It’s time to focus on the end game…

With so much industry, consumer and regulatory change on at the moment, many firms may benefit from taking a step back and looking at what is going on, and consider the end game (or at least as far as one can see at the moment). Some of the constants are: that to be in business, one must [...]

By | October 22nd, 2019|Being In Business of Wealth Management|0 Comments

Excel may be the best portfolio management software in the world today, however….

We see a lot of private wealth management firms that use excel as the basis for modelling and making decisions on client investment portfolios, and see some distinct commonality in their journey, which is typically: Stage 1 : A motivated set of professionals start a wealth management business with passion and wanting to deliver a [...]

By | October 16th, 2019|Portfolio Propositions|0 Comments

EY Banking and Financial Services Royal Commission Briefing – Some Key Points

Congratulations EY on a to the point and informative web briefing on the Banking and Financial Services Royal Commission. Some really key points that I noted that are relevant in wealth management: Fee for service threatened viability Oversight controls mandatory - significant compliance hcllenge Opportunity for independent quality robust models Value of advice questioned Non-tolerance [...]

By | October 9th, 2019|Being In Business of Wealth Management|0 Comments

Is client centric portfolio management the ONLY sustainable advice business model ?

Plenty of discussion post Royal Commission Question of viability for fee for service advice model without conflicted remuneration Questions of advice renewal, whether see value of it Question of whether consumers will pay for advice in it's raw form, Productised offers, very little money for advisers, any many questions Client tailored portfolios blend advice and [...]

By | October 9th, 2019|Business Model Considerations|0 Comments

There are no products only services

I read somewhere recently: Products are rapidly evolving into services, these are more connected to customers ecosystems and provide holistic experiences that are meaningful beyond the product/touchpoint. Creating products that live in isolation are progressively disappearing, and one may say that “There are no products, only services” Whether it is these words or others to [...]

By | October 9th, 2019|Portfolio Propositions|0 Comments

Repurpose – Is portfolio compliance a state or a process?

Wednesday - send out  Heading - With increasing regulation requiring firms to define what client portfolios ‘should look like’, this is theme for 2017 Twitter -  With increasing regulation requiring firms to define what client portfolios ‘should look like’, this is theme for 2017 #regtech #portfoliocompliance https://drive.google.com/drive/u/1/folders/0B9M71vAVL2EUb1l4NGhFM2VjdWc https://www.financialsimplicity.com/thoughts/portfolio-compliance-state-process/

By | October 9th, 2019|Portfolio Propositions|0 Comments