Half of all advice practices are either considering changing licensees in the next twelve months, or have already done so in the past year.
Category: Polls
Advice Practices Changing Licensees
October 7, 2011 – 4:43 pm
Recent changes within the financial services industry have generated a climate in which advice practices are reconsidering their licensee choice and making moves to new dealer groups.
We want to know what you are thinking and where your practice is currently positioned. Our latest adviser poll asks:
Poll Results - Black List Serial Churners
September 19, 2011 – 11:57 am
Creating an industry-wide black list of serial churners has been the highest rated selection by advisers from a list of proposed solutions that address the practice of churning.
Churning Solutions
September 14, 2011 – 12:19 am
The debate on churning continues to evolve, but opinions are divided about the solution.
We are asking advisers to tell us what they think:
Advisers Disagree With Shorten on Cost of Opt-in
September 7, 2011 – 9:19 am
Over 80% of advisers say the cost of including opt-in processes into their business will be more than $100 per client. More than a quarter believe this cost will exceed $250 per client.
These are the outcomes of our latest poll, based on comments made by Financial Services Minister, Bill Shorten, in last week’s release of the first tranche of the draft Future of Financial Advice (FoFA) reform legislation.
Cost of Opt-in - Your Say
August 30, 2011 – 5:01 pm
One of the more contentious statements stemming from the release this week of the first tranche of the Future of Financial Advice draft legislation was the apparent acceptance by Financial Services Minister, Bill Shorten, that the cost of opt-in will equate to approximately $11 per client.
This observation from Mr Shorten has prompted us to ask how much you believe opt-in will cost the bottom line of your business.
Our question is:
Clear Adviser Position on Commissions for Advised, Non-advised Insurance
August 24, 2011 – 3:24 am
Financial advisers are in favour of a call to reconsider banning risk commissions along advised and non-advised lines, rather than along individual and group insurance lines.
Call to Allow Risk Commissions on all Advised Services
August 17, 2011 – 11:17 am
The recent call for the Government to reconsider its position on banning risk commissions on group and default insurance policies is re-shaping the broader debate on banning risk commissions.
The argument is that the Government should not be making a distinction between individual and group risk, but should instead be distinguishing between advised and unadvised insurance.
Our latest poll question asks:
‘Trust’ Factor is Most Important Adviser Attribute
August 10, 2011 – 9:48 am
Advisers have highlighted Trust as the most important attribute they believe their clients are looking for when choosing their financial adviser.
Around one third of advisers (34%) voted Trustworthiness as the key factor in response to our latest poll question, which asked:
What Advisers Believe Their Clients Want
August 3, 2011 – 10:56 am
Our latest poll takes a break from FoFA-related issues and turns its attention to what advisers believe their clients expect them to deliver. Based on our story this week about what American clients expect from their financial advisers, our latest poll question asks:
