Which factor is having the most significant impact on the sustainability of your advice business?
- Meeting incoming industry regulations (44%)
- Cost of providing advice (33%)
- Covid-19 pandemic (8%)
- Technology changes (7%)
- Other factors (5%)
- Recruiting qualified staff (3%)
Loading ...With regulatory changes and business challenges caused by issues such as Covid-19 some in the financial advice sector may feel being in business is suddenly a bit of a slog.
At the FSC’s Auckland Get in Shape summit various guest speakers spoke about the need to recruit more people to the industry, a survey illustrated that some advisers may feel challenged to adapt to the incoming regime, and on top of that a Covid case in Auckland has led to Level 3 restrictions being placed on the city for a few days.
With so much going on, what – if anything – is keeping you awake at night?