{"id":32187,"date":"2016-01-25T17:30:52","date_gmt":"2016-01-25T06:30:52","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=32187"},"modified":"2016-01-27T07:26:50","modified_gmt":"2016-01-26T20:26:50","slug":"advisers-should-not-fear-disruption-but-use-it-as-advice-tool","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/01\/25\/advisers-should-not-fear-disruption-but-use-it-as-advice-tool\/","title":{"rendered":"Advisers Should Use Disruption as Advice Tool"},"content":{"rendered":"<p>Financial planners should not be concerned about disruption in the advice sector but rather seek to use it in their discussions with clients according to Kearney Group Financial Services, Chief Executive, <strong>Paul Kearney.<\/strong><!--more--><\/p>\n<figure id=\"attachment_32189\" aria-describedby=\"caption-attachment-32189\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/01\/Paul-Kearney.jpg\" rel=\"attachment wp-att-32189\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-32189\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/01\/Paul-Kearney.jpg\" alt=\"Paul Kearney\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-32189\" class=\"wp-caption-text\">Paul Kearney<\/figcaption><\/figure>\n<p>Kearney, whose practice was named the 2015 Association of Financial Advisers (AFA) Practice of the Year, said great disruption is what clients expect from their advisers.<\/p>\n<p>\u201cGood advice should have an impact at any stage of life and the idea that technology will be the disruptor of advice is not the case, rather it should enable advisers to disrupt client expectations,\u201d Kearney said.<\/p>\n<p>\u201cAdvice is education and if advisers can keep clients in the loop using technology they can show them what they can do for themselves and what a professional can do for them.\u201d<\/p>\n<p>According to Kearney technology will be an empowerment mechanism and advisers should make use of it instead of believing advice was immune from technological change.<\/p>\n<p>\u201cTo pretend some of the work of financial planning will not be commoditised is to be kidding yourself. The way people engage with advice in five years will be very different and a paper Statement of Advice review will be a bit like the steam engine,\u201d Kearney said.<\/p>\n<p>He also stated that advisers should not be concerned about education changes which would ultimately benefit all advisers.<\/p>\n<p>\u201cThe sooner the whole profession has the same minimum standard the better it will be for all and will remove the question mark over the profession. We made the decision to have degree qualifications for our advisers in 2009 and found it removed the question mark clients had about our practice,\u201d Kearney said.<\/p>\n<p>\u201cThese changes have also mean a greater raft of people are interested in advice as a profession and currently it is still in its infancy. We are able to mould it and decide how it looks over the next 20 years.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial planners should not be concerned about disruption in the advice sector but rather seek to use it in their discussions with clients according to Kearney Group Financial Services, Chief Executive, Paul Kearney.<\/p>\n","protected":false},"author":3,"featured_media":32196,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,6831],"tags":[4247],"class_list":["post-32187","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dealer-groups","category-practice-marketing","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=32187"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/32196"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=32187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=32187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=32187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}