{"id":33324,"date":"2016-05-25T02:00:21","date_gmt":"2016-05-24T15:00:21","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=33324"},"modified":"2016-05-25T08:43:13","modified_gmt":"2016-05-24T21:43:13","slug":"white-paper-sheds-light-on-gender-based-approach-to-advice","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/05\/25\/white-paper-sheds-light-on-gender-based-approach-to-advice\/","title":{"rendered":"White Paper Sheds Light on Gender-based Approach to Advice"},"content":{"rendered":"<p>A new industry white paper will be released later this week\u00a0which delivers a gender-based take on finances, health and the role of advisers.<\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_33327\" aria-describedby=\"caption-attachment-33327\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/05\/Rebecca-Sheils.jpg\" rel=\"attachment wp-att-33327\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-33327\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/05\/Rebecca-Sheils.jpg\" alt=\"Beddoes Institute Founder and white paper author, Dr Rebecca Sheils ...compelling evidence that financial advisers make a significant difference for consumers...\" width=\"150\" height=\"180\" \/><\/a><figcaption id=\"caption-attachment-33327\" class=\"wp-caption-text\">Beddoes Institute Founder and white paper co-author, Dr Rebecca Sheils &#8230;compelling evidence that financial advisers make a significant difference for consumers&#8230;<\/figcaption><\/figure>\n<p>Called <em>Money, Well-being and the Role of Financial Advice &#8211; a gender-based approach<\/em>, the white paper has been delivered by the <a href=\"http:\/\/www.beddoesinstitute.com.au\/\" target=\"_blank\">Beddoes Institute<\/a> for the Association of Financial Advisers.<\/p>\n<p>According to the AFA, this cutting edge research, supported by TAL, provides evidence of the significant positive contribution that financial advisers make to the overall health and well-being of the Australian community.\u00a0 In arriving at this conclusion, the paper also identifies the differing needs of advice clients across both gender and generation.<\/p>\n<h6>&#8230;the age of a \u2018one size fits all\u2019 approach to financial advice has passed<\/h6>\n<p>The Association says the age of a \u2018one size fits all\u2019 approach to financial advice has passed, and that the present and future of great financial advice lies in tailoring both strategy and the style of approach to advice relationships to the clients\u2019 own preferences which can be indicated by their age, life-stage and gender.<\/p>\n<p>In applying the findings of this research, the AFA says advisers will discover new opportunities for growth that result from:<\/p>\n<ul>\n<li>Stronger client advocacy and referrals<\/li>\n<li>\u2018Stickier\u2019 client relationships<\/li>\n<li>Greater breadth in the services that clients ask them to provide<\/li>\n<\/ul>\n<p>These and other findings from the white paper have been shared with advisers over the last two weeks as part of the first AFA Inspire national roadshow, which has also incorporated the formal launch of the <a href=\"https:\/\/www.afa.asn.au\/female-excellence-advice-award-launch\" target=\"_blank\">2016 AFA\/TAL Female Excellence in Advice Award<\/a>.<\/p>\n<p>Addressing the roadshow audience, the white paper&#8217;s co-author, Beddoes Institute&#8217;s <strong>Dr Rebecca Sheils<\/strong>, discussed opportunities for gender-specific, tailored advice and highlighted additional findings that serve to confirm that:<\/p>\n<ul>\n<li>Women generally take longer to engage with a financial adviser<\/li>\n<li>It is quite rare for a consumer to engage a financial adviser outside either a trusted referral or someone already known to them<\/li>\n<\/ul>\n<p>Dr Sheils says the white paper delivers &#8220;&#8230;powerful , compelling evidence that financial advisers make a significant difference for consumers&#8221; across their health and well-being as well as in achieving their short and long-term financial goals.<\/p>\n<p>The white paper will be made available for general release following the completion of the AFA Inspire roadshow series later this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new industry white paper will be released later this week\u00a0which delivers a gender-based take on finances, health and the role of advisers.<\/p>\n","protected":false},"author":3,"featured_media":33352,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,3],"tags":[4247],"class_list":["post-33324","post","type-post","status-publish","format-standard","has-post-thumbnail","category-associations","category-general","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/33324","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=33324"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/33324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/33352"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=33324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=33324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=33324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}