In our latest poll, we asked for your thoughts about the future of your advice business and whether you anticipate business will be better than ever in the new financial advice regime.
At the time of writing, 61 percent agreed their business would thrive, 27 percent weren’t sure yet and 12 percent disagreed.
It’s encouraging that over half of voters have a positive outlook for their business in the new regime, especially with the multitude of reforms upon them, including:
- Introduction of the Adviser Code of Conduct
- Adviser licensing
- Higher minimum education standards
- Greater disclosure
- Remuneration reforms
The recently held Financial Advice New Zealand 2019 conference’s theme was to be brave and bold amongst change and disruption and members receive workbooks to help them through the transition to licensing.
Alongside the association, many industry participants are launching and expanding services especially to help advisers through this time of change, whether it be in reaching the education requirements or guiding them through compliance processes.
Dealer group, Kepa announced it is launching a new advice hub to deliver training, compliance and business support services to current and future advisers.
Compliance solutions firm, Compliance Refinery, launched last year while The Adviser Platform expanded its team to help advisers through regulation and compliance processes.
Do you find there is enough support to help your business transition to the new regime and thrive in changing times? Our poll still remains open for another week. Click here if you’d like to add your voice to the conversation…