BusinessHealth

It was the saddest of news… one of the ‘best’ financial advisers I had ever known passed away a few weeks ago. And while we hadn’t kept in touch much over the years since Phil had retired down to the Southern Highlands of NSW, it was with a very heavy heart that I attended his funeral service last Friday. As is often the case, it was a time to reflect – we had worked together for a number of years…

We’re currently in the process of finalising our latest analysis of the ‘health’ of Australian advisory practices (Future Ready VIII) and have noticed a few early signs as to how well (or not) financial advisers are faring in this most disrupted marketplace. I thought I’d give you an early heads-up as to what perhaps will prove to be one of the most significant finding from our analysis – the dramatic reduction in client numbers. The average number of clients per…

A good friend of mine lost his son to cancer not long ago, something no parent should ever have to experience. Even though this would have been one of the hardest things he will ever go through, he had the courage to write an article about his experience with his son’s financial Adviser. I will paraphrase, but, in short, his “Adviser” had not done a particularly good job in managing his son’s financial affairs. He had no will, the insurance…