Financial planning advice is a slow, expensive and, it seems, unprofitable business. Firstly, it can take weeks or even months before a comprehensive statement of advice is ready. Secondly, research conducted by KPMG and commissioned by the Financial Services Council found the average cost of providing comprehensive financial planning advice is $5,335 a client, while…
The pandemic forced most advice firms into the safety of the “cloud” trying to keep their business alive. “Trying” quickly went to “thriving” and the Direxion Work From Home Survey found client relations and productivity were either unaffected or improved. Employees enjoyed the flexibility of working from home and owners could look at reducing the…
The burden of compliance together with the removal of conflicted selling has seen many dealerships look to tech for the efficiency needed to remain profitable. Should they develop their own tech stack or rely on an existing provider (or both)? Is it time for a new system built from scratch? Build your own “Frankenstein” The…
