What Could 2020 Bring for Wealth Management

2019 brought considerable change in wealth management in Australia. There was the Royal Commission findings earlier in the year, and from that there has been a wave of changing landscape impacting almost all aspects of the industry, the general themes being about servicing clients fairly without conflict and in their best interests. 2020 is likely to [...]

By | January 1st, 2020|Being In Business of Wealth Management|0 Comments

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

What is the regulatory impact of increased consumer involvement ?

We are living in a world where the level of acceptability of servicing of consumers is increasingly being defined by the consumers themselves, which is suggesting more consumer involvement in regulation. Are our systems, processes and those who regulate prepared for this increased involvement, and who may step in if they don't ?

What does the future of wealth management have to do with pioneering of powered flight?

  The introduction of powered flight was a major innovation and was achieved through a significant change in thinking of both what the problem was and the skill sets that actually got the successful group there first. At the time there was no real precedent in terms of innovation that could be used to base [...]

RegTech : Helping Compliance Go From ‘Policeman’ to ‘Coach’

A really fascinating and insightful session at the ASIC RegTech round table earlier this week in Sydney, Australia. One key thing I took away from the session is that in many peoples eyes, Regtech is part of the genesis of the next generation of financial services operating models with benefits not only in reducing the [...]

By | February 10th, 2017|Being In Business of Wealth Management|0 Comments

Accountants and Advisers – The new Investments Proposition

There are two trends that are becoming increasingly prominent across wealth management and investing, and neither is showing any sign of slow down. These are: Investment solutions are to be more about the client than about the product Costs and margin pressure on the provision of everything but the 'human to human' interaction, ie the [...]

By | November 17th, 2016|Being In Business of Wealth Management|0 Comments

Portfolio Management : Advisory vs Discretionary, The Pros and Cons are Changing

In many of the groups that I visit around the world, we find that they have a portfolio proposition that is either advisory, discretionary, or perhaps have both. What I find interesting though is why their propositions are such and whether they are open minded to the alternatives. In the advisory proposition camp, we often [...]

Digital Termites and Wealth Management

In the late 1990s, I used to work for an innovative company called 'Open Market' which pioneered both ideas and technologies about the commercial use of the Internet, much of which has evolved and become commonplace today. One of the themes that the President Shikar Gosch introduced was the idea of 'Digital Termites' and 'Termiting' [...]

The Digital Revolution and whats coming in 2016

That time of year again, where in this part of the world (Sydney), most people are heading back to work after a solid break. I find that each year after such a break, the thinking in the industry advances considerably as people have had time to clear their heads and absorb what has being going [...]

By | January 20th, 2016|Being In Business of Wealth Management|0 Comments

EY Report – The $500 Trillion Consumer Centic Prize

Just read the recent report from EY about the $500 Trillion Consumer Centric Retirement Prize atwww.ey.com/pensionsreport2015. Great report with some really pertinent observations in there. Some I specifically noted (sorry rather long but it is a long report !): There is broad recognition that the industry has a long way to go, which I suspect [...]

By | October 19th, 2015|Being In Business of Wealth Management|0 Comments