The future of financial advice in association with IOM Australia
The Australian government’s plan to change the way financial advice is paid for, “The Future of Financial Advice (FoFA)”, is moving relentlessly forwards. In just sixteen months commission will be banned for investment products and providers will need to support adviser fees in order to remain in the market.
A more defined set of products supported by streamlined and efficient processes will provide a compelling reason why advisers should recommend a particular provider’s products as the solution to their customers’ financial requirements.
Leveraging the work mandated for FoFA to improve your products and services will maximise your return on your spend and position your company to be a profitable player in the emerging advice-driven market.