1 Apr 2010
The delivery of financial advice in Australia is on the verge of a massive change. The combination of intense pressure on fees and commissions with new legislation such as “Intra-Fund Advice” will force all financial advisors, dealer groups and major superannuation providers to find faster and more efficient ways to deliver advice services to clients and members. Financial advisors in particular will face new pressures on the common “holistic” advice model, and will need to consider new approaches which are faster and more flexible. The prize for those groups that evolve rapidly will be the ability to engage with members seeking advice, but not willing to pay for existing advice structures, and capturing their single or multiple superannuation accounts.