SoAs may be a thing of the past, with ASIC’s stance of technological neutrality.
Australia has stood to lose thousands of financial advisers, and as a result, we are witnessing an only increasing advice gap, jeopardising the needs of consumers in gaining access to financial advice.
Socially responsible investing looks both practically and ethically at strategically placing a client's money and wealth in assets that make a positive impact on the world. It is the alignment of a client's personal values and ethics to their investment portfolio, though differs from environmental, social, and governance (ESG), which analyses the risk, policies, and practices of a company.