Seven essential truths about working from home
Working from home/hybrid work was ushered in courtesy of the global covid pandemic – in February this year, research* we conducted indicated that a massive…
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Don’t let the sound of your own wheels drive you crazy
It’s no surprise that against a global background of political, economic and societal change, we’re noticing increasing levels of disengagement in business – between employer,…
Are we there yet (wherever ‘there’ is)?
‘No, I’m not aware of my employer’s business goals for the next 12 months’ – unfortunately this is a response we regularly receive when we’re…
Profitability is on the rise but have we turned the corner?
We’ll be releasing our full analysis on the business ‘health’ of Australian advice practices towards the end of this year (the tenth in our series…
Compare the pair – average vs highly profitable advice firms
It’s a question we are often asked; how can advice practice ‘A’ be charging its clients more than advice practice ‘B’ located just down the…
Communication – a key factor in client retention
Lots happening to kick off 2023 but a couple of stats from US based financial software company, YCharts, in particular caught our attention; according to…
What’s it going to take to attract and retain quality staff in 2023?
Key findings from our Staff Salaries & Benefits Research Report* shows the demand for quality staff is currently at an all-time high and it is…
Who’s paying what, how & why?
Sneak Peak of Results: Business Health Salary/Compensation Survey undertaken November/December 2022 into Australian advice practices There’s lots of interesting data coming out of our recent…
Data should be driving business decisions: don’t trust your gut
“What a business needs most for its decisions – especially its strategic ones – is data about what goes on outside it. Only outside a…
What got you here today, may not get you there tomorrow
For financial advice practices wanting to maintain a viable business, doing nothing is not a valid option when facing a significant wave of changes to…
Why do only 1 in 4 advice practices have an effective business plan?
One in four Australian advice practices have developed a clear plan for their business going forward.* These practices have made decisions as to where they want…
When two tribes meet
The most successful practice mergers employ a number of simple strategies which allow them to bring two distinct groups of staff together with minimum downside…
In challenging times, it pays to dial up your communications
Most clients are now looking to their adviser to guide their personal finances through these ‘challenging’ times. ‘Challenging’, ‘volatile’ and ‘uncertain’ are appearing more frequently…
Why not make it easy?
” Why is it so hard?” I’m sure we’ve all asked this question at one time or another, when something we expect to be quick…
A nod to community
Advice practices were in the forefront of Australian businesses to quickly adapt to the covid enforced lockdowns of the last two years and adjust to…
Attracting new clients – no problem
Accepting a new referral shouldn’t be the automatic response. Consider your options, especially when you’re already stretched. There is good news from our latest research……
Insights into the Australian Advice Profession: Future Ready IX
We were delighted earlier this week, in conjunction with Midwinter Financial Services, to release the results of our latest analysis on the ‘health’ of Australia’s…
Got your umbrella?
So, what’s the forecast for your practice in 2022? Financial advice practices will predictably be operating with numerous ‘uncontrollables’… I’m sure you’ve done it too……