Today’s Statements of Advice (SoA) aren’t a powerful or appealing way to deliver information – after all, they are produced in a language and format that most people simply don't understand. Far from helping educate clients, this 'foreign language' only seeks to alienate and confuse them.
Quality financial advice should be a cornerstone in the life of every person. But women, given the inequitable social and economic dynamics, would ideally be in not only a position where they can fund not only their own retirement, but their own lives should they need to live independently.
If you don't consider a client’s goals, then you risk delivering financial advice that doesn’t meet an investor’s needs. It also flags the emergence of new digital tools designed to support and enhance the financial advice experience for financial planners and client alike.
