{"id":9278,"date":"2011-02-11T11:30:20","date_gmt":"2011-02-11T00:30:20","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=9278"},"modified":"2021-02-03T13:15:01","modified_gmt":"2021-02-03T03:15:01","slug":"business-healths-to-do-list-for-advisers","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2011\/02\/11\/business-healths-to-do-list-for-advisers\/","title":{"rendered":"What to do and What not to do in 2011 &#8211; Business Health\u2019s List for Advisers"},"content":{"rendered":"<p>In its February 2011 newsletter, advice practice consultancy firm <a href=\"http:\/\/www.businesshealth.com.au\/content\/\" target=\"_blank\" rel=\"noopener noreferrer\">Business Health<\/a>\u00a0listed its top &#8220;do&#8217;s and don&#8217;t&#8217;s&#8221; for financial advice businesses in 2011.<\/p>\n<p><!--more--><\/p>\n<p>Business Health&#8217;s tips are based on its contention that the financial services industry will not return to the status quo of a pre GFC world: &#8220;&#8230; there can be no going back to the good old days&#8221;, it says.<\/p>\n<p>Looking to the future,\u00a0the consulting firm says:<\/p>\n<ul>\n<li>Clients will continue to regularly review the value they are receiving from their adviser<\/li>\n<li>The regulator will remain as diligent in its efforts to protect the clients&#8217; interests<\/li>\n<li>Product manufacturers will continue to look to increase sales of its products in the most efficient manner<\/li>\n<li>Licensees will still need to consider how they can help their advisers address all of these issues&#8230; profitably<\/li>\n<\/ul>\n<p>With\u00a0these issues in mind, Business Health&#8217;s top do&#8217;s and don&#8217;t&#8217;s for advisers and their practices in\u00a02011 are:<\/p>\n<p><strong>To do in 2011<\/strong><\/p>\n<ol>\n<li>Stay tuned into your clients<\/li>\n<li>Clearly articulate the services you provide per client category<\/li>\n<li>Embrace compliance<\/li>\n<li>Think about your practice without you in it<\/li>\n<li>Be proactive in seeking external input<\/li>\n<\/ol>\n<p><strong>\u00a0Not to do in 2011<\/strong><\/p>\n<ol>\n<li>Don&#8217;t do &#8216;the stuff&#8217; &#8211; stay away from it (referring to all the un-necessary tasks an adviser performs in their practice)<\/li>\n<li>Don&#8217;t assume a quiet client is a satisfied one<\/li>\n<li>Don&#8217;t run your practice with your &#8216;adviser hat&#8217; on<\/li>\n<li>Don&#8217;t take your staff for granted<\/li>\n<li>Don&#8217;t try to navigate the challenges ahead without a well thought out plan of action<\/li>\n<\/ol>\n<p>Business Health expands on all of these points in its newsletter and offers a number of other observations about the current and future advice environment.\u00a0 <a href=\"http:\/\/connect.gcast.com.au\/Public\/gCast.aspx?blid=e04ad68aaad04d6897ea52a25793eab8\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> to access the complete article.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its February 2011 newsletter, advice practice consultancy firm Business Health\u00a0listed its top &#8220;do&#8217;s and don&#8217;t&#8217;s&#8221; for financial advice businesses in 2011.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-9278","post","type-post","status-publish","format-standard","category-general","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/9278","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=9278"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/9278\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=9278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=9278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=9278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}