Why income advice is the new frontier for financial planners

Let’s imagine you’re running a financial planning business five years from now. You can generate a tailored plan for your clients automatically. You have software that figures out what advice …

Fishing in the muddy waters of the Chinese HNWI market

The population of Chinese mainland high-net-worth individuals (HNWIs) has increased dramatically over the past decade. According to a global wealth report issued by Knight Frank in 2018, the number of Chinese …

From the Catholic Church to Leonard Cohen: why zero point zero should frighten you

The idea of nothing has an interesting history in mathematics, and there’s even a theory that the Catholic Church tried to outlaw the concept of zero because the idea of …

Can robo cross the chasm to offer advice to the masses?

Australia’s robo-advice sector continues to battle a lack of awareness among consumers and has struggled to gain a foothold in the Australian investor market. Some early entrants to the market …

Facing up to the aged-care challenge demands innovation and flexibility

Australia’s ageing population is one of the biggest challenges facing the country in the next 20 years.  In its second background paper published in May, the Royal Commission into Aged …

In robo we trust – for our money but not our hearts

A blog published last weekclaimed that almost a third of Australians would be happy to receive financial advice from a robot.  According to the blog’s author, futurist Anders Sorman-Nilsson, the study showed that …

If you build a killer robot, don’t forget the “off” switch

The government recently dismantled a final argument in defence of grandfathered conflicted remuneration when it released regulations providing that from January 1, 2021, conflicted payments can no longer be made …

How well does your licensee support you through the challenges of being an adviser?

There’s one thing we can be sure of as the financial advice industry professionalises and realigns to deliver services in the best interests of consumers: the cost to financial advisers …

Advice as a business is alive and well; advice as product distribution is not

In the short term, the exit of major financial institutions from the advice industry will cause disruption to advisers, and potentially to clients. But in the long run, it will …

Review: 76 Things I Hate About You, by Ken Hayne and the Destruction of Trust

In presentations by CoreData to financial planners, licensees and product manufacturers about the future of advice and distribution, there’s a slide we’ve titled “Ken Hayne and the Destruction of Trust”.  …